Peralta Seeking “Seven Or Eight” Years In Extension Talks
The Mets paid a fairly significant prospect price to acquire ace Freddy Peralta from Milwaukee in January. A bargain $8MM salary was a big part of his trade value. The Mets surely have some interest in keeping the impending free agent in Queens at what would be significantly higher prices beyond this year.
Although Peralta has expressed openness to extension talks, he’s targeting the kind of contract which the Mets have mostly avoided under president of baseball operations David Stearns. Peralta told Ken Rosenthal of The Athletic earlier this week that he was looking for a long-term deal. He was more specific on Friday, telling Jon Heyman of The New York Post he’s seeking “seven or eight years.”
It’d be surprising if the Mets go to that length, at least before Peralta hits the open market. As shown on MLBTR’s Contract Tracker (available to Front Office subscribers), the Mets haven’t signed a pitcher for more than three years since Stearns was hired in 2023.
Last winter’s three-year, $75MM deal with Sean Manaea is their only pitching contract beyond two seasons. They reportedly made a 12-year offer to Yoshinobu Yamamoto, but he was an ace coming over from Japan at age 25. It has been a similar setup on the position player side. They were willing to do essentially whatever it took to sign Juan Soto, but they’ve otherwise pursued short-term deals at huge annual rates with their free agent targets.
Stearns has traded for Peralta twice and signed him to a bargain early-career extension when he was running baseball operations in Milwaukee. He understandably loves the player and clearly appreciates what he brings to the clubhouse.
That said, Peralta would be a more typical high-end free agent than a nearly unique case like Soto or Yamamoto. He turns 30 in June, so the first year of an extension or free agent deal would be his age-31 season. He’s an excellent pitcher but is a clear notch below the likes of Tarik Skubal and Paul Skenes as the best arms in MLB.
Last season’s fifth-place Cy Young finish was the first time in Peralta’s career that he appeared on ballots. He’s coming off a career-low 2.70 earned run average through 176 2/3 innings. He ranked 11th among starters (minimum 120 innings) with a 28.2% strikeout rate. Peralta hasn’t missed a start in three seasons and ranks 15th in innings pitched during that time.
There’s some recent precedent for a seven-plus year deal with that profile. Aaron Nola commanded seven years and $175MM from the Phillies at the same age in 2023. Nola was extremely durable but didn’t throw as hard as Peralta does and had started to struggle with the home run ball.
Dylan Cease pulled seven years and $210MM (albeit with deferrals dropping the actual value closer to $185MM) from the Blue Jays last offseason. Cease throws a little harder and misses a few more bats than Peralta does, but his start to start efficiency was lacking. Max Fried is the only pitcher in his 30s to sign for eight years within the past decade. He got to $218MM from the Yankees as a lefty with plus stuff who hadn’t allowed an ERA higher than 3.25 in any of the five seasons preceding free agency.
Peralta fits in that group on talent. The difference between his current situation and the aforementioned trio is that he’s still a year away from the open market. Walk year extensions for Luis Castillo and José Berríos landed south of $150MM. Peralta presumably isn’t looking for an annual value in the low $20MM range simply to stretch the length of the contract.
Rosenthal reported on Monday that the sides had yet to seriously broach an extension. They’ll likely have those conversations within the three weeks leading up to the start of the regular season. Whether there’s a long-term deal in place or not, Peralta will make his team debut on Opening Day. Skipper Carlos Mendoza made that unsurprising announcement last week. They’ll host the Pirates (who’ll surely turn the ball to Skenes) in a marquee pitching matchup.
Latest On Mets, Freddy Peralta
The Mets and right-hander Freddy Peralta still haven’t had any serious extension talks, reports Ken Rosenthal of The Athletic. The report suggests the talks will likely ramp up at some point but the two sides will likely have different priorities. President of baseball operations David Stearns has shown a preference for short-term agreements with pitchers but Peralta tells Rosenthal he would prefer to sign a long-term pact.
Almost as soon as the Mets acquired Peralta in January, speculation began about the club potentially signing him to an extension. Stearns already traded for and extended Peralta once, when he was with the Brewers. Now Peralta is just one season away from that extension ending, as he’s slated for free agency after the 2026 campaign.
Despite the logic, it was quickly reported after the trade that the Mets wouldn’t be rushing anything. They planned to let Peralta get comfortable with his new club for a while. That means it’s not really too surprising that the Mets haven’t yet made a hard push. Some players prefer not to negotiate contracts during the season, though it’s unclear if Peralta has any such preferences.
Whenever talks do get more serious, it’s notable that Peralta and the Mets are potentially starting out with different goals. “I would prefer to go long and make sure I’m going to be in the place where I want to finish my career,” Peralta says to Rosenthal.
That’s in contrast with the general approach of Stearns as a baseball operations leader. As shown in MLBTR’s Contract Tracker, he has avoided long-term deals for pitchers, both during his time with the Brewers and now with the Mets. He did give five-year extensions to Peralta and Aaron Ashby during is time in Milwaukee, but those deals were for pitchers in their mid-20s. Other than those two early-career extensions, he hasn’t signed a pitcher to a deal longer than three years. Even though he’s now working with one of the largest payrolls in the league, Sean Manaea‘s $75MM deal is the largest guarantee Stearns has given to a pitcher. Rosenthal mentions that the Mets did offer a 12-year deal to Yoshinobu Yamamoto, but that was a special case since he was only 25 years old at the time.
Peralta will turn 30 in June and will therefore be going into his age-31 season when he is a free agent. Getting a lengthy deal at that age should be possible for Peralta if he has another strong season. Last offseason, Max Fried got an eight-year deal going into his age-31 campaign. The prior winter, Aaron Nola got seven years ahead of his age-31 season. Dylan Cease is going into his age-30 season, so he is a year younger than Peralta will be in that sense, but his birthday is in December. Peralta’s birthday is in June, so it will only really be a difference of about six months.
