Red Sox Sign Alex Bregman To Three-Year Deal
TODAY: The Red Sox officially announced Bregman’s deal. To create roster space, Patrick Sandoval was moved to the 60-day injured list. Sandoval underwent an internal brace procedure on his left UCL last June, so he was already expected to be out of action until the second half of the 2025 season. Speier also provided some added details on the contract’s structure, writing that $20MM will be deferred in each of the three seasons. Bregman will begin receiving these deferred payments in 10 years’ time.
Feb. 13: The deferred money in the contract knocks the net present value of Bregman’s three-year deal into the $90MM range, ESPN’s Buster Olney reports. Per Alex Speier of the Boston Globe and Chris Cotillo of MassLive, the AAV will be calculated as $31.7MM for CBT purposes. Speier adds that there’s a $5MM signing bonus, followed by a $35MM salary in 2025, then $40MM salaries in the final two seasons.
Feb. 12: The Red Sox are reportedly in agreement with Alex Bregman on a three-year, $120MM deal. The Boras Corporation client receives massive $40MM salaries in each season, though an unreported amount of that money is deferred. Bregman can opt out after each of the first two seasons. The team has yet to officially announce the signing.
Boston gets the best remaining free agent by offering a massive annual sum. Bregman reportedly had a standing six-year offer valued at $156MM from the Astros for most of the offseason. The Tigers reportedly put forth a six-year, $171.5MM proposal, while the Cubs offered a $120MM guarantee over a four-year term. As of last month, Bregman remained committed to a long-term deal. The Sox’s willingness to offer one of the biggest AAVs in league history changed the calculus.
It marks the end of an illustrious tenure in Houston. The second overall pick in the 2015 draft, Bregman was in the majors within a year of coming out of LSU. He immediately locked down third base. He hit .284/.352/.475 over his first full big league campaign, helping the Astros to their first World Series title in 2017. He was one of the top handful of players in baseball over the next two seasons. Bregman secured consecutive top five finishes in AL MVP balloting while combining for a .291/.409/.561 slash with more walks than strikeouts between 2018-19.
Bregman, 31 in March, successively hit 31 and 41 home runs over that stretch. His power production has ticked down since the ’19 campaign, which was the most homer-heavy season in league history. Bregman has hit between 23 and 26 homers in each of the past three seasons. He’d continued to post excellent on-base numbers up through 2023, though his OBP dropped last year as his walks plummeted.
The two-time All-Star hit .260/.315/.453 across 634 trips to the plate in 2024. He had by far his lowest on-base percentage since his half-season as a rookie nearly a decade ago. That was almost entirely because of a drop in free passes. Bregman walked in 6.9% of his plate appearances, nearly halving his typical 12-13% rates. He remained incredibly difficult to punch out (13.6% strikeout rate) and narrowly established a new career high with a 40.1% hard contact percentage.
Bregman started the season very slowly. He hit .216/.283/.294 with only one home run through the end of April. While his power started to rebound in May, he reached base at a meager .276 clip that month. He entered June with a .219/.280/.372 slash line that was beginning to raise questions about his earning power. He put those to rest with a fantastic finish to the season. Bregman hit .284/.337/.500 with 20 doubles and 19 home runs across his final 398 plate appearances. While the walks remained down, he managed much better batted ball results in the second half.
Over eight-plus seasons with the Astros, Bregman hit .272/.366/.483 with 191 home runs. FanGraphs and Baseball Reference each valued his Houston tenure around 40 wins above replacement. He won a Silver Slugger and was MVP runner-up in 2019 and won his first career Gold Glove last season. He has been an instrumental piece of Houston’s sustained postseason success and World Series wins in 2017 and ’23. His swing is perfectly suited for the short left field at Houston’s home park. Bregman certainly hasn’t been a product of the Crawford Boxes, though. He has been essentially the same hitter on the road (.275/.362/.489) and at home (.270/.369/.476).
Bregman will have a similar home setup with the Green Monster at Fenway. He’ll reunite with Sox manager Alex Cora, who was Houston’s bench coach in 2017. While the Sox’s front office had trepidation about adding another long-term infield commitment alongside Rafael Devers and Trevor Story, they were willing to pay handsomely in the short term.
Boston had roughly $210MM in luxury tax commitments going into this evening, as calculated by RosterResource. A $40MM average annual value for Bregman would push that close to $250MM. The actual AAV won’t be quite so high, as the deferrals will drop the net present value to an extent. It’s likely that the Sox will still end up beyond the $241MM luxury tax threshold. They didn’t pay the CBT last season, so they’d only owe a 20% tax on spending between $241MM and $261MM. Even a true $40MM AAV for Bregman would only come with a $1.8MM tax hit for the Sox.
It’s the culmination of an exciting offseason for chief baseball officer Craig Breslow and his staff. The Sox opened the winter looking to add upside in their rotation. They eschewed long-term pitching investments, instead acquiring Garrett Crochet for four prospects while bringing in Walker Buehler on a one-year, $21.05MM deal. Boston signed Patrick Sandoval to a two-year contract midway through his rehab from Tommy John surgery and made a pair of one-year pickups in the bullpen (Aroldis Chapman, Justin Wilson).
Adding a right-handed bat was the one offseason goal that the Sox had not accomplished. While an outfielder may have been a cleaner roster fit, Bregman’s willingness to move off his longtime position makes this workable. The Sox intend to play him at second base, according to ESPN’s Jeff Passan. That made him a better fit than Nolan Arenado, who has been connected to the Sox in trade rumors for much of the winter.
