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9 Contract Options To Keep An Eye On In September

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The final push of the 2025 season is upon is, which means postseason chases for fans lucky enough to root for contending clubs and offseason dreams for those whose clubs are already out of the running. It also means that players with vesting clauses in their contract and/or performance incentives are beginning to unlock bonuses related to plate appearances, innings pitched, games finished, etc.

In particular, there are a handful of club options that are worth keeping an eye on either for incentive purposes or for season-long rehabbers who’ll have a limited September window to audition for next year’s club. MLBTR’s Anthony Franco already highlighted the three vesting options of note last month, but we’ll still take a look at how those players are tracking and also shine a light on six more club/mutual options that’ll have some present financial ramifications as well as potential 2026 roster implications.

Here are nine options to keep in the back of your mind as the season’s final weeks play out…

Pete Fairbanks, RHP, Rays

Fairbanks’ three-year, $12MM extension with Tampa Bay contained a $7MM club option for the 2026 season, but he’s boosted that option’s value considerably. Fairbanks already triggered $1.5MM in escalators based on his total appearances in the first three seasons of the deal, and he’s maxed out a set of escalators based on his number of games finished in 2025, tacking another $2MM onto the option price. His option at this moment is valued at $10.5MM, but if he appears in even two more games this year, he’ll boost his 2023-25 appearance count to 150, adding another $1MM to its value. If he appears in seven of Tampa Bay’s final 22 games, he’ll bump his 2025 appearance total to 60 and add yet another $1MM escalator onto the deal.

A $12.5MM salary for a reliever is steep for the Rays, but Fairbanks has pitched a career-high 52 1/3 innings and logged a 3.10 ERA, 25.2% strikeout rate and 7% walk rate en route to 24 saves. Even if the Rays were hesitant to commit $11.5MM or $12.5MM to a frequently injured reliever who’ll turn 32 in December, a team with lesser budgetary concerns would be willing to do. The option will very likely be picked up either way, but the steeper the cost, the likelier an offseason trade becomes.

Andrés Muñoz, RHP, Mariners

Muñoz’s four-year, $7.5MM contract has become one of the game’s great bargains. At the time of the agreement, he’d made just one appearance for the M’s and had only 23 2/3 major league innings under his belt due to Tommy John surgery. The four-year term bought out his final pre-arbitration year and all three arbitration seasons, while also giving Seattle options on his first three free agent years. It’s easy to say now that Muñoz would’ve earned more through arbitration, but it’s hard to blame a 22-year-old who’d scarcely pitched in the majors for locking in that life-changing payday, and there was some modest risk for the Mariners in the deal as well.

The first of those three option years has a $6MM base value, but Muñoz has already boosted that by $500K. He unlocked $250K option escalators when he reached 20 and 30 games finished on the season. He’s finished 39 games now, and he’ll hit additional $250K escalators when he finishes his 40th and 45th games of the season. The first of those is a lock, and the second is certainly within reach.

Muñoz’s contract also has an $8MM club option for 2027 and a $10MM club option for 2028. He can boost both those figures by $1MM with the same set of escalators based on his games finished in the next two seasons, and beginning next year, he can also earn an additional $2MM per season based on games finished.

John Means, LHP, Guardians

Coming off his second career Tommy John surgery, Means signed a one-year, $1MM deal with the Guardians. Cleveland knew full well he’d miss most of the season recovering from last summer’s UCL operation. Means has a $6MM club option, with no buyout. He can’t boost that sum any further, but he’s on the cusp of returning to the majors and making what’ll amount to a two- or three-start audition.

Means, 32, has made four minor league rehab starts and has pitched well. He’s tossed 13 1/3 innings and yielded four earned runs (2.70 ERA) on eight hits and five walks with 13 punchouts. He’d been slated to make his final rehab start today before being scratched with an illness, but a return to the majors could happen as soon as next weekend.

When healthy, Means has been a high-quality starter. He’s posted a 3.68 ERA in 401 big league innings, all coming with the Orioles. He’s a former Opening Day starter and All-Star for Baltimore who has twice topped 140 innings in a season. A pair of UCL surgeries has limited him to just 52 1/3 innings since Opening Day 2022, however.

The Athletic’s Zack Meisel suggests that as long as Means is healthy, the option will be picked up. The Guards have committed a full year to rehabilitating the talented lefty. And, as explored at MLBTR last night, Cleveland has an uncharacteristic need for some pitching upgrades. A $6MM gamble on Means isn’t exactly a pricey roll of the dice, but the Guardians are one of the sport’s lowest-payroll clubs. If Means returns next week and gets rocked in his only two or three big league starts this year, it doesn’t feel like a given that they’ll dedicate that $6MM sum to him. If he looks even close to his old form, it seems like a reasonable risk to take. His handful of starts will be worth watching with a careful eye for Cleveland fans.

Jose Urquidy, RHP, Tigers

Urquidy is in a very similar situation to that of Means. He’s rehabbing from a second career Tommy John surgery and signed a one-year, $1MM deal with a $4MM club option for the 2026 season. Like Means, he’s on a minor league rehab assignment right now and could be activated in the near future. The former Astros righty tossed three scoreless innings for Triple-A Toledo three days ago and has now pitched 14 2/3 minor league innings with a 4.30 ERA and a 12-to-3 K/BB ratio.