In terms of the guarantees, Fried got $218MM, Cease got $210MM and Nola got $172MM. Cease’s deal had notable deferrals, putting the net present value in the $180-185MM range. Peralta has an argument to get into that range next winter, especially when comparing him to Cease.
Over the past five seasons, Peralta has thrown 738 1/3 innings with a 3.30 earned run average, 29.6% strikeout rate and 9% walk rate. In that same span, Cease took on a bigger workload of 884 innings but a higher ERA of 3.72. Cease’s 29.7% strikeout rate was a near match for Peralta’s, with Cease having a higher walk rate of 9.7%. Peralta’s 37.7% ground ball rate was marginally higher than Cease’s 37% clip.
If Peralta is looking to get something resembling the Cease deal, Stearns would have to go to new territory to keep him with the Mets. A deal in that range would require Stearns to more than double his previous high water marks, both in terms of length and guarantee. Perhaps he is willing to buck his previous tendencies since he clearly loves Peralta.
Peralta would be taking on some risk in not signing now, as it’s always possible for a pitcher to get hurt. Perhaps there’s some middle ground that could work for both parties now, where Peralta doesn’t fully max out his earnings by going to free agency next winter, but still locks in a really significant guarantee.
Photo courtesy of Reinhold Matay, Imagn Images
MLBTR Podcast: Examining MLB’s Parity Situation – Also, Bellinger, Peralta, Robert, And Gore
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, host Darragh McDonald is joined by Tim Dierkes of MLB Trade Rumors to discuss…
- Tim’s recent post looking at MLB’s economics and issues of parity (1:20)
- The possibility of a salary cap coming into existence at some point in the future (5:25)
- Comparing the salary cap path to alterations to the current revenue sharing system (8:40)
- The public relations battle with fans knowing all about players and their salaries but not necessarily knowing so much about the owners and their finances (17:35)
- Is there any hope of the owners working out some new revenue sharing arrangement? (20:45)
- Are deferrals a massive problem or is the Shohei Ohtani deal just an extreme outlier that had led to increased angst? (26:50)
- What kind of compromise are we likely to get in the next collective bargaining agreement? (32:45)
- The Yankees re-signing Cody Bellinger (37:35)
- The Mets acquiring Freddy Peralta from the Brewers and Luis Robert Jr. from the White Sox (47:20)
- The Brewers‘ end of the Peralta trade (53:20)
- The White Sox‘ end of the Robert deal (56:15)
- The Rangers sending five prospects to the Nationals to acquire MacKenzie Gore (1:02:00)
Check out our past episodes!
- What The Tucker And Bichette Contracts Mean For Baseball – Also, Nolan Arenado And Ranger Suarez – listen here
- The Cubs Land Cabrera And Bregman, Remaining Free Agents, And Skubal’s Arbitration Filing – listen here
- Contracts For Imai And Okamoto, And Thoughts On The Pirates And Giants – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Photo courtesy of Michael McLoone, Imagn Images
Twins Notes: Peralta, Jeffers, Bullpen
Entering the offseason, most expected the Twins to continue the July fire sale that saw them trade 11 players for a combination of salary relief, prospects and controllable young big leaguers. Instead, after finalizing the addition of three new minority stakeholders, ownership gave president of baseball operations Derek Falvey and his staff at least some modest resources to add to a stripped-down payroll. That’s resulted in free-agent pickups of Josh Bell, Victor Caratini and, most recently, Taylor Rogers. (The latter two of those signings have not yet been made official.)
Minnesota at least looked into one far more notable swing, it seems. Ken Rosenthal of The Athletic reports that the Twins were among the teams to show some late interest in now-former Brewers ace Freddy Peralta before Milwaukee traded him to the Mets.
Given Peralta’s status as a one-year rental, it’s clearly a surprising fit. The Twins have made some relatively small additions but don’t stand as a clear contender, even in a perennially weak AL Central division. That said, Peralta’s $8MM salary would fit into even their stripped-down budget, and the Twins have a plethora of MLB-ready young arms as well as a glut of young outfielders who have either already made their MLB debut or are on the cusp of MLB readiness. Acquiring Peralta would’ve boosted their chances in the Central. Peralta could’ve been shopped again at the deadline had the season not gone their way, and he’s a clear qualifying offer recipient who’d net a team a compensatory pick upon rejecting.
It’s not clear how aggressively Minnesota pursued the idea, but it’s of at least minor note that they even looked into the possibility. The trade market has been largely picked over, particularly with MacKenzie Gore coming off the board in yesterday’s trade with the Rangers, but even faint Peralta interest suggests that the Twins could look into other moves on the buyers’ side of the trade spectrum.
Further reinforcing the idea that subsequent moves will be geared toward improving, catcher Ryan Jeffers said in a recent appearance on the Inside Twins show (video link) that management kept him apprised of how things were developing throughout their pursuit of Caratini. At first glance, the Caratini signing would seem to make Jeffers, a free agent next winter, a possible trade candidate. Jeffers suggests that management indicated otherwise to him.
“Before all that happened, I had conversations [with management telling me] ‘Hey, this might happen,’ and just reassuring me that my role as the guy who’s going to catch 100-plus games is not going to change,” Jeffers told host John Vittas. I’m excited to go back there and really get a full season in. Throughout my career, I’ve split time with a lot of guys, and I’m excited to catch a full workload and also be joined by a guy (Caratini) who’s been in the game for eight-plus years and has a lot of experience, has won a lot of games and has been with some organizations that have played really good baseball.”
Jeffers, 28, has quietly been one of the better-hitting catchers in the league over the past three seasons, hitting a combined .254/.338/.434 (117 wRC+) in 1264 plate appearances. A fair portion of that time has come at designated hitter while others handle the work behind the plate — veterans Christian Vazquez and Mitch Garver among them. Jeffers has never caught more than 88 games in a season, but the Twins have indeed signaled that the plan for him is to be behind the plate more often in 2026.
