Angels Notes: Ward, Rodriguez, Bellinger
The Angels’ trade of outfielder Taylor Ward for right-hander Grayson Rodriguez stands as one of the most notable and most surprising deals of the young offseason. The swap caught Ward himself off guard, as he told Sam Blum of The Athletic, but the outfielder expressed gratitude to the Halos and had nothing but good things to say about his experience with the organization. Ward is a free agent after the season, and he noted to Blum that he’d be open to re-signing in Anaheim if the team shows interest next winter — though obviously a lot can happen between now and then. Said Ward:
“I had a wonderful time being in Anaheim, playing in Anaheim, getting to know the guys and getting to play next to Hall of Fame players too. I’m just very thankful for that time period, and it’s something I’ll cherish for the rest of my life.”
General manager Perry Minasian said after the trade that he couldn’t pass up the opportunity to add four years of a viable rotation arm in exchange for one year of Ward, even if there’s severe injury risk with Rodriguez, who hasn’t pitched since July 2024. Via Jeff Fletcher of the Orange County Register, Minasian called Rodriguez “a gamble worth taking” and noted that when healthy, the former first-round pick and top prospect “can beat anybody on any given night.”
For the 2026 season, Rodriguez will surely be on some form of innings limit. Between that and the general uncertainty behind Yusei Kikuchi and Jose Soriano in the rotation, the Angels remain in the market for further starting pitching upgrades. They’re also known to be on the hunt for help at third base and in center field. Whatever additions are (or aren’t) made in the outfield will impact any chances of the return referenced by Ward. Jorge Soler is a free agent next offseason. Jo Adell is under club control through 2027.
The free agent market is thin on center fielders, but Jon Heyman of the New York Post reports that the Angels have at least checked in on the top name available: Cody Bellinger. Given the Halos’ need in center, it’s only natural that they’d perform some due diligence. (It’d almost be more noteworthy to hear that they weren’t planning to at least gauge the price on Bellinger.) Heyman notes that a match between the two parties is viewed as a long shot, which shouldn’t come as a great surprise. Bellinger figures to finally command a nine-figure deal in free agency, likely for five or even six years.
While the Angels have the payroll capacity to make that type of addition — Mike Trout is the only player guaranteed anything beyond the 2027 season — it’s an open question as to whether Bellinger can truly be considered an everyday center fielder anymore. He hasn’t played the position on a full-time basis since 2022 and logged only 306 innings there with the Yankees in 2025.
Bellinger’s sprint speed hasn’t really dipped since that time, but Bellinger still has drawn negative grades from Defensive Runs Saved (-4) and Statcast (-1 OAA) in just over 700 innings of center field work across the past two seasons. He’d certainly be better there than Adell was when forced into the position in ’25 (-13 DRS, -8 OAA), but Bellinger will draw significant interest from contenders who are a cleaner fit — the Yankees certainly among them. After playing on teams with clear postseason aspirations throughout his entire career, he may also be skeptical of joining an Angels club that’s a long shot to contend.
Photo courtesy of Jayne Kamin-Oncea, Imagn Images
Blue Jays, Dodgers Interested In Cody Bellinger
The Yankees are known to have interest in reuniting with Cody Bellinger, even after Trent Grisham accepted the qualifying offer yesterday, but they will have competition. Bellinger has already been connected to the Mets and Jeff Passan of ESPN reports that the Blue Jays and Dodgers have interest in him as well.
Passan notes that the Jays want a left-handed complement to Vladimir Guerrero Jr. They have a few lefties projected to be in next year’s lineup. That includes Addison Barger, Daulton Varsho and Nathan Lukes, but there’s room for improvement there. Barger has shown signs he could be a middle-of-the-order bat but his track record in the majors isn’t especially long yet. Varsho has some home run pop but isn’t an elite hitter overall. Lukes is a pesky, contact-oriented type.
The Jays have already been connected to Kyle Tucker, a lefty swinger who happens to be the top free agent available. Bellinger hasn’t been quite at Tucker’s level for most of the recent past but he is coming off a better platform season. Passan writes that the Jays view Bellinger as an acceptable fallback to Tucker.
Bellinger just had a strong 2025 campaign with the Yankees. He hit 29 home runs while only striking out 13.7% of the time. His .272/.334/.480 batting line translated to a wRC+ of 125. He stole 13 bases and got strong defensive grades, playing all three outfield spots as well as first base.
There were some concerning elements under the hood. None of Bellinger’s 29 home runs went to the opposite field. He had a .302/.365/.544 slash and 152 wRC+ when playing at Yankee Stadium with its short porch in right field. He had a .241/.301/.414 line and 97 wRC+ on the road.
