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Nolan Arenado

DeWitt: Cardinals Would Not Need To Cut Spending Elsewhere If No Arenado Trade

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Cardinals chairman Bill DeWitt Jr. spoke with reporters on Monday afternoon to conclude the organization’s Winter Warm-Up weekend. Unsurprisingly, he touched on the team’s biggest offseason storyline: the Nolan Arenado trade discussions.

Most notably, DeWitt said that the team wasn’t motivated to cut payroll in another area if they can’t line up an Arenado deal. “No, I don’t think so,” he replied when asked if a failure to trade the third baseman meant they needed to slash spending elsewhere (link via Katie Woo of The Athletic). President of baseball operations John Mozeliak made similar comments over the weekend, suggesting that ownership was supporting a higher payroll than the front office initially expected “because we haven’t been able to accomplish what we thought we would by now (on the trade market).”

Much of that is due to the no-trade rights of the Cards’ most expensive players. Willson Contreras and Sonny Gray each indicated they preferred to stay in St. Louis rather than waive their no-trade clauses. Arenado was more open to a trade in theory, though he nixed a deal to the Astros. That confirmed he’d be particular about his next destination if he were to move.

The Cardinals are on the hook for $64MM of the $74MM owed to Arenado over the next three seasons. The Rockies are responsible for $5MM annually over the next two years. A combined $12MM in salary over the next two seasons is deferred, reducing the Cardinals’ portion of the contract’s remaining net present value to around $60MM.

St. Louis has primarily focused on salary relief. The Astros were reportedly set to assume at least $45MM of the remaining money had Arenado not vetoed the trade. With Houston quickly moving on, talks have quieted over the past month. Mozeliak made clear over the weekend that the Cardinals are still trying to line up a trade that makes sense for everyone involved. That has been more challenging than the organization anticipated.

Nevertheless, there’s still a chance for a late-offseason deal. Derrick Goold of the St. Louis Post-Dispatch writes that there are multiple teams that would be open to circling back on Arenado if the Cardinals are open to paying down a bigger portion of the contract. It remains to be seen whether St. Louis will eventually be willing to do that, but they’re generally downplaying the need to make trades to cut spending at this point. There’s also the matter of free agency delaying the trade market. Alex Bregman remains unsigned and there’s surely some overlap between the teams involved on the two players.

Goold adds that some teams have called the Cardinals to see whether they can talk Gray off his opposition to waiving the no-trade clause. There’s nothing to suggest the righty is reconsidering that stance, though there’s no harm for other teams in trying to change his mind. Gray is owed $65MM over the next two seasons on his backloaded three-year free agent deal. He turned in a 3.84 ERA over 28 starts during his first season with St. Louis.

John Mozeliak Discusses Arenado, Cardinals’ Offseason

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Cardinals president of baseball operations John Mozeliak met with reporters (including Jeff Jones of the Belleville News-Democrat) at the team’s Winter Warm-Up event today, and discussed several topics related to quiet St. Louis offseason.  In general, Mozeliak didn’t have much new to offer on the Nolan Arenado trade front, other than to say that “I think priority one, two and three is still Nolan” in terms of how dealing the third baseman is the clear focal point for the rest of the team’s winter plans.

Mozeliak has been open abut the team’s intentions of cutting payroll and giving more playing time to younger players in 2025, even if the PBO and other Cardinals’ officials have stopped short of officially considering next season a rebuilding year.  During the Winter Meetings, Mozeliak candidly said that “It’s my intention to try” and trade Arenado to aid in this process, and Arenado was tacitly on board with these endeavors, though Arenado ultimately has control over his own fate via his no-trade clause.

The eight-time All-Star already used this influence to reject a proposed deal in December that would’ve seen him dealt to the Astros, with Houston taking on — according to conflicting reports — at least $45MM and as much as $59MM of the $60MM still owed on Arenado’s contract.  (The full total is $74MM, but the Rockies are covering $10MM of that figure and the other $4MM is reduced due to deferrals.)  In the wake of that scuttled deal, the Astros moved on entirely by signing Christian Walker to address their corner infield needs, leaving St. Louis still in need of a trade partner.

Later reports suggested Arenado hadn’t entirely closed the door on joining the Astros, but just wanted more time to evaluate the situation considering that Houston had just dealt Kyle Tucker to the Cubs earlier that same week.  Mozeliak admitted today that he “was a little bit surprised” Arenado turned down the trade, and suggested that the Cardinals were hampered by the timing of the Tucker deal.  “It was almost more like order of operation.  Had we been a few days ahead of that, I think there would’ve been [a trade]….So yeah, things happen.” Mozeliak said.

In regards to the lack of other interest in Arenado, Mozeliak said “I would imagine the free agent market would be what’s slowing that down,” referencing the fact that Alex Bregman remains unsigned.  Some movement on the Arenado front could happen once Bregman chooses his next team, and Mozeliak said he hadn’t yet spoken with Arenado or his camp about possibly expanding the third baseman’s list of preferred trade destinations.

In fact, Mozeliak said he hadn’t directly spoken with Arenado for close to a month, as the two last had contact before the holidays.  Given the calendar, their next conversation might also have to address the scenario where Arenado isn’t traded prior to Spring Training, so he’d have to go through his normal spring routine under the weight of a potential change of scenery.

“There’s the mental side of this too, right?” Mozeliak said.  “He’s probably thinking, like, OK, if I have to come to camp, I want to start preparing for that, and maybe he wants to be committed to [staying in St. Louis] at that point.  So I don’t want to speak for him at this point, because we have not discussed that.  But clearly, as we get closer to Jupiter, that is something we will have to touch on.”