Caratini, of course, still figures to see plenty of time behind the plate. Even if the plan is for Jeffers to catch 100 to 110 games, that’d leave ample time at catcher for Caratini and Alex Jackson, who’s also on the 40-man and out of minor league options. Caratini has experience at first base and could log some DH reps himself, and he provides a nice fallback for the Twins in 2027 if Jeffers departs as a free agent. In that instance, Caratini could help to serve as a bridge to top prospect Eduardo Tait, whom the Twins acquired in last summer’s Jhoan Duran blockbuster with the Phillies.
While the Twins might not be making a full-fledged push for contention — they’re still going to end up with payroll that’s more than $20MM shy of last year’s $135MM mark, in all likelihood — it sounds as though there will still be some additions on the horizon. Rogers adds a veteran arm to the bullpen, but there’s still room for more additions. Rogers, Cole Sands, Justin Topa and Kody Funderburk are the only Minnesota relievers with even one year of major league service time.
Bobby Nightengale of the Minneapolis Star Tribune suggests that Rogers could be the first of multiple bullpen additions in the near future. Falvey told Nightengale and others that the Twins have been talking with multiple relievers. “We’re close to being able to add some guys that we think will fill out some experience in that group, but we’re going to need some young guys to step up,” Falvey said.
The Twins had at least some contact with right-hander Seranthony Dominguez before he landed with the White Sox on a two-year deal today. The open nature of their bullpen mix would make them an appealing destination for rebound candidates seeking opportunity at late-inning spots. Speculatively speaking, names like Michael Kopech, Liam Hendriks, Jose Leclerc and Drew Smith could see an unsettled Twins bullpen as an appealing opportunity where they’ll be afforded some leash to get back on track after recent injury troubles. Regardless of specific targets, it seems quite likely that Rogers won’t be the lone bullpen addition the Twins make between now and Opening Day.
Mets Notes: Peralta, Senga, Benge
The Mets acquired right-hander Freddy Peralta from the Brewers earlier this week, which led to immediate speculation about his new club potentially pursuing an extension. That probably won’t happen right away, however. Tim Britton and Will Sammon of The Athletic reported earlier this week that the club plans to give Peralta some time to get comfortable with his new club. President of baseball operations David Stearns later addressed the media via videoconference and his comments matched that reporting.
“I’m not going to speculate on that Day 1 here,” Stearns said of the extension possibility, per Jorge Castillo of ESPN. “We’ll let Freddy get acclimated to the organization. And, you know, any conversations that we may have or have in the future I think we’re going to do our best to keep private and not talk about publicly.”
The reason Peralta was traded away from Milwaukee is that the Brewers generally don’t spend at a level to keep their best players. Guys like Josh Hader, Corbin Burnes and Devin Williams have all been traded in recent years as they reached free agency. Peralta ended up going down the same road but his new club has far deeper pockets than his previous team.
Stearns is very familiar with Peralta and is clearly fond of him. He already signed him to an extension once, when both were with the Brewers back in 2020. This week, Stearns surrendered a couple of notable prospects by sending Jett Williams and Brandon Sproat to Milwaukee in order to reunite with Peralta and acquire Tobias Myers.
Now that Stearns has access to more financial resources, he would presumably love to get Peralta to sign on the dotted line again. Based on this week’s scuttlebutt, it seems there won’t be a rush to get that done. Spring training is a common time for extension talks to take place, so maybe more news will trickle out in the next couple of months. In-season extensions are rare but not totally unprecedented. If Peralta gets to the end of 2026 healthy and without a deal in place, he would be a lock to receive and reject a qualifying offer on his way to free agency.
Stearns also addressed a couple of other players on the roster in a sit-down with team reporter Andy Martino. In that interview, Stearns says that outfield prospect Carson Benge still has a chance to break camp with the team even after the Luis Robert Jr. acquisition and that Kodai Senga is expected to be in the rotation.
Back in November, Stearns said that Benge would have a chance to make the team. Not long after making those statements, the Mets opened up a big hole in their outfield by trading away Brandon Nimmo for second baseman Marcus Semien. They then made a spirited effort to sign Kyle Tucker, offering him a four-year deal with a heavy average annual value, but he accepted a similar offer from the Dodgers. The Mets then pivoted and acquired Robert from the White Sox via trade.
After the shuffle, there’s still a path for Benge. The Mets currently project to have Juan Soto in right and Robert in center. At the moment, Benge would seemingly be battling with Tyrone Taylor for the job in left. Taylor is a light hitter but a strong defender, so he would ideally be pushed into a fourth outfielder role by Benge taking the left field job. And given Robert’s history, there’s a decent chance of Taylor ending up getting regular playing time in center as well.
Benge has no major league experience yet and isn’t on the 40-man roster. His Triple-A work is also short and unimpressive, though he was perhaps unlucky there. He began last year at High-A and tore through that level as well as Double-A, slashing a combined .308/.413/.513 for a 174 wRC+ at those two stops while playing all three outfield positions. He finished his 2025 with a .178/.272/.311 slash at Triple-A, though that was in a tiny sample of 103 plate appearances, during which he had a .188 batting average on balls in play.
The Mets are showing a good amount of faith in Benge by leaving a door open for him, even after he put up those rough numbers in Triple-A. If he doesn’t perform in the spring, they have a few fallback options in addition to Taylor. Brett Baty no longer has a position after the Bo Bichette signing and could end up out in left field. Vidal Bruján and Jared Young are infielder/outfielders on the roster. Cristian Pache and Ji Hwan Bae are non-roster options. The Mets may add to that group but it may be more depth additions if they want Benge to still have a path.
As for Senga, he looked dominant in 2023 when he posted a 2.98 earned run average but hasn’t been as much of a sure thing since then. He missed most of 2024 due to injury. Last year, he struggled enough to get optioned to the minors in September. He then popped up in some trade rumors this offseason but is still on the roster. Assuming Stearns is being forthright in his recent comments, Senga will have a rotation job when the season begins.
As of now, the rotation candidates include Peralta, Nolan McLean, David Peterson, Clay Holmes, Sean Manaea and Senga. McLean still has options but it would be quite surprising if the Mets sent him down, given how he dominated in his first eight big league starts. If everyone stays healthy, then the Mets may need to run a six-man rotation or bump someone to the bullpen.
