Details On The Mets’ Offseason Pursuits
The Mets’ offseason has seen a bevy of major names both coming and going off the roster, and the New York Post’s Joel Sherman provides a nice breakdown of both the team’s moves and some of the behind-the-scenes plans (or backup plans) that went into these transactions. Sherman’s piece also details some free agent and trade candidates who hadn’t been previously cited as Mets targets, including Ranger Suarez, Ryan Weathers, Johan Oviedo, and Pirates hurlers Bubba Chandler and Braxton Ashcraft.
New York’s trade for Freddy Peralta earlier this week helped the Mets finally secure the frontline rotation help they’d been seeking all winter, which helped because many of the other pitchers the team was exploring had already changed teams. The Yankees acquired Weathers from the Marlins two weeks ago, the Red Sox landed Oviedo from the Pirates in early December, and Suarez signed with the Red Sox last week as well on a five-year, $130MM contract.
That type of long-term deal for a pitcher was thought to be outside of the Mets’ comfort zone, as multiple reports indicated that the team preferred shorter-term arrangements when trying to find rotation help. The same was largely true of the Mets’ position-player pursuits, as the team offered Kyle Tucker four years and $220MM, and then landed Bo Bichette on a three-year, $126MM deal with two player opt-out clauses. If Bichette hadn’t signed and Suarez had remained available, Sherman wrote that the Mets “would have pivoted to try to upgrade the rotation with a willingness to do the five years at $130 million Boston did.”
It’s an example of how the offseason can be a series of sliding doors, with a team’s priorities quickly changing when other teams start making moves and various star players leave the board. Bichette himself wasn’t even known to be a Mets target until the eleventh hour, as missing out on Tucker led the Mets to quickly turn to Bichette and snatch him away from an almost-finalized agreement with the Phillies. And, as it turned out, the Mets ended up landing their desired ace in inexpensive fashion in terms of money (Peralta is owed $8MM in 2026 before entering free agency next winter), but at the hefty trade cost of noted prospects Brandon Sproat and Jett Williams.
Prying Bichette away from the Phillies may have provided some measure of revenge for the Mets after their unsuccessful pursuit of Kyle Schwarber. New York was known to have interest in Schwarber’s services, and Sherman noted that the Mets “were much deeper in on him than previously publicly known.” It was widely expected that Schwarber would re-sign with the Phils and he indeed rejoined the club for five years and $150MM. As interested as the Mets were, Sherman wrote that they “perceived they would have to beat [five years/$150MM] by a good deal to get him to leave Philadelphia,” so the Amazins backed off.
The Mets had plenty of talks with the Marlins about Edward Cabrera before Cabrera was dealt to the Cubs, so it isn’t surprising that Weathers’ name was also brought up in those discussions. Sherman reported that 8-10 teams had interest in Weathers, and it ended up being the Yankees (another Cabrera suitor) who landed the southpaw for a four-prospect package.
It was no secret that the Pirates were looking to upgrade their lineup this offseason, and with a surplus of arms on the roster, the assumption was that Pittsburgh would look to move starting pitching for some bats. The five-player deal that sent Oviedo to Boston brought back Jhostynxon Garcia as a young outfielder who can help the Bucs as early as 2026, and Mike Burrows was traded to the Astros as part of the three-team swap with the Rays that brought Brandon Lowe to Pittsburgh.
With Oviedo and Burrows gone, the Pirates have probably closed the door on further pitching trades, as GM Ben Cherington has said the team would now be open to adding a bit of rotation depth, if anything. Chandler (one of baseball’s top pitching prospects) and Ashcraft (a former second-round pick) each made their MLB debuts in 2025 and look to be part of the Pirates rotation both this season and for years to come, if everything pans out.
Sherman said the Mets “extensively” discussed Chandler, Ashcraft, and Oviedo in negotiations with the Pirates, and it would be fascinating to know the specifics of those talks. Gauging by the Oviedo deal, the Bucs were presumably looking for controllable position-player talent, so any of Brett Baty, Mark Vientos, Ronny Mauricio, or even top prospect Carson Benge might have been on the Pirates’ wish list. If Pittsburgh had looked for more of a veteran bat in the Lowe mold, Jeff McNeil (who was dealt to the A’s just before Christmas) might have been a fit, but it is hard to imagine the Pirates would’ve given up a significant MLB-ready pitcher for McNeil.