Devers has been vocal about preferring to stick at third base. Bregman is a superior defender at the hot corner, but he should be athletic enough to move to the keystone for at least one season. He’d likely have spent most of his career in the middle infield had he not broken in with a team that had a Jose Altuve/Carlos Correa pairing.
That blocks the path to playing time for top prospect Kristian Campbell in the short term. The 22-year-old had a monster minor league season (.330/.439/.558 between three levels) to put himself in consideration for the second base job. Campbell seems likelier to begin the year in Triple-A Worcester now. He has played both middle infield positions and all three outfield spots in the minors, though, so the Sox should be able to find playing time for him somewhere as injuries arise throughout the year.
Campbell’s presence is probably a big reason the Red Sox kept this to a short-term commitment. Julian McWilliams of the Boston Globe reports that Boston wasn’t interested in going past three guaranteed years. The tradeoff involves one of the largest per-year commitments in MLB history. The pre-deferral $40MM AAV is tied for the sixth-largest ever. It’s the second-biggest of this winter behind Juan Soto’s $51MM AAV and ties the Aaron Judge deal for third in history among position players (trailing Shohei Ohtani and Soto).
Bregman was the final unsigned free agent who had declined a qualifying offer. Boston surrenders their second-round pick (54th overall) in the upcoming draft, as well as $500K from their international signing bonus pool in 2026. They’re getting a compensatory pick about 20 spots later with Nick Pivetta signing with San Diego, so the draft capital comes out relatively close to a wash. As luxury tax payors, the Astros get the lowest compensation pick for Bregman’s departure — a selection after the fourth round, which lands around 137th overall.
Chandler Rome of The Athletic first reported that Bregman was signing with the Red Sox on a three-year, $120MM deal. Jon Heyman of The New York Post had the presence of deferrals. Ari Alexander of Houston’s KPRC-2 had the even salary structure. Image courtesy of Imagn.
Players Who Could Move To The 60-Day IL Once Spring Training Begins
Most of the clubs in the league currently have a full 40-man roster, which means that just about every transaction requires a corresponding move these days. Some extra roster flexibility is on the way, however. The 60-day injured list goes away five days after the World Series but comes back when pitchers and catchers report to spring training.
Per R.J. Anderson of CBS Sports, most clubs have a report date of February 12th or 13th. The Cubs and Dodgers are a bit earlier than most, on the 9th and 11th, respectively. That’s due to the fact that those clubs are heading to Tokyo, with exhibition games in mid-March, followed by regular season games against each other on March 18th and 19th. All the other teams have Opening Day scheduled for March 27th.
It’s worth pointing out that the 60 days don’t start being counted until Opening Day. Although a team can transfer a player to the 60-day IL quite soon, they will likely only do so if they aren’t expecting the player back until end of May or later. A team also must have a full 40-man roster in order to move a player to the 60-day IL.
There are still plenty of free agents still out there, including big names like Alex Bregman and Pete Alonso, as well as Nick Pivetta, Andrew Heaney, David Robertson, Randal Grichuk, Kenley Jansen, Harrison Bader, Lance Lynn, Jose Quintana and many more. Perhaps the extra roster flexibility will spur some deals to come together in the next week or so. It could also increase the ability of some clubs to make waiver claims or small trades for players who have been designated for assignment.
Here are some players who are expected to miss some significant time and could find themselves transferred soon.
Angels: Robert Stephenson
Stephenson underwent a hybrid Tommy John surgery with internal brace in late April. Given the 14-plus months required to recovery from such a procedure, he’s not likely to be ready in the early parts of the 2025 season.
Astros: Cristian Javier, J.P. France, Bennett Sousa
Javier underwent Tommy John surgery in June and is targeting a return in the second half of 2025. France is recovering from shoulder surgery and hoping to return in July. Sousa’s timeline is less clear but he underwent surgery for thoracic outlet syndrome in April. Other possibilities include Luis Garcia and Lance McCullers Jr., who are expected to start the season on the IL but returning in April or May still seems possible.
Athletics: Luis Medina, Ken Waldichuk
Medina underwent Tommy John surgery in August and Waldichuk in May. Medina might miss the entire season while Waldichuk is likely to miss a few months at least.
Blue Jays: Angel Bastardo, Alek Manoah
The Jays grabbed Bastardo from the Red Sox in the Rule 5 draft in December, even though he had Tommy John surgery in June. Manoah also had Tommy John around that time and is hoping to be back by August.
Braves: Joe Jiménez
Jimenez had knee surgery in November with a timeline of eight to twelve months, so he might miss the entire season. Spencer Strider and Ronald Acuña Jr. are also possibilities, though those will be more borderline. Strider had internal brace surgery in April, so returning in May is somewhat possible. Acuña is recovering from a torn ACL last year and it’s possible he’ll miss the first month or so of the season. Given how important both of those players are, Atlanta probably won’t put them on the 60-day IL unless it’s 100% certain that they can’t come back in the first 60 days of the season.
Brewers: Robert Gasser
Gasser had Tommy John surgery in June and will be looking at a late 2025 return even in a best-case scenario.
Diamondbacks: Kyle Nelson
Nelson’s timeline is unclear, but he underwent surgery for thoracic outlet syndrome in May and missed the remainder of the 2024 season.
Dodgers: Gavin Stone, Brusdar Graterol, River Ryan, Kyle Hurt, Emmet Sheehan
Stone underwent shoulder surgery in October that will cause him to miss the entire year. Graterol also underwent shoulder surgery and isn’t expected back until the second half of 2025. Each of Ryan, Hurt and Sheehan required Tommy John surgery in 2024: Ryan in August, Hurt in July and Sheehan in May.