Holmes was a reliever prior to last year and could return to that role but he had a pretty good season as a starter, posting a 3.53 ERA. Manaea and Peterson have occasionally been bumped to long relief roles and could perhaps do so again. A six-man rotation would keep all the starters a bit more fresh but would leave the Mets with a seven-man bullpen, given the 13-pitcher roster limit.
This would only really be an issue for as long as everyone is healthy, which doesn’t happen very often in today’s game. If multiple injuries arise, Myers, Jonah Tong, Christian Scott and others are on the roster and should be ready to step up.
Photo courtesy of Michael McLoone, Imagn Images
Brewers Trade Freddy Peralta To Mets
The Mets make another splash, acquiring All-Star starter Freddy Peralta and swingman Tobias Myers from the Brewers for prospects Jett Williams and Brandon Sproat. The teams announced the blockbuster trade on Wednesday night. New York designated right-hander Cooper Criswell for assignment in a corresponding move.
After losing out on Kyle Tucker, the Mets have signed Bo Bichette and traded for Luis Robert Jr. and Peralta. Tonight’s move is arguably the biggest of the three, as Peralta gives them a legitimate #1 starter atop what had been a talented but volatile rotation. He’s coming off a career season that landed him fifth in NL Cy Young balloting.
Peralta set a career mark with 176 2/3 innings while managing a personal-best 2.70 earned run average. He punched out 28.2% of opponents behind a near-13% swinging strike rate while issuing walks at a 9.1% clip. Peralta’s underlying marks have been consistently strong over his five seasons as a full-time starter. He misses bats at a plus rate with solid command. He had been a little susceptible to the longball between 2023-24, which elevated his ERA slightly (3.77) over that span. A dip in homer rate was the biggest factor in last year’s results, but estimators like FIP and SIERA feel he has been more or less the same pitcher five years running.
The 6’0″ righty challenges hitters with his fastball, a 94-95 MPH offering that plays up because of its plus spin and life. He backs that up with a changeup that he’ll throw to hitters of either handedness and a pair of breaking balls (though he only uses his slider against righties). His willingness to attack hitters up in the zone with the fastball leads to a fly-ball approach and the occasional home run, but it’s a worthwhile tradeoff for the few baserunners he’ll allow. Opposing hitters have mustered a .210/.288/.367 batting line over the past three seasons.
Peralta also brings an excellent durability track record to stabilize a rotation that was light on established innings sources. He hasn’t required a single stint on the injured list in three years. He’s tied for fifth with 95 starts and ranks 15th with 516 innings over that stretch. Only Dylan Cease and Zack Wheeler have more strikeouts in that time. Peralta and Cease are the only pitchers to record 200+ strikeouts in each of the past three seasons. He battled some shoulder issues in 2021-22, including a lat strain that limited him to 18 appearances four years ago, but his recent health record has been clean.
Mets president of baseball operations David Stearns knows Peralta well from his time running baseball operations with Milwaukee. He’s probably the best starting pitcher who’ll get traded this offseason, so the Mets would surely have been involved even without that connection, but the familiarity only made him a more natural fit. Stearns also brought back closer Devin Williams on a three-year free agent contract as his biggest bullpen move of the winter.
The Stearns-led front office wisely locked Peralta up on an extension before his breakout. Peralta had been an unheralded amateur signee by the Mariners whom the Brewers acquired as one of three prospects in an Adam Lind trade when he was in rookie ball. He worked in a swing role with mixed results over his first two seasons. Milwaukee secured him on a $15.5MM guarantee with a pair of $8MM club options over the 2019-20 offseason. It almost immediately became one of the sport’s most team-friendly contracts.
Peralta is headed into the final season of that deal and playing on the second of those $8MM options. The Mets will happily pick up that salary and the associated $8.8MM luxury tax hit. RosterResource projects them for a $365MM competitive balance tax payroll. They ended last season with $347MM in CBT commitments and paid another $91.6MM in taxes.
This is much more affordable from a salary perspective than were the Bichette and Robert acquisitions, though the pitcher is less than a year from a monster payday of his own. He’s on track to hit free agency before his age-31 season and could command the second-largest contract in the class after Tarik Skubal. He’s a lock to reject a qualifying offer barring a major injury. The Mets would receive a compensation pick after the fourth round in ’27 if he walks. As a revenue sharing recipient, Milwaukee would’ve gotten a pick after the first round had they kept him (assuming he signed elsewhere for $50MM+).
The Mets will presumably make an effort to keep him long term, but the main focus is on 2026. Peralta slots ahead of touted rookie Nolan McLean at the top of the staff. Sean Manaea, Clay Holmes, David Peterson and Kodai Senga are also penciled into what could be a six-man rotation — though the latter two have come up in trade rumors this offseason. Jonah Tong didn’t dominate the way McLean did after a late-season promotion, but he’s a top prospect who’ll be in the mix. They’re getting another touted arm, Christian Scott, back from elbow surgery.
Myers projects for a swing role but is likely to make some starts over the course of a 162-game season as well. The 27-year-old righty is more than a throw-in addition, as he has pitched well for Milwaukee over the past two years. Myers held a rotation spot for the majority of the ’24 season. He started 25 of 27 games as a rookie and posted an even 3.00 earned run average through 138 innings. He recorded a solid 22.3% strikeout rate while limiting his walks to a 6.3% clip.
An oblique strain sidelined Myers to open last season. The Brewers activated him in late April but optioned him to Triple-A after a handful of shaky appearances. Myers was up and down in a swing role for the remainder of the season. He was mostly squeezed out of the rotation by Milwaukee’s bigger arms, but he pitched well in the second half and finished the year with a 3.55 ERA across 50 2/3 frames. He had similar numbers over 12 starts with Triple-A Nashville.
Myers works in the 93-94 MPH range with his fastball. He uses a cutter and slider as his breaking balls and tweaked his changeup to more of a splitter midway through last season. The pitch got good results in a small sample, as opponents hit .108 while swinging through it almost 40% of the time. That should give him a better offering against left-handed hitters after he struggled with southpaws as a rookie.