In a piece for MLBTR Front Office subscribers earlier this week, Anthony Franco described the Cardinals’ winter as “a half-measure offseason,” given how the team hadn’t dealt any of its higher-salaried players, let alone Arenado.  Willson Contreras and Sonny Gray left the Cards’ hands tied by refusing to waive their own no-movement clauses, yet impending free agents Ryan Helsley, Erick Fedde, and Steven Matz all seem like obvious trade candidates, and all remain on the roster here in mid-January.

Mozeliak provided some explanation for not moving Fedde or Matz today, noting that the Cards “don’t really love [the] idea” of potentially leaving the team short-handed on the pitching front.  “We really feel like we have some depth in our rotation right now, so I really don’t want to start preparing tearing away from that, in terms of thinking about moving a position player to achieve some financial goals,” Mozeliak said.  “That would be something we could consider as well, but we really don’t want to.”

Fedde is owed $7.5MM in 2025, while Matz is owed $12MM and would likely be more of a salary-dump candidate given his injuries and struggles in recent years.  Helsley will receive $8.2MM in his final season of team control.  While all have substantial salaries, the $27.2MM total is only slightly less than the $27MM owed to Arenado in 2025, when Colorado’s $5MM contribution is subtracted from his $32MM price tag.  Between that math and the $27MM also owed to Arenado in 2026, it seems like the Cardinals simply want to exhaust all possibilities in moving Arenado before moving onto other payroll-cutting moves.

The more salary St. Louis is able to unload, the more the team can also add to the roster.  Mozeliak suggested that if the money becomes available, the club could look at “obviously [the] bullpen” or possibly “a right-handed bat with some thump, something like that.”  The Cardinals have a decent amount of lineup balance already, but with Arenado on the move, the team would presumably be looking to replace him with another righty bat at a much lower price tag.  In theory, this bat might come in the outfield — right fielder Jordan Walker is right-handed, but Lars Nootbaar, Victor Scott II, and Michael Siani all swing from the left side.

Nolan Arenado Reportedly Less Likely To Be Traded

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The Nolan Arenado saga has been perhaps the main storyline of the Cardinals’ offseason. As the club looks to scale back payroll and open up playing time for younger players (Nolan Gorman, in particular), Arenado has become one of the most prominent trade candidates in the sport. His full no-trade clause, downturn at the plate since 2023 and remaining three years and $74MM ($10MM of which is being covered by the Rockies) all combine to complicate the matter, however; Arenado has already reportedly invoked that no-trade clause to nix a deal to the Astros, who pivoted in mere days and signed first baseman Christian Walker to a three-year, $60MM deal instead (a contract nearly mirroring the $64MM they’d have owed to Arenado).

Agent Joel Wolfe said at last month’s Winter Meetings that Arenado was only open to trades to clubs where he felt he could win both in the short-term and for the remainder of his contract. It’s a bit odd that the Astros, who reached the playoffs in 2024 and reached the ALCS each season from 2017-23, didn’t fit that criteria, but there are surely multiple factors behind his decision.

Since that time, the Red Sox have been painted as the last and best hope for the Cardinals to orchestrate an Arenado trade. Even there, the situation is muddy. Acquiring Arenado would very likely mean moving Rafael Devers across the diamond to first base, where Triston Casas currently resides. Casas could see more time at DH, though the Sox are committed to Masataka Yoshida, who has three years and $54MM remaining, at that position. There’s the possibility of trading Casas, but Boston would surely need major league talent in return. It’s debatable whether they’d be better off with Arenado at third, Devers at first and whatever young talent they could get in return for Casas. Simultaneously, the Sox are considering a run at Alex Bregman (who’d also require shifting Devers to first and finding a trade for Casas or a taker for Yoshida). It’s all quite messy.

For those reasons and more, Katie Woo of The Athletic writes that he outlook on a possible Arenado deal is becoming increasingly bleak. Woo writes that efforts to move Arenado are at a “standstill” — in part because St. Louis isn’t interested in eating a notable chunk of the contract when part of their reason for wanting to move the third baseman is a desire to scale back spending. If no deal for Arenado materializes, per Woo, the Cards could look into other ways to trim payroll (and acquire young talent).

It’s quite arguable that the Cardinals should already be doing as much. The team isn’t making any efforts to improve the club for the upcoming season, after all, and the Cards are fresh off an 83-79 season. They’ve bid farewell to Kyle Gibson Lance Lynn, Paul Goldschmidt and Andrew Kittredge in free agency. Absent any effort to truly push closer to contention, it’s a stretch to think the Cardinals will make massive strides within the NL Central — let alone emerge as a bona fide threat in the postseason even if they limp to a playoff berth through a good showing within a weak division.

St. Louis has plenty of appealing players who’ll be free agents after the season and could be marketed to other clubs. Starter Erick Fedde ($7.5MM), closer Ryan Helsley ($8.2MM) and to a lesser extent veteran starter Steven Matz ($12MM) would all pique the interest of other clubs. That’s also true of setup man JoJo Romero, who’s controlled only through 2026. If the Cards aren’t taking a wholehearted aim at contending in 2025 anyhow, there’s good reason to explore trades of those players in the here and now, rather than risk a downturn in value following injuries or a poor first half of the season.