Poll: Would You Rather Have Kyle Schwarber Or Pete Alonso?
This year’s Winter Meetings were highlighted by two of the game’s premier sluggers signing two of the offseason’s biggest contracts so far: Kyle Schwarber re-upped with the Phillies for five years and $150MM, while Pete Alonso signed on with the Orioles for five years and $155MM. With such remarkably similar contracts and roles to play in the lineup, it’s fair to wonder which player would be better to roster in a vacuum.
Schwarber’s case is obvious, given that he’s coming off a career year where he bashed 56 home runs and finished second in NL MVP voting. Schwarber turned in a brilliant .240/.365/.563 (152 wRC+) slash line for the Phillies this year while playing in all 162 games. In addition to his massive home run total, the slugger added 23 doubles, 2 triples, and even managed to chip in ten stolen bases. That was good enough for 4.9 fWAR and 4.7 bWAR, an incredibly impressive total for a DH who fielded just 66 innings this year.
Alonso’s offensive numbers, while certainly strong, weren’t quite as impressive. The slugger hit .272/.347/.524 with a wRC+ of 141 while also playing 162 games for the Mets. While he hit “just” 38 home runs to Schwarber’s 56, he did manage to swat 41 doubles as well. His contributions on the bases were minimal, but he did play the field in 160 of his 162 games as the Mets’ everyday first baseman. Alonso’s 3.6 fWAR and 3.4 bWAR don’t quite measure up to Schwarber’s gaudy total, but his ability to play a defensive position on a regular basis did free up the DH slot in the lineup to allow the Mets the opportunity to rest their regulars and roster valuable pieces with defensive limitations like Starling Marte.
Digging in a little deeper, the comparison gets even more interesting. Advanced metrics indicate an even smaller gap between Schwarber and Alonso in terms of offense than the raw production does, as Schwarber’s .402 xwOBA eclipses Alonso’s .385 by just 17 points. On the other hand, Alonso benefited from a career-high .305 BABIP in 2025, while Schwarber’s own .253 figure was actually below his career norms. Schwarber’s time in Philadelphia has seen him produce a 133 wRC+ that’s almost a perfect match for Alonso’s own 131 wRC+ over the past four years, and while Alonso is two years younger than Schwarber, he also lacks some of the elite power projection that Schwarber offers. Schwarber’s incredible 54.2% hard-hit rate over the past five years trails only Aaron Judge and Shohei Ohtani, while Alonso’s 46.7% figure falls more in line with players a cut below that tier like Ryan McMahon and Max Muncy.
A look at how both players performed in the market would suggest that teams certainly value them similarly. The pair got the same number of years. Alonso signed for an additional $5MM in terms of total guarantee but Schwarber appeared to have a more robust market in terms of total suitors. The Pirates, Reds, and Orioles themselves were all known to have made offers of $120MM or more to Schwarber, with plenty of other teams such as the Mets, Giants and Red Sox rumored to be interested as well. Alonso, by contrast, saw his known suitors mostly limited to the Mets, Red Sox, and perhaps the Cubs in addition to the Orioles. Perhaps more teams simply had an opening at DH than at first base, but it’s also fair to wonder if more teams simply saw Schwarber as a game-changing talent.
Even if that’s true, however, Alonso’s ability to field a position at a competent (if below average) level on a regular basis and his relative youth would certainly be strong arguments in his favor. Schwarber will play the final year of his contract at the age of 37 and few players project well that late into their careers. Perhaps Schwarber’s elite and unique power capacity could make him an exception in the same vein as other great slugging DH-only bats like David Ortiz and Nelson Cruz, but that’s a much bolder gamble to make than expecting Alonso to remain productive through his 35th birthday.
How do MLBTR readers value the two sluggers? If your team had openings at both first base and DH, which one would you rather have installed in your lineup for the next five seasons? Have your say in the poll below:
Would you rather have Schwarber or Alonso?