Urquidy and Means have nearly identical career innings totals, though Urquidy’s 405 frames have come in a more condensed five seasons. From 2019-22, the right-hander posted a 3.74 ERA with a 20.3% strikeout rate and 5.2% walk rate in 342 innings for Houston. He was hit hard in a 2023 season that was shortened by shoulder troubles (5.29 ERA in 63 frames) and didn’t pitch in 2024 due to the elbow/forearm discomfort that eventually prompted his Tommy John surgery in early June last year.

If Urquidy comes back anywhere close to that 2019-22 form, a $4MM option should be a no-brainer, but a rocky performance could give the Tigers reason to pause. Urquidy’s return will also be worth monitoring since he could pitch his way into postseason roster consideration for Detroit.

Tyler Kinley, RHP, Braves

Atlanta looked past Kinley’s dismal 5.66 ERA with the Rockies and acquired him in July, clearly believing that the hard-throwing righty was only a few tweaks away from success. It’s been a masterstroke. Kinley has pitched 13 2/3 innings and allowed just one run since being traded to Atlanta in exchange for 26-year-old Double-A righty Austin Smith. The Braves have Kinley throwing even more sliders and working with a slightly lower release point, and the results have been stellar — albeit in a small sample.

The Braves were out of the postseason chase by the time the deadline rolled around, so the mere fact that they traded for a potential free agent with a 2026 club option signaled that they were open to exercising that option in spite of his struggles. Kinley’s success in Atlanta makes it quite likely he’ll return, but there’s a good chance it won’t be at the $5MM base price of his value. His contract contains option escalators based on games finished, the first of which kicks in at 20. Kinley has currently finished 18 games this year, including three with Atlanta. If he finishes two more, he’ll boost next year’s option to $5.5MM — and he’ll also unlock a $500K bonus for the current season.

It’s not a major change, but those incentives would bump him from a $2.08MM luxury tax hit to $2.875MM. Assuming the options on Kinley, Pierce Johnson, Chris Sale, Ozzie Albies and Ha-Seong Kim are all exercised, Atlanta will have $207.5MM committed to next year’s books when the offseason begins (before accounting for arbitration raises).

Harrison Bader, OF, Phillies

Bader has proven to be a terrific pickup for the Phils, hitting .307/.374/.477 in his first 99 plate appearances since being traded over from Minnesota. He’s up to 406 plate appearances on the season, which is just enough for his incentive structure to kick in. The $1.5MM buyout on Bader’s $10MM mutual option jumped to $1.7MM when he reached 400 plate appearances, and it’ll climb to $1.9MM at 425 plate appearances and $2.1MM if he reaches 450. It’s a minor bump, but for a Phillies club that’s a third-time luxury payor in the top tier of penalization, they’ll pay a 110% tax on the prorated portion of that extra $600K.

Given the strength of Bader’s play, they’ll happily pay that, of course, and the increased buyout does nothing to change the fact that Bader will return to free agency this winter. It’s been over a decade since the last time both sides of a mutual option were exercised in MLB (Brewers, Aramis Ramirez in 2014). Bader’s plus defense and strong season at the plate should position him for a multi-year deal in the offseason.

Jorge Polanco, INF, Mariners

Polanco is nine plate appearances shy of converting his 2026 mutual option into a $6MM player option. He’s also already tacked $2MM onto his 2025 salary via plate appearance incentives, and when he hits the 450 mark needed to trigger that player option, he’ll unlock another $500K. That’ll bump the veteran switch-hitter up to a $9.5MM salary in 2025. He’d get another $500K if he can make it to 500 plate appearances, but it’s not a guarantee he’ll get 59 plate appearances in between now and season’s end.

Though he’s slumped considerably in the middle months of the season, Polanco has heated up again in the past three weeks. He’s slashing .254/.319/.471 with 23 homers and 17 doubles in only 441 plate appearances — miles better than the down year he had with the M’s in 2024 before undergoing offseason knee surgery. He’s played well enough that he’s probably going to decline a $6MM player option anyhow, but it’ll be a nice safety net in the event of an injury (so long as it’s not a lower-half injury, as his contract contains language that’d prevent the player option from kicking in if he’s dealing with an injury related to that offseason knee procedure).

Matt Strahm, LHP, Phillies

Strahm is on the cusp of having his contract’s 2026 option vest. While that originally came at a $4.5MM base value, he’s already boosted the option value to $6.5MM via $1MM escalators at 40 and 50 innings pitched. Once he reaches 60, the option value increases to its maximum $7.5MM. The contract also stipulates that if Strahm pitches 60 innings and passes a physical at the end of the season, it’ll automatically vest.

Strahm has been excellent in 2025, logging 56 1/3 frames of 2.88 ERA ball with a 27.9% strikeout rate and 7.7% walk rate. He’s saved six games and tallied 17 holds. The Phillies would’ve picked up the option anyhow, but this removes any doubt.

Lucas Giolito, RHP, Red Sox

Giolito’s two-year, $38.5MM contract with Boston couldn’t have started much worse. The typically durable righty went down with a UCL injury in spring training last year, ultimately requiring surgery that wiped out his entire 2024 season. His 2025 return didn’t appear to be going well early on, either. Through his first seven starts, the 31-year-old was shelled for a 6.42 ERA in just 33 2/3 innings.

