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Mets Not Ruling Out Edwin Diaz Reunion Despite Williams Signing

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Dec. 2:  While the Mets do still hope to re-sign Díaz, there’s been a gap in talks. Will Sammon of The Athletic reports that while Díaz has indeed been seeking a five-year pact, the Mets’ preference has been to limit the commitment to a three-year term (presumably at a top-of-the-market annual value).

Dec. 1: The Mets are adding Devin Williams to the back of their bullpen on a three-year contract. That gives them an established closer if Edwin Díaz signs elsewhere, but it apparently won’t completely shut the door on Díaz staying in Queens.

Anthony DiComo of MLB.com was among those to report that the Mets still have interest in re-signing Díaz. It seems Williams is on board with that plan, as DiComo writes that the new signee is open to pitching in a setup capacity if the Mets bring back their incumbent closer. Díaz rejected a qualifying offer and is reportedly seeking a deal in the five-year, $100MM range. At last month’s award ceremony, the three-time All-Star put the chance of a reunion around 50-50. “If they came with the best deal for me, I’d enjoy to stay with them,” Díaz told reporters at the time, “but at the end of the day, I don’t know what they’re thinking.”

The Williams signing presumably reduces the odds of a Díaz return. The Mets might feel more comfortable walking away and collecting a compensatory draft pick now that they no longer need a closer. Yet they certainly still need to add in the late innings. Tyler Rogers, Ryan Helsley, Gregory Soto and Ryne Stanek also all hit free agency. If Williams were penciled into the ninth, Huascar Brazoban would be their most established right-handed setup man. They should bring in another two high-leverage relievers at least.

Díaz is also simply an upgrade over Williams in the ninth inning. While there’s reason for optimism in the latter’s track record and underlying metrics, he’s a bit of a gamble coming off an uneven year with the Yankees. Díaz has no such concerns, as he posted a 1.63 earned run average while striking out 38% of opponents across 66 1/3 innings last season. He went 28-31 in save chances. That’ll be reflected in their respective contracts, but the bullpen would look a lot more formidable with Williams in the eighth and Díaz back in the ninth.

The Blue Jays are the only other team that has been publicly linked to Díaz this offseason. Teams like the Dodgers, Giants, Yankees, Tigers, Red Sox, Cubs, Diamondbacks and Angels could also be in the mix for high-leverage bullpen help.

Nimmo, Stearns, Young Discuss Semien Trade

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The Mets and Rangers lined up on a surprising one-for-one swap over the weekend, with outfielder Brandon Nimmo heading to Texas and infielder Marcus Semien to Queens. Today, members of the media got to speak with many of the parties involved. Arguably, the most notable comment came from Nimmo himself, who waived his no-trade clause to become a Ranger. “I would not have waived that no-trade clause if I didn’t think I could come here and win,” Nimmo said, per Shawn McFarland of the Dallas Morning News.

It has been fair to wonder about the direction of the Rangers recently, as they’ve clearly been trying to dial back their spending. They pushed their competitive balance tax a bit over the line in 2023 and 2024. In 2025, they hoped to duck under the line but may have gone over with in-season trades, such as acquiring Merrill Kelly from the Diamondbacks. Their 2025 status won’t be official until MLB releases the final calculations, likely in December, but it’s possible the Rangers will be tax payors for a third straight season.

Even if they did go over the line, it was surely by a narrow margin, so the tax bill won’t be huge. Regardless, it seems they are going to be extra motivated to pinch pennies in 2026. The club parted ways with manager Bruce Bochy at the end of the regular season. President of baseball operations Chris Young admitted that the club didn’t have a lot of financial certainty, which played a role in that separation. Esteemed pitching coach Mike Maddux also left, heading to the Angels, which prompted speculation that was financially motivated as well.

In terms of the roster construction, the Rangers were recently trying to trade outfielder Adolis García and catcher Jonah Heim, despite both players being part of the 2023 championship club. Each could have been retained via arbitration for 2026 but the Rangers clearly didn’t want to pay them at their projected prices. Ultimately, no trade came together. On Friday, the Rangers non-tendered both, along with relievers Jacob Webb and Josh Sborz.

Amid all of that, rumors have swirled that the Rangers could trade a more expensive franchise players such as Corey Seager or Semien as part of a larger step back. Now Semien has indeed been traded but the Rangers have taken on another sizable contract by getting Nimmo in return. The remaining contracts are somewhat analogous, with Nimmo making less annually, but signed for two extra years. The Rangers are therefore taking on more money overall but less per year.