Guardians: Sam Hentges, David Fry, Shane Bieber, Trevor Stephan
Hentges required shoulder surgery in September, with an expected recovery timeline of 12 to 14 months. Fry underwent UCL surgery in November with a more fluid timeline. He won’t be able to throw at all in 2025 but could be cleared for designated hitter action six to eight months from that surgery. Bieber is perhaps a borderline case, as he underwent Tommy John surgery in April. Given his importance, the Guards may not transfer him to the 60-day IL until it’s assured that he won’t be back in the first 60 days of the season. Stephan underwent Tommy John surgery in March and perhaps has a chance to avoid the 60-day IL, depending on his progression.
Mariners: Matt Brash, Jackson Kowar
Brash underwent Tommy John surgery in May. Given the typical 14-month recovery timeline from that procedure, he would be looking at a midsummer return. However, it was reported in November that he’s ahead of schedule and could be back by the end of April. That’s an optimistic timeline but the Mariners will probably hold off moving him to the 60-day IL until the door is closed to an early return. Kowar underwent Tommy John in March, so an early return in 2025 is possible for him, depending on how his recovery is going.
Marlins: Braxton Garrett, Eury Pérez
Garrett just underwent UCL surgery last month and is going to miss the entire 2025 season. Pérez underwent Tommy John surgery in April of last year and will miss at least part of the beginning of the 2025 campaign.
Mets: Christian Scott
Scott required a Tommy John surgery and internal brace hybrid procedure in September and will likely miss the entire 2025 season.
Nationals: Josiah Gray, Mason Thompson
Gray required a Tommy John surgery and internal brace hybrid procedure in July, meaning he’ll miss most or perhaps all of the 2025 season. Thompson required Tommy John surgery in March, so he has a better chance to make an early-season return if his recovery is going well.
Orioles: Kyle Bradish, Tyler Wells
Bradish and Wells each required UCL surgery in June, so they’re both slated to miss the first half of the upcoming campaign.
Padres: Joe Musgrove
Musgrove had Tommy John surgery in October and will therefore miss the entire 2025 season. However, the Padres only have 36 guys on their 40-man roster at the moment, so they’ll need to fill those spots before moving Musgrove to the 60-day IL.
Pirates: Dauri Moreta
Moreta required UCL surgery in March, so an early-season return is possible if his rehab is going well, though he could end up on the 60-day if the club goes easy with his ramp-up or he suffers any kind of setback.
Rangers: Josh Sborz
Sborz underwent shoulder surgery in November and is expected to miss the first two to three months of the upcoming season.
Rays: Nate Lavender, Ha-Seong Kim
The Rays took Lavender from the Mets in the Rule 5 draft, even though he had Tommy John in May and will miss the start of the season. Kim’s status is more up in the air after he had shoulder surgery in October. Various reports have suggested he could return anywhere from April to July. The Rays made a sizable investment in Kim, their largest ever for a position player, so they probably won’t shelve him until they get more clarity on his status.
Red Sox: Patrick Sandoval, Garrett Whitlock, Chris Murphy
Sandoval had internal brace surgery in June of last year and should miss the first half of the season. Whitlock had the same surgery in May, so he could have a bit of a better chance to return in the first 60 days of the season. Murphy underwent a fully Tommy John surgery in April and will certainly miss the beginning of the upcoming season. Another possibility is Lucas Giolito, who had internal brace surgery in March, though he expects to be ready by Opening Day.
Reds: Julian Aguiar, Brandon Williamson
Aguiar underwent Tommy John surgery in October and Williamson in September, so both are likely slated to miss the entire 2025 season.
Tigers: Sawyer Gipson-Long
Gipson-Long underwent internal brace surgery in April. On top of that, he underwent left hip labral repair surgery in July, with the club hoping to address both issues at the same time. It seems likely that he’ll miss some of the early 2025 schedule, but his IL placement will depend on how he’s been progressing.
White Sox: Jesse Scholtens
Scholtens underwent Tommy John surgery in early March. Whether he goes on the 60-day IL or not will depend on how he’s progressed since then and when the White Sox expect him back.
Yankees: Jonathan Loáisiga
Loáisiga underwent internal brace surgery in April, so he could potentially be back on the mound early in the 2025 season. It was reported in December that the Yankees are expecting him to be in the bullpen by late April or early May, so he’ll only end up on the 60-day IL if he suffers a bit of a setback.
Patrick Sandoval Discusses Surgery Recovery, Non-Tender
Left-hander Patrick Sandoval has been through a lot in the past year and recently discussed the twists and turns he’s been through with the MassLive Fenway Rundown podcast, as summarized by Chris Cotillo of MassLive.
The southpaw underwent surgery on his ulnar collateral ligament in July of last year and perhaps the most notable thing he mentioned this week is that he had internal brace surgery and not a full Tommy John procedure. When his surgery was reported last summer, it wasn’t 100% clear if he would require a full UCL reconstruction or the internal brace alternative.
Some in the media just use “Tommy John surgery” as a blanket term to cover any kind of UCL surgery but the distinction can be notable. The internal brace surgery can sometimes allow a player to return to play a couple of months quicker than with a full reconstruction. That’s often not a huge difference but it could make an impact in Sandoval’s case. A full Tommy John surgery usually takes about 14 months to recover from, a timeline that would have pushed Sandoval to a return around September. But since he had the internal brace alternative, it seems he and the Red Sox are a bit more optimistic about what he can contribute in the second half this year.