In the past, the market hasn’t always jumped on Bellinger, even when he has put up good numbers. It’s possible that is related to his unimpressive batted ball metrics, which are still present. In 2025, his average exit velocity, hard hit rate and barrel rate were all in the 36th percentile or worse.
Coming off a strong season in 2023, Bellinger reportedly went out looking for $200MM and didn’t find it. He had to settle for a three-year, $80MM deal with opt-outs. His 2024 season was mediocre enough that he didn’t even trigger the first opt-out chance. The Cubs sent him to the Yanks in what was effectively a salary dump deal, though he bounced back enough to trigger his second opt-out.
Observant Jays fans will know that the club has been connected to Bellinger throughout his ups and downs, so it’s perhaps unsurprising that they have him on the radar again. The question will be if they make him a priority with Tucker and Bo Bichette still out there. MLBTR predicted Bellinger to secure $140MM over five years, significantly less than the predictions for Tucker and Bichette but still a hefty commitment.
The Jays have a number of incumbent outfield options but there’s some flexibility in it. In addition to the aforementioned Varsho and Lukes, George Springer and Anthony Santander are likely to be sharing one corner and the designated hitter spot. There’s also guys like Barger and Davis Schneider, though those two are capable of playing the infield. Myles Straw is around as a glove-first bench guy. Signing another outfielder would likely push Lukes to a part-time position and Barger and Schneider to more full-time infield roles.
RosterResource projects the Jays for a payroll of about $233MM next year. That’s more than $20MM shy of their year-end figure in 2025. Getting back to that level would leave room for a notable addition but they would likely have to increase spending to make more than one marquee move. With needs on the pitching side of things as well, they may have to divert some of their recent extra revenue from their playoff run into next year’s team. Perhaps they will put more of a focus on Bichette but Bellinger is a possible fallback and getting both isn’t entirely impossible.
As for the Dodgers, the outfield does stand out as a place for them to add. The roster is obviously in a good place, as they just won the World Series and didn’t lose any major contributors to free agency. But if you’re looking for a place to find weak spots, the grass is a bit patchy. The Michael Conforto signing was a bust. Teoscar Hernández had an uneven season. Andy Pages had a decent year but his bat disappeared in the playoffs. Tommy Edman can play the outfield but is now recovering from ankle surgery and might be needed at second base.
Despite the need, it would be surprising if Bellinger was the solution. He was drafted by the Dodgers and spent the first six seasons of his career there but didn’t seem to part on good terms. Scott Boras, Bellinger’s agent, publicly blamed the Dodgers for Bellinger’s struggles in 2021 and 2022 after shoulder surgery. That prompted Dodgers president of baseball operations Andrew Friedman to respond and defend the club. Jack Harris of the Los Angeles Times was among those to relay the play-by-play of that saga back in 2023.
Given the tension there, perhaps a reunion isn’t especially likely. On the other hand, it’s not as though the situation has prevented the Dodgers and Boras from doing business. Since that spat, the Dodgers have signed Boras clients like Conforto, Blake Snell and James Paxton. If the Dodgers really want Bellinger and are willing to pay, that should win out over past squabbles.
On the other hand, it’s not clear if the Dodgers want to make a big splash in the outfield. They have also been connected to Tucker but with some reporting suggesting they might prefer to make a short-term addition as they wait for their outfield prospects to arrive. Josue De Paula, Zyhir Hope, Mike Sirota and Eduardo Quintero are all outfielders in the system and all four have been on top 100 prospect lists. They aren’t immediate fixes since no one in the quartet has reached Triple-A yet, but the Dodgers might be inclined to wait, as opposed to signing an outfielder to a mega deal. Having just won a second straight title, perhaps there’s less pressure for them to win the offseason.
Photo courtesy of Kevin Sousa, Imagn Images
Trent Grisham To Accept Qualifying Offer
Outfielder Trent Grisham is accepting his $22.025MM qualifying offer and will return to the Yankees in 2026, reports ESPN’s Jorge Castillo. Players who accept a QO are considered free agent signings and are thus ineligible to be traded prior to the following June 15 unless they consent to the move.
It’s at least a modest surprise, as Grisham is coming off a breakout year at the plate which saw him club a career-high 34 home runs. He slashed .235/.348/.464, thanks in no small part to a career-best 14.1% walk rate and a 23.6% strikeout rate that stood as the second-lowest in his career. Between that production, the fact that Grisham only just turned 29 earlier this month, and a thin outfield market in free agency, the stars seemed to align for him to pursue a weighty multi-year contract this winter.