It seems that Nimmo has been assured that the club is still planning to compete and isn’t doing a big teardown. That’s somewhat encouraging for fans in Texas but the club will probably still have some tight parameters to deal with. RosterResource estimates the club has a pure payroll of $169MM next year and a competitive balance tax figure of $187MM. Last year, those numbers were $224MM and $237MM.

Getting back up to those levels would give the Rangers roughly $50MM to work with but the signs are pointing to them setting a lower target. They have a number of things on the to-do list this winter. The rotation could use some shoring up. Almost the entire bullpen reached free agency, meaning there’s work to do there. Replacing Heim behind the plate and potentially Semien at second are other potential areas to target, though it’s possible the Rangers are happy with Willie MacIver as a backup to Kyle Higashioka behind the plate. It’s also possible they feel Josh Smith and/or Sebastian Walcott can take over at the keystone.

President of baseball operations Chris Young also spoke today and echoed Nimmo’s comments that the Rangers want to win. “I do think we are focused on winning moving forward,” Young said, per Kennedi Landry of MLB.com. “The last two years have been very difficult as we feel like we have not lived up to our expectations, and when you don’t meet expectations, you have to make tough calls, and that’s part of this.”

Young also said Nimmo will likely end up in right field, per McFarland, but there are still conversations to be had there. Nimmo has primarily been a left fielder in recent years, with Statcast ranking him as having 48th percentile arm strength. The Rangers could perhaps keep Nimmo in left while moving Wyatt Langford to right. Langford’s arm strength was slightly ahead of Nimmo in 2025, with Statcast giving him 59th percentile arm strength. However, Langford has no professional experience in right, while Nimmo has over 600 big league innings at that spot.

Turning to the other side of the trade, Mets president of baseball operations David Stearns also spoke to the media today, complimenting his new second baseman. “It’s notable that this is a player that can contribute to winning baseball in a variety of different ways,” Stearns said, per Deesha Thosar of Fox Sports, “and the bat may not actually lead the way at this point in his career. We think there’s likely some bounce back in his offensive profile and his offensive game. But what we’re counting on at the top of his skillset is the contributions he can make for us defensively, how he can perform on the bases, and we think those are going to help us win games.” Stearns has highlighted a desire to improve the Mets’ run prevention, so it’s understandable he would focus on Semien’s defense.

Naturally, Stearns was asked about what’s next for the Mets. While the story in Texas might be scaled-back spending, that doesn’t appear to be a concern with the Mets. “Sure,” Stearns said, when asked if it’s possible for the Mets to re-sign Pete Alonso and Edwin Díaz and a notable free agent outfielder. “I think anything would be realistic right now.”

Under owner Steve Cohen, the Mets have been one of the top-spending clubs in the majors. Per RosterResource, they had a $340MM payroll and $337MM CBT number in 2025. For 2026, those numbers are at $263MM and $264MM. That gives the Mets something like $70MM in wiggle room if they are willing to get to the same level and it’s entirely possible they could be willing to go even higher.

MLBTR predicted Díaz to secure an $82MM deal over four years. He is reportedly setting his sights higher than that, targeting a deal in the same range as his last one, which was a $102MM guarantee over five years. Either way, a deal worth roughly $20MM annually is probably likely. MLBTR predicted Alonso for $110MM over four years, which would be $27.5MM in terms of average annual value.

Put together, those two would likely eat up something near $50MM of next year’s payroll. If the Mets do have $70MM of space right now, that would leave them another $20MM to spend on an outfielder, though they also presumably want to make additions to the rotation as well. The Mets have already been connected to Cody Bellinger and the Nimmo deal opens a corner, raising immediate speculation about a run at Kyle Tucker. MLBTR predicted Bellinger for $140MM over five years and Tucker for $400MM over 11 years, respective AAVs of $28MM and $36.36MM.

There are other moving pieces at play. With Semien now at second base, it’s possible Jeff McNeil’s chances of getting traded have increased. He can play other positions, such as left or center field, but it’s possible the Mets would rather ship him out the way they did with Nimmo. Even before the Nimmo deal, McNeil’s name was in trade rumors. McNeil is owed $15.75MM next year, plus a $2MM buyout on a $15.75MM club option for 2027. There’s also a $500K assignment bonus if he’s traded. Then there’s also Kodai Senga, who is owed $14MM annually over the next two years and has been in trade rumors as well.