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Kyle Schwarber 56% (9,406)
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Pete Alonso 44% (7,327)
Total votes: 16,733
MLBTR Podcast: Winter Meetings Recap
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 Anthony Franco of MLB Trade Rumors to discuss…
- The Phillies bringing back Kyle Schwarber on a five-year deal (1:35)
- The Orioles signing Pete Alonso to a five-year deal (8:10)
- The Pirates and Reds reportedly coming close to signing Schwarber (14:25)
- The Dodgers agreeing to a three-year deal with Edwin Díaz (19:45)
- The Mets losing Alonso, Díaz and Brandon Nimmo in the span of a few weeks (23:50)
- The Mariners trading Harry Ford and Isaac Lyon to the Nationals for Jose A. Ferrer (29:10)
- The Twins reportedly planning to hold their candidates and compete in 2026 (41:55)
Check out our past episodes!
- An Agent’s Perspective with B.B. Abbott – Also, Cease, Williams, Helsley, And Gray – listen here
- Some “Classic Baseball Trades,” Nimmo For Semien, And Ward For Rodriguez – listen here
- Offseason Preview Megapod: Top 50 Free Agents – 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 Jim Rassol, Imagn Images
Phillies Re-Sign Kyle Schwarber
The Phillies are bringing him back. Slugger Kyle Schwarber has returned to the Phils on a five-year contract, the team announced. It’s reportedly a $150MM guarantee that pays the Excel Sports Management client an even $30MM per season. The Phils had multiple 40-man vacancies and didn’t need to make a corresponding move.
The deal is a testament to Schwarber’s elite talents as it sets new precedents in a few different ways. Schwarber is primarily a designated hitter, having played the outfield just 13 times combined over the past two years. He is also turning 33 years old in March.
Those are both qualities which tend to tamp down a player’s earning power. As shown in MLBTR’s Contract Tracker, the biggest guarantee for any free agent age-33 or older was Josh Donaldson‘s $92MM deal with the Twins, which was signed when he was still a capable third baseman. Pure designated hitters also tend not to get paid. Per the Contract Tracker, Shohei Ohtani is the only free agent DH to get to nine figures. He was obviously a special case as a two-way player and superstar. J.D Martinez signed a five-year, $110MM deal with the Red Sox in 2018. He was still an outfielder at the time but did become more of a DH over the course of that pact.
Schwarber himself has proved to be a special case, as he just keeps getting better at the plate. He has always been a guy who strikes out and walks a lot, with notable power mixed in. From 2017 to 2021, he was generally good for about 30 home runs per year. He got to 38 in 2019, but that was the year with the juiced balls.
Over the past four years, Schwarber has never finished with fewer than 38 long balls. He’s reached 46 in three of those four. In 2025, he set a new personal best with 56. He has also erased his previous platoon issues. In 2024, he slashed .300/.407/.490 for a 152 wRC+ against lefties, compared to a .218/.342/.482 line and 124 wRC+ otherwise. In 2025, those lines were .252/.366/.598 and .232/.364/.541 for respective wRC+ numbers of 162 and 146.
On top of the statistics, Schwarber has received praise for his leadership and clubhouse presence during his time with the Phillies. They clearly wanted to bring him back but plenty of other teams were interested as well. The Mets, Pirates, Reds, Red Sox, Orioles and Giants were all connected to him in recent weeks. The Bucs even reportedly made an offer of four-years and $120MM, a very bold gesture for a club that has never signed a free agent for more than $39MM.
But amid all that interest from other clubs, it always seemed like the safe bet would be Schwarber returning to Philadelphia. He was clearly beloved in the city and in the clubhouse. The Phils have a number of other needs but they have been aggressive spenders in recent years and it seemed like they would likely top whatever deal Schwarber got elsewhere. They have done so and, as mentioned, set new benchmarks for free agent deals for a hitter this age or a designated hitter of any age. MLBTR predicted he could secure a five-year, $135MM deal. He got those five years but did a bit better than predicted in terms of the average annual value.
Per RosterResource, the deal brings the Phils up to a payroll of $270MM and a competitive balance tax figure of $289MM. At the end of 2025, those numbers were $291MM and $314MM. If they plan on getting to a similar spot in 2026, they have about $20MM left to play with.
They still have a few things on the to-do list. In addition to Schwarber, they also want to bring back catcher J.T. Realmuto, who also became a free agent at the end of the 2025 season. Remaking the outfield and adding to the pitching staff are also on the agenda. $20MM wouldn’t be a ton to do all of that, so perhaps they will be willing to raise the payroll again, though they could also try to accomplish a few things on the trade market.