Instead, Grisham returns to the site of his breakout and will hold down a key role in an outfield that’s also currently slated to include Jasson Dominguez and Aaron Judge. The Yankees are interested in re-signing Cody Bellinger, have been linked to Kyle Tucker and also have DH Giancarlo Stanton at least loosely in the outfield mix. (He played 132 outfield innings in 2025.)
Grisham’s return muddies the waters a bit, but GM Brian Cashman said recently that even if he accepted, it wouldn’t impact the team’s pursuit of a new deal with Bellinger (link via the New York Post’s Greg Joyce). The Yankees wouldn’t have made the QO to Grisham if they believed his acceptance was a roadblock to bringing back Bellinger or signing Tucker. They’re surely glad to have him back. Even though his defensive grades took an unexpected downturn in ’25, he has the best defensive track record in center of the Yankees’ in-house options.
While Grisham could have looked to cash in this winter, he’ll instead take a hefty one-year payday in what amounts to a bet on himself. Though he’s a left-handed bat, his power output was hardly a product of Yankee Stadium’s short right field porch. In fact, Grisham hit just .195/.326/.376 at home this season, compared to .254/.364/.506 on the road. If he can replicate this year’s huge power production, he could hit the market next offseason on the back of consecutive plus seasons at the plate and without the encumbrance of a qualifying offer. A big enough showing this year could realistically position Grisham for a $100MM+ contract — particularly if his defensive grades rebound, too.
The looming potential for a work stoppage is one other wrinkle to consider, but if anything, today’s glut of QO decisions suggests that players aren’t necessarily going to shy away from short-term deals that put them on the open market next year — at least not en masse. Grisham is one of four players to accept the QO, joining Gleyber Torres, Shota Imanaga and Brandon Woodruff in that regard. In a vacuum, any one of the four accepting his QO wouldn’t be considered a major surprise — but all four accepting in the same offseason is downright atypical. This marks the first time since the inception of the qualifying offer that more than three players have accepted a QO.
With Grisham back in the fold, the Yankees’ projected payroll for the upcoming season jumps to about $263MM, per RosterResource. They’ll now have about $286MM of luxury tax obligations, placing them just over the third penalty line. That means that the Yankees’ top pick in the 2027 draft will drop by 10 places, unless they’re able to sneak their luxury count back under $284MM. Given the wide swath of offseason dealings that’s likely still on the table for Cashman & Co., that doesn’t seem to be a very likely outcome. In all likelihood, the Yankees will wind up in the top CBT penalty tier, just as they’ve done in each of the past three seasons.
Turning to the rest of the league, Grisham’s early removal from the free agent market — to a team that didn’t clearly need to retain him, no less — subtracts arguably the top center field option from the market. Bellinger, of course, can still play center but barely did so in 2025. Most teams probably consider him more of a corner outfielder/first baseman who can play occasional center field. Harrison Bader and Cedric Mullins are the two most notable options still on the market, though the former has been more of a part-time player and the latter is looking to bounce back from an awful 2025 showing. The market was light on center fielders to begin with and is even more so now, so teams looking for help at the position might be more inclined to turn to the trade market to address that deficiency.
Mets Interested In Cody Bellinger
The Mets have interest in free agent Cody Bellinger, reports Jon Heyman of The New York Post. Heyman also downplays the possibility of the Dodgers making a strong run at free agent Edwin Díaz, which he suggests could be good for the Mets.
Bellinger would fit well with the Mets, given the current roster makeup. Center field was a big hole in 2025. Jose Siri spent most of the season on the injured list. He was outrighted off the roster in September and later became a free agent. Tyrone Taylor‘s performance was lacking. The club tried to address the situation by acquiring Cedric Mullins at the deadline but he struggled to the end of the season and then became a free agent.
There is the possibility of an internal solution to the problem. Taylor is still on the roster. President of baseball operations David Stearns also tells Joel Sherman of The New York Post that Carson Benge will have a chance to make the team out of camp next year.
Benge was the club’s first-round pick, taken 19th overall, in the 2024 draft. In 2025, he hit his way through High-A and Double-A. In 416 plate appearances across those two levels, he drew a walk in 14.2% of them while only striking out at a 17.5% clip. He produced a .308/.413/.513 line and 174 wRC+. He got bumped up to Triple-A in mid-August. He slashed just .178/.272/.311 at that level but in a tiny sample of 103 plate appearances with a .188 batting average on balls in play.