If the Mets can find a taker for McNeil and/or Senga, they could free up some more money for their other pursuits, or perhaps address another area of need by taking back another veteran player, like they did by grabbing Semien. Stearns also mentioned today that McNeil could also play some first base, expanding his versatility, per Mike Puma of The New York Post. McNeil has played every position on the diamond outside the battery but has just three innings of first base experience. If Alonso isn’t coming back, McNeil could be part of the solution there, alongside guys like Mark Vientos. Though it’s also possible the Mets aren’t done shaking up their roster by trading out long-time mainstays.

Photo courtesy of Kyle Ross, Imagn Images

Nine Players Reject Qualifying Offer

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The deadline to accept the qualifying offer has passed. Four players — Trent Grisham, Gleyber Torres, Brandon Woodruff, and Shota Imanaga — chose to accept the one-year, $22.025MM deal and remain with their current clubs. The remaining nine players rejected the deal. They are: Cubs outfielder Kyle Tucker, Phillies DH Kyle Schwarber, Blue Jays infielder Bo Bichette, Astros lefty Framber Valdez, Padres righty Dylan Cease, Phillies lefty Ranger Suarez, Mets closer Edwin Diaz, Diamondbacks righty Zac Gallen, and Padres righty Michael King. All nine are now free agents.

There’s not much surprise in any of the nine players who rejected. Tucker, Schwarber, Bichette, Valdez, Cease, Suarez and Diaz were all locks. Gallen may have given some brief thought to accepting after a rough showing in 2025, but he finished strong and has a track record as a high-end starter who’s garnered multiple top-five finishes in NL Cy Young balloting. King was hobbled by nerve and knee injuries in an odd season but was dominant in 2023-24 and through the first two months of the current season. He was healthy late in the year and fanned three in his lone inning of postseason work. He’ll test the waters in search of a multi-year deal as well.

Now that this nonet has rejected qualifying offers, they’ll all be subject to draft compensation. Interested teams will need to surrender a draft pick (or multiple picks) and, in some cases, space from their bonus pool for international amateurs in order to sign any of this group. The extent of that draft compensation depends on the revenue-sharing and luxury tax status of the new team. MLBTR broke down which pick(s) each club would forfeit by signing a “qualified” free agent last month.

Similarly, the compensation for each player’s former club is dependent on revenue-sharing and luxury tax status — as well as the size of the contract signed by the player in question. MLBTR also ran through the compensation each team would receive if their qualified free agents turned down the offer and signed elsewhere.

Blue Jays Targeting High-Leverage Relievers

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The Blue Jays are targeting high-leverage relievers, reports Mitch Bannon of The Athletic. Free agent Edwin Díaz appears to be one possibility, according to Ken Rosenthal of The Athletic. Rosenthal frames the Jays as the main threat to poach Díaz from the Mets. Rosenthal reports that the Jays recently met with Díaz’s representatives from Wasserman, though he also notes that may not mean anything since everyone meets with everyone at this time of year. Jeff Jones of The Belleville News-Democrat reports that the Jays were interested in Ryan Helsley ahead of the deadline. He is now a free agent and could be a target as well. The Jays were also connected to Pete Fairbanks earlier this week.

The Jays have seemingly been casting a wide net early in the offseason, having been connected to all kinds of different pursuits. The bullpen is one thing on their list and it’s a sensible one. The Jays had a middling relief group in 2025. Toronto relievers had a collective 3.98 earned run average, which was 16th out of the 30 big league clubs. Closer Jeff Hoffman had a 4.37 ERA for the year. He dominated through most of the playoffs but then surrendered the big Miguel Rojas home run when the Jays were two outs away from a title.

Last week, general manager Ross Atkins said that Hoffman would be open to moving to a different role if the Jays found another closer. It seems the Jays are indeed considering that. Díaz is one of the best closers in the game today. He already has 253 saves under his belt. He just wrapped up a season in which he had 1.63 ERA, 38% strikeout rate, 8% walk rate and 48.4% ground ball rate.

He has been with the Mets since 2019 and it might be assumed by some that he will end up back in Queens. He was approaching free agency three years ago but signed a five-year, $102MM deal to stay with the Mets just days before he was set to hit the open market. That deal contained an opt-out after three years, which Díaz triggered. He is now a free agent for the first time.

The Mets could certainly re-sign him but it doesn’t seem to be a fait accompli. Díaz himself said this week he has been talking with the Mets but put the odds of a return at 50/50, per Laura Albanese of Newsday. “If they came with the best deal for me, I’d enjoy to stay with them,” Díaz said, “but at the end of the day, I don’t know what they’re thinking.”