That timeline also reflects back on the curious decision by the Angels to non-tender him, which was a bit of a surprise when it happened. They could have retained Sandoval via arbitration through both 2025 and 2026. MLBTR contributor Matt Swartz projected him for a salary of $5.9MM this year. Since he wasn’t going to be able to pitch much in 2025, that would limit his ability to raise his salary in 2026, meaning he probably could have been retained for the two years for a total of $12-15MM.
That wouldn’t have been a bad price for a pitcher as talented as Sandoval, even if his recovery eventually hit a snag and it was mostly just for his 2026 contributions. Over the 2021 to 2024 seasons, Sandoval tossed 460 innings, allowing 3.80 earned runs per nine. His 22.6% strikeout rate, 10.2% walk rate and 47.3% ground ball rate were all pretty close to league average.
But the Angels decided to just move on instead, not tendering Sandoval a contract and sending him to free agency, which caught Sandoval off-guard. “I wasn’t expecting it at all,” he said. “I got a call like two minutes before the tender deadline. My agent had let me know that they decided not to tender me. I didn’t really know how to feel. I understood, me coming back from injury, they might not want to pay me that money to just sit and rehab for a year. And they have the right to do that.”
Though the Angels were apparently not keen on the idea of paying for Sandoval’s recovery, other teams were. “The whole free agent experience was insane,” Sandoval says. “You’re not expecting it. I’m thinking I still have two more years until I get that opportunity to choose which team I want to play for. The whole recruiting process or whatever you want to call it, it kind of brought me back to like the high school days of having colleges come and talk to you.”
Sandoval reportedly received some interest from the Phillies but ultimately signed with the Red Sox, a two-year deal that guarantees him $18.25MM, in the form of $5.5MM this year and $12.75MM next year. That’s likely a few million more than he would have made if the Angels just kept him around, so it seems to have worked out for the lefty, though it may have been initially disorienting.
The Red Sox seem to be going into 2025 with a number of wild cards on the pitching staff. Garrett Crochet and Tanner Houck both had breakout seasons in 2024 but pushed their respective workloads to new heights. Walker Buehler came back from a lengthy surgery absence in 2024 but with middling results. Lucas Giolito and Liam Hendriks missed all of last year due to their own surgeries. Garrett Whitlock missed most of it for the same reason.
They figure to open the season with a rotation mix of Crochet, Houck, Buehler, Brayan Bello and Kutter Crawford. Giolito will jump in there, perhaps as soon as Opening Day, with Sandoval likely a few months behind him.
MLBTR Podcast: Brent Rooker’s Extension, Gavin Lux, And Catching Up On The Holiday Transactions
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, host Darragh McDonald is joined by Tim Dierkes of MLB Trade Rumors to discuss…
- The Athletics and Brent Rooker agreeing to a five-year extension (1:40)
- The Dodgers signing Hyeseong Kim and trading Gavin Lux to the Reds (6:40)
- The Diamondbacks signing Corbin Burnes (14:45)
- Do the Blue Jays have unique challenges in signing free agents to come to another country? (16:30)
- Will Burnes opt out in two years and will the Diamondbacks trade a starter now? (21:05)
- The Yankees acquiring Cody Bellinger from the Cubs and signing Paul Goldschmidt (26:35)
- The Astros signing Christian Walker (34:40)
- The Mets signing Sean Manaea and Griffin Canning (39:15)
- The Red Sox signing Walker Buehler and Patrick Sandoval (43:35)
- The Phillies acquiring Jesús Luzardo and signing Max Kepler (50:35)
- The Orioles signing Charlie Morton (55:35)
- The Guardians trading Josh Naylor to the Diamondbacks and signing Carlos Santana (58:30)
- The Rangers trading Nathaniel Lowe to the Nationals and signing Joc Pederson (1:01:25)
- The Nationals get Lowe as well as signing Josh Bell, Michael Soroka and Trevor Williams (1:05:30)
- The Tigers signing Gleyber Torres and shuffling their infield around (1:08:25)
Check out our past episodes!
- Kyle Tucker To The Cubs, And Trades For Devin Williams And Jeffrey Springs – listen here
- Winter Meetings Recap – listen here
- Blake Snell, Dodger Fatigue, And The Simmering Hot Stove – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Red Sox Sign Patrick Sandoval
The Red Sox announced the signing of lefty Patrick Sandoval to a two-year free agent deal. The Wasserman client is reportedly guaranteed $18.25MM. He’ll make $5.5MM in 2025 and $12.75MMM in 2026. Boston’s 40-man roster is now full. Sandoval is currently recovering from Tommy John surgery, performed in June. He’ll miss at least the first half of the 2025 season, if not a bit more, but could be a late-season option in Boston and should be a member of their 2026 rotation.
Sandoval’s two-year guarantee makes the Angels’ decision to non-tender him and his $5.9MM projected salary (via MLBTR contributor Matt Swartz) look all the more dubious. Even if Sandoval had missed all of the 2025 season, he’d have been in line to merely repeat that $5.9MM salary — a total of $11.8MM. There’s no way he would’ve secured a nearly $6.5MM raise on that projected 2025 salary heading into the 2026 season.
The Angels presumably shopped Sandoval around prior to cutting him loose, and market circumstances have changed since that time. Still, recent two-year deals for Tommy John rehabbers on similar timelines (e.g. Tyler Mahle, German Marquez) show that there could eventually have been trade interest in the lefty, but the Halos instead opted for immediate salary flexibility. Perhaps that made it easier for them to sign Yusei Kikuchi on a three-year pact, but Sandoval’s deal with the Red Sox shows that he’d very likely have had at least modest trade value had the Halos tendered him a contract and continued to explore the market for his services.