Ideally, he would have some Triple-A success before cracking the majors but it seems the Mets aren’t dimming his stock based on that fluky end to a strong season. He played all three outfield spots but the Mets have Juan Soto and Brandon Nimmo in the corners. If March rolls around and Benge is the best center field option, perhaps he will get the job. They likely can’t bank on that, however. Benge is still fairly inexperienced and won’t be eligible for the Rule 5 draft until after the 2027 season, so they don’t need to put him on the 40-man until he earns it.
Signing Bellinger would give them a strong Plan A. Bellinger hasn’t been an everyday center fielder for a few years but the plan would presumably be for him to move off that position whenever Benge forces the issue. Even if that doesn’t happen by Opening Day 2026, it could happen during the campaign. Bellinger could then move to a corner, with the designated hitter spot used in a rotation between himself, Soto and Nimmo. It’s also possible that Bellinger could end up at first base, depending on what happens with Pete Alonso.
Bellinger is heading to free agency for the third time but he should have far more earning power than in the first two trips. He was non-tendered by the Dodgers after 2022, his second straight dismal season on the heels of a shoulder injury. He secured a one-year, $17.5MM deal with the Cubs and bounced back with a strong season before heading to free agency for a second time. His market wasn’t strong, seemingly due to the memories of his poor 2021 and 2022 seasons still being fresh. He returned to the Cubs on a three-year, $80MM deal with opt-outs after each season.
His 2024 wasn’t quite as strong as his 2023 campaign, so he decided to skip his first opt-out chance. He was traded to the Yankees and then had a really strong performance in 2025. He hit 29 home runs, slashed .272/.334/.480 for a 125 wRC+ and got strong grades for his glovework, playing all three outfield spots and a bit of first. There were some flags under there, as he seemingly benefited from the short porch at Yankee Stadium. He had a 152 wRC+ at home and 97 on the road. Still, he made the easy decision to walk away from his $25MM salary in 2026, taking the $5MM buyout instead.
MLBTR predicted Bellinger to secure a five-year, $140MM deal this time. The Mets are one of the top-spending clubs in the league and could certainly make that happen if they wanted to, though Bellinger will have interest elsewhere, including from the Yankees.
At the end of the season, Stearns spoke of a desire to improve the Mets’ run prevention, per Tim Britton of The Athletic. Perhaps that would suggest Bellinger would be a better fit than bringing back Alonso, as the Polar Bear is not a great defender. Rostering both is theoretically possible but a bit clunky, as it closes off the possibility of Bellinger moving to first once Benge takes over center.
Turning to Díaz, he is the top reliever available this winter. The last time he was headed to free agency, the Mets signed him before he got there. It was a five-year, $102MM pact with an opt-out after three seasons. A major knee injury wiped out 2023 for Díaz but he bounced back in the two subsequent seasons. He just posted a 1.63 earned run average. His 38% strikeout rate wasn’t quite as gaudy as his 50% mark in 2022 but it was still very good. He triggered his opt out and is now a free agent for the first time.
Any club would be interested in adding him but he’s likely going to command another hefty deal. That puts clubs like the Dodgers in play, though Heyman’s suggestion that they aren’t likely to be aggressive with Díaz could help the Mets. That doesn’t mean he will be cheap, however. Ken Rosenthal and Will Sammon of The Athletic reports that Díaz is looking to get roughly the same deal he got last time.
That’s a bit of a tall ask. Díaz is still quite good but he’s turning 32 in March. As mentioned, his strikeout rate is still very strong but not quite as insane as it was a few years ago. MLBTR predicted him for $82MM over four years this time, roughly the same average annual value as his last deal but on a shorter term since he’s now three years older. Time will tell if he can match his previous pact but it should be a notable deal either way.
The Mets issued him a qualifying offer, which he will decline. The Mets presumably want to bring Díaz back but Stearns has generally opted for shorter-term commitments to pitchers since he took over the front office. If he lets Díaz sign elsewhere, it would hurt the bullpen but the Mets would receive a compensatory draft pick.
Photo courtesy of Kevin Sousa, Imagn Images
Cody Bellinger Opts Out Of Yankees’ Deal
Outfielder Cody Bellinger has opted out of his contract with the Yankees, reports Jon Heyman of the New York Post. Bellinger had one year and $25MM remaining on his deal. He’ll take the $5MM buyout instead.
Bellinger signed a three-year, $80MM contract with the Cubs ahead of the 2024 season. The deal included opt-outs after each year. Bellinger did not opt out after 2024. He was traded to the Yankees for Cody Poteet that offseason. Chicago also sent cash in the deal, paying $2.5MM of Bellinger’s 2025 salary and another $2.5MM that will now go toward the $5MM buyout.