Díaz is still quite a good reliever but he is three years older than when he signed his previous deal. MLBTR predicted him to secure a four-year, $82MM pact this time around, a similar average annual value but on a shorter commitment since he’ll turn 32 years old in a few months. Díaz appears to be setting his sights a bit higher than that. Earlier this week, reporting from Rosenthal and Will Sammon of The Athletic indicated he is looking for roughly the same kind of deal he got last time. Bob Nightengale of USA Today echoed that this week, reporting that Díaz is looking for at least $100MM over five years.

That would be a notable expenditure for any club. As shown in MLBTR’s Contract Tracker, the $102MM guarantee from the previous Díaz deal is still the record for a reliever. The $20.4MM AAV is also top of the list, apart from swingman Nick Martinez accepting a $21.1MM qualifying offer from the Reds a year ago.

Whether the Jays would be willing to do that remains to be seen. They’ve never given a reliever more than the three years and $33MM they gave to Hoffman a year ago. They might have to triple that to land Díaz. Perhaps getting so close to a World Series will push them there, both because the bullpen let the last game slip away and because they presumably raked in a bunch of extra money from the deep playoff run.

RosterResource projects the Jays for a $235MM payroll next year, more than $20MM shy of their year-end figure in 2025. It’s unknown how high they are willing to go in the wake of their 2025 run. Presumably, there is a limit somewhere and they will have to balance their desire for Díaz against pursuits of Bo Bichette, Kyle Tucker, starting pitching and so on. Díaz also rejected a qualifying offer. Since the Jays paid the competitive balance tax in 2025, signing a player tied to a QO means they would have to forfeit two draft picks and international bonus pool space.

The Mets have been operating with very few payroll limits in recent years but David Stearns has shown a measured approach to building his pitching staff since taking the president of baseball operations job. Despite having Steve Cohen’s seemingly boundless resources, he hasn’t given a pitcher a deal longer than three years yet. The bullpen has mostly been built with one-year deals. A.J. Minter got two years with an opt-out in the middle, though his lack of health in 2025 means he will be coming back for that second year.

Some may speculate that Cohen would just override Stearns and bring back Díaz as a fan favorite. Rosenthal downplays this notion is his column, linked above, referring back to the 50/50 comments from Díaz.

Turning back to the Jays, they could also shop in a different aisle. As mentioned, they have been connected to Fairbanks, who will be far cheaper than Díaz. That’s also true of Helsley, who has a strong track record but is coming off a poor platform season.

From 2022 to 2024, Helsley tossed 167 2/3 innings with a 1.83 ERA, 34.6% strikeout rate and 9.2% walk rate. In 2025, his ERA jumped to 4.50 as his strikeout rate fell to 25%. He was especially bad after getting traded from the Cardinals to the Mets at the deadline, with a 7.20 ERA after that swap.

That obviously puts a big dent in his earning power but he should still get interest as a bounceback candidate. Plenty of clubs would be happy to try him on a one-year deal with the hope that 2025 was a blip. He might also have enough juice for two years with an opt-out. MLBTR went the latter route, predicting him for a two-year, $24MM guarantee.

There’s no denying the trend lines aren’t good. Helsley’s strikeout rate has gone from 39.3% in 2022 to 35.6%, 29.7% and 25% in the most recent seasons. But he still averaged 99.3 miles per hour on his fastball this year, a tiny drop from his peak of 99.7 mph in in 2023. He may have been tipping his pitches and he also surrendered a fairly high .342 batting average on balls in play. His 14.5% home run to fly ball ratio was far worse than previous seasons. Part of that was him getting hit harder than before but some teams may feel he could be back to his old self with a tweak or two.

If the Jays circle back to Helsley, that would be a far different addition than Díaz. Díaz is about as rock-solid as a closer gets these days and would immediately supplant Hoffman as the top guy in the bullpen. Helsley would be a lower-cost flier and would surely start lower in the pecking order before having to earn his way up. How the Jays play it will presumably depend on the other market factors and how things play out with the other things on their to-do list.

Photo courtesy of Brad Penner, Imagn Images

Jacob deGrom, Ronald Acuna Jr. Named Comeback Players Of The Year

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The main event of Thursday’s award revelations came with the BBWAA’s announcement that Shohei Ohtani and Aaron Judge repeated as MVP winners. Major League Baseball also conducted its award ceremony tonight, revealing a handful of honors that are not decided by the writers.

Most notably, the league named Jacob deGrom and Ronald Acuña Jr. the respective Comeback Players of the Year. deGrom’s comeback from Tommy John surgery technically occurred at the end of the 2024 season. The two-time Cy Young winner made three late-season appearances last year. He took the ball 30 times this past season and worked to a 2.97 earned run average with 185 strikeouts across 172 2/3 innings. He earned his fifth All-Star nod and finished eighth in AL Cy Young balloting in his age-37 season.