Moving Fedde or Matz would thin out the current rotation depth for a club that needs innings, though there’s of course the possibility to backfill via free agency. Derrick Goold of the St. Louis Post-Dispatch wrote this week that the club still has some interest in Mizzou product Kyle Gibson, who enjoyed pitching close to home last year and played a key mentor role for many of the team’s young players. Trading Fedde for prospects, for instance, and signing Gibson to replenish those innings could bolster the long-term outlook. It might not significantly reduce payroll on its own — it may slightly increase it, in fact — but it’d benefit the long-term health of the organization. Such a trade could also be coupled with deals of Matz and/or Helsley as well. Goold notes that both Fedde and Matz have drawn interest throughout the winter, which is only logical given the soaring price of free-agent pitching.

While The Athletic and Post-Dispatch continue to caution that chances of a trade don’t look great right now — Ken Rosenthal suggested as much today on Fair Territory, as well — MLB.com and MLB Network frame things differently. John Denton wrote this week that the Red Sox could soon pull out of the Bregman bidding, which would greatly improve the chances of an Arenado trade with St. Louis. The third baseman has already formally told the club he’d green-light a deal to Boston, per Denton, and he’s talked with friend and former teammate Trevor Story about the possibility of reuniting at Fenway Park.

Further, MLB Network’s Jon Morosi suggested on air this morning that as options have begun to dwindle, Arenado has begun to take a more open-minded approach. Some clubs that showed interest last month but didn’t pursue trades because of Arenado’s narrow list of criteria could come back into play, per Morosi. He suggests the Mariners and Tigers as two such clubs, though it’s virtually impossible to see how the Mariners could be considered a viable suitor given their well-documented financial constraints this winter.

The Tigers are a more plausible fit on paper, but they’ve spent quite conservatively under president of baseball ops Scott Harris; perhaps they’d have interest, but it’s hard to see them paying full freight on that contract, particularly when they have some third base options in house already (including top prospect Jace Jung).

Jeff Jones of the Belleville News-Democrat tweeted this morning that the Royals were among the teams that reached out to the Cardinals last month but didn’t pursue a trade because of a belief that Arenado wouldn’t green-light the deal. The Royals are still seeking another bat, and incumbent Maikel Garcia is a glove-first player with a lighter bat than even the recently diminished version of Arenado. Kansas City also traded its top third base prospect, Cayden Wallace, to the Nationals in last summer’s Hunter Harvey swap.

However, Arenado’s contract would figure to be quite problematic for the Royals. Beyond the $64MM total he’s owed is the fact that said commitment is front-loaded; Arenado is owed $32MM this coming season ($5MM being covered by Colorado). The Royals’ payroll is already close to $10MM higher than it was a year ago, per RosterResource. Rosenthal noted in the aforementioned Fair Territory segment (17:50 mark) that he was surprised Kansas City even eked out another $7MM to re-sign Michael Lorenzen. Piling an additional $27MM onto the payroll and pushing their Opening Day would push payroll close to or slightly north of $150MM. That’d top the current franchise record of $143MM, set back in 2017. Arenado might represent a clearer upgrade to the Royals or Mariners than to some other speculative fits, but neither seems to have the financial wherewithal to bring him aboard — even if Arenado were willing to approve the deal.

If that feels like a lot of words effectively downplaying the possibility of a trade and maintaining the status quo — well, it is. The simple reality is that Arenado was never going to be an easy player to move, and his decision to quash a trade to Houston — and the Astros’ immediate pivot — probably eliminated the best chance of the Cardinals moving him at all. Absent a new approach from the Yankees — New York offered Marcus Stroman for Arenado earlier this winter, which didn’t interest St. Louis — there’s no long-term contender with a clear need at third base and ample payroll space to take on a 34-year-old player whose bat appears to be on the decline.

Chances of a trade shouldn’t be considered dead and buried, of course. Spring injuries could always create a need for a big-payroll contender whose options at that juncture are limited. Such circumstances could prove a meaningful catalyst. Trades elsewhere on the market could alter another team’s considerations at the hot corner and spark some interest in Arenado. For now, however, it seems increasingly likely that Arenado may not have the market to facilitate a trade. If the Cardinals begrudgingly come to feel the same, it could create some fascinating ripple effects with regard to the rest of their roster.

Red Sox Notes: Arenado, Casas, Bregman, Sasaki

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Reports last month from MLB.com’s John Denton indicated that the Red Sox, Mets, Phillies, Padres, Dodgers, and Angels were six of the teams (and perhaps the only six teams) Nolan Arenado was willing to waive his no-trade protection to join, should the Cardinals work out an acceptable swap with any of these clubs.  Four weeks after that initial report, Boston remains “a preferred destination” for Arenado, according to MassLive.com’s Chris Cotillo and Sean McAdam.  What isn’t known, however, is if the Red Sox and Cardinals are anywhere close on a deal, or if the Sox are particularly motivated to bring Arenado to Beantown.

Acquiring Arenado would check a couple of big needs off of Boston’s offseason shopping list.  Chief baseball officer Craig Breslow reiterated earlier this week that the Sox were looking to add “a right-handed bat out of the middle of the lineup,” considering that the team is heavy with left-handed hitters.  Bringing one of the best defensive third basemen of all time to Fenway Park would instantly help Boston’s subpar infield defense, and Arenado would even be reunited with his good friend and former Rockies teammate Trevor Story.

One initial roadblock, of course, is the fact that the Red Sox already have a star third baseman in Rafael Devers.  Though Arenado has indicated that he is open to a position change in the right circumstance and Devers’ agent said in no uncertain terms in November that his client was staying at third base, it is hard to believe that Arenado would move off the hot corner in deference to a much weaker fielder in Devers.  If a trade did happen, Devers would presumably become the new first baseman or DH, though this creates other conflicts with Triston Casas and Masataka Yoshida.