Bellinger bounced back from a pedestrian season with the Cubs to post a strong 2025 in New York. The friendly confines of Yankee Stadium helped the lefty launch 29 home runs, his most since his 2019 NL MVP season. Bellinger slashed .272/.334/.480 while also grading out as a strong defender.
The standout season in the Bronx made Bellinger’s opt-out decision an easy one. He’ll hit the market as a 30-year-old still capable of playing all three outfield positions and first base. His camp is likely looking for at least a five-year commitment with an asking price above $100MM. Bellinger is not eligible to receive a qualifying offer, since he received one from the Cubs following the 2023 season. The Yankees can’t extend the QO and will not receive compensation if he signs with another team.
Bellinger joins Alex Bregman and Pete Alonso as top bats entering the market after opting out of their current contracts. His next foray into free agency is likely to be more fruitful than his previous attempts. After a pair of injury-plagued years, the Dodgers cut him loose following the 2022 season. Bellinger latched on with the Cubs on a one-year deal for 2023. He earned NL Comeback Player of the Year honors, but the market remained skeptical. Bellinger returned to the Cubs on the aforementioned three-year deal, and didn’t perform well enough in 2024 for an opt-out to be a logical choice. Chicago’s acquisition of Kyle Tucker made a trade seem inevitable, and New York was able to acquire him for a minimal return.
New York’s outfield could look quite different in 2026. Bellinger is joining Trent Grisham in free agency, leaving the Yankees with Aaron Judge, Jasson Dominguez, and then plenty of question marks. Top prospect Spencer Jones is a candidate to earn a job next season. The young lefty could provide the power/speed element that New York would be losing with the Bellinger departure. Grisham is a candidate to receive a qualifying offer, and the roughly $22MM could be enough to entice him back after a career-high 34 home runs.
Aaron Judge Will Not Require Elbow Surgery; Rodón, Volpe Expected To Start 2026 On IL
Yankees manager Aaron Boone held a press conference today and provided some notable updates about players on the roster. Outfielder Aaron Judge will not require offseason surgery on his right elbow. However, left-hander Carlos Rodón underwent a procedure to remove loose bodies from his left elbow. He will be no-throw for eight weeks and will likely miss the start of next season. Shortstop Anthony Volpe, who had shoulder surgery this week, won’t be able to hit for four months and won’t be able to dive for six months. Chris Kirschner of The Athletic was among those to relay the updates (tweet one, two and three). General manager Brian Cashman also confirmed, per Greg Joyce of The New York Post, that Volpe will indeed start the season on the injured list.
The news on Judge is obviously good. He was diagnosed with a flexor strain in July. Though his stint on the IL was minimal, he was limited to designated hitter duties in August. This was a bit awkward, as it forced Giancarlo Stanton into the field, surely more than the Yankees had planned on. Judge gradually played the outfield more throughout September and into October.
If Judge had required Tommy John surgery or some other significant elbow operation, that would have had lingering impacts into the 2026 season, though it seems Judge will be expected to be a full-time outfielder again next year. That should allow the Yankees to go into 2026 planning on having Judge in right and Stanton in the DH slot.
The outfield will still be a focus this offseason, however. Trent Grisham is an impending free agent. Cody Bellinger is going to opt out of his contract and hit the open market as well. That leaves Judge and Jasson Domínguez as the two outfield holdovers. A former top prospect, Domínguez has yet to fully break out. 2025 was his largest stretch of big league playing time. He produced roughly league average offense with poor defense.
Per Kirschner, Boone expects Domínguez to be a regular with the Yanks next year but the skipper added the caveat that it depends what moves happen this offseason. The Yanks could pursue reunions with Bellinger and/or Grisham while the free agent market also features names like Kyle Tucker, Harrison Bader and Cedric Mullins. The trade market should feature names like Lars Nootbaar, Alec Burleson, Adolis García and others. Per Jack Curry of the YES Network, Cashman said he would love to have Bellinger back but the Yankees haven’t had any offseason discussions yet. Per Kirschner, Cashman says that prospect Spencer Jones has also put himself in the mix for a job next year, though that also depends on what happens in the offseason.
The Rodón news is obviously less pleasant. It doesn’t appear as though he’s slated for a huge absence, but the Yanks will go into the season with a few guys on the IL. Gerrit Cole had Tommy John surgery in March of last year. He should return at some point in 2026 but Boone confirmed today, per Kirschner, that Cole would not be ready by Opening Day. Clarke Schmidt had his own TJS in July and will be out well into the 2026 campaign.