The righty has between one and two years of service time. He won’t reach arbitration for another two seasons and is under club control through 2030. He has a minor league option remaining, which gives the Mets flexibility to move him between MLB and Triple-A Syracuse.
The Brewers deserve credit for helping Myers develop into a serviceable back-end starter. He’d once been a reasonably well-regarded prospect — Cleveland regrettably traded Junior Caminero to the Rays for him when the slugging infielder was in rookie ball — but he’d seemingly hit a wall in the upper minors. Milwaukee added him as a minor league free agent over the 2022-23 offseason, and he’s now a secondary but meaningful part of a trade that netted them a pair of top prospects.
Williams and Sproat each placed on the back half of Baseball America’s Top 100 prospects list, which was released this morning. BA had Williams as the slightly more highly regarded of the two, but they’re essentially within the same tier. Williams is a right-handed hitter whom the Mets took in the first round out of a Dallas-area high school in 2022. He’s on the shorter side at 5’7″ but has plus athleticism and an up-the-middle defensive profile. Scouts credit him with plus speed and a strong arm with more power than one might expect based on his size.
That athleticism was on display in the upper minors. Williams combined for 17 homers and 34 stolen bases while hitting .261/.363/.465 across 572 plate appearances. He looked no worse for wear after a right wrist surgery had cost him a good chunk of the ’24 season. Williams raked at a .281/.390/.477 clip in Double-A. He struggled after a second half promotion to Triple-A, where he hit .209 with a .285 on-base percentage across 34 games. That’s not a huge concern for a 21-year-old who would have been young for the level even if he’d spent the entire season in Double-A.
Williams is a patient hitter who has worked a lot of walks in the minors. Although big league pitchers will be better positioned to attack the smaller strike zone, he has the makings of a potential top-of-the-lineup spark plug. Williams has played mostly shortstop and has experience at second base and in center field. He’s likely to begin the season at Triple-A Nashville and could challenge Joey Ortiz or Garrett Mitchell/Blake Perkins for playing time midway through the season.
Sproat, 25, is a big league ready rotation option. A second-round pick out of the University of Florida in 2023, he debuted as a September call-up. The 6’3″ righty made four starts, giving up 11 runs across 20 2/3 innings. Sproat otherwise spent the season in Triple-A, where he worked to a 4.24 ERA across 121 frames. He fanned 22.1% of opponents while issuing walks at a slightly elevated 10.4% clip. He has a six-pitch mix and works in the 96-97 MPH range on his sinker and four-seam fastball.
Baseball America’s scouting report credits Sproat with a plus changeup and slider. They write that he has the upside of an average or better starter, albeit with some relief risk based on his average control. He’s not as highly-regarded as McLean or Tong, but it’s not surprising the Mets weren’t willing to part with either of those prospects for a rental. McLean seems categorically untouchable. Michael Marino reported that Milwaukee had tried to involve Tong in discussions on Peralta but were quickly rebuffed. They then turned to a Williams/Sproat framework. It seems they needed to part with Myers to push the deal over the top.
Milwaukee wasn’t going to move Peralta without landing a strong prospect return. His salary was affordable enough that they didn’t need to trade him for salary relief. They certainly weren’t going to re-sign him, though, and it’s their usual operating procedure to hear clubs out on veteran stars who are approaching free agency. It doesn’t make a trade inevitable — they held Willy Adames and let him walk for a compensatory draft pick — but Peralta joins Josh Hader, Corbin Burnes and Williams as recent stars traded within a year or two of reaching the open market.
The Brewers never go into a full rebuild. They’re coming off a 97-win season and advanced to the NLCS. They’ll expect to compete for a fourth consecutive NL Central title. Milwaukee won the division in ’24 after the Burnes trade, which was the most direct parallel for their decision on Peralta. They also landed two prospects in that deal, Ortiz and left-hander DL Hall, who were borderline Top 100 talents who were at the MLB level. Williams and Sproat are probably a little more highly-regarded than the players they got in the Burnes trade, though their deal with Baltimore also included a competitive balance draft pick and didn’t involve the secondary piece in Myers.
Brandon Woodruff will slot atop the rotation after accepting the qualifying offer. Quinn Priester, Jacob Misiorowski, Logan Henderson, Chad Patrick, Robert Gasser and Sproat could all battle for jobs. The Brewers haven’t closed the door on giving Angel Zerpa or Aaron Ashby rotation looks, though they’re each likelier to end up in relief. President of baseball operations Matt Arnold acknowledged that getting Woodruff back made them more comfortable parting with Peralta (relayed by Curt Hogg of The Milwaukee Journal-Sentinel).
There’s a lot of upside with this group, but they’ll probably need to dip into the lower tiers of free agency for a back-end arm to provide innings. RosterResource projects their payroll around $126MM, roughly $11MM north of where they began the ’25 season. They should nevertheless be able to sign a starter for a few million dollars as Spring Training approaches. They wouldn’t have issued the QO to Woodruff if ownership weren’t willing to approve at least a slight payroll bump.
Milwaukee fans are familiar with the churn, but it’s surely a blow to lose another homegrown star and fan favorite. Peralta was third in franchise history in strikeouts and eighth in wins. He’s a two-time All-Star who has been a part of seven playoff teams over the past eight years. He’s out of the division but anchoring the rotation for what looks to be one of their top competitors in the National League.
Michael Marino first reported that the Brewers and Mets were discussing Peralta for Williams and Sproat. Pat Ragazzo of Sports Illustrated indicated talks were accelerating, while Jeff Passan of ESPN first had the agreement. Joel Sherman of The New York Post reported Myers’ inclusion. Respective images courtesy of Benny Sieu, Michael McLoone, Sam Navarro and Brad Penner — Imagn Images.