Acuña bounced back from the second ACL tear of his career. The 2023 NL MVP had suffered the season-ending left knee injury on May 26, 2024. He made it back almost one year to the day later. The Braves activated Acuña from the injured list on May 23. He’d return to superstar form, hitting .290/.417/.518 with 21 homers in 95 games. Acuña went back on the injured list around the trade deadline with right Achilles tightness. He only missed a couple weeks and came back to hit .268/.402/.437 down the stretch despite an injury-riddled Atlanta team being well out of contention. It’s the second straight season in which a Brave was named NL Comeback Player of the Year. Chris Sale received that honor last season.

MLB announced a few other honors. Ohtani and Judge repeated as the respective Hank Aaron Award winners as the league’s best hitters. Ohtani yet again won the Edgar Martinez Award as MLB’s best designated hitter. Aroldis Chapman and Edwin Díaz won the respective Reliever of the Year honors. Díaz is free agency’s top reliever coming off a 1.63 ERA across 62 appearances. Chapman turned in a 1.17 ERA over 61 1/3 frames in what is arguably the best season of his fantastic career. He re-signed with the Red Sox on a $13MM deal in August. The BBWAA will reintroduce its own Reliever of the Year Award in 2026.

Brewers president of baseball operations Matt Arnold was named Executive of the Year for the second consecutive season. Milwaukee won an MLB-best 97 games and advanced to the NL Championship Series despite having an Opening Day payroll around $115MM. That was the eighth-lowest mark in the majors.

MLB also announced its 1st and 2nd teams. These are not league specific and are designed to honor the best players at each position. Those are as follows:

1st Team

2nd Team

Orioles Pursuing Prominent Pitching Upgrades, Open To Signing Qualifying Offer Recipients

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On the heels of a disappointing 2025 season, Orioles president of baseball operations Mike Elias is striking a much more aggressive tenor in his early media appearances this offseason than last. Baltimore’s baseball ops leader candidly acknowledged this week that he’s hopeful of adding a starter who can give his team “innings and front-half-of-the-rotation stuff” as well as a reliever “who has closer experience” (links via Andy Kostka of the Baltimore Banner and Jake Rill of MLB.com. Just as notably, Elias voiced that he is “fully prepared” to forfeit draft pick(s) to sign free agents who have rejected a qualifying offer.

It’s a notable departure from Baltimore’s 2024-25 offseason. The O’s made a multi-year offer to Corbin Burnes that wasn’t accepted. It’s not clear how many — if any — other free agents received multi-year offers from the Orioles.

Ultimately, Elias & Co. handed out almost exclusively one-year deals, signing Charlie Morton ($15MM), Tomoyuki Sugano ($13MM), Andrew Kittredge ($10MM), Gary Sanchez ($8.5MM), Ramon Laureano ($4MM) and Dylan Carlson ($975K) for the 2025 season. Outfielder Tyler O’Neill was the lone recipient of a multi-year guarantee, landing three years and $49.5MM. Even that deal came with an opt-out opportunity following the 2025 season.

O’Neill was not only the lone multi-year free agent signing for the Orioles last winter — he’s the only free agent Elias has signed to a multi-year deal in seven offseasons leading Baltimore’s baseball operations. For much of that time, the team has been rebuilding, which helps to explain the lack of a multi-year investment. Elias told Darragh McDonald in a recent guest appearance on the MLBTR Podcast that there’s no organizational aversion to multi-year free agent deals, they simply haven’t lined up on one during his tenure.

At least based on his early comments, Elias seems more resolute in his efforts to pursue higher-end talent. The O’s have a pair of notable arms in Kyle Bradish and the resurgent Trevor Rogers atop their rotation, but Rogers is a free agent next winter and Bradish only returned from Tommy John surgery this past summer. Voicing a preference to sign someone who can pitch in the “front half” of the rotation and expressing a willingness to punt draft picks both signal a more aggressive playbook this winter.

On the free agent side of things, the market has several interesting names. Dylan Cease, Framber Valdez, Ranger Suarez, Michael King, Brandon Woodruff and Zac Gallen all received qualifying offers. None are expected to accept. NPB star Tatsuya Imai will also be posted for MLB clubs, adding a 28-year-old wild card to the mix. Notably, Elias was the Astros’ scouting director when the team signed Valdez as an amateur in 2016. The two overlapped in Houston’s organization for a couple years.