Those arms could provide nice in-season boosts to the rotation but the Yanks will have to begin the campaign without them. As of right now, the Opening Day rotation projects as Max Fried, Luis Gil, Cam Schlittler and Will Warren. The Yankees will presumably look to bolster that before Opening Day. It’s possible they end up with a crowded group once Rodón and Cole get back on the mound but other injuries are fairly inevitable. The free agent market is headlined by guys like Framber Valdez, Tatsuya Imai, Dylan Cease and Ranger Suárez, while the trade market could feature MacKenzie Gore, Joe Ryan and plenty others.
As for Volpe, it seems Boone still views him as the shortstop once he’s healthy. “Yeah, he’s right in the mix to do that,” Boone said today, per Kirschner. Cashman also admitted today, per Bryan Hoch of MLB.com, that the shoulder issue was impacting Volpe during the season.
That’s backed up by the numbers. Volpe’s defensive metrics dropped significantly this year. He had six Defensive Runs Saved and 14 Outs Above Average in 2024 but 2 DRS and -7 OAA in 2025. His offense finished in a similar spot to previous seasons but he seemed to drop off a cliff once he suffered the injury. He had a .237/.328/.456 slash and 119 wRC+ through the end of April, just a few days before injuring his shoulder. He hit .205/.255/.374 for a 74 wRC+ from the start of May onwards.
Going into 2026, the Yankees could look to external options, though there aren’t surefire answers out there. The free agent market is headlined by Bo Bichette, who is an excellent hitter but a poor defender. Guys like Ha-Seong Kim and Trevor Story could be out there via opt-outs, though there are issues there as well. Kim is coming off a poor season after recovering from shoulder surgery. Story had a bounceback year after his own injury odyssey but he’s about to turn 33 and may not opt out anyway. CJ Abrams may be available in trade but he’s not a great defender either and the bat is inconsistent.
Perhaps the Yankees will let José Caballero hold the job until Volpe is healthy. Caballero played well after being acquired at the deadline. Braden Shewmake is on the roster as depth and the Yanks could bring in some veteran utility types.
Photo courtesy of Brett Davis, Imagn Images
Cody Bellinger To Opt Out Of Contract With Yankees
Cody Bellinger will decline his $25MM player option and become a free agent, reports Jorge Castillo of ESPN. That was never much in doubt, as the outfielder will hit the open market after one strong season with the Yankees. He’ll collect a $5MM buyout, half of which will be paid by the Cubs.
The Yanks had been tied to Bellinger in free agency and trade rumors for years. That finally came to fruition last offseason with what amounted to a salary dump trade with Chicago. Bellinger was coming off a relative down ’24 season (.266/.325/.426) and passed on his first opt-out chance in his three-year deal. The Cubs pulled off the Kyle Tucker trade to add a needed impact bat in the middle of the order. That left them without an outfield spot for Bellinger, so they sent him to the Yankees for essentially no return.
New York absorbed $47.5MM of the $52.5MM remaining on Bellinger’s contract. The Cubs paid $2.5MM of his $27.5MM salary this season and are responsible for the other $2.5MM on the buyout. The Yankees wound up paying $27.5MM for one year — $25MM in salary and the remaining half of the buyout.
That proved a worthwhile investment even if the team had a disappointing exit in this week’s Division Series. Bellinger played about as well as could be expected. He hit .272/.334/.480 across 656 plate appearances. Bellinger hit 29 homers, his best single-season total since he connected on 47 longballs during his 2019 MVP season. He swiped 13 bases while cutting his strikeout rate to a career-low 13.7% clip.
Bellinger’s left-handed swing seemed tailor made for Yankee Stadium. He hit 18 homers with a .302/.365/.544 batting line at home. His road numbers were essentially league average, as he slashed .241/.301/.414 outside the Bronx. That could give some teams pause about how the bat will play if he signs elsewhere. Bellinger didn’t find the robust market he wanted when he was a free agent during the 2023-24 offseason, nor was there significant trade interest when the Cubs shopped him last winter. If there were, the Yankees would’ve needed to give up more than journeyman righty Cody Poteet to acquire him.
That’s largely because of Bellinger’s pedestrian batted ball metrics. He has been in the bottom quarter of the league in average exit velocity in each of the past three seasons. He doesn’t have a ton of bat speed and certainly doesn’t hit the ball as hard as he did early in his career — before he suffered a shoulder injury that tanked his numbers between 2021-22. Bellinger has compensated for the drop in bat speed by cutting his strikeouts every season, and he carries a .281/.338/.477 line in nearly 1800 plate appearances over the past three years.
Bellinger returns to the market a few months after his 30th birthday. He’s young enough to seek a five- or six-year deal. Bellinger is a better defender and arguably superior all-around hitter than Anthony Santander, who signed for five years with a net present value around $69MM last winter. There’s little reason Bellinger shouldn’t beat that contract fairly handily. It wouldn’t at all be surprising if his camp starts out with an asking price in the $100-150MM range.