Mets, Brewers In Conversations About Freddy Peralta
The Mets and Brewers are in discussions about star right-hander Freddy Peralta, according to reports from Pat Ragazzo of Sports Illustrated and Jon Heyman of The New York Post. There’s no deal in place, but The Post’s Joel Sherman characterizes talks as “serious.” Ragazzo adds that middle infield/center field prospect Jett Williams has come up in conversations.
This morning, Michael Marino reported that Milwaukee was looking to acquire Williams and rookie right-hander Brandon Sproat in a Peralta deal. According to Marino, the Mets rebuffed earlier interest from the Brew Crew in top pitching prospect Jonah Tong. Meanwhile, Sherman adds that swingman Tobias Myers would likely head from Milwaukee to Queens if a deal gets across the finish line.
Peralta has been a top target for teams in need of rotation help. He’s coming off a fifth place Cy Young finish behind 176 2/3 innings of 2.70 ERA ball. The Mets have been in the rotation market all offseason but haven’t been keen on making long-term free agent commitments. President of baseball operations David Stearns reiterated this morning that he still hoped to add a starter (link via Jorge Castillo of ESPN).
Padres Have Shown Interest In Freddy Peralta
Brewers right-hander Freddy Peralta is not a lock to be traded but plenty of other clubs are interested. He’s already been connected to the Astros, Giants, Mets, Orioles, Red Sox, Yankees, Dodgers and Braves this offseason. Today, Ken Rosenthal of The Athletic writes that the Padres have checked in with the Brewers while Katie Woo of The Athletic reports that the Dodgers remain engaged.
The widespread appeal is understandable as Peralta is both good and cheap. Dating back to the start of 2021, he has given the Brewers 738 1/3 innings, allowing 3.30 earned runs per nine. His 9% walk rate in that time was close to league average while he struck out a big 29.6% of batters faced. He just wrapped up a 2025 season in which he posted a 2.70 ERA with a 28.2% strikeout rate and 9.1% walk rate.
Milwaukee signed Peralta back in 2020, before he was established as a viable big league starter. That deal turned into a massive win for the Brewers, as it was only a $15.5MM guarantee over five years. It also included $8MM club options for 2025 and 2026. By the time those options rolled around, they were obvious bargains and picked up without hesitation.
That salary on a one-year commitment is very appealing for all teams. The top starting pitchers often make in the range of $25MM to $45MM annually on multi-year deals. This offseason has seen Dylan Cease, Ranger Suárez and Michael King land average annual values in the $25-30MM range. In short, Peralta’s deal is a steal.
That makes him very appealing to all clubs. For big spending teams, Peralta is a theoretical rotation upgrade without the big contract. Most of the top spenders are also facing huge tax bills, in many cases more than doubling the cost of signing any free agent. For teams with payroll crunches, it’s also obviously helpful to be able to get a top arm without a big price.
It also makes Peralta valuable for the Brewers, who are never big spenders. But the fact that Peralta is nearing free agency puts them in a tricky spot. Their low payrolls usually make it hard for them to sign their players for the long term, which can lead to them being traded as free agency nears.
In recent years, players like Corbin Burnes and Josh Hader have been traded as their respective windows of control were shrinking. But with Willy Adames, Milwaukee decided to hold onto him until he hit the open market. They collected compensation in the form of an extra draft pick after he rejected a qualifying offer and then signed with the Giants.
Peralta could go either way. President of baseball operations Matt Arnold downplayed the trade possibility back in November but the club is also reportedly concerned about its payroll. Earlier this month, they were one of nine teams who terminated broadcast deals with Main Street Sports. It’s possible they could negotiate a new deal or pivot to having MLB handle things but they will almost certainly bring in less broadcast revenue in 2026 compared to the year prior.
Trading Peralta wouldn’t save the Brewers a ton of money but it would allow them to theoretically bolster other areas of the roster without having to spend on free agents. However, no offer has compelled them to pull the trigger yet, with pitchers and catchers set to report to spring training in less than three weeks.
The Padres make a lot of sense as a landing spot for Peralta. Rotation depth was a concern for them throughout 2025 and then they lost Cease and King to free agency at season’s end. Shortly thereafter, Yu Darvish underwent UCL surgery, ruling him out for the entire 2026 campaign.
They have since brought back King but further bolstering the rotation would make sense. Currently, they project to have King, Nick Pivetta and Joe Musgrove in three spots, followed by a cluster of potential depth options including Randy Vásquez, JP Sears, Kyle Hart and Matt Waldron.
Even within that group, there are notable questions. King is coming off a season impacted by injuries. Pivetta has been in some trade rumors due to his back-loaded contract. Musgrove will be coming back from missing 2025 recovering from Tommy John surgery. Vásquez had a nice 3.84 ERA last year but just a 13.7% strikeout rate. Sears, Waldron and Hart all had poor seasons.
Adding to that group makes sense but the Friars have seemingly been walking a financial tightrope for a few years. Their payroll peaked in 2023 but the offseasons since then have seen them trying to work around an apparent lack of spending capacity. That seemed to motivate the Juan Soto trade two offseasons ago. Last winter, they were able to sign Pivetta but with an unusual structure. It was $55MM over four years but with just a $3MM signing bonus and $1MM signing bonus in the first year.
RosterResource projects the payroll for $220MM next year, which is a bit above last year’s spending. The competitive balance tax figure is pegged at $262MM, above the base threshold of $244MM. The Padres reset their tax status in 2024 but paid the tax last year. That means they would be second-time payors in 2026, which leads to a 30% base tax rate. Going above $264MM would increase the tax rate to 42% on spending beyond that line.
That presumably makes the Padres at least somewhat unwilling to spend big on a free agent like Framber Valdez, Zac Gallen or Chris Bassitt. Rosenthal writes that their preferred spending range is $8MM to $12MM and he floats Nick Martinez, Lucas Giolito and Justin Verlander as guys who could theoretically fall to that range.
Though Peralta’s $8MM salary would undoubtedly be appealing, especially if they move Pivetta and his $19MM salary in 2026, the Brewers would want something notable in return. Subtracting from the big league roster would be counterproductive and the Padres have also traded away a large number of prospects in recent years, including sending top prospect Leo De Vries to the Athletics in last year’s Mason Miller deal. Lining up on a deal with Milwaukee may be tricky.