Since June 10, however, Giolito has returned to form. He’s started 15 games, totaled 91 2/3 innings and logged a pristine 2.26 earned run average. His 21.1% strikeout rate and 8.6% walk rate in that time are both about half a percentage point worse than league average among starting pitchers, but it’s been a strong run overall, pushing his season ERA down to a tidy 3.38.

That turnaround would make Giolito’s $14MM club option likely to be picked up — but it’s not likely to remain a club option. The right-hander’s contract stipulates that with 140 innings pitched this year, that option converts into a $19MM mutual option with a $1.5MM buyout. With 125 1/3 innings under his belt, Giolito only needs another 14 2/3 frames in the final three weeks to convert that option to mutual status. If and when he reaches that point, Giolito is a lock to decline his half of the mutual option, collect that buyout and return to free agency in search of a multi-year deal. The Sox could — and likely would — counter with a qualifying offer, but the hefty contracts for mid-rotation arms like Eduardo Rodriguez (four years, $80MM), Sean Manaea (three years, $75MM), Taijuan Walker (four years, $72MM), Jameson Taillon (four years, $68MM) and Luis Severino (three years, $67MM) in recent offseasons all suggest that Giolito can reasonably seek a pricey three- or four-year deal ahead of what’ll be his age-31 season.

Vesting Options Update: Giolito, Polanco, Strahm

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The upcoming free agent class doesn’t feature a ton of players whose contracts contain vesting options. Marcus Stroman’s deal with the Yankees would’ve contained an $18MM player option had he reached 140 innings, but an early-season knee injury made that impossible. The Yanks released him earlier this month anyhow.

While Stroman’s option was a non-factor, a trio of players are closing in on their own vesting provisions.

  • Lucas Giolito, Red Sox RHP ($14MM club option converts to $19MM mutual option at 140 innings; $1.5MM buyout in either case)

Giolito is up to 106 2/3 innings across 19 starts. He needs another 33 1/3 frames to convert next season’s $14MM team option into a $19MM mutual provision. That’d allow him to decline his end and retest free agency as he heads into his age-31 campaign. He’d very likely do so and could command a three-plus year contract.

The righty’s season numbers aren’t exceptional. Giolito carries a 3.63 earned run average with a 19.6% strikeout percentage that is his lowest since his terrible 2018 campaign. He had a trio of blowups in his first seven appearances after missing all of last season to an internal brace surgery. He has been locked in over the past two-plus months. In his last 12 starts, Giolito carries a 2.34 ERA while averaging over six innings per appearance. His 20.4% strikeout rate still isn’t great, and he has benefitted from a .229 opponents average on balls in play, but he at least looks the part of a durable mid-rotation arm again.

Giolito has a good shot to reach 140 innings. He’d need to average a little under six innings per start over his next six appearances. If he stays healthy, he should take the ball at least seven times — which would give him leeway in case he has one bad outing in which he’s knocked out after two or three frames. Even a minimal injured list stint would take it off the table, though.

Chief baseball officer Craig Breslow said over the weekend that the Sox had no intention of changing Giolito’s workload to keep him from vesting the option. No front office executive would publicly admit otherwise, of course, but there’s no reason to doubt Breslow in this case. The Red Sox are trying to secure a postseason berth. Even if they were out of contention, limiting a player’s workload so they could exercise an option to keep that player at a below-market rate wouldn’t make for an especially good relationship. If he gets to free agency, Giolito could take aim at something like the three-year deals secured by Luis Severino ($67MM with an opt-out after the second season) and Sean Manaea ($75MM with deferrals).

  • Jorge Polanco, Mariners DH/2B ($8MM mutual option converts to $6MM player option at 450 plate appearances, escalates to $8MM player option at 550 plate appearances; $750K buyout in either case)*

Polanco re-signed with Seattle last offseason on a somewhat complicated deal that reflected his health uncertainty coming off left knee surgery. The deal contains an $8MM mutual option which would vest into a $6MM player provision if Polanco reaches 450 plate appearances. Polanco has taken 395 trips to the dish. He’s 55 plate appearances from reaching the vesting mark, and he’d escalate the player option price back to $8MM if he tallies another 155 trips before season’s end.

Initially, the Mariners looked to have struck gold with that surprise re-signing. Polanco blasted nine home runs while hitting .384 through the end of April. Even with knee and side discomfort limiting him to early-season DH work, he looked rejuvenated. Polanco’s production completely tanked over the next two months, however. He had a huge July but is back to a .213/.275/.298 showing in 14 games this month.

Polanco has hit .209/.283/.344 across 315 plate appearances since the beginning of May. His season batting line (.245/.310/.439) is still above-average, but there have been significant peaks and valleys. Cole Young has taken over at second base. While Eugenio Suárez’s impending free agency leaves an opening at third base, Polanco hasn’t shown he’s healthy enough to play there regularly. There’s a good chance the Mariners would buy out their end of the option if it remains a mutual provision. Polanco only needs to start another 13 or 14 games to give himself more security.

That shouldn’t be a problem with 36 games remaining on the schedule. The M’s have sat him in each of their past two games against left-handed opponents, but he continues to play regularly versus righties. He’s highly unlikely to get all the way to 550 PA’s to push the player option to $8MM, but he should easily unlock the $6MM player option that’ll give him the unilateral decision whether to return to free agency.

