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Pete Alonso

What Could Pete Alonso’s Market Look Like On A Short-Term Deal?

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As the offseason wears on, talk about a potential short-term deal for Pete Alonso only intensifies. The slugger is one of the sport's most prolific home run hitters, second only to Aaron Judge dating back to Alonso's 2019 MLB debut. He's a consistent 30- or 40-homer presence who's anchored the middle of the Mets' lineup from the moment he set foot in the majors. The "Polar Bear" is a former Home Run Derby winner who's leaned into the spectacle of that summer showcase, participating in the event for five straight years and taking home the trophy on two different occasions.

Alonso is a marketable, star-caliber player who'd improve any lineup -- even on the heels of a downturn in performance (relative to his lofty standards). After slashing .261/.349/.535 through his first four MLB campaigns, Alonso has dipped to "only" .229/.324/.480 over the past two seasons. He's still corked 80 homers in that time and been 21% better than average at the plate by measure of wRC+, but it's a notable departure from Alonso's first four seasons, when wRC+ pegged him 37% better than the average hitter.

For a player who just turned 30 and doesn't bring much to the table with the glove or on the bases, any dip in production is worrying. Alonso's strikeout rate has also crept back up. After falling from 26.4% to 25.5% to 19.9% and 18.7% from 2019-22, he's punched out at a 22.9% rate in 2023 and a 24.7% rate in 2024. It's not necessarily an alarming trend yet for a player with Alonso's prodigious power -- especially since he's also boosted his walk rate in consecutive seasons, reaching 10.1% in '24 -- but there's still some reason to be concerned.

Alonso thrived at making contact on pitches off the plate in 2021-22 when his strikeout rate was at its lowest, doing so at a 59.4% clip that was well north of the 56.5% league average across those two seasons. Over the past two seasons, Alonso's contact rate outside the strike zone has dipped to 54.6%. He's offset that by cutting down on the rate at which he chases -- hence the improved walk rate -- but when he does chase, he's swinging through the pitch more often.

Those red flags (of varying severity), Alonso's age and the fact that he rejected a qualifying offer all surely combine to tamp down some interest in him. He never seemed that likely to reach the heights that Freddie Freeman did in free agency (six years, $162MM), but there was some thought that a five-year deal (or six at a lower rate) could be there.

That said, the short-term developments were also foreseeable. We've kicked ourselves for moving off the prediction of a three-year, $90MM deal with multiple opt-outs for Alonso, which for awhile was our unofficial prediction for MLBTR's annual Top 50 free agent list. The market hasn't rewarded this skill set in recent years, and it felt very possible that Alonso would go out looking for Freeman money -- if not more -- and find himself in a situation similar to that of last offseason's quartet of fellow Boras clients who lingered on the market into spring training. We ultimately opted to bet that the market -- or at least just the Mets -- would show out for Alonso and predicted five years and $125MM. Maybe he'll still get there, but the likelihood seems much lower now.

ESPN's Jeff Passan, The Athletic's Will Sammon, Bob Nightengale of USA Today, Jim Duquette of MLB Network Radio and a host of others have all reported on the possibility of Alonso taking a short-term deal in recent weeks. It's hard to imagine such an arrangement would happen anywhere other than Queens. But, if the Mets simply don't want to bring Alonso back on a premium annual salary -- they're nearly into the third luxury penalty tier; Alonso would catapult them to the fourth and highest tier -- others could certainly enter the mix.

Let's run through some potential landing spots under the assumption that Alonso has indeed softened his stance on a short-term arrangement...

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Anthony Santander, Jack Flaherty Reportedly Open To Short-Term Offers

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As the offseason’s free agent market has developed and with Spring Training looming just over the horizon next month, a report from Ken Rosenthal and Will Sammon of The Athletic this evening suggests that some of the major free agents still available are weighing the possibility of turning towards short-term deals with high average annual values, as the so-called “Boras Four” of Blake Snell, Cody Bellinger, Matt Chapman, and Jordan Montgomery did last winter after not finding the long-term pacts they were hoping for in free agency.