Turning to the Dodgers, Woo notes that their interest presumably indicates at least some level of concern from the club in relation to the current rotation mix. The Dodgers have a great starting group on paper but questions with most of the individuals. Yoshinobu Yamamoto is only guy still on the roster who topped 91 innings pitched last year. Tyler Glasnow, Blake Snell, Emmet Sheehan, Shohei Ohtani and Roki Sasaki all came in under that line due to various different health situations. The Dodgers presumably don’t expect the whole group to stay healthy for 2026.
They also seem better positioned than the Padres to offer the Brewers the kind of young, controllable pitching they would probably want in return. Sheehan and Sasaki are both still in their pre-arb years. The same is true of guys like Ben Casparius, River Ryan, Kyle Hurt, Justin Wrobleski, Gavin Stone, Landon Knack and others.
Woo also floats outfielder Ryan Ward as a possibility, with the recent Kyle Tucker signing blocking his path. She writes that the Dodgers were considering a platoon of the lefty-swinging Ward and righty Alex Call before landing Tucker, so Ward may now be expendable. The Brewers subtracted from their outfield this offseason when they traded Isaac Collins to the Royals alongside Nick Mears to acquire left-hander Ángel Zerpa. They still have a decent group including Christian Yelich, Sal Frelick, Jackson Chourio, Garrett Mitchell, Blake Perkins and others.
Whether the Brewers can be compelled to complete a trade remains to be seen. Without Peralta, their rotation would still consist of a pretty good group including Brandon Woodruff, Jacob Misiorowski, Quinn Priester, Chad Patrick, Logan Henderson, Robert Gasser, Tobias Myers and others, plus whatever they can get in return in the Peralta trade. But they could also just hold Peralta to make another run in 2026. If Peralta is healthy a season from now, he would be a lock to reject a QO, netting the Brewers a compensatory draft pick if he signs elsewhere.
Photo courtesy of Michael McLoone, Imagn Images
Latest On Yankees’ Pitching Search
The Yankees were known to be one of the teams talking with the Marlins about a possible Edward Cabrera trade, but with Cabrera now in a Cubs uniform, the New York Post’s Joel Sherman reports that the Bronx Bombers are looking elsewhere for rotation help. The NY Post’s Jon Heyman reiterates that the Yankees continue to have trade interest in the Brewers’ Freddy Peralta and the Nationals’ MacKenzie Gore, and the chances of a Tarik Skubal trade with the Tigers seems remote due to Detroit’s huge asking price.
As per offseason norms, the Yankees have been routinely connected to several major players on the free agent and trade markets, though the club has yet to swing a big transaction. New York did bolster its pitching depth by re-signing Ryan Yarbrough and Paul Blackburn, but those aren’t the types of arms that would provide the certainty or the upside of a true front-of-the-rotation arm.
Sherman outlines the situation facing the Yankees’ rotation, as technically the team has enough starters between Max Fried, Luis Gil, Cam Schlittler, Will Warren, and Yarbrough to cover innings until Carlos Rodon is back from elbow surgery (in late April or early May), and Gerrit Cole and Clarke Schmidt are back from Tommy John surgery. Of course, any injuries to the healthy pitchers or setbacks for the injured pitchers could throw this entire plan awry, and Schmidt’s availability for any of the 2026 season isn’t a sure thing since he underwent his TJ procedure last July.
Bringing in not just a depth starter, but a pitcher that could conceivably start a playoff game would naturally be a nice boost to the rotation picture. Such an addition provides cover against not just injuries, but (as Sherman notes) the possibility that Schlittler might struggle in his first full Major League season, or that Fried might feel some wear after a career-high 195 1/3 innings pitched in 2025.
Interestingly, almost all of the starting pitchers linked to the Yankees on the hot stove this offseason have been trade targets, rather than free agents. Given how Cody Bellinger seemingly remains New York’s top overall priority, it would seem like the Yankees are allocating their free agent dollars in that direction….or perhaps towards another top-tier option like Bo Bichette if a deal can’t be reached with Bellinger.
While the Yankees were reportedly interested in Tatsuya Imai earlier this winter, Heyman writes that the team was looking at Imai more as a reliever than as a starting pitcher. As such, the Yankees didn’t make Imai an offer, since presumably the bidding got beyond New York’s comfort range for a relief pitcher. Imai’s market ended up being narrower than initially thought, and the righty ended up signing with the Astros on a three-year, $54MM deal that includes opt-outs after each of the first two seasons.
Heyman also provides some details on the Cabrera negotiations, as such New York prospects as right-hander Ben Hess and outfielder Dillon Lewis were mentioned, along with “a third lower-level prospect.” It isn’t specified if these three players were all included in one offer to Miami, but the Marlins instead opted for the Cubs’ three-prospect mix of Owen Caissie, Cristian Hernandez and Edgardo De Leon. The highly-regarded Caissie is the highest-ranked prospect of the group and he has already made his MLB debut, so he could be in Miami’s outfield as soon as Opening Day. It is easy to see why the hitting-needy Marlins might’ve preferred Chicago’s offer, especially since the Yankees weren’t willing to include their own top hitting prospect in George Lombard Jr.
In what might be an interesting tidbit to file away for any future Yankees/Marlins trade talks, Heyman writes that “Miami loves the super talented Lewis,” a 13th-round pick in the 2024 draft who finished his first full season of pro ball at high-A Hudson Valley. Baseball America ranks Lewis as the eighth-best prospect in New York’s farm system, with Hess clocking in fifth place.
Dodgers, Braves Among Teams To Show Interest In Freddy Peralta
Though the Brewers have continually downplayed the possibility of actually trading him, ace right-hander Freddy Peralta continues to draw a wide array of interest. Ken Rosenthal and Will Sammon of The Athletic include the Dodgers and Braves among a list of teams to inquire with the Brewers, joining a group of previously reported clubs that includes the Yankees, Mets and Red Sox. All of those clubs are still believed to have interest in the righty.