Both of those players, however, have been mentioned in trade talks this winter, and even in some of the same trade talks.  Casas is the far more valuable trade asset of the two, and while Breslow said “we’re certainly not shopping him,” that naturally doesn’t mean Casas is off limits.  Indeed, Cotillo and McAdam write that “there remains a belief in the industry that the Red Sox remain open to trading Casas, potentially for young pitching, to facilitate other roster maneuvering.”

It could be that the Sox are looking to first trade Casas before making any other moves, as their leverage in a Casas deal would be lessened if the Red Sox created a positional logjam beforehand.  Trading Casas purely as a vehicle to clear payroll space surely isn’t Breslow’s preference, which is why that aforementioned attempt to link Yoshida and Casas together was still part of an attempt to bring Luis Castillo from Seattle to Boston.

Payroll is also a major aspect of any Arenado trade, as the third baseman is owed $74MM over the remaining three seasons of his contract.  Between deferrals and the $10MM being covered by the Rockies, the present-day value of Arenado’s contract reportedly works out to $60MM.  The Cardinals’ chief incentive in trading Arenado is naturally to move as much of this money as possible, and the proposed deal with the Astros that Arenado blocked would’ve seen Houston take on either $45MM (as per Katie Woo and Chandler Rome of the Athletic) or $59MM (as per ESPN’s Jeff Passan) of the $60MM figure.

Theoretically, the Red Sox could absorb the entire contract and still stay under the $241MM luxury tax threshold, as RosterResource estimates Boston’s current tax number at just under $212MM.  It remains unclear exactly how much payroll capacity Breslow has been allotted this winter, as while the Sox have made overtures to several top free agents, their spending has been pretty modest to date.  The Red Sox could perhaps convince the Cardinals to take on a bigger chunk of Arenado’s salary (or at least closer to the $45MM figure) if better prospects are offered in return.  Chaim Bloom’s involvement in this speculative trade is an interesting wrinkle, as the incoming St. Louis president of baseball operations has plenty of knowledge of Boston’s farm system due to his past stint as the Red Sox CBO.

Trading for Arenado would come at a lesser overall cost than signing Alex Bregman, another top third baseman who remains on Boston’s radar.  That said, the Red Sox are known to still be in the running for Bregman, who has some notable ties to the Sox in manager Alex Cora (from their days together in Houston) and his longtime friend Walker Buehler, who just signed with the Sox himself before Christmas.  Buehler recently told Cotillo and other reporters that even in his brief time in a Sox uniform, “I have certainly made a pitch all over the place for [Bregman] to come to Boston.”

Turning to other Red Sox targets, it remains unknown if Boston is still one of the teams getting consideration from Roki Sasaki.  Earlier this week, Sasaki’s agent Joel Wolfe updated reporters on his client’s search for a Major League team, and didn’t give any indication that the right-hander was finished with his in-person meetings with interested clubs.

The Red Sox weren’t one of the seven teams known to have spoken with Sasaki already, and word hasn’t broken if a meeting has been scheduled or perhaps it is has already taken place since Wolfe’s last presser.  As of yesterday, WEEI.com’s Rob Bradford reported that the Sox hadn’t “been told they are out of” the running for Sasaki’s services, so the situation is still up in the air.

Which Teams Can Still Use Nolan Arenado?

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The Cardinals expected to have traded Nolan Arenado by now. President of baseball operations John Mozeliak suggested at the Winter Meetings that a deal could come together within a week or two. That probably would've been the case had the eight-time All-Star not used his no-trade clause to kill talks about a move to the Astros.

That leaves St. Louis in an awkward position. They've publicly shopped Arenado. He's seemingly amenable to waiving his no-trade clause in certain circumstances. For whatever reason, he wasn't interested in going to Houston last month. Subsequent reporting indicated he could consider the Astros in the future, but the team moved on to Christian Walker almost immediately and no longer needs a corner infielder. The Cardinals need to look elsewhere.

Will Sammon and Katie Woo of the Athletic reported this week that there's been minimal traction on an Arenado trade since the Houston talks collapsed. The Yankees, long a speculative fit, are apparently not as interested as it first seemed. The YES Network's Jack Curry pushed back against that notion last week. Jon Heyman also suggested in a Bleacher Report live stream yesterday that the Yankees were more likely to stick with DJ LeMahieu than to go after Arenado.

Where does that leave Mozeliak and company?

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Latest On Nolan Arenado

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It has been about two weeks since Nolan Arenado used his no-trade clause to veto a proposed deal that would’ve seen the veteran third baseman go from the Cardinals to the Astros.  The next step in the Cards’ efforts to trade Arenado remain unclear, as The Athletic’s Will Sammon and Katie Woo report that “there has been minimal traction on Arenado’s front since the Astros deal fell through.”

The lack of activity isn’t exactly surprising given how many factors complicate any potential deal.  The Rockies are covering $10MM of the remaining $74MM owed to Arenado over the last three years of his contract, and some deferred money involved in the contract reportedly makes Arenado’s remaining salary worth $60MM in present-day money.  That’s still a big chunk of change that the Cardinals are looking to mostly shed from their payroll, leaving a fairly limited number of possible suitors who have both payroll space and a need at third base.

To the latter point, Arenado has indicated a willingness to change positions, as his agent Joel Wolfe told reporters during the Winter Meetings.  Arenado is ultimately in the driver’s seat in these negotiations due to his no-trade protection, and past reports have indicated that he would okay a deal to the Phillies, Mets, Red Sox, Angels, Dodgers, or Padres, though it appears this list of preferred destinations is somewhat fluid.