Though his exact timetable for a return to a big league mound can’t be known this far along in the rehab process, Sandoval is a quality arm who’ll slot into the middle of the Boston rotation whenever he’s cleared. Just days prior to his injury, I took a look at the statistical similarities between Sandoval and another lefty — popular trade target Jesus Luzardo. Dating back to 2021, Sandoval carries a 3.80 ERA with roughly average strikeout numbers (22.6%) and somewhat heavy 10.2% walk rate.
Sandoval’s command isn’t great and never has been, but that number is skewed a bit by an 11.3% mark from 2023 that looks like a clear outlier. Sandoval posted a 9.3% walk rate in 2021, 2022 and 2024. It’s still not good, but it’s only about one percentage point north of league average. He sits 93-94 mph with his four-seamer and sinker alike, complementing those fastballs with a slider that misses bats and a changeup that helps him keep righties at bay. He does still carry a notable platoon split, but right-handed hitters haven’t exactly crushed him (.263/.344/.391) and lefties practically shouldn’t bother swinging (.195/.274/.324).
Sandoval isn’t a star but has proven himself to be a capable third or fourth starter, even in a contending rotation. He’ll obviously open the season on the injured list but will eventually give Boston another arm to join a starting mix that includes Garrett Crochet, Tanner Houck, Kutter Crawford, Brayan Bello and, at some point, Lucas Giolito. Like Sandoval, Giolito is on the mend from UCL surgery, but his was performed last March so he should be back a few months sooner. Garrett Whitlock gives the Sox another potential rotation arm who’s on the mend from a Tommy John procedure, though he could factor into either the ‘pen or the rotation.
The Red Sox could very well add another starting pitcher. They’ve been tied to Corbin Burnes on the free agent market and have also reportedly looked into the availability of Mariners righty Luis Castillo and Padres righty Dylan Cease. With several arms on the mend from surgery and a number of starters with only one full season of rotation experience under their belts (Crochet, Houck, Crawford, Bello), another arm feels prudent — even if it’s not a front-of-the-rotation type.
With Sandoval now in tow, RosterResource projects the Red Sox for a $155MM payroll and about $191MM worth of luxury tax obligations. They’re nowhere close to the $241MM tax threshold, thanks in no small part to going the trade route for their first impactful rotation addition of the winter (Crochet). That leaves ample opportunity for the Sox to bring in another arm and continue to poke around the markets for Alex Bregman, Teoscar Hernandez and other high-profile targets.
ESPN’s Jeff Passan first reported the Red Sox and Sandoval had agreed to a two-year, $18.25MM contract. The Boston Globe’s Alex Speier had the salary breakdown.
Phillies Reportedly Among Teams Interested In Patrick Sandoval
According to Sports Illustrated’s Tom Verducci, the Phillies have expressed interest in signing free agent starter Patrick Sandoval. Verducci also notes the Phillies aren’t alone in considering the left-hander, though he does not name any other teams that might have checked in.
Sandoval, 28, was somewhat surprisingly non-tendered by the Angels earlier this offseason. The southpaw was projected to earn $5.9MM next year in his second season of arbitration eligibility. The Angels seemingly decided that was too much to pay for an arm who will not pitch for most (if not all) of the 2025 campaign; he underwent Tommy John surgery this past June. However, if Sandoval cannot pitch in 2025, he’d likely earn an identical $5.9MM salary in 2026. That’s a total of $11.8MM over both seasons. If he comes back healthy in 2026 and pitches anything like he has over the past four years, $11.8MM would still be an excellent value for his services.
From 2021-24, Sandoval threw 460 innings for the Angels, pitching to a 3.80 ERA and 4.35 SIERA. His 5.08 ERA over 16 starts in 2024 was unsightly, but his 4.26 SIERA suggests he was the victim of some bad luck, as does his high BABIP (.341) and low strand rate (66.2%). According to FanGraphs, Sandoval has been worth 8.8 Wins Above Replacement over the last four seasons, including 1.2 WAR in 16 starts this past year. That’s an average of 2.9 WAR per 150 innings pitched. That kind of production goes for much more than $11.8MM on the open market.
Nevertheless, the Angels decided not to commit themselves to Sandoval, freeing him up to sign elsewhere as a free agent. He is likely looking for a backloaded two-year pact that would allow him to rehab with his new team in 2025 and hopefully pitch a full, healthy season in 2026. A good comparison is the two-year, $22MM contract Tyler Mahle signed with the Rangers last winter. He earned $5.5MM in the first year of the deal and will earn $16.5MM in the second. Like Sandoval, Mahle was rehabbing from Tommy John and unlikely to pitch for most of 2024. What’s more, Mahle had thrown 503 2/3 innings with a 4.22 ERA and 3.93 SIERA in the five seasons preceding his TJS, very similar numbers to Sandoval’s. Mahle had his surgery a month and a half earlier in the season than Sandoval did – early May as opposed to late June – which meant he was more likely to pitch in at least part of the first year of his deal. That might have given Mahle slightly more earning potential than Sandoval has right now. Still, it’s a useful point of comparison to estimate Sandoval’s value on the open market.
It’s easy to see why the Phillies would like the idea of a backloaded contract that keeps costs low next season. Their projected payroll for 2025 (per RosterResource) is currently $271MM, more than $20MM higher than last year’s final tally. However, they have several contracts coming off the books next winter. J.T. Realmuto, Kyle Schwarber, Jordan Romano, and Ranger Suárez will be free agents after this coming season, potentially freeing up more than $60MM in payroll. That would make it easier for Philadelphia to pay Sandoval a higher salary in the second year of his theoretical deal.