On the trade side of the coin, there are a number of high-profile arms likely to be available. Much as it pains fans of pitching-hungry clubs, there’s minimal chance the Tigers will trade Tarik Skubal. The Brewers seem inclined to hang onto Freddy Peralta. Twins president Derek Falvey has said he plans to add to the roster until he’s told otherwise, which casts some doubt on the immediate availability of Joe Ryan and/or Pablo Lopez. But the market still includes names like MacKenzie Gore, Sonny Gray, Sandy Alcantara, Edward Cabrera and Mitch Keller, among others.

Broadly speaking, whether it’s via free agency or trade, there’s benefit in the Orioles adding a starter who’s controlled/signed beyond 2026. Rogers, as mentioned, is a free agent next winter. Righties Dean Kremer and Tyler Wells will be free agents after the 2027 season. There’s little doubting the pure talent of righty Grayson Rodriguez, but by the time Opening Day 2026 rolls around, he’ll be 20 months removed from pitching in a big league game. There’s very little long-term stability in the group.

As for the relief market, the number of qualified free agents is far lower. Devin Williams didn’t receive a QO from the Yankees. Robert Suarez didn’t get one from the Padres. Edwin Diaz was the only reliever tagged with a QO. That said, there are a number of a high-profile names from which to choose. Diaz, Suarez, Williams, Ryan Helsley, Raisel Iglesias, Kyle Finnegan and Pete Fairbanks all have extensive closing experience in the majors. If the preference is a one-year deal, 38-year-old Kenley Jansen keeps getting the job done even as he inches closer to his 40th birthday.

Whoever ends up emerging as the priority, payroll shouldn’t be an issue. The only players guaranteed anything beyond the 2026 season are O’Neill and catcher Samuel Basallo, who inked a long-term extension just days after making his MLB debut. They’re owed a combined $17.5MM in 2027. After ’27, Basallo’s eight-year, $67MM deal is the only contract on the books. It’d be a surprise to see the Orioles sign a high-end starter and a prominent reliever to multi-year deals, but only because they haven’t operated that way in quite some time. Payroll-wise, there’s no reason they couldn’t bring in a pair of prominent free agents.

Elias also suggested that the O’s will be on the lookout for an additional option in center field. While he praised Colton Cowser’s long-term outlook and expressed confidence that the 25-year-old (26 next March) can handle the position defensively, Baltimore’s president also noted that “you can’t get through the year with one center fielder.”

A reunion with Cedric Mullins seems unlikely, as he’ll presumably want everyday at-bats (or close to it) wherever he goes, while the O’s have O’Neill, Cowser and Dylan Beavers already in the mix for playing time, to say nothing of recently signed Leody Taveras and former top prospect Heston Kjerstad. Enrique Bradfield Jr., the No. 17 overall pick in 2023 and one of the system’s top prospects, reached Triple-A last year and could debut in 2026.

Part-time center field options on the market could include Lane Thomas, Harrison Bader or Chas McCormick, whom Elias drafted with the Astros back in 2017. Trade possibilities could include Arizona’s Alek Thomas or Colorado’s Brenton Doyle. If Twins ownership winds up pushing the front office to further scale back payroll, then not only would Lopez and Ryan be available — Byron Buxton may even be amenable to waiving his no-trade clause.

As always, this is far from an exhaustive list of targets for the Orioles or possibilities to fill those needs. In all likelihood, the O’s will be looking for multiple relievers, additional bench pieces and ample minor league depth in both the rotation and bullpen (at the very least). There’s been some suggestion that they could pursue a more prominent bat to hit in the middle of the lineup. The New York Post’s Jon Heyman called them a dark horse for Pete Alonso, noting that there’s “some interest” from the O’s. Be that as it may, it’d be a surprise if they did anything more than lurk on the periphery of his market to offer a soft landing if Alonso again struggles to find a long-term deal this winter.

Mets Interested In Cody Bellinger

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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

13 Players Receive Qualifying Offers

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Thirteen players have received a qualifying offer this year, reports Jeff Passan of ESPN. The list is as follows:

This year’s QO is valued at $22.025MM. All 13 players will have until Nov. 18 to decide whether to accept that one-year offer or decline and become a free agent. They can spend that time gauging the open market to determine interest in their services. If a player accepts the QO, he’ll be treated as a free agent signing and thus will be ineligible to be traded without his consent until June 15 of next year. If he declines, any team that signs him will be subject to draft and/or international bonus forfeitures, depending on its revenue-sharing and luxury tax status.