In fact, Houston was on an initial version of that list, as Woo and Chandler Rome wrote earlier this month.  The Astros’ trade of Kyle Tucker just a few days before the proposed Arenado trade reportedly gave him pause about going to Houston, which is why he invoked his no-trade clause at the time.  However, the door wasn’t entirely closed on a potential deal, as Sammon and Woo write that Arenado “was willing to revisit the Astros after further clarity developed in his market (namely, Alex Bregman signing).”

The Astros ended up moving on from both Arenado and Bregman, as they instead signed Christian Walker as their new everyday first baseman, thus pushing Isaac Paredes (acquired in the Tucker deal with the Cubs) across the diamond as the new regular third baseman.  Even with his former team now out of the running, Bregman is still garnering plenty of interest, as such clubs as the Tigers, Blue Jays, Red Sox, Phillies, and Mets have all been linked to him this winter.  Reports have been somewhat mixed about the Yankees’ interest in either Arenado or Bregman, as the primary hold-up in Arenado’s case being New York’s unwillingness to take on the bulk of his remaining salary.

The overlap between Bregman’s market and Arenado’s reported trade preference list is likely why Arenado’s situation hasn’t much changed in the last couple of weeks, as it might take Bregman signing to spark renewed interest in teams returning to trade talks with the Cardinals.  If Arenado can’t be traded at all, St. Louis could simply bring him back for the coming season and perhaps explore deals later — even as early as the trade deadline, as a hot start from Arenado could help erase any worries a suitor might have about his average offensive numbers from the last two seasons.

Keeping Arenado even for the short term doesn’t solve the Cardinals’ desire to cut payroll, however, so Sammon and Woo write the Cards would then likely put a better emphasis on trading a starting pitcher to save some money.  Sonny Gray has indicated he isn’t going to waive his own no-trade protection and Andre Pallante is still in his arbitration-eligible years, leaving Miles Mikolas (owed $16MM in 2025), Steven Matz ($12.5MM) or Erick Fedde ($7.5MM) as the top trade chips.  It seems likely that St. Louis would be open to moving Mikolas or Matz with or without an Arenado trade, though Sammon and Woo note that the Cardinals would prefer to keep Fedde until closer to the deadline, if they move him at all.

Third Base Rumors: Bregman, Arenado, Yankees, Tigers, Astros

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With the Yankees in need of infield help, both Alex Bregman and Nolan Arenado have been linked to the club this offseason, with the idea being that one would become New York’s new third baseman and Jazz Chisholm Jr. would become the full-time second baseman.  However, during an edition of the YES Network’s “Yankees Hot Stove” show earlier this week, Jack Curry said that the Bronx Bombers weren’t in on either Bregman or Arenado, and pushed back on the idea that the Yankees ever had interest in trading for Arenado.

This runs counter to last week’s report (from MLB.com’s Mark Feinsand, John Denton, and Bryan Hoch) that the Yankees offered Marcus Stroman to the Cardinals as part of a trade package for Arenado, though St. Louis rejected the deal.  As always with seemingly contradictory offseason reports, the truth could lie somewhere in the middle.  Hypothetically, it could be that New York’s interest in Arenado was limited to this scenario that would’ve seen Stroman’s salary moved off the team’s books.

Whatever the depth of the Yankees’ interest in Arenado might be, it could be a moot point if Arenado himself isn’t interested in joining the team.  The Yankees aren’t one of the six clubs (the Angels, Dodgers, Padres, Phillies, Mets, Red Sox) Arenado is reportedly willing to waive his no-trade protection to join, and Arenado has already vetoed a proposed deal to the Astros.  There was speculation that New York’s deal with Paul Goldschmidt was made in part to entice Arenado to accept a trade to the Bronx to join his old teammate, yet Curry’s report seems to close the door on that possibility.

In addition to signing Goldschmidt and Max Fried, the Yankees have also traded for Cody Bellinger, Devin Williams, and Fernando Cruz, as GM Brian Cashman has aggressively reloaded the roster after Juan Soto left to sign with the Mets.  Even with some holes left to be addressed, New York is projected (by RosterResource) for a luxury tax number of $303.2MM, and thus the team is already over the maximum penalty threshold of $301MM.

The Yankees could reduce their tax bill by trying to move Stroman or another unfavorable contract, yet the payroll situation might hint at why Arenado or Bregman aren’t (or no longer are) on the radar.  Signing Bregman would require a far higher investment than taking most or all of Arenado’s contract in a trade, plus since Bregman rejected Houston’s qualifying offer, the Yankees would need to give up two draft picks and $1MM in international bonus pool money.  Since the Bombers already paid that extra penalty to sign another qualified free agent in Fried, the club would very likely prefer to avoid further depleting its draft pool and bonus pool by adding Bregman.

If the Yankees are indeed out on Bregman, that leaves the Phillies, Blue Jays, Red Sox, Mets, and Tigers as teams known to have some level of interest in Bregman’s services this winter.  Evan Petzold of the Detroit Free Press shed a little more light on the Tigers’ link in the latest edition of the Days of Roar podcast, noting that “there has been an increase in the Tigers’ prioritization of Bregman” as the offseason has developed, with “more dialogue, more conversation” between the club and Bregman’s camp.

Heading into the offseason, Detroit was viewed as a logical landing spot for Bregman for multiple reasons — his past history with manager A.J. Hinch, the lack of long-term money on the Tigers’ books, and the perception that the Tigers were going to be aggressive in the wake of their Cinderella run to the ALDS last season.  The latter point hasn’t played out to date, as Alex Cobb’s one-year, $15MM deal represents the Motown team’s only major investment of the winter.