* The vesting provision also requires that Polanco hasn’t suffered a lower body injury that’d prevent him from being ready for Opening Day 2026.

  • Matt Strahm, Phillies LHP ($5.5MM team option becomes guaranteed at $7.5MM at 60 innings)*

Strahm’s extension with the Phillies contained a $4.5MM club option for the 2026 season. The southpaw has already pushed that to $5.5MM and will escalate it to $6.5MM when he records two more outs. He’s 10 2/3 innings away from hitting the 60-inning threshold, at which point the price jumps to $7.5MM and becomes guaranteed.

In his case, it’s probably immaterial. Even if Strahm suffers a minor injury that keeps him from getting to 60 frames, the Phillies would probably exercise the option. Strahm is having another impressive season, working to a 3.10 ERA with six saves and 14 holds. His velocity has dropped a tick and he has lost a few points on his strikeout rate, but he has still punched out an above-average 27.7% of opponents. Strahm is one of Rob Thomson’s more trusted setup arms.

* The vesting provision also requires that Strahm pass a postseason physical.

Red Sox Notes: Abreu, Eaton, Giolito

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The Red Sox held a 3-1 lead through seven innings against the Marlins today, but a bullpen meltdown resulted in a 5-3 loss.  Beyond the setback in the standings, the Sox also had an injury scare when Wilyer Abreu had to leave the game prior to the top of the eighth inning due to what the club described as right calf tightness.

Speaking with MassLive.com’s Christopher Smith and other reporters postgame, Abreu called his injury “a little cramp” that he picked up while running the bases in the bottom of the seventh.  He didn’t feel a trip to the injured list was necessary, though Abreu speculated that he might miss Boston’s upcoming two-game series with the Orioles before returning Wednesday for the start of a series with the Yankees.

In a related move, the Red Sox are calling Nate Eaton up from Triple-A, as initially reported by Nate Parker of Beyond The Monster.  Eaton is a third baseman/outfielder who has appeared in 14 games for the Red Sox this season, and he can fill in as a depth option in the outfield either in the short term for the Baltimore series or perhaps for a longer stint if Abreu ends up on the IL.

To include Eaton on the active roster immediately, the Sox are playing with three catchers on the active roster, so Ali Sanchez could be designated for assignment.  Boston’s seemingly impending contract with Nathaniel Lowe is another factor in roster decisions, as the Red Sox would then have to make space for both Lowe and Eaton if the signing is completed by Monday.  It is possible Eaton could just stick around on the taxi squad rather than being actually added to the 26-man roster, until the team knows more about Abreu’s status.

Abreu hit his 22nd homer today, and is batting .253/.325/.486 over 395 plate appearances this season.  The large majority of Abreu’s playing time has come against right-handed pitching, though his .721 OPS in 64 PA against southpaws this season is a big improvement over his numbers against lefties in his previous two big league seasons.  Boston’s outfield picture has been crowded enough that Abreu has almost been forced to the bench when a left-handed pitcher is on the mound, yet it bodes well for his future as an everyday player if he can hit well against all pitchers and continue his elite glovework in right field.

In other Red Sox news, chief baseball officer Craig Breslow spoke with MassLive.com’s Chris Cotillo and other media on Saturday, and implied that after the season, “we’ll have those conversations” with Lucas Giolito about a potential contract extension.  Giolito has a 3.63 ERA over 106 2/3 innings in 2025, overcoming a hamstring injury and some early-season struggles to post a 2.34 ERA over his last 73 innings.

Perhaps the key stat is the 106 2/3 innings, as reaching the 140-inning threshold would give Giolito control over his status for 2026.  The righty signed a two-year, $38.5MM deal during the 2023-24 offseason that consisted of an $18MM salary in 2024, a $19MM player option for 2025 that Giolito exercised, and then a $14MM club option for 2026 that came into play when Giolito didn’t opt out last winter.  If Giolito pitches at least 140 innings this season, the club option becomes a $19MM mutual option with a $1.5MM buyout attached, and mutual options are virtually never exercised by both sides.

In theory, the Sox could maintain their club option by purposefully keeping Giolito under that 140-inning mark, whether by skipping a start or limiting his in-game workload.  However, Breslow stated that “all of the decisions that we’re going to make are going to be driven by what gives us the best chance of winning games, getting into the postseason and making a deep postseason run,” rather than worrying about contracts.

“You hope that these situations are clear.  When you’re pushing for a playoff spot, they are,” Breslow said.  “We’re all incentivized to do whatever we can to win games.  The most important thing after that is actually just making sure he’s healthy and recovering and that we’re monitoring the workload so that he’s in a position to help us every five days.”

Naturally, no executive would ever publicly admit to limiting a player’s playing time for contractual reasons, yet Breslow’s stance carries a lot of common sense.  Giolito has been one of the better pitchers in all of baseball over the last 10 weeks, so it only helps the Red Sox to have him on the mound as often as possible.  If Giolito did hit the 140-inning mark and take the obvious route to free agency, he has pitched well enough that a qualifying offer could be a possibility, which would allow the Sox to recoup a compensatory draft pick if Giolito signed elsewhere.

MLBTR Podcast: Walk-Year Performances, Roman Anthony’s Extension, And More!