Per Rosenthal and Sammon, outfielder Anthony Santander and right-hander Jack Flaherty are both now open to considering that sort of deal. Sammon also confirmed previous reports that indicated the camp of first baseman Pete Alonso had made an three-year offer to the Mets that includes multiple opt-outs, though it remains unclear if he’s open to similar short-term offers from other clubs at this point.

It’s a notable update to the market of all three players. Both Santander and Flaherty were reportedly looking for five-year deals that could have reached into the range of nine figures. Santander in particular reportedly has a contract offer on the table from the Blue Jays as of last week, though given the fact that he’s now open to exploring short-term deals it seems as though that offer may not have been one the switch-hitter was interested in accepting. It’s easy to imagine the possibility of getting a high-end free agent on a short-term deal opens up the market for these players, or perhaps convincing teams already connected to the players to become more serious about their pursuits.

As one example, Flaherty has previously been connected to the Cubs but there’s been some suggestion that Chicago (who signed Bellinger to a short-term, opt-out heavy deal just last winter) has reservations regarding the right-hander’s asking price. The Tigers, meanwhile, have been connected to both Flaherty and Santander but have remained opportunistic in free agency, locking down one-year deals with Gleyber Torres and Alex Cobb to improve their roster without making long-term commitments. Either of these clubs could theoretically be enticed to step up their efforts if their target is now open to considering a short-term deal.

While shorter-term deals can be attractive to teams as a way to mitigate risk associated with a particular free agent, they can still come with complications. While the deals Snell and Chapman signed in San Francisco last winter were clear successes for both sides, with Snell dominating down the stretch in a Giants uniform before signing a lucrative deal in L.A. back in November while Chapman had a resurgent season and extended with the club long-term, not all deals of this variety work out quite so well. Montgomery’s deal with Arizona quickly turned out to be a disaster as the left-hander endured the worst season of his career, got demoted to the bullpen, and has been shopped as a potential salary dump by the Diamondbacks this winter. Bellinger, meanwhile, posted a solid but unspectacular season in Chicago that led the Cubs to dump his salary in a trade with the Yankees last month in order to create an opening in the lineup for the addition of a more impactful bat than Kyle Tucker.

Even with those potential downsides, it’s easy to see why clubs could prefer a short-term deal rather than one that puts them on the hook for a player’s decline phase. After all, the Cubs were still able to shed the vast majority of the money owed to Bellinger in trade even after a pedestrian 2024 season, and the Diamondbacks could end up doing the same even after Montgomery’s disastrous campaign. Swinging those deals would be far more difficult if either player were on lengthy deals with larger overall guarantees, even if the AAV of those deals would likely be lower.

For the players, this sort of approach comes with both pros and cons. There is of course risk involved that injury or poor performance leads to them hitting the market with less value than they had in their initial trip through free agency. In the case of Flaherty, who is currently unencumbered by a Qualifying Offer, taking a short-term deal comes with a bit of extra risk given that even a wildly successful season could end up not leading to the sort of lucrative long-term deal he’s hoping for given the fact that he could be tagged with a QO in a future offseason. For a player already tagged with a QO like Santander, however, signing a short-term deal and hitting free agency after another strong season could provide an even larger boost to his value by allowing him to re-enter free agency unencumbered in the future.

While a willingness to consider short-term, high-AAV offers should open the market up for these players to an extent, that shouldn’t be taken to mean that a massive shakeup is guaranteed. Those high annual salaries figure to be an obstacle for clubs in or on the cusp of luxury tax territory as well as those dealing with budget crunches. As one example, Rosenthal and Sammon suggest that Alonso could look to seek a deal that offers an average annual value of $31.1MM in order to land the AAV record for first basemen. While that appears to be speculative on the part of the pair and they go on to suggest deferred money that would lower the net present value to be involved, even an AAV in the $25MM to $30MM range is the sort of figure that the majority of small-market clubs and even big spenders deep into luxury tax territory could be even less willing to stomach than a somewhat longer-term deal with a lower annual salary.