Bregman’s reported asking price of at least $200MM appears to be the hold-up, as the Tigers aren’t willing to spend to that level.  What remains unclear is if Detroit is willing to at least approach Bregman’s demands, or if the team is aiming lower overall.  Most of the free agents or trade targets publicly linked to the Tigers in rumors this winter (i.e. Goldschmidt, Carlos Santana, Walker Buehler, Kirby Yates, Erick Fedde, Steven Matz, Andrew Heaney, Kyle Gibson) are either already under contract on short-term deals, or would likely require only one- or two-year investments.  Apart from Bregman, Jack Flaherty and Ha-Seong Kim are the other free agents on the Tigers’ list of targets that would require bigger contracts, and even Kim’s situation is fluid due to the lingering uncertainty surrounding his shoulder surgery.

Bregman already turned down a reported six-year, $156MM offer from the Astros earlier this winter, which was the first step towards what now looks like the end of a reunion possibility between the third baseman and his longtime team.  Acquiring corner infielder Isaac Paredes in the Kyle Tucker trade left open the possibility that Bregman could still be re-signed and Paredes could play first base in Houston, but the Astros’ three-year, $60MM deal with first baseman Christian Walker has now addressed the team’s needs in the corner infield.

While not officially stating that the Astros were now out on Bregman, GM Dana Brown left things pretty clear by stating “Paredes is going to play third and Walker is going to play first” when speaking with reporters (including the Houston Chronicle’s Matt Kawahara) earlier this week.  Brown felt “the negotiations stalled” with Bregman’s camp, leaving the Astros in search of an alternative.

“I thought we made a really competitive offer and showed that we wanted [Bregman] back,” Brown said.  “But we had to pursue other options, we couldn’t just sit there.  We locked in Paredes early in that trade knowing that he could play third or first. And then when the opportunity to add another bat [Walker] came up, we just jumped on it.”

Cardinals Reportedly Declined Offer Of Marcus Stroman For Nolan Arenado

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Earlier this offseason, the Cardinals declined an offer from the Yankees that could’ve sent Marcus Stroman to St. Louis for Nolan Arenado, according to a report from Mark Feinsand, John Denton and Bryan Hoch of MLB.com. It’s unknown whether Arenado would have approved that trade. MLB.com reports that the Cardinals never brought it to the star third baseman because they were uninterested in acquiring Stroman.

That’s not to say that talks between the clubs on Arenado are finished. The Yankees still have needs at both corner infield positions. Feinsand, Denton and Hoch report that they’re showing increased interest in Paul Goldschmidt at first base. They write that signing Goldschmidt might make Arenado more likely to waive his no-trade clause to join his former teammate as a corner infield tandem in the Bronx.

Various reports have tied the Yankees to Goldschmidt throughout this week. It seems they’ll turn to one of the short-term free agent options to upgrade first base. Ken Rosenthal of the Athletic reported on Thursday that the Yankees were increasingly likely to pursue a more affordable first baseman than to spend at the top of the market for Pete Alonso or Christian Walker. Walker, whom the Yankees had reportedly preferred to Alonso, has subsequently come off the board on a $60MM deal to Houston.

Interestingly, Goldschmidt’s asking price could itself prove a sticking point. Most predictions, MLBTR’s included, assumed he’d sign a one-year deal as he enters his age-37 season. Feinsand, Denton and Hoch report that Goldschmidt is seeking multiple years. That doesn’t guarantee he’ll find a two-year deal, of course, which would be a lofty ask coming off a middling season.

Goldschmidt hit .245/.302/.414 with 22 homers during his final year in St. Louis. He posted career-worst strikeout and walk rates with overall offense that measured exactly league average. Goldschmidt had a better second half after a dismal start to the season, but the overall numbers are worrisome given his age. MLBTR felt he’d secure $15MM on a one-year deal.

Money is also a complicating factor on Arenado. Even if the Yankees signed Goldschmidt and Arenado were willing to play there, they’d still need to find an agreeable return with St. Louis. The Cardinals owe the eight-time All-Star $64MM over the next three seasons, while the Rockies are on the hook for another $10MM between 2025-26. (Colorado’s obligations would carry over in the event of a trade.) $12MM of the Cardinals’ $64MM is deferred. MLB.com writes that the net present value of what St. Louis owes is around $60MM.

The Cardinals are trying to shed at least the vast majority of that deal. Katie Woo and Chandler Rome of The Athletic reported that the Astros would’ve absorbed around $45MM had Arenado not vetoed the proposed trade to Houston earlier this week. ESPN’s Jeff Passan reported differently, writing that Houston would have taken $59MM. In either case, the Cardinals would have shed most of the money.

Derrick Goold of the St. Louis Post-Dispatch wrote this afternoon that the extent of the Yankees’ interest in Arenado depends on how much of the deal the Cardinals would cover. While it’s not known how much the Yankees want St. Louis to eat, their proposal of Stroman would’ve been a financial counterbalance. The righty will make $18MM next season and would trigger a matching player option for 2026 if he throws 140 innings. An Arenado/Stroman swap would’ve gotten the Cardinals off the hook for the former’s salaries in 2026-27, but it would not have represented a significant cut next season.

Arenado has a $32MM salary next year, $5MM of which is Colorado’s responsibility. Another $6MM is deferred, so the immediate savings for St. Louis would only have been $3MM. The Cardinals could have tried to flip Stroman themselves. The righty is coming off a 4.31 ERA over 154 2/3 innings. His salary is above market but not egregiously so, but it doesn’t seem the Cardinals had any interest in that sequence of moves.