The bulk of the list was generally expected. Every recipient other than Torres and Imanaga was pegged as likely or a no-doubter to receive the QO on MLBTR’s annual lists of qualifying offer previews for position players and for pitchers. Torres was viewed as something of a long shot, at least on the MLBTR staff. He’s coming off a nice season in Detroit but struggled through a poor finish — perhaps in part due to injury — and wasn’t hit with a QO last offseason when coming off a comparable year at the plate in the Bronx.

Imanaga was listed as a borderline call on our preview as well. The Cubs declined a three-year, $57.75MM option on Imanaga last week. He subsequently declined a $15.25MM player option (which came with an additional player option at $15.25MM) — effectively opting out of a remaining two years and $30.5MM. The Cubs are banking on Imanaga also turning away one year at just over $22MM after turning down that remaining $30.5MM in guaranteed money.

The qualifying offer is determined each year by taking the average of the game’s 125 highest-paid players. We’ve already covered the penalties that each team would face for signing a qualified free agent, as well as the compensation each club would get for losing a qualified free agent to another team.

Among the notable free agents to not receive a qualifying offer are Lucas Giolito, Robert Suarez, Devin Williams and Jorge Polanco. Giolito might have received one had it not been for a late elbow issue that ended his season. Suarez has been excellent and just opted out of the remaining two years and $16MM on his contract, but he’ll be 35 next year. The Padres have been reducing payroll in recent seasons and likely didn’t want to risk Suarez locking in that weighty one-year sum. Williams would have received a QO with a typical season, but he struggled throughout much of the season’s first four months before a dominant finish. Polanco enjoyed a terrific rebound campaign but is 32 years old and was limited to DH work for much of the season due to ongoing injury issues.

The qualifying offer grants each of these free agents the chance at a notable one-year payday, though the majority of them will reject without much thought. Players like Tucker, Bichette, Schwarber, Valdez, Cease, Suarez and Diaz are likely to see comparable or larger (much larger, in Tucker’s case) salaries on multi-year deals in free agency. Even players like Grisham, who probably won’t land a $22MM annual value over multiple years, are still likely to reject. Major league free agents typically — though not always — prioritize long-term earning over short-term, higher-AAV pacts. A three- or four-year deal worth $14-16MM per year, for instance, is typically viewed as preferable to accepting one year at a higher rate.

There’s risk in declining the offer, of course. Teams are more reluctant to sign players who’ll cost them valuable draft picks and/or notable portions of their hard-capped bonus pool for international amateurs. Every offseason, there are a handful of free agents whose markets are weighed down by the burden of draft pick compensation. That typically applies to the “lower end” of the QO recipients. For top stars like Tucker, Bichette, etc. — draft/international forfeitures are simply considered the cost of doing business and don’t tend to have much (if any) impact on the player’s earning power.

Edwin Díaz Opts Out Of Mets’ Deal

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Right-hander Edwin Díaz has opted out of his deal with the Mets, reports Ken Rosenthal of The Athletic. He was still guaranteed two years and $38MM but will head to the open market in search of more. Díaz becomes the second premier closer to opt out on Monday, joining Robert Suarez.

Díaz signed a five-year, $102MM contract with the Mets following the 2022 season. A knee injury in the World Baseball Classic cost him all of 2023, but he returned to deliver elite results over the past two seasons, tallying 48 saves with a strikeout rate above 38%. Díaz earned his third All-Star nomination this past season.

New York acquired Díaz and second baseman Robinson Cano from Seattle in a December 2018 trade. He was coming off a league-leading 57 saves with the Mariners. Díaz’s first campaign with the Mets was rocky, as he scuffled to a 5.59 ERA over 58 innings. The underlying numbers (3.22 xERA, 3.07 xFIP) suggested he pitched better than the final results. Díaz got back on track in the shortened 2020 season, though the Mets’ last-place team didn’t afford him many save chances. He closed out exactly 32 games in each of the next two seasons. Díaz piled up 96 saves in his first four years with the Mets.

Díaz landed a nine-figure deal in his first taste of free agency. The 31-year-old enters a jam-packed reliever market that includes Suarez,  Devin Williams, Ryan Helsley, and Raisel Iglesias as the top options, plus a slew of capable veterans.

The Mets have a handful of internal options to replace Díaz if they aren’t able to re-sign him this time around. A.J. Minter is exercising his player option to remain with the team. He’s been solid when healthy, though he’s undergone season-ending surgery in consecutive years. Adbert Alzolay saved 22 games for the Cubs in 2023, but had Tommy John surgery in 2024 and missed all of the 2025 season.

Poll: Are The Mets Likelier To Re-Sign Pete Alonso Or Edwin Diaz?