For the other teams, it’s possible that this opens the offseason floodgates. The position player section of free agency has been slow moving so far. Early on, Trent Grisham and Gleyber Torres accepted qualifying offers. The Mariners and Josh Naylor quickly reunited. For the past three weeks, there have been no multi-year deals for free agent hitters.
Now that Schwarber is off the board, the clubs who fell short will be pivoting to other options. Some of those clubs won’t be players for Kyle Tucker or Bo Bichette but perhaps Cody Bellinger, Pete Alonso, Eugenio Suárez, Alex Bregman and others will see their markets heat up in the coming days and weeks.
Jeff Passan of ESPN first reported the five-year, $150MM agreement. Bob Nightengale of USA Today had the even salary breakdown. Photos courtesy of Jayne Kamin-Oncea, Imagn Images
Orioles Made $150MM Offer To Kyle Schwarber
The first major free agent chip fell this morning with Kyle Schwarber returning to Philadelphia on a five-year, $150MM deal. The reunion seemed likely from the start, though the slugger had several other suitors, including at least one willing to match the $150MM price tag. Ken Rosenthal of The Athletic reported the Orioles offered Schwarber the same deal he ultimately accepted with the Phillies.
President of baseball operations Mike Elias has made it clear the team is looking for an impact bat, even after acquiring Taylor Ward. The Orioles still have a significant gap between last year’s payroll and their financial outlook for next season, giving them the potential flexibility for a large expenditure. The club has already spent some money this offseason, though it’s all gone to the bullpen. Baltimore added Ryan Helsley on a two-year, $28MM deal and picked up the $9MM option on Andrew Kittredge after acquiring him from the Cubs.
Camden Yards would’ve been a fun fit for Schwarber. Statcast’s Park Factors ranked it as the third-best home run venue for left-handed hitters. Citizens Bank Park tops the list, so Schwarber isn’t missing out on much by spurning the Orioles.
Baltimore will now turn its attention to the remaining free agent bats, including Pete Alonso. The Orioles and Red Sox are expected to meet face-to-face with the former Met this week. Baltimore’s lineup is strong up the middle and behind the plate, but there should be room to make additions at the corners and DH. Youngsters Samuel Basallo and Coby Mayo will likely factor in at first base and DH, but they wouldn’t preclude the club from adding a player like Alonso. Rosenthal noted the club is also considering Kyle Tucker in its pursuit of an elite hitter.
Pittsburgh’s interest in Schwarber was met with skepticism, but the club came through with a legitimate offer. Rosenthal had the Pirates’ proposal at four years and $120MM, while Alex Stumpf of MLB.com reported the club offered $125MM. Pittsburgh’s offer either met or exceeded the Philles’ deal in terms of average annual value, according to those reports. The fifth year could’ve been the trump card, but it’s hard to scoff at an offer worth upwards of $30MM per season.
Landing Schwarber for anywhere near those reported numbers would have easily set a franchise record for a free agent signing. The current mark is $39MM for Francisco Liriano in 2014. Pittsburgh’s last multi-year signing was a three-year deal with Ivan Nova heading into the 2017 campaign.
GM Ben Cherington previously touted the team’s increased financial flexibility this offseason, and the front office is doing what it can to make a big splash. Pittsburgh was also in on Josh Naylor before he re-signed with Seattle. Stumpf noted that the club will now turn its attention to another former Mariner, Jorge Polanco. The Pirates are expected to have an offer to him soon, per Stumpf.
Cincinnati had been connected to Schwarber given its proximity to his hometown. Rosenthal had the Reds’ offer at five years, but closer to $125MM. C. Trent Rosecrans of The Athletic reported that Schwarber and his wife met with Cincinnati brass before Thanksgiving.
Unlike the Orioles and Pirates, the Reds are not expected to redirect the money offered to Schwarber elsewhere. Their pursuit of the slugger was driven by the idea that signing him would benefit ticket sales, per Rosenthal. Schwarber is from Middletown, Ohio, less than an hour from Great American Ball Park.