A player’s competitive balance tax number resets if they’re traded. Assuming the NPV on Arenado’s contract is around three years and $60MM, he’d carry an approximate $20MM luxury tax hit for an acquiring team if the Cardinals did not eat any money. RosterResource calculates New York’s luxury tax number around $287MM. Signing Goldschmidt or taking most of Arenado’s contract would push them beyond the $301MM final tax tier. Doing both would vault them well beyond $301MM, which comes with a 110% tax on every dollar spent from that point.

Latest On Nolan Arenado

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The potential for a Nolan Arenado trade has been one of the most persistent storylines of the 2024-25 offseason, and Arenado surged into the spotlight yesterday when it was reported that he invoked his no-trade clause to quash a deal that would’ve sent him to the Astros.

Further details on the matter, unsurprisingly, have continued to leak out today and presumably will in the days and weeks ahead. Derrick Goold of the St. Louis Post-Dispatch reports that while Arenado vetoed the potential deal to Houston, the Cardinals and Astros will continue to negotiate and an eventual deal remains possible. Of further note, while there’s been plenty of talk regarding the number of teams to which Arenado would approve a trade, Goold suggests that the third baseman has not at any point submitted a formal list of such teams to the Cardinals. Around five teams have spoken with the Cardinals about a trade, per the report.

The lack of a firm list could potentially be due to the fact that Arenado’s willingness to approve a trade to another club is context-dependent. Agent Joel Wolfe made clear at last week’s Winter Meetings that Arenado’s goal is to land with a clear win-now team that will continue to pursue a World Series title for the balance of the three years remaining on his contract. A team’s offseason dealings can impact the perception of whether they’re a true long-term contender.

Katie Woo and Chandler Rome of The Athletic report that, somewhat ironically, the very same move that in some regards paved the way for Houston’s pursuit of Arenado might’ve reduced his willingness to go there: the trade of Kyle Tucker to the Cubs. For a player seeking a perennial win-now atmosphere, a team simultaneously trading its best player and balking at re-signing a franchise cornerstone (Alex Bregman) logically raises some red flags. Woo and Rome write that Arenado wants to further see how the third-base market plays out before making any kind of decision, with Bregman’s eventual landing spot being one potential factor.

If that sounds counterintuitive, consider that Arenado could be viewed as something of a “Plan B” for teams with interest in Bregman. Bregman has been linked to both the Yankees and Red Sox, for instance. Either could hold appeal to Arenado, speculatively speaking, but they may choose not to ramp up their pursuit until Bregman is off the table. Revisiting the talks with Houston could also occur if Bregman signs elsewhere.

MLB.com’s John Denton appeared on 101 ESPN’s BK and Ferrario Show in St. Louis this morning and touched on the Arenado saga as well. He echoed many of the same points made in those reports and in his own reporting in helping break the no-trade development yesterday, but he added the wrinkle that Arenado is still holding out hope for a potential match with the Dodgers.

While Dodgers brass has publicly indicated that Max Muncy will be the team’s third baseman next season, Denton suggested some gamesmanship in those comments and reports that the Dodgers still have some interest in Arenado. It’s hard to see how that’d work with Muncy in the fold, Freddie Freeman at first base and Shohei Ohtani locked in at designated hitter.

Muncy would make a pricey and overqualified bench player. He’s a highly affordable starter at third, owed $12MM this year with a $10MM club option for 2026. Muncy doesn’t have a no-trade clause, but the 2023-24 version of Arenado isn’t a clear upgrade overall — certainly not when Muncy has been the superior hitter. Muncy’s .232/.358/.494 slash in 2024 (135 wRC+) outpaces Arenado’s .272/.325/.394 output (102 wRC+) — higher batting average for Arenado notwithstanding. Those roadblocks aside, Denton feels the Dodgers aren’t entirely out of the question and that Arenado isn’t likely to approve a deal anywhere “until the Dodgers tell him no to his face.”

There were clearly many factors that went into Arenado’s decision to utilize his no-trade provision, but regardless of the specifics, the scratched Houston deal leaves the Cards in limbo. They’d like to open third base playing time for younger players (e.g. Nolan Gorman, perhaps Jordan Walker) and are simultaneously hopeful of scaling back payroll ahead of next year’s player development-focused “reset” year.

Trading Arenado would’ve done just that, particularly with the Astros apparently willing to foot the majority of the bill. Woo and Rome indicate that Houston was willing to cover around $45MM of Arenado’s deal. ESPN’s Jeff Passan hears differently, reporting that the Astros were willing to cover a heftier $59MM of the $74MM remaining on the contract. That’s on top of the $10MM the Rockies are covering under the terms of their prior deal. In essence, it seems the Cardinals would’ve only been on the hook for anywhere from $5-19MM in total — as compared to the $64MM they currently owe Arenado ($12MM of which is deferred). Woo and Rome write that president of baseball operations John Mozeliak is “facing pressure from ownership” to further reduce payroll.

Taking a step further back, Arenado’s various reported reasons for saying no to the Astros — at least for the time being — suggest we may not get resolution on his trade candidacy anytime soon. If Arenado is waiting to see both whether the Dodgers make a serious push and to see where Bregman lands (perhaps opening the door for a match with an AL East contender), then the Cardinals’ hands are tied to an extent. Passan writes that the Houston veto could push the Cards to show willingness to eat more of the contract, thus bringing in additional suitors. Even in that scenario, the ball would be squarely in Arenado’s court, and if he’s willing to wait out several related market factors, this saga could drag on for some time.