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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 Steve Adams of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • Should Tigers fans be nervous? Is the club worse off going into next year? Should they trade Tarik Skubal this winter? (38:55)
  • The Mets didn’t trade Mark Vientos at the deadline and Pete Alonso is trending towards opting out. Will the Mets move on from Alonso this time? (51:05)
  • The teams that are considering six-man rotations, should they piggyback two of them in one game? (57:20)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of Eric Hartline, Imagn Images

Looking Ahead To Club Options: AL East

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MLBTR wraps our division by division look at next year’s team/mutual option class with the AL East. Virtually all of the mutual options will be bought out by one side. Generally, if the team is willing to retain the player at the option price, the player will decline his end in search of a better free agent deal.

Previous installments: player options/opt-outs, NL West, AL West, NL Central, AL Central, NL East

Baltimore Orioles

Baltimore signed Kittredge to a one-year, $10MM free agent deal over the winter. He’s making $9MM this season and has a matching club option or a $1MM buyout for 2026. Kittredge was supposed to be a key setup man in front of Félix Bautista, but he suffered a left knee injury early in camp and required a debridement surgery. He began a rehab stint at High-A Aberdeen on Sunday. While there’s plenty of time for Kittredge to turn things around, it hasn’t been the start to his O’s tenure that he envisioned.

Laureano, who was non-tendered by the Braves, signed a $4MM contract with Baltimore in February. That came with a $6.5MM team option without a buyout, giving the Orioles an extra season of club control. Injuries to Tyler O’Neill and Colton Cowser have pressed him into everyday work, mostly in left field. He hasn’t provided much through his first 24 games. Laureano is hitting .185 with a .237 on-base percentage through 59 plate appearances. He has hit a trio of home runs but struck out 18 times while drawing only four walks. Laureano has generally been a below-average hitter since being suspended following a positive PED test in 2021. He’ll need much better production over the next few months for the Orioles to exercise the option.

Boston Red Sox

Buehler signed a one-year, $21.05MM free agent deal to match the price of the qualifying offer — which the Dodgers had declined to issue when he hit the market. It’s a relatively expensive pillow contract. Buehler was coming off a dismal regular season, in which he’d posted a 5.38 ERA with a career-worst 18.6% strikeout rate over 16 starts. He finished his Dodger tenure on a high note, though, closing out the World Series while pitching to a 3.60 earned run average in 15 playoff innings.

An ace-caliber pitcher early in his career, Buehler hasn’t looked the same since undergoing the second Tommy John surgery of his career in August 2022. His stint in Boston has gotten out to a shaky start. While his 4.28 ERA through 33 2/3 innings is serviceable, he’s striking out just 20.7% of opponents while averaging a personal-low 93.5 MPH on his fastball. Shoulder inflammation sent him to the injured list last week. The mutual option was always an accounting measure designed to push the $3MM buyout to the end of the year rather than disbursing it throughout the season as salary. The team seems likelier to decline its end than the pitcher does.

Giolito signed a two-year, $38.5MM deal during the 2023-24 offseason. He negotiated an opt-out clause after the first season and hoped to retest the market after one strong year. Instead, Giolito’s elbow gave out during Spring Training and he required UCL surgery that cost him the entire season. The veteran righty made the easy decision to stick around for year two.

By exercising his player option, Giolito unlocked a 2026 option for the team. It’s valued at $14MM and comes with a $1.5MM buyout. If Giolito pitches 140 innings this year, it’d convert to a $19MM mutual option (still with the $1.5MM buyout). That’d give him a chance to test free agency if he wants. Giolito has an uphill battle to 140 frames. A hamstring strain cost him the first month of the season. He finally made his team debut last week, working six innings of three-run ball with seven strikeouts in a no-decision against Toronto. The Rangers tagged him for six runs on 10 hits in just 3 2/3 frames tonight.

The Red Sox added Hendriks on a two-year, $10MM deal over the 2023-24 offseason. They knew they wouldn’t get much in year one, as Hendriks had undergone Tommy John surgery the prior August. He attempted to make a late-season return last year but was shut down after a minor flare-up of elbow discomfort. Elbow inflammation shelved him for a couple weeks to begin this season, though he made his team debut in mid-April.

Hendriks allowed two runs on three hits in one inning during his first appearance. He has rattled off five straight scoreless outings since then, albeit with four walks in five frames. His 95 MPH average fastball is solid but below the 97-98 range at which he sat during his elite seasons with the White Sox.

Note: Jarren Duran’s arbitration deal contains a ’26 club option with an $8MM base salary. He’d remain eligible for arbitration if the Sox decline the option.

New York Yankees

  • Tim Hill, LHP ($3MM club option, $350K buyout)

Hill finished last season with the Yankees after being released by the White Sox in June. He’d allowed nearly six earned runs per nine with Chicago but managed a tidy 2.05 ERA over 44 frames for New York. He’s out to a similarly productive start to the ’25 season. Hill has surrendered five runs through 17 1/3 innings (2.60 ERA).

While the soft-tossing lefty has managed just 11 strikeouts, his game has always been built around ground-balls. He’s getting grounders at a massive 81.6% clip thus far. Only nine of the 40 batted balls he’s allowed have been hit into the air. It’s easily the highest grounder rate in the majors. The Yankees value this skillset as much as any team, and the $2.65MM option decision is a drop in the bucket for them.