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Coming off an epic collapse and a non-playoff season, there are plenty of questions facing the Mets heading into the offseason.  As the club explores ways to get better, however, they face a couple of big decisions just in regards to keeping two long-time roster staples in first baseman Pete Alonso and closer Edwin Diaz.  Alonso has already said he will be declining his $24MM player option for 2026 in order to re-enter free agency, and Diaz is widely expected to test the market as well by declining his player options for the 2026-27 seasons (as per the terms of Diaz’s deal, he must exercise or decline both options at once).

Many Mets fans will make the point that the club could or should just re-sign both players.  Money isn’t really an object for a team that has boasted record payrolls under Steve Cohen’s ownership, and Alonso and Diaz are each coming off big seasons.  For all of the Mets’ issues in 2025, Alonso and Diaz weren’t part of the problem — Alonso hit .272/.347/.524 with 38 home runs over 709 plate appearances, and Diaz recorded 28 saves while posting a 1.63 ERA and 38% strikeout rate over 66 1/3 innings.

Retaining either player, of course, comes with a few concerns.  The Mets and Alonso just went through this free agent dance last winter, as after a lack of interest from other suitors and a protracted series of negotiations with New York’s front office, Alonso settled for a two-year, $54MM deal with an opt-out clause after the first season.  Alonso’s goal of entering the market with a better platform season came to fruition, and he also won’t have the qualifying offer attached to his services this time, for any clubs concerned over giving up draft picks to sign him.

While Alonso’s numbers were decidedly better in 2025 than in 2024, the question of whether or not Alonso was still a top-tier bat wasn’t really one of the chief concerns facing the Mets or other free agent suitors last offseason.  Alonso is a right-handed hitting first base-only player, and the market simply hasn’t been too welcoming to such players in recent years, no matter how much pop is in their bats.  Speaking of defense, Alonso’s subpar glovework has him pointed towards a future as a DH, so any team signing the slugger will face the immediate question over how much longer they’re willing to deploy him at first base.  If Alonso projects as a one-dimensional player going forward, the fact that he’s entering his age-31 season means that he is one year closer to the end of his prime.

One plus in Alonso’s favor is his extreme durability.  Diaz is entering his age-32 season, and his health record includes a 2023 season entirely lost due to knee surgery, and a (minimal) stint on the 15-day injured list in 2024 due to a shoulder impingement.  While Diaz isn’t showing any signs of slowing down on the mound, there are also the natural concerns present when considering any bullpen arm for a long-term contract, given how inconsistent most relievers can be on a year-to-year basis.

Diaz’s knee injury obviously hadn’t happened at the time of his last foray into free agency, but larger concerns over his future performance didn’t weigh too heavily on the Mets’ minds in 2022 when the team quickly re-signed the righty to his five-year, $102MM deal soon after the free agent market opened.  Cohen was naturally the one making the final call on Diaz’s new contract, though it is worth noting that Billy Eppler was New York’s general manager at the time of that signing.

Current president of baseball operations David Stearns may well have a different view of Diaz’s value, which is why MLB.com’s Anthony DiComo feels that if the Mets only keep one of the two star free agents, “Alonso has a better chance of staying.”  Stearns has traditionally preferred to build his bullpens with relievers on shorter-term commitments, both when he was running the Brewers’ front office (and focusing more on inexpensive hidden-gem types) and during his two years in Queens (when working with a much larger payroll).

DiComo also observed that “just about everyone needs relief pitching,” so while perhaps only a few teams may be able to meet Diaz’s expected price tag, “Díaz is also likely to have at least as many suitors as Alonso.”  Diaz’s age is a factor in another sense here, as SNY’s Andy Martino points out that Diaz may view this trip to free agency as his “last bite at the apple at getting a huge contract.”  Despite the mutual interest between Diaz and the Mets in a reunion, he might not be able to resist taking the larger offer if a closer-needy team outbids the Mets in years.

Could it be possible that both Alonso and Diaz have played their last game in a Mets uniform?  This seems like perhaps the least-likely scenario, as then the Mets would have to add both first base and closer to an offseason shopping list that is already headlined by a severe need for starting pitching.  Technically, letting both Alonso and Diaz walk would free up more payroll room for the Amazins to splurge on rotation help, or for the club to pursue other quality first base or high-leverage relief that would come at lower price tags.  But, “payroll room” is probably not a big deal to a club with a more or less endless budget.  And, letting two fan favorites go in the same offseason might not appeal to a Mets fanbase that is already upset over the disappointment of 2025.

What do you think will happen with the Mets and these two big free agent decisions? Vote now in our poll.

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