The Cubs issued Bellinger a qualifying offer after the 2023 season. That makes him ineligible to receive a QO for the rest of his career. The Yankees would not receive any kind of compensation if he signs elsewhere, nor would another team forfeit a pick. New York can and probably will make a qualifying offer, which would land around $22MM, to Trent Grisham. They’re also set to have Luke Weaver, Devin Williams, Paul Goldschmidt and a handful of role players hit the open market. Williams entered the season as a qualifying offer candidate, but the Yankees are probably content to let him move on after an uneven season in pinstripes.
Yankees Notes: Judge, Bellinger, Volpe
Aaron Judge‘s massive postseason performance made it easy to forget he’s been dealing with a flexor strain in his right elbow since July. The slugger had multiple hits in all but one game across the first two rounds of the playoffs. Judge engineered a defining postseason moment in Game 3 against Toronto, smashing a game-tying homer off Louis Varland.
With the Yankees now headed into the offseason, Judge was asked about the plan for his ailing elbow. “We’ll definitely do some work on it and get it right,” Judge told reporters, including Chris Kirschner of The Athletic. When asked about surgery specifically, Judge remained noncommittal. “I’m not a doctor. I don’t know.”
The flexor strain forced Judge to the IL in late July. It was a minimum stint on the IL, but he was unable to play the field upon returning. Judge spent all of August at DH. He made it back to his familiar home in right field on September 5. Judge bounced between right field and DH for the final month of the season. In the playoffs, he played exclusively in the field, with Giancarlo Stanton manning the DH spot in all seven games.
Initial tests did not reveal any ulnar collateral ligament damage for Judge. His recovery from surgery to address the flexor strain, if he were to go that route, would not be as long as for a more serious elbow injury like a UCL tear.
Anthony Volpe was similarly tight-lipped about offseason surgery for his shoulder injury. “I anticipated playing another month and then reassessing then. So nothing’s [decided] … we’re going to figure it out,” Volpe told reporters, including Bryan Hoch of MLB.com.
Volpe partially tore the labrum in his shoulder back in May. He didn’t go on the IL with the injury, but his performance suffered. Volpe slashed a solid .237/.328/.456 through April. His numbers tumbled to .205/.255/.374 over the final five months of the season. Volpe got off to a strong start in the postseason, going 4-for-11 with a home run in the Wild Card round against Boston. He collapsed in the ALDS, managing just one hit in 15 at-bats. Volpe struck out 11 times in the four games against Toronto.
Depending on the severity of the tear, Volpe could elect surgery and still be ready for the 2026 season. Shohei Ohtani tore the labrum in his non-throwing shoulder during the World Series in 2024. He made it back in time for spring training this year.
While Volpe never hit the IL with the shoulder issue, he did miss time in mid-September after receiving a cortisone injection. Midseason acquisition Jose Caballero started six straight games at shortstop from September 10-15. Caballero receded to a bench role once Volpe was deemed healthy, but he did endear himself to Yankees fans with a walk-off single to clinch a postseason bid in the final week of the season. Caballero is under team control through 2029 and could factor into New York’s middle infield plans depending on the health of Volpe.
No matter what Judge and Volpe decide on the surgery front, they’ll definitely be back with the team next season. The same can’t be said for Cody Bellinger, who is facing a decision of his own. Bellinger can opt out of the final year of his current contract with the Yankees. He’d be leaving $20MM on the table ($25MM salary next year but with a $5MM buyout) in pursuit of a longer, potentially more lucrative deal in free agency.
Hoch passed along comments from Bellinger about the pending opt-out decision. As has been the theme with these Yankees, Bellinger didn’t say much. “Obviously, things to discuss with family and the agent and the business side of it all. But tonight, I’m just going to soak it all in and just be a part of the group one more time.”
Bellinger signed his current three-year, $80MM contract with the Cubs ahead of the 2024 season. He could’ve opted out of the deal this past offseason, but declined. Bellinger was then dealt to the Yankees. He slugged 29 home runs in his first year in pinstripes, his most since his 2019 NL MVP season. Bellinger also stayed healthy, topping 600 plate appearances for just the third time in his career. He’s widely expected to opt out of the final year of his deal.