Speaking of Suárez, the Phillies could be eyeing Sandoval as a potential replacement if the former leaves in free agency before the 2026 campaign. Like Suárez, Sandoval is a left-hander with a deep arsenal of pitches. Suárez has been a key contributor for Philadelphia over the past four years, and he’s been slightly more productive than Sandoval. In 537 innings, he has a 3.27 ERA, 3.92 SIERA, and 11.2 fWAR. Yet, with Zack Wheeler, Aaron Nola, and Cristopher Sánchez already under contract for several more years and top prospect Andrew Painter nearing his debut, the Phillies might not be interested in keeping Suárez around long-term. Sandoval could represent an intriguing, and less expensive, alternative.
Five Non-Tendered Pitchers To Keep An Eye On This Winter
Every year, MLB’s non-tender deadline sees clubs allow some of their players who remain under team control to test the open market early, whether it be due to an increasing price tag in arbitration or a need for additional space on the club’s 40-man roster. Earlier this evening, we discussed five hitters from this year’s crop of non-tendered players who could be worth keeping an eye on this winter. While none of those players can realistically be expected to follow in the footsteps of Cody Bellinger and Kyle Schwarber, who both re-established themselves as All-Star caliber players following their respective non-tenders, it wouldn’t be so shocking to see a player from this year’s crop of non-tendered arms emerge as a notable player at some point in the future.
The best player to be non-tendered last winter was right-hander Brandon Woodruff, who served as the co-ace of the Brewers rotation alongside Corbin Burnes for years but wound up missing the entire 2024 season as he rehabbed from shoulder surgery. Kevin Gausman stands out as another notable hurler who’s been non-tendered in recent memory, and the veteran right-hander has gone on to have a fabulous career after breaking out at the age of 29. Even if no player from this crop of arms reaches the heights Gausman has, finding an impactful reliever or even a quality starter in the non-tender pile is hardly unheard of. Just this past year, both Spencer Turnbull and Tim Hill went from non-tendered in November to pitching for playoff contenders in 2024. Could anyone from this year’s group of non-tenders follow in their footsteps? Without further ado, let’s take a look at five pitchers who hit free agency following last week’s non-tender deadline and could be worth keeping an eye on throughout the coming offseason. Players are listed in alphabetical order, with their age for the 2025 season in parentheses.
Kyle Finnegan (33)
Finnegan’s non-tender came as something of a shock, as the right-hander actually made his first career All-Star appearance this year. The righty has been a consistent, stable presence at the back of the Nationals’ bullpen throughout the rebuild, pitching to a 3.56 ERA (116 ERA+) overall with a 4.24 FIP and a 23.5% strikeout rate in his 290 1/3 innings of work. Finnegan’s spent much of his time with the club in the closer role as well, and has racked up 88 career saves in 109 opportunities for a conversion rate of 81%. Finnegan’s overall performance this year was roughly in line with his career norms, as he posted a 3.68 ERA and 4.24 FIP in 63 2/3 innings of work while racking up 38 saves in 43 opportunities this year.
Those frequent save opportunities over the years have increased Finnegan’s price tag in arbitration, and he was due to make $8.6MM in his final trip through the process this winter according to projections from MLBTR contributor Matt Swartz. Aside from the high price tag, one other red flag that may have given the Nationals pause regarding their closer was how he wore down throughout the year. After posting an excellent 2.45 ERA and 3.98 FIP in 40 1/3 innings prior to the All-Star break, Finnegan’s final 24 appearances down the stretch saw him surrender a 5.79 ERA with a 4.71 FIP and a strikeout rate of just 16.4%. Despite that potential sign of trouble, though, Finnegan offers late-inning experience, consistent results, and an upper-90s fastball that should attract plenty of attention this winter.
Hoby Milner (34)
Left-handed relief options are always in demand, and Milner figures to receive attention on the free agent market as a southpaw with previous success in the majors if nothing else, even after the Brewers opted to non-tender him rather than pay his projected salary of $2.7MM for the 2025 season. That’s certainly a defensible decision given Milwaukee’s tight budget and Milner’s poor results this year. In 64 2/3 innings of work for the Brewers this year, Milner surrendered an ugly 4.73 ERA that was 11% worse than league average by measure of ERA+. With a heater that fails to break 90 mph, Milner hardly garners attention for his stuff, as well.
That’s not to say he couldn’t be a valuable contributor to a club’s bullpen, however. Rough as Milner’s 2024 campaign was, the underlying numbers were actually far kinder to the southpaw: He struck out a solid 23.9% of opponents while walking just 5.2%, and virtually every advanced metric was extremely bullish on the lefty’s performance this year as he posted a 3.14 FIP, a 3.08 SIERA, and a 3.15 in both xERA and xFIP. Milner also enjoyed the highest groundball rate of his career (51.9%), and may have been victimized by a shockingly low strand rate of just 58.1%. Looking at the three years Milner spent as a fixture of the Milwaukee bullpen from 2022 to 2024 paints the picture of a steady left-handed reliever who could improve plenty of bullpens around the league: in 193 2/3 innings during that time, he posted a 3.44 ERA with a 3.14 FIP overall. That track record should garner major league offers this winter, even if his lackluster season this past year may limit his earning potential.
Cal Quantrill (30)
Quantrill lands on this list by virtue of being the best bet among all non-tender candidates to make 30 big league starts in 2025. The right-hander found himself moved out of his previous organization in advance of the non-tender deadline for the second consecutive winter last week. After being designated for assignment by the Guardians in the days leading up to the deadline last year, the Rockies swung a trade to add him to their rotation. That experiment went fairly well, as Quantrill pitched to a solid if unspectacular 4.98 ERA (93 ERA+) with a 5.32 FIP. Ugly as those numbers look on paper, given the realities of pitching in Coors Field they’re generally consistent with Quantrill’s history as a roughly league average fifth starter.