Photo courtesy of Bill Streicher, Imagn Images
Pirates Made Four-Year Offer To Kyle Schwarber
TODAY: In a follow-up to his original report, Rosenthal specified that the Pirates’ four-year offer was worth roughly $120MM.
DECEMBER 7: Ken Rosenthal of The Athletic reported the Pirates have made a four-year offer to free agent slugger Kyle Schwarber. Rosenthal adds that the proposal is likely worth more than $100MM.
The club has been mentioned multiple times as Schwarber’s market takes shape this offseason. He’s not the only big bat they’ve been in on, as they also pursued Josh Naylor before he re-signed with Seattle. Rosenthal notes the Pirates remain an unlikely landing spot for Schwarber, though GM Ben Cherington previously said the team has “more [financial] flexibility” than they’ve had in prior offseasons.
Schwarber had a career year at just the right time. As a pending free agent, he launched 56 home runs to lead the National League. He posted a career-high 152 wRC+, which ranked behind only Shohei Ohtani and Juan Soto in the NL. Schwarber had a strong case for NL MVP if not for the two-way dominance of Ohtani.
While the free agent market features prodigious power hitters like Pete Alonso and Eugenio Suarez, plus high-upside thumpers like Munetaka Murakami, it’s hard to find an available slugger who matches Schwarber’s consistency. The 32-year-old has hit at least 38 home runs in all four seasons with Philadelphia. He’s topped 100 runs in each campaign, while averaging more than 108 RBI per year. Schwarber had a minimum stint on the IL for a hamstring strain in 2024, but has otherwise been healthy, reaching 150 games every season in Philly.
The note that the Pirates’ offer to Schwarber is in the nine figures isn’t a surprise. We had him getting $135MM over five years in our Top 50 Free Agents article. If Pittsburgh were to lure Schwarber on that kind of commitment, it would be a historic deal for the franchise. As Rosenthal points out, the club’s record free agent contract is $39MM to Francisco Liriano back in 2014. Cherington and his cohorts did give Bryan Reynolds a $100MM deal, though it was a contract extension.
Pittsburgh’s largest outlay in free agency last offseason was $5.25MM to Andrew Heaney. The club has spent more than $10MM just once this decade, giving Aroldis Chapman $10.5MM prior to the 2024 season. The Pirates haven’t handed out a multi-year contract in free agency since re-signing Ivan Nova for three years and $26MM ahead of the 2017 season. They also grabbed Daniel Hudson for two years and $11MM that offseason.
RosterResource has Pittsburgh’s payroll at $64MM for 2026. The team was at $87MM in each of the past two seasons. Nearly half of next year’s payroll will be going to Reynolds and Mitch Keller, who signed a five-year, $77MM extension in 2024.
A return to Philadelphia is among the most likely outcomes for Schwarber, though the two sides aren’t on the same page just yet. Boston, Baltimore, and San Francisco have also been mentioned as possible destinations. Cincinnati, Schwarber’s hometown team, is said to be in the mix.
Photo courtesy of Jayne Kamin-Oncea, Imagn Images
Mets Interested In Kyle Schwarber
The Mets are interested in free agent slugger Kyle Schwarber, reports Mike Puma of The New York Post. Schwarber rejected a qualifying offer from the Phillies, so any other club would face the associated penalties for signing him.
Schwarber has been one of the most popular free agents this winter, which isn’t surprising. The Phillies would love to have him back and he has also been connected to the Pirates, Reds, Red Sox, Orioles and Giants. Pittsburgh has reportedly made a four-year offer to Schwarber.
The interest stems from Schwarber being one of the best bats in the league. He strikes out a lot but also draws lots of walks and hits home runs. He has seven seasons with at least 30 long balls. He’s gotten to 38 in each of the past four campaigns and hit at least 46 in three of those four. 2025 was a personal best, as he was able to launch 56 homers. His 28.4% strikeout rate in his career is quite high but he has drawn walks at a 14.2% clip.
Schwarber is a lefty and has been hamstrung by southpaws at times in his career, but he seems to have put that all behind him more recently. His production against lefties has improved over the years, so much so that he was actually better without the platoon advantage in the two most recent campaigns. In 2024, he slashed .300/.407/.490 for a 152 wRC+ against lefties, compared to a .218/.342/.482 line and 124 wRC+ otherwise. In 2025, those lines were .252/.366/.598 and .232/.364/.541 for respective wRC+ numbers of 162 and 146.