Peralta’s appeal is obvious. He’s a durable 29-year-old righty with a 3.30 ERA over his past five seasons, including a career-low 2.70 earned run average this past season (albeit with rate stats and fielding-independent marks that suggest it’s more reasonable to expect a low-3.00s ERA than another sub-3.00 mark). Peralta averages nearly 95 mph on his heater, misses bats at a high level, has only slightly worse-than-average command and, crucially, is earning just $8MM next season. That’s his final year before free agency, but even as a one-year rental, a team surrendering young talent to acquire Peralta would know that he’ll likely net a 2027 draft pick, as he’s a virtual lock to receive and reject a qualifying offer.
For luxury-paying clubs, Peralta’s modest salary is particularly enticing. That’s all the truer for teams like the Yankees, Mets and Dodgers, who figure to be in the top penalty tier for at least a third consecutive season. Those clubs are effectively paying double for any subsequent additions to the payroll. The Dodgers are already in the top tax bracket and thus would pay a 110% tax on any new additions to the payroll. The two New York clubs are just shy of the top tax bracket, but even while sitting in the third penalty tier, they’d be subject to a 95% tax. And both are close enough to the fourth-tier threshold that Peralta would put them right up against it or push them over.
For the Braves and Red Sox, the penalties would be far less severe. Atlanta didn’t pay the tax at all last year and is currently in the first penalty tier. They’d receive only a 20% ($1.6MM) slap on the wrist for adding Peralta’s salary to the ledger. The Red Sox would be crossing the tax line for just the second straight season, as they were under the threshold in 2024. They’re currently about $3MM shy of the tax cutoff, per RosterResource. As a second-time offender they’d pay a 30% tax on the first $20MM by which they exceed the limit. For Peralta, that’d be only a hair over $1.5MM.
In terms of roster fit, it’s pretty easy to see how Peralta would fit onto any of the listed clubs. Atlanta currently has Chris Sale, Spencer Strider, Spencer Schwellenbach, Reynaldo Lopez and Hurston Waldrep lined up as its likely top five. Each of Sale, Strider, Schwellenbach and Lopez missed time with injuries in 2025. Lopez started only one game. Sale missed more than two months with fractures in his ribcage. Schwellenbach’s season ended in late June when he suffered a fracture in his right elbow. Strider posted a 4.45 ERA in his first season back from UCL surgery. Waldrep was impressive as a rookie but tossed only 56 1/3 innings in the majors.
The Dodgers certainly don’t “need” more starting pitching, but the old “no such thing as too much pitching” adage applies to veritably any club. Adding Peralta would be about further deepening the club’s October options. Yoshinobu Yamamoto, Blake Snell, Shohei Ohtani, Tyler Glasnow, Roki Sasaki, Emmet Sheehan and Justin Wrobleski give the Dodgers an embarrassment of riches, and high-upside younger arms like River Ryan, Gavin Stone and Kyle Hurt are all on the mend from 2024 surgeries. Top prospect Jackson Ferris isn’t far from MLB readiness. It’s a deep group, but the Dodgers probably don’t want to simply presume that all of their more established arms will be healthy for the postseason. Bringing in another top-tier arm to join the group would further bolster their choices as they pursue an elusive threepeat.
The Yankees have yet to make an addition to the big league roster, beyond re-signing Ryan Yarbrough on a cheap one-year deal and selecting righty Cade Winquest from the Cardinals in the Rule 5 Draft. With Carlos Rodon, Gerrit Cole and Clarke Schmidt all ticketed to open the season on the injured list, they could use some rotation help. The Mets, meanwhile, have subtracted more big names than they’ve added this winter. President of baseball ops David Stearns knows Peralta well from his Milwaukee days. The current Mets rotation is heavily reliant on rebounds from Kodai Senga and Sean Manaea as well as notable steps forward from prospects like Jonah Tong and Brandon Sproat. The Red Sox have added Sonny Gray and Johan Oviedo to what was already a pretty deep mix, but Peralta would be a clearer No. 2 option behind ace Garrett Crochet than Gray or right-hander Brayan Bello.
Other teams have surely shown interest in Peralta. Earlier in the offseason, it was reported that the Astros had looked into him, but they’ve since added Mike Burrows in a trade and Tatsuya Imai in free agency. The Orioles have shown interest as well, though Baltimore acquired Shane Baz and re-signed Zach Eflin, at least reducing some urgency. (Peralta would still be a notable and needed upgrade to the top end of the staff.) The Athletic’s report notes that some lower-payroll clubs are also looking into Peralta, given that his $8MM price point is affordable for any team.
Broadly speaking, it stands to reason that any 2026 postseason hopeful in the sport has probably at least gauged the asking price on Peralta. Rosenthal and Sammon suggest that a major league-ready starting pitcher is very likely to be a starting point in any talks regarding Peralta. Milwaukee won an MLB-best 97 games in 2025 and is seen as a favorite in the NL Central as a result. The Brewers know they could also get a compensatory pick in the 2027 draft if and when Peralta departs via free agency. They’re a revenue sharing recipient who doesn’t pay the luxury tax, so that pick would come at the end of the first round. That establishes a pretty reasonable base line that needs to be exceeded in any trade talks, and targeting MLB-ready help for a win-now club is only natural.
A Peralta trade shouldn’t be seen as likely. Milwaukee brass has publicly downplayed the possibility, but the Brewers will never fully close themselves off to trades of any notable stars as they approach free agency. Milwaukee traded Corbin Burnes, Devin Williams and Josh Hader near the end of their original windows of club control, after all. However, the Brewers also held onto Willy Adames for the 2024 season, knowing he’d likely reject a qualifying offer and depart via free agency, which is precisely how things played out. Keeping Peralta would give Milwaukee a deep and talented rotation, as he’d be joined by Brandon Woodruff, Jacob Misiorowski, Quinn Priester and Chad Patrick, with depth options including Logan Henderson, Tobias Myers and former top prospect Robert Gasser, who’ll be returning from Tommy John surgery.