In that scenario, the Cardinals might well be forced to look into other ways they could shed some payroll. Steven Matz ($12MM), Erick Fedde ($7.5MM) and Ryan Helsley (projected $6.9MM) are among the other short-term veterans on the roster who don’t hold the same no-trade provisions that Arenado, Sonny Gray, Willson Contreras and Miles Mikolas hold. Both Contreras and Gray have reportedly told the Cardinals that they prefer to stay in St. Louis and do not plan to waive their no-trade rights.

Nolan Arenado Uses No-Trade Clause To Block Trade To Astros

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The Cardinals are known to be looking to trade Nolan Arenado this offseason, but the talks are complicated by the fact that he has a full no-trade clause in his contract. Per a report today from Mark Feinsand, John Denton and Brian McTaggart of MLB.com, the Cards and Astros were in discussion on a trade to send him to Houston before Arenado informed St. Louis that he would not be waiving his no-trade clause to join the Astros. Katie Woo and Chandler Rome of The Athletic provided some additional details.

The Cardinals are planning for 2025 to be sort of a reset year, which has put Arenado’s name into trade rumors for the past few months. At the winter meetings last week, Cardinals president of baseball operations John Mozeliak said that he intended to try to line up a deal. The idea would seem to be mutually beneficial. Arenado turns 34 in March and could get a chance to go to a club with more immediate aims of playing competitive baseball. The Cards would save some money and open up playing time to get looks at less established players like Nolan Gorman or Jordan Walker.

But as mentioned, Arenado gets a say in the matter via that no-trade clause. It was reported last week that he would approve a trade to six teams: the Angels, Dodgers, Padres, Phillies, Mets, or Red Sox. It wasn’t clear if that was an exhaustive list but the Astros weren’t on it. Per today’s report from Woo and Rome, that list originally included the Astros but they were removed, perhaps due to the recent Kyle Tucker trade and uncertainty around the Alex Bregman situation.

Speaking of Bregman, he has long been the third baseman in Houston, though there are some signs they are planning on moving on. In the years leading up to his free agency, they repeatedly said that they wanted to re-sign him but no deal ever came together. He is still unsigned but there was reportedly a gap in the negotiations, with the club offering him $156MM over six years while he was looking for something more in the $200MM range.

On top of that, the Astros made a big trade last week which arguably got them a Bregman replacement for the hot corner. In sending Tucker to the Cubs, the Astros got three players back, one of whom was Isaac Paredes. While Paredes has played all four infield positions, he’s played third base far more than the other three spots combined.

But in the aftermath of that trade, it was reported that the Astros were emerging as “a serious suitor” for Arenado. Since Arenado is renowned for his third base defense, the plan would presumably be to move Paredes over to first base, since that’s also a target area for Houston. Though it appears Arenado isn’t on board, which puts that whole plan on ice for now.

It’s not clear what the full deal was or why Arenado decided to put the kibosh on it. All reporting has suggested that winning is Arenado’s primary motivation with his theoretical next team and the Astros would seemingly fit the bill. Despite just trading Tucker, they are still planning to compete again in 2025 and have been one of the winningest clubs of the past decade. Perhaps his decision has something to do with geography, the Astros sign-stealing scandal or the Astros-Cardinals data breach scandal, though those would be just guesses. Woo and Rome’s report suggests that he wants more time to make his decision and this isn’t final.

Aside from Arenado blocking the deal, the most notable item in today’s reporting is that the Cardinals were apparently willing to eat money. Arenado is going to make $74MM over the next three years but $10MM is covered by the Rockies as part of the trade that sent him from Colorado to St. Louis. There are also some deferrals, which apparently drop the present day value of what’s owed from $64MM to about $60MM, per the MLB.com column. But the Cards were willing to include $15-20MM so that the Astros would only be on the hook for $40-45MM of that. The Athletic says the Cards were willing to eat $5MM per season for the rest of the deal, or exactly $15MM.

That’s a sensible position for the Cards to take. While lowering the payroll is a goal for their planned reset year, it’s already projected to be well below their recent spending levels. RosterResource projects the 2025 payroll to be almost $40MM below 2024 levels. Trading Arenado, even if they eat some of the money, would only widen that gap while allowing the club to get a more notable return in terms of young talent.

It also may have helped the Astros stay under the competitive balance tax, with RosterResource currently putting their number at $225MM. If they were to take on roughly three years and $45MM of Arenado’s deal, that would add $15MM to their number and put them right around the $241MM base threshold.

Now the major questions will be about what comes next for each club. Both reports suggest that the Astros and Cardinals will continue having discussions, but it’s possible that they may have to pivot to other options while they are still available, depending on how much time Arenado wants to make up his mind about Houston. The Astros could look to restart negotiations with Bregman or pivot to a first baseman like Christian Walker. The Cardinals could try to negotiate a new deal with one of the other clubs that Arenado is perhaps less hesitant about joining.

Arenado was an MVP finalist as recently as a couple of years ago but his offense has dipped in recent years. In 2022, he hit 30 home runs and slashed .293/.358/.533 for a 149 wRC+. When combined with his excellent glovework, FanGraphs credited him with 7.2 wins above replacement that year. But over the past two years, he has hit .269/.320/.426 for a 104 wRC+, barely above league average. He’s still been worth close to 3 fWAR annually in that time thanks to the defense, but it’s obviously a concerning drop. Most of his home runs come to the pull side, so playing in front of Houston’s Crawford Boxes could be a good fit for him, but he would have to want that.

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