There are downsides with Schwarber. He is essentially only a designated hitter at this point in his career. He has just 13 outfield appearances over the past two years combined. He could perhaps end up at first base but doesn’t have a track record of success there. His age is also a factor, as he’ll turn 33 in March.
It seems teams are willing to overlook those concerns in order to take a chance on adding an elite bat. MLBTR predicted Schwarber could secure a five-year, $135MM deal this offseason. As mentioned, the Pirates have already put a four-year offer out there. Given how many teams are at the table, perhaps he will get that fifth year.
For the Mets, they have a fairly open DH spot. Starling Marte took most of the plate appearances in that slot in 2025 and he is now a free agent. Longtime first baseman Pete Alonso is also on the open market. The Mets subtracted a lefty bat from the lineup when they dealt left fielder Brandon Nimmo to the Rangers for second baseman Marcus Semien.
Alonso could still be re-signed but having both him and Schwarber is probably not in the cards. The Mets are hoping to improve their run prevention next year, which prompted them to add a solid defender like Semien. It has been reported that the Mets don’t love Alonso as a defender and would like him to spend more time as a DH going forward, if they reunite. Signing both Alonso and Schwarber would mean putting Alonso back out there as a regular first baseman, which doesn’t align with that run prevention plan.
Financially, the Mets could theoretically do a lot. They have been big spenders since Steve Cohen became owner of the team. RosterResource currently pegs their 2026 payroll at $279MM, about $60MM below where they finished in 2025. They could make even more payroll space if they trade Jeff McNeil and/or Kodai Senga, who have both been in plenty of rumors this offseason.
The Mets have some needs on the pitching staff but are reportedly hoping to avoid the top free agent starters. Perhaps they plan to dedicate more resources to the lineup. They likely need to make another move to replace Nimmo in the outfield, maybe two moves when considering their center field situation. They could go after Schwarber but they could also try to bring back Alonso and/or Edwin Díaz. Alonso is reportedly meeting with the Red Sox and Orioles at the Winter Meetings, but he could also make time for other clubs as well.
Photo courtesy of Bill Streicher, Imagn Images
Latest On Kyle Schwarber’s Market
The Reds remain in the market for Kyle Schwarber, writes Mark Sheldon of MLB.com. That has been a frequent connection because Schwarber grew up a Reds fan not far outside Cincinnati. The club also needs to add an impact bat, though it remains to be seen if they’re willing to make a competitive offer.
Cincinnati finished 14th in MLB in scoring despite playing in one of the sport’s most hitter-friendly venues. They had a .245/.315/.391 slash line and finished 21st in home runs. Elly De La Cruz was the team leader with 22 homers, and their only two hitters who slugged at least .450 in more than 100 plate appearances (Miguel Andujar and Austin Hays) are free agents. The Reds need offense generally and would benefit from a power bat in particular.
Schwarber is the best slugger available. He’s coming off a 56-homer season in which he hit .240/.365/.563 while starting all 162 games for the Phillies. He hasn’t hit fewer than 30 homers in a full season since 2018 and is tied with Shohei Ohtani for second in MLB (behind Aaron Judge) in longballs over the last four years.
Cincinnati doesn’t have anyone locked into the everyday DH role. They’ll probably want to give 22-year-old Sal Stewart more time to see if he can be a serviceable defender at first base. Spencer Steer could play left field more frequently or simply be shopped in trade if the Reds were to add Schwarber (or Pete Alonso, a long speculated potential fit).
While it’s a clear fit from a roster perspective, it’d require an unusually bold commitment from ownership. Schwarber is expected to handily surpass a $100MM guarantee and could land $30MM+ annually. The Reds have given out two nine-figure contracts in franchise history: $225MM for Joey Votto and $105MM to Homer Bailey. Those were both extensions. Their largest free agent deals were the matching four-year, $64MM terms to Nick Castellanos and Mike Moustakas. Those $16MM average annual values were the most for any multi-year free agent signing. Schwarber might require twice that amount.
President of baseball operations Nick Krall said last month that the Reds expect to run a similar payroll to this past season’s level. They opened ’25 with a payroll around $116MM. They have around $40MM in guaranteed contracts but have a hefty arbitration class that MLBTR contributor Matt Swartz projects to cost roughly $45MM.