Yankees Notes: Judge, Bellinger, Goldschmidt, Slater, Schlittler
Aaron Judge‘s right flexor strain continues to be the overarching story impacting the Yankees’ business on and off the field as the trade deadline approaches. Manager Aaron Boone provided some more details on Judge’s status in an interview with Jomboy Media’s “Talkin’ Yanks” podcast (link to X) today, saying that Judge is slated to start hitting off a tee no later than tomorrow. It will still be 10-15 more days before Judge is able to throw, however, keeping with the initial expectation that Judge will be limited to DH duty when he is able to return to New York’s lineup.
Judge received a PRP injection in order to help the healing process, and if he is able to swing without discomfort, that should allow him to get back into the field at least as a designated hitter. It’s a good sign that Judge is already set to take some swings, though there won’t be many sighs of relief in the Bronx until Judge is officially back from the 10-day IL, and perhaps not until he is able to take his regular spot back in right field. The longer Judge is DH-locked, the longer Giancarlo Stanton will have to play the outfield, which is itself a roll of the dice considering Stanton’s lengthy injury history.
The ripple effect of Judge’s injury can’t be understated, as the superstar’s absence adds to the recent misery for a Yankees team that is 15-24 over its last 39 games. While the Yankees are 57-49 and remain the AL’s top wild card team, SNY’s Andy Martino reported yesterday that the club was considering selling some talent at the deadline if Judge’s elbow issue had proved to be season-ending. Following up on that report, Martino adds that the Yankees floated Cody Bellinger and Paul Goldschmidt in talks with at least one team. Goldschmidt is an impending free agent, and Bellinger can opt out of his $25MM player option for 2026 and enter the open market as well following the season.
This could just be due diligence and an example of how front offices tend to prepare for any scenario, as Martino again stressed that it is quite unlikely that the Bronx Bombers will be anything but deadline buyers. New York has already been busy on the trade front in adding Ryan McMahon and Amed Rosario, and remain linked to multiple other players on the rumor mill.
Austin Slater is the latest name in the mix, as ESPN’s Buster Olney lists Slater as one of the right-handed hitting outfielders on the Bombers’ list of possible targets. The veteran outfielder is hitting .244/.308/.437 over 131 plate appearances for the White Sox this season, with an .897 OPS in 74 PA against left-handed pitching.
A right meniscus tear shelved Slater for about five weeks earlier this season, but has looked good since returning in May. Slater is one of the more inexpensive rentals on the market, as he has only around $580K remaining on his $1.75MM salary for the 2025 campaign. He’d fit into any team’s budget at that number, so plenty of teams beyond just the Yankees figure to be checking in with the White Sox.
As Martino noted, the Yankees may be more apt to make modest deadline upgrades than to swing any real headline-grabbing trades. If the club did do something a little more consequential like move a highly-touted prospect, Cam Schlittler might be a player to watch, as MLB.com’s Bryan Hoch writes that the right-hander “is rumored to be near the top of several wish lists” from rival teams.
Schlittler is just three starts into his big league career, with a 4.91 ERA over his 14 2/3 inning in the Show. His 13.2% walk rate and three home runs allowed are signs of growing pains, but Schlittler has posted very good numbers in the minors since being a seventh-round pick for New York in the 2022 draft. Offering a big league-ready young starter can open the door in many trade talks, yet given how the Yankees are themselves stretched for rotation depth, they might well see the value in keeping Schlittler for the rest of the 2025 stretch run, let alone for the future.
The Yankees’ Outfielders Raising Their Free Agent Stocks
For the second straight season, the Yankees have the best outfield in baseball. Having the best hitter on the planet is an excellent starting point. This level of dominance can't all come from Aaron Judge, though. Last season, Juan Soto paired with Judge as an all-time 1-2 offensive punch. It seemed almost impossible for the outfield to match last year's .266/.377/.516 line after losing Soto to free agency.
They've instead improved upon that monster production through this season's first two months. Yankee outfielders carry a .293/.380/.533 slash. They lead MLB with 37 home runs and trail only the Cubs with 113 runs batted in. They're handily above the rest of the league in all three slash stats. The Cubs are the only team that is particularly close in terms of FanGraphs' Wins Above Replacement.
Judge somehow elevating from a .322/.458/.701 performance is the biggest factor. Yet the Yankees have largely offset the loss of production from Soto -- at least so far -- by not having anyone close to last season's weak link, Alex Verdugo. That's a testament mostly to Cody Bellinger and Trent Grisham, each of whom have gotten out to excellent starts. (Jasson Domínguez has decent numbers overall as well, though most of that comes from a three-homer barrage in Sacramento on May 9.) The early paces from Bellinger and Grisham provide the Yankees needed lineup depth around Judge and Paul Goldschmidt. They're also significant factors for what looks to be a shallow upcoming free agent class behind Kyle Tucker.
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