Loáisiga is still working back from last April’s elbow surgery. The righty has generally been a productive reliever when healthy, but he’s only once managed even 50 MLB innings in a season. He’s on a rehab stint with Low-A Tampa and will need another few weeks before he’s built into MLB game shape. Loáisiga is making $5MM this season. The option has a matching base value and could climb by another $500K if the Yankees exercise it. He’d earn $100K each at reaching 50, 55, 60, 65 and 70 innings in 2026.

Tampa Bay Rays

Fairbanks is in the final guaranteed season of the three-year, $12MM extension that he signed before the 2023 campaign. That includes a $1MM buyout on a club option that comes with a $7MM base value. That’s a bargain for a quality high-leverage reliever, but the deal includes various escalators that could push the option price above $12MM.

The option value would climb by $500K if he gets to 125 combined appearances between 2023-25 and another $1MM apiece at 135, 150 and 165 combined outings. Fairbanks made it into 95 games over the first two seasons. He’d trigger the first $500K escalator at just 30 appearances this year and would max it out if he makes it into 70 games. He can boost the option price by another $2MM based on this year’s games finished total: $500K apiece at 25, 30, 35 and 40.

Fairbanks has never reached 50 appearances in a season because of various injuries, but he’s already at 14 games through this season’s first six weeks. Fairbanks has finished 11 of those contests while working as Kevin Cash’s primary closer. He has recorded 13 strikeouts against six walks while allowing three runs over 13 1/3 innings. The option price should remain solid value, though the escalators might eventually push it to an area where Tampa Bay would rather explore deadline or offseason trades rather than having a reliever projecting as one of the highest-paid players on the roster.

Jansen seemed to be pulling away from the rest of a weak free agent catching class early last season. His production tanked from June onwards, leaving him to sign an $8.5MM pillow contract with Tampa Bay. He’s making an $8MM salary and will collect a $500K buyout on a $12MM mutual option at year’s end. Last summer’s offensive drought has carried into 2025. Jansen has only one home run with a .147/.301/.221 batting line through 83 plate appearances. He remains a very patient hitter, but the Rays would have an easy decision to decline their end of the option if he doesn’t find the double-digit home run power he showed during his best seasons in Toronto.

Lowe has had a rare extended run with a Tampa Bay team that is almost always willing to trade any player. He’s in his eighth big league season and in year seven of the extension he signed in Spring Training 2019. Lowe collected $24MM for what would have been his standard six seasons of team control. The Rays exercised a $10.5MM option for this year and can retain him once more at an $11.5MM price. It’s an $11MM decision after accounting for the $500K buyout.

While injuries have been a recurring issue, Lowe has been one of the better offensive middle infielders in the sport when healthy. His 39-homer season in 2021 is an outlier, but he has tallied 21 longballs in each of the past two seasons. He’s out to a much slower start this year, batting .203/.258/.305 with four homers across 128 plate appearances. The batted ball metrics are still solid, but his career-worst 20.1% swinging strike rate is the fifth-highest among hitters with at least 50 PAs.

This one can still go a few different ways. If Lowe hits like this all season, he’d be bought out. If he finds something like his 2023-24 form (.238/.319/.458), then $11MM is reasonable. It’d keep him as one of Tampa Bay’s highest-paid players, though, so there’s a decent chance he’ll be traded at some point this year. The 16-18 Rays look like fringe Wild Card contenders for a second consecutive year. They could again try to walk the line between buying and selling come deadline season.

The Rays signed Waguespack to a restructured deal early last offseason. He’s making $1.3MM this season and has a $1.5MM club option for next year. That’d escalate to $2MM if he reaches 20 “points” this season. Waguespack would receive one point for each MLB relief appearance and two points per big league start. He has spent the ’25 season to date on optional assignment to Triple-A Durham.

Working as a pure reliever for the Bulls, Waguespack has reeled off 14 innings of two-run ball. He has fanned 15 hitters against three walks while getting ground-balls at a lofty 60% clip. It hasn’t earned him a major league call yet, but he should be up before too much longer if he keeps performing at that level. Waguespack spent the 2022-23 seasons with the Orix Buffaloes in Japan. He made four MLB appearances with Tampa Bay last year but lost a good portion of the season to a rotator cuff injury.

Note: Taylor Walls’ arbitration deal contains a ’26 club option with a $2.45MM base salary. He’d remain eligible for arbitration if the Rays decline the option.

Toronto Blue Jays

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Red Sox To Activate Lucas Giolito From IL On Wednesday

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Almost 17 months after signing with the Red Sox, Lucas Giolito is finally set to make his first official appearance in a Boston uniform.  Manager Alex Cora told reporters (including the Boston Globe’s Pete Abraham) that Giolito will be reinstated from the 15-day injured list on Wednesday, and start that day’s game in Toronto against the Blue Jays.

Giolito signed a two-year, $38.5MM free agent deal with the Sox in January 2024, with the second season technically a player option year that Giolito could have declined in order to re-enter free agency.  There is also a conditional option that triggered when Giolito declined to opt out, as the Red Sox now hold a $14MM club option on Giolito’s services for 2026.  That club option can become a $19MM mutual option with a $1.5MM buyout if Giolito pitches at least 140 innings in 2025, which remains possible even though he has already missed a month of action.