Filling out the roster with players making the league minimum would leave them with roughly $20-25MM to spend. They’ll certainly add a bat of some significance, but a Schwarber signing might require ownership to push the budget beyond where they seemingly prefer to set it. The other option would be to shed money from the arbitration class by shopping one or more of Brady Singer ($11.9MM projection), Tyler Stephenson ($6.4MM), Gavin Lux ($5MM), TJ Friedl ($4.9MM), Nick Lodolo ($4.3MM) or Steer ($4.5MM).
In a less obvious connection, Jon Morosi of The MLB Network relayed this morning that the Giants have also been in contact with Schwarber’s camp. That’s a much more difficult fit from a roster perspective. San Francisco has Rafael Devers under contract through 2033. Even if they’re confident he’ll be a capable everyday first baseman, they’d need at-bats at designated hitter for top first base prospect Bryce Eldridge. There’s an argument for the Giants to bring in a short-term first baseman/DH to give the 21-year-old Eldridge more time in Triple-A, but that wouldn’t apply to a four- or five-year contract for Schwarber.
The Giants presumably wouldn’t have any interest in using Schwarber as an everyday outfielder. There’d only be any kind of fit if they trade Eldridge for a starter. They’ve already downplayed their desire to make a nine-figure commitment to a starter despite calling pitching their top priority. It’d be a huge surprise if they committed that kind of money to a DH.
Schwarber rejected a qualifying offer, so whichever team signs him will forfeit draft compensation. Philadelphia has made no secret of their desire to bring him back. The Orioles and Red Sox are both in the market for an impact bat and have shown interest, while the Pirates have been mentioned as an extreme long shot after making an unsuccessful attempt to lure Josh Naylor away from Seattle.
Phillies, Kyle Schwarber Currently “Not Close To A Deal”
There has been plenty of mutual interest between the Phillies and Kyle Schwarber, leading to a sense around the league (and among MLBTR’s staff) that Schwarber’s free agent path will ultimately lead him back to the City of Brotherly Love. It doesn’t appear, however, that a reunion is imminent, as MLB.com’s Todd Zolecki wrote earlier this week that the two sides “are not close to a deal.”
Zolecki didn’t specify if there has been any standstill in talks, or if there is a sizable gap between the two sides in terms of money or contract length. By that same measure, there’s also nothing to indicate that talks couldn’t heat up with a single phone call. All in all, the news shouldn’t be construed as a sign that Schwarber won’t eventually return, or that either party is favoring another option.
It has only been a little over three weeks since free agents have been allowed to negotiate with other teams, and most of the top names on the market are still testing the waters. A couple of the most prominent early signings (Josh Naylor to the Mariners, Raisel Iglesias to the Braves) did involve players quickly opting to re-up with their former teams, which perhaps raised hopes among Philadelphia fans that a new deal with Schwarber might also resolved in rapid fashion. A little over two years ago, Aaron Nola entered free agency but then worked out his seven-year, $172MM deal with the Phillies within just a couple of weeks of the market opening.
As Zolecki simply puts it, “there’s no reason to rush it” for Schwarber’s camp at this point, given how much interest the slugger is generating in the wake of his 56-homer season. The Red Sox, Orioles, and (surprisingly) the Pirates have all been publicly linked to Schwarber’s market thus far, plus the Reds have been mentioned as a speculative contender since they need hitting help and Schwarber is from the Cincinnati area. DH-only players entering their age-33 seasons don’t usually command the kind of attention Schwarber is garnering, but then again, Schwarber’s career year is just one of 23 seasons of 56+ home runs in baseball history.
The fact that Schwarber is essentially the Phillies’ top priority (give or take J.T. Realmuto) gives the slugger added leverage. He and his agents can likely afford to wait and see what other offers emerge, with the comfort of knowing that Philadelphia might well match or top whatever rival offer is put on the table. From the Phillies’ perspective, they will likely wait on Schwarber before proceeding with any other major offseason business, apart from matters that wouldn’t be impacted by Schwarber staying or leaving — i.e. negotiating with Realmuto, trying to trade Nick Castellanos, or perhaps looking for bullpen help.