The right-hander enjoyed a breakout campaign during the 2020 season that was split between Cleveland and San Diego, where he pitched to a 2.25 ERA in 32 innings while working out of the bullpen. He was used as a swing man in Cleveland the following year, and continued to dominate as he posted a 2.89 ERA (despite a pedestrian 4.07 FIP) in 149 2/3 innings of work in 2021. From 2022 onwards, he settled in as a permanent fixture of the rotation and has been a consistently average back-of-the-rotation arm with a 4.35 ERA (96 ERA+) and 4.68 FIP in 80 starts. Averaging more than 26 starts per year with a roughly league average ERA should be enough to earn Quantrill a look from a rotation-needy team this year, though it’s also possible a team could have interest in seeing if he can post stronger numbers out of the bullpen like he did earlier in his career.
Jordan Romano (32)
Romano was perhaps the non-tendered that garnered the most attention in the aftermath of last week’s non-tender deadline. A two-time All-Star, Romano has been the Blue Jays’ closer throughout the majority of their recent competitive window. From 2020 to 2023, the right-hander spun an incredible 2.29 ERA in 200 2/3 innings of work with a 30.8% strikeout rate and a 3.13 FIP. Among relievers with at least 160 innings of work during that time, Romano ranked third by ERA behind only Devin Williams and Emmanuel Clase. Unfortunately, the wheels came off completely for the righty in 2024 as he was shelled for 10 runs in 13 2/3 innings before undergoing arthroscopic elbow surgery that wound up ending his season.
Terrible as Romano’s 2024 campaign was, it’s hard to imagine him not generating significant interest this winter. The right-hander was projected for a $7.75MM salary in his final trip through arbitration this winter, and it wouldn’t be a shock to see him land a similar deal in free agency if multiple clubs see him as a potential buy-low solution in the ninth inning given his strong numbers and 105 career saves in 113 chances (89% conversation rate). Romano’s market naturally still figures to be hampered at least to some extent by not just his struggles in 2024 but also questions surrounding his health. While he’s expected to be ready for Spring Training and have a normal offseason following his surgery this summer, some level of trepidation from clubs is to be expected after any elbow procedure.
Patrick Sandoval (28)
Sandoval stands as both the youngest player on this list and the one most likely to find success as a mid-rotation starter or better in the big leagues at some point in the future. The left-hander was traded from the Astros to the Angels as the return for catcher Martin Maldonado back in 2018, and the southpaw was in the big leagues the following year. While it took some time for Sandoval to get settled into the majors, he found success in a half season of work out of the rotation in 2021 and managed to build upon that with a breakout season the following year. In 2022, Sandoval pitched to an excellent 2.91 ERA with a 3.09 FIP in 148 2/3 innings of work. He struck out 23.7% of opponents and combined that with an excellent 47.4% grounder rate.
Unfortunately, Sandoval’s performance has slipped since then. 2023 was a step backwards for the lefty, as he posted a solid but relatively pedestrian 4.11 ERA (109 ERA+) with a 4.18 FIP in 144 2/3 innings of work. His strikeout rate dropped to just 19.3% that year, while his walk rate skyrocketed to 11.3%. Things took a turn for the worse this year, as he was shelled to the tune of a 5.08 ERA across 16 starts before undergoing Tommy John surgery back in June. That will leave him out of action until at least the second half of 2025, and that layoff combined with Sandoval’s recent lackluster performance made the Halos’ decision to part ways with him somewhat unsurprising. Even so, with Sandoval not scheduled to hit free agency until after the 2026 season, it wouldn’t be a surprise to see a club snap the lefty up on a two-year deal and be glad he did if he can revert to something closer to his 2022 form once he’s back on the mound.
Angels Non-Tender Patrick Sandoval, Three Others
The Angels announced that they declined to tender a contract to left-hander Patrick Sandoval, as well as infielder Eric Wagaman and outfielders Jordyn Adams and Bryce Teodosio.
Sandoval, 28, was projected by MLBTR contributor Matt Swartz to earn $5.9MM. However, he’s not a lock to pitch in 2025 after undergoing Tommy John surgery in late June. In the event that he doesn’t pitch at all, he’d likely have been ticketed for a repeat of that $5.9MM salary in 2026. By tendering him a contract with that type of expected payday, the Halos would’ve effectively been running the risk of committing $11.8MM over two seasons just to get Sandoval’s 2026 season, when he’d be on an innings limit after that UCL reconstruction. He’d been slated to reach free agency in the 2026-27 offseason.
While the health outlook is uncertain, Sandoval is clearly a quality arm when healthy. He ought to be able to find a modest two-year deal that’ll pay him to rehab in year one and hopefully pitch in year two of the contract. Just days before his injury, MLBTR’s Steve Adams took a look at the similarities between Sandoval and oft-cited trade candidate Jesus Luzardo, noting that the two are quite comparable from a statistical standpoint.
Dating back to 2021, Sandoval sports a 3.80 ERA, 22.6% strikeout rate and 10.2% walk rate in 460 innings of work. His command has never been great, but that walk rate is inflated by an anomalous 11.3% mark in 2023. Sandoval’s walk rate in the other three seasons has sat at 9.3% — not good, but not egregiously poor. The lefty sits 93-94 mph with his heater, misses bats at a roughly average level and piles up grounders at a strong 47.5% clip. He’s not a star, but Sandoval is a fine third or fourth starter for a competitive club.