Back in the 2023-24 offseason, the deal was seen as something of a bet-on-yourself type of pillow contract for Giolito, who was trying to rebuild his stock after underwhelming results in each of the previous two seasons.  The right-hander’s ideal scenario would’ve seen him post strong enough numbers in 2024 to establish himself as a frontline starter, and then opt out of the final year of his Boston contract in order to land a much lengthier and pricier deal with the Sox or another team last winter.

Unfortunately for Giolito, that plan was almost immediately ruined when he suffered a partial right UCL tear and a flexor tendon strain during Spring Training.  The injury required an internal brace procedure that ended Giolito’s season before it even began, though the one silver lining is that Giolito at least avoided a Tommy John surgery that would’ve delayed his return until closer to the middle of this season.  If anything, Giolito might’ve been back already if it wasn’t for a hamstring strain suffered in Spring Training that led to this month-long stint on the 15-day IL.

Giolito has made five starts during his minor league rehab assignment, and a 5.19 ERA across those 17 1/3 rehab innings isn’t as important as the fact that Giolito is feeling healthy and ready to re-launch his big league career.  With Brayan Bello also returning from a season-opening IL stint last week, Boston’s rotation is starting to round into form after a spate of injuries left the staff scrambling for depth.  Though Kutter Crawford and Richard Fitts remain sidelined, the Sox will now have a set starting five of Garrett Crochet, Walker Buehler, Tanner Houck, Bello, and Giolito.  Sean Newcomb will likely move from the rotation into a depth role at Triple-A, or perhaps a spot in Boston’s pen.

Red Sox Notes: Crawford, Rotation, Campbell

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The Red Sox opened the season with something of a patchwork rotation after the club lost three of its regular starters to the injured list to open the season. While Brayan Bello and Lucas Giolito are both working their way back to the majors on rehab assignments, with Bello in particular scheduled to make his second of what MassLive’s Christopher Smith suggests could be three total rehab starts tomorrow, righty Kutter Crawford appears to be well behind the other two as MassLive’s Chris Cotillo writes that Crawford has not yet advanced to facing live hitters.

That both Bello and Giolito (who Smith notes is slated to start for Triple-A on Tuesday) are scheduled to make their second rehab starts this week is encouraging. The righties have both long been expected to rejoin the rotation at some point this month, and while Giolito’s exact timetable is still not yet fully clear the fact that Bello could return to the rotation after just three rehab outings means he could be back on the mound in Boston as soon as April 16 against the Rays in Tampa, assuming he maintains a schedule of regular rest and suffers no additional setbacks. Right-hander Richard Fitts and southpaw Sean Newcomb have been filling in at the back of the club’s rotation behind Garrett Crochet, Tanner Houck, and Walker Buehler, but it’s possible the club could opt for a six man rotation when the pitching staff is healthier.

That would potentially open up a path for either Fitts or Newcomb to continue starting for the Red Sox going forward while Crawford works his way back to the mound. Unfortunately, Cotillo suggests that’s still a ways away, writing that May or perhaps even June appear to be the most realistic timeline for the righty’s return to the majors. Crawford, 29, made all 33 of his starts for the Red Sox last year but pitched through knee issues last year that compromised his effectiveness in the second half and lingered into Spring Training. While Crawford told Cotillo that surgery is not currently on the table as a fix for his ailment, even the time he’s spent resting and treating the issue has served more to mitigate the pain rather than solve the problem entirely.

In other Red Sox news, Cotillo writes that club manager Alex Cora has indicated the club’s defensive plans for star prospect Kristian Campbell are changing. The versatile Campbell has split his time between second base and left field to this point in his brief big league career after playing the outfield, second base, third base, and shortstop in the minors. While no drastic changes to his usage are expected, with Campbell still remaining at the keystone on most days, Cora told reporters (including Cotillo) that the plan going forward is for Campbell to slide into center field on days where David Hamilton is in the lineup at second base.

Previously, Campbell had taken over left field with Jarren Duran shifting over to center on those days. The change comes as a result of Campbell’s comfort in center, where more than 80% of his minor league innings on the outfield grass have occurred, as well as Duran’s ability to handle the unusual left field situation in Fenway Park, which requires fielders to play balls off of the iconic Green Monster that tend to ricochet at atypical angles. Campbell has so far played just one game in left this year, but the amount of time he spends on the grass appears likely to be impacted primarily by the performance of Rafaela and Hamilton in the early days of the season and potentially the eventual call-ups of his fellow top prospects. If top infield prospect Marcelo Mayer makes it to the majors first, that would surely increase Campbell’s time spent in the outfield, while he’d likely spend even more of his time on the dirt if Mayer is beaten to the big leagues by top outfield prospect Roman Anthony.

Red Sox Place Liam Hendriks On 15-Day IL

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March 28: Despite the season-opening IL placement, Hendriks is not facing a severe injury, Jen McCaffrey of The Athletic writes. He’s already been examined by Dr. Keith Meister, who performed his Tommy John surgery, and received a cortisone injection to help alleviate some inflammation and discomfort stemming from a compressed nerve. There’s no structural damage in Hendriks’ elbow. He’ll be shut down from throwing for three to five days but expects to resume throwing during next week’s series against the Orioles.