There’s some risk for the Phillies in that if Schwarber signed elsewhere after taking several more weeks, the Phils could be left behind in their offseason shopping if other free agents have already left the market. That said, rival agents are also aware of this scenario, and could advise their clients to wait on their own decisions just in case a Schwarber-less Phillies team suddenly broadens its free agent horizons.
Orioles Showing Interest In Kyle Schwarber, Tatsuya Imai, Framber Valdez
Earlier this month, Orioles president of baseball operations Mike Elias said his team is open to signing free agents who have rejected a qualifying offer, and would therefore cost the O’s their third-highest selection in the 2026 draft in addition to whatever the free agent would command in salary. Of the nine players who rejected the QO, Jon Heyman of the New York Post reports that Baltimore has shown some interest in Framber Valdez, Kyle Schwarber, and Dylan Cease (before Cease signed with the Blue Jays yesterday). In addition to qualified free agents, the Orioles have “checked in on” Tatsuya Imai, as part of the team’s explorations of the upper tiers of the pitching market.
Heyman also linked Baltimore to Pete Alonso a couple of weeks ago, but now notes that the chances of a signing may have dimmed since the Orioles retained Ryan Mountcastle past the non-tender deadline. This doesn’t mean that Mountcastle couldn’t still be traded or cut loose entirely if a premium bat became a realistic option for Baltimore, though Elias said earlier this week that the team thinks Mountcastle can rebound after a hamstring strain hampered his production in 2025.
Signing Alonso or Schwarber would further deepen what is already perhaps an overcrowded mix of position players in Baltimore. Schwarber can play a corner outfield spot on an occasional basis but is largely a DH-only player at this stage of his career, further reducing the Orioles’ flexibility in trying to find at-bats for the rest of its current players. A trade or two might ease up this logjam, of course, and the Orioles could then acquire pitching via the trade market rather than free agency.
Even if a Schwarber or an Alonso creates some questions about lineup construction, the Orioles would happily accept that as a proverbial “good problem to have” if it means adding an elite power bat. Schwarber and Alonso are also both known to be clubhouse leaders, and adding a veteran mentor to a young O’s team might carry benefits beyond just what either player can provide at the plate.
There is a widespread belief that the Phillies will pay top dollar to re-sign Schwarber, but naturally that hasn’t stopped other teams from looking into his market. The Orioles join the Red Sox and Pirates as teams known to have shown interest in Schwarber’s services, and clubs like the Reds and Yankees have been more speculatively linked. Alonso’s market hasn’t been as robust in terms of public interest, though the Mets remain in the mix for another reunion with their longtime slugger.
The Orioles have already added one prominent bat this offseason by acquiring Taylor Ward from the Angels for Grayson Rodriguez, in a move that surprised some pundits since it further reduced the Orioles’ list of rotation options. This could indicate that if the O’s do break the bank on a big-ticket signing, it will be for a starting pitcher to help stabilize the rotation. Cease’s rather quick departure from the market (and to an AL East rival) only puts more pressure on the Orioles to find another frontline arm.
Valdez or Imai would certainly fit the bill, albeit in two different fashions. Valdez is a proven commodity at the MLB level, and is particularly a known quantity to Elias since Valdez joined the Astros organization as an international signing and then broke into the majors when Elias was still working in Houston’s front office. Imai is over four and a half years younger than Valdez and perhaps has more pure upside based on his results in Japan, but it remains to be seen if Imai can translate that success over to the majors. The O’s also don’t have a long track record in signing Japanese talent, though the club did add Tomoyuki Sugano last winter.
Tyler O’Neill‘s three-year, $49.5MM contract remains the only multi-year free agent deal the Orioles have signed during Elias’ seven years running the front office, though in fairness, much of Elias’ tenure was spent either rebuilding or working under some ownership turmoil. David Rubenstein’s purchase of the franchise in early 2024 didn’t immediately lead to a huge payroll boost, though the club did ink star prospect Samuel Basallo to an eight-year, $67MM extension this past summer. Basallo and O’Neill represent the only contracts on Baltimore’s books beyond 2026, and while the Orioles certainly have interest in locking up other young stars to extensions, there is plenty of future financial room for the O’s to make a splashy signing (or two) this winter.