Teodosio made his major league debut this year and played in five games. Adams and Wagaman were designated for assignment earlier this week. Any of that trio could potentially return on minor league deals. Sandoval is a near lock for a big league contract, potentially a backloaded two-year deal to cover the second season of his rehab.
American League Non-Tenders: 11/22/24
The deadline to tender a contract to arbitration-eligible players is tonight at 7pm CT. Here’s a rundown of the players on American League teams that have been non-tendered today. This post will be updated as more decisions are revealed. MLBTR contributor Matt Swartz projected salaries for all players eligible for arbitration last month. All players who are non-tendered before this evening’s deadline go directly into free agency, where they’re eligible to sign with any of MLB’s 30 clubs.
Onto the transactions…
- The Angels announced that they have non-tendered left-hander Patrick Sandoval, infielder Eric Wagaman, as well as outfielders Jordyn Adams and Bryce Teodosio. You can read more about those moves here.
- The Astros tendered contracts to their entire arbitration class.
- The Athletics announced that they did not tender a contract to right-hander Dany Jiménez, who was projected for a $1MM salary. He posted a 4.91 in 25 appearances for the A’s in 2024. He struck out 21.4% of opponents but gave out walks at a 16.2% clip.
- The Blue Jays are planning to non-tender righty Dillon Tate, per Ben Nicholson Smith and Shi Davidi of Sportsnet (X link). Tate was just claimed off waivers at the start of September and had a projected salary of $1.9MM. He’s a former fourth overall pick with some good numbers in his career but he missed most of 2023 due to injury and then posted a 4.66 ERA in 2024. The Jays are also non-tendering righty Jordan Romano, which you can read more about here.
- The Guardians have non-tendered outfielder George Valera and right-hander Connor Gillispie, per Paul Hoynes of cleveland.com (X link). Both players were designated for assignment earlier this week.
- The Mariners are going to non-tender outfielder Sam Haggerty, per Ari Alexander of KPRC 2 (X link). He was limited to just eight games in 2024 due to a torn achilles. He was only projected for a salary of $900K but the M’s have decided to move on. They also non-tendered infielder Josh Rojas and righties Austin Voth and JT Chargois, moves that are covered with more depth here.
- The Orioles plan to non-tender right-hander Jacob Webb, per Andy Kostka of the Baltimore Banner (X link). Webb was projected for a salary of $1.7MM next year. The righty tossed 56 2/3 innings for the O’s in 2024 with a 3.02 ERA and 24.5% strikeout rate, but an 11.4% walk rate.
- The Rays announced they have non-tendered outfielder Dylan Carlson as well as left-handers Tyler Alexander, Colin Poche and Richard Lovelady. Marc Topkin of the Tampa Bay Times relayed the news (X link) prior to the official announcement. Carlson once seemed like a building block in St. Louis but his offense has declined for three straight years now and he was projected for a $2.7MM salary. Alexander was projected for $2.8MM and had a 5.10 ERA this year. Poche had a solid 3.86 ERA but was projected for $3.4MM. Lovelady was designated for assignment a few days ago.
- The Rangers tendered contracts to their entire arbitration class.
- The Red Sox announced that right-handers Bryan Mata and Isaiah Campbell were both non-tendered. Those two had been designated for assignment earlier this week.
- The Royals tendered contracts to their entire arbitration class.
- The Tigers announced that they have non-tendered infielder Eddys Leonard as well as right-handers Ricky Vanasco, Brendan White and Wilmer Flores. Three of those four were designated for assignment earlier this week. Flores, the lone exception, is the younger brother of the same-named Wilmer Flores of the Giants. The younger Flores was once a notable pitching prospect but was injured for most of 2024.
- The Twins tendered contracts to their entire arbitration class.
- The Yankees have non-tendered infielder Jon Berti, per Robert Murray of FanSided (X link). He was projected for a salary of $3.8MM. He was injured for much of the year and only got into 25 games. The Yankees also announced that they have non-tendered left-hander Tim Mayza, who was projected for a $4MM salary but had a 6.33 ERA in 2024.
- The White Sox will non-tender first baseman/outfielder Gavin Sheets, which MLBTR covered earlier today. The Sox later announced Sheets and also that they non-tendered right-hander Enyel De Los Santos as well. De Los Santos was projected for a salary of $1.7MM but posted a 5.20 ERA this year.
MLBTR Podcast: Injured Trade Candidates, The Cristopher Sánchez Extension And Blue Jays’ Woes
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…
- The injuries to Patrick Sandoval of the Angels as well as Jesús Luzardo and Braxton Garrett of the Marlins, and the potential impacts on the trade deadline (2:30)
- The Phillies and Cristopher Sánchez sign an extension (11:45)
- The Blue Jays lose Orelvis Martínez to a PED suspension, on top of other struggles (18:45)
Plus, we answer your questions, including…
- “What would it take for the Rockies to consider trading some young assets like Ryan McMahon or Brendan Rodgers?” (23:55)
- “The Astros are clearly out of it, so why isn’t Ryan Pressly a top target of teams with bad bullpens?” (30:35)
- “Would the Marlins or Nationals trade with the Mets, Phillies or Braves, with Jazz Chisholm Jr. and Lane Thomas being good fits?” (39:25)
- “Will T.J. McFarland of the Athletics be traded to the Cubs or another contender?” (47:45)
Check out our past episodes!
- José Abreu’s Release, Mookie Betts and Yoshinobu Yamamoto Hit The IL And Even More Injuries – listen here
- Injured Astros, The Chances Of Bad Teams Rebounding In 2025 And More – listen here
- Gambling Scandal, The State Of The Blue Jays And The Orioles’ Rotation Depth – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!