March 27: The Red Sox announced a slate of transactions to finalize their Opening Day roster, including a surprise placement of righty Liam Hendriks on the 15-day injured list due to elbow inflammation. Fellow right-hander Cooper Criswell, who had appeared ticketed for Triple-A Worcester, will instead break camp with the big league club.

Boston also selected the contracts of lefty Sean Newcomb and top prospect Kristian Campbell. Both have formally made the Opening Day roster. Lefties Chris Murphy and Zach Penrod were placed on the 60-day injured list to open spots. Murphy is recovering from UCL surgery performed last spring. Penrod was diagnosed with a left elbow sprain earlier in camp.

Additionally, the Red Sox placed Masataka Yoshida on the 10-day IL as he continues building back up from offseason shoulder surgery. Righties Brayan Bello (shoulder strain), Kutter Crawford (patellar tendinopathy) and Lucas Giolito (hamstring strain) were all placed on the 15-day IL, as expected.

Hendriks, who turned 36 last month, is entering the second season of a two-year, $10MM deal. The Red Sox signed him knowing that he’d miss most of all of the 2024 season while recovering from Tommy John surgery. The expectation early in camp was that he and offseason signee Aroldis Chapman could compete for ninth-inning work. The tide changed quickly. Chapman fanned 14 of the 30 batters he faced and held opponents to two runs in 7 1/3 innings. Hendriks allowed seven runs on 14 hits in just 6 1/3 frames. He didn’t walk anyone but also only whiffed four of the 32 hitters he faced.

The Red Sox haven’t yet provided a timetable for when Hendriks might return to the mound. For now, there’s no indication that he’s dealing with a long-term injury. Presumably, manager Alex Cora will have more information regarding his potential timetable when he meets with the media later today.

Lucas Giolito To Begin Season On Injured List

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Red Sox righty Lucas Giolito will begin the 2025 season on the 15-day injured list, manager Alex Cora announced this morning (link via Julian McWilliams of the Boston Globe). Giolito exited his Grapefruit League debut earlier this week after one inning due to tightness in his hamstring. A subsequent MRI revealed a low-grade strain, the right-hander himself revealed to the team’s beat this morning (link via MassLive’s Sean McAdam). While Giolito isn’t being shut down from throwing entirely, it seems they’ll back off enough that Opening Day won’t be realistic.

Giolito, 30, signed a two-year, $38.5MM contract with the Sox in the 2023-24 offseason but has yet to throw a regular season pitch for them. A partial tear of the ulnar collateral ligament in his right elbow last spring led to an internal brace procedure that wiped out his entire 2024 campaign. His elbow was healthy enough to get back on the mound this week and put him in position to break camp in the rotation, but the hamstring issue will prevent that from happening. The team hasn’t put forth a specific timetable for his return, though it’s relatively encouraging that it’s being termed “low-grade” and that Giolito is still throwing.

The Red Sox will now open the season with three starting pitchers on the injured list. Giolito joins Brayan Bello (shoulder) and Kutter Crawford (knee) in that regard. That leaves the Red Sox with a group including Garrett Crochet, Tanner Houck, Walker Buehler and two of Quinn Priester, Richard Fitts, Cooper Criswell and Josh Winckowski in the rotation.

Giolito tells Rob Bradford of WEEI that he doesn’t feel the IL stint is necessary but acknowledged that it’s the team’s call. “If I were in charge, I would like to throw a ’pen tomorrow,” says Giolito. “I don’t know they want me to do that.” The right-hander notes that he felt 100% after playing catch this morning and is hoping it’ll be a minimum stay on the injured list.

With two starters already shelved, it seems the Sox will opt for the extra cautious route despite some ostensible protest from Giolito himself. The team can ill afford to see Giolito go down with a more severe strain that’d sideline him for a lengthier period. If he’s out for only a minimal stay, he could be reinstated just 12 days into the 2025 campaign, as Opening Day IL placements can be backdated by the maximum three days.

Lucas Giolito Headed For MRI With Hamstring Tightness

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Lucas Giolito left Tuesday’s start after one inning with left hamstring tightness. Manager Alex Cora told the Boston beat that Giolito will head for an MRI on Wednesday (relayed by Ian Browne of MLB.com). The team doesn’t seem overly concerned, but it’s a situation worth monitoring.

Cora confirmed this morning that Brayan Bello will begin the season on the injured list after shoulder soreness delayed his ramp-up. He’ll join Kutter Crawford, who has yet to pitch this spring because of right knee soreness that dates back to last April. Jen McCaffrey of The Athletic writes that the timeline on Crawford remains uncertain. Cora indicated that while Crawford is making incremental progress, he isn’t close to even throwing a live batting practice session.

The Sox are slated for a season-opening top four of Garrett Crochet, Tanner Houck, Walker Buehler and Giolito. Richard Fitts, Quinn Priester and Cooper Criswell are in the mix for the final rotation spot. If Giolito’s hamstring proves problematic, that’d likely press two of Fitts, Priester and Criswell into the starting five. The Sox are also building up non-roster invitee Michael Fulmer as a potential starter.

Giolito is still looking to make his Red Sox debut. He sustained a UCL tear in last year’s Spring Training and required internal brace surgery. Hamstring tightness is obviously less concerning than if Giolito had experienced any kind of renewed elbow discomfort. Still, the team won’t know until the imaging comes back whether there’s a risk of a season-opening IL stint.

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