Latest On Pete Alonso

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Pete Alonso’s market hasn’t come together the way he and agent Scott Boras had hoped just yet, though there’s still more than a month until pitchers and catchers report to spring training, leaving ample time for a deal to come together and still afford Alonso a normal spring training. One element that’s likely impacted things, as with any high-profile free agent, is trepidation from teams in terms of asking price. Mark Feinsand of MLB.com has previously suggested that the Boras Corporation has used contracts like Prince Fielder (nine years, $214MM) as a point of comparison in negotiations.

Boras firmly pushed back on that this morning in comments to SNY’s Andy Martino. Boras tells Martino that “10-year-old contract” like Fielder’s simply “is not relevant to the current Alonso negotiations.” (Fielder’s contract is actually 13 years old, though that only further hammers home the point Boras is making.)

Even with that pushback, it’s likely that years have been the holdup in talks regarding Alonso. The Mets famously offered him a seven-year, $158MM extension in 2023. That included Alonso’s final arbitration season (2024), wherein he was paid $20.5MM. He’d need to top $137.5MM over the next six seasons in order to come out ahead in that bet on himself.

Of course, that doesn’t all need to come in the form of one contract. We’ve seen plenty of free agents in the past find more tepid interest than anticipated in free agency, take an opt-out laden deal, and come out ahead over the course of multiple contracts. It’s not the ideal course of action for most players, but it can certainly work to the player’s benefit.

More specifically, that course of action has been common for both high-end and mid-level Boras clients. It doesn’t always work — just ask Jordan Montgomery — but there are plenty of success stories.

Matt Chapman, Blake Snell, Carlos Rodon and Carlos Correa are all recent examples. Chapman took a three-year, $54MM deal with opt-outs in San Francisco and mashed his way into a $151MM extension. He’ll ultimately earn $169MM over a seven-year term. Snell took two years and $62MM from the Giants last winter after reportedly rejecting a Yankees offer in the $150MM range. (He’s since contended the number was well shy of that.) He opted out and landed $182MM from the Dodgers, bringing his six-year earnings to $214MM (albeit with nearly a third of it deferred). Rodon opted out of the second season of his own two-year, $44MM deal with the Giants and cashed in with $162MM in the Bronx. Correa signed a three-year, $105.3MM deal in Minnesota, opted out and went through a strange free agent odyssey that still resulted in an additional $200MM guaranteed from Minnesota, even after a pair of failed physicals in San Francisco and Queens.

It’s not yet clear whether Alonso will ultimately go that route, but former Mets GM Jim Duquette (2003-04), now with MLB Network Radio on SiriusXM, reports that Boras and Alonso have pitched an opt-out laden three-year deal to the Mets — and the Mets alone. Even with that reported offer from the player’s camp, Duquette suggests no deal is close for now.

A three-year deal for the Mets — something in the Cody Bellinger mold — would make plenty of sense for both parties. New York would retain the NL home run leader dating back to Alonso’s big league debut and do so without needing to commit long-term to a 30-year-old first baseman who offers minimal defensive/baserunning value. Pairing Alonso and Juan Soto in the heart of the Mets’ order would be formidable.

For Alonso, he’d secure multiple seasons at an annual rate presumably higher than anything available to him on a lengthier deal. Bellinger’s $80MM deal guaranteed him $60MM over the first two seasons of the three-year term if he chose to forgo the first opt-out (which he did). An identical construct for Alonso would mean that, including the $20.5MM he earned in his final arbitration season, he could have $53MM from 2024-25 or $80.5MM from 2024-26. If the aim is to topple the $158MM he rejected in 2023 (which, again, would’ve covered the 2024-30 seasons), he’d be well on his way.

Additionally, Alonso would have the opportunity to improve on a down showing in 2024 that has surely hindered interest. The slugger didn’t have a bad season; his .240/.329/.459 slash was 22% better than league-average, by measure of wRC+. His 34 home runs were a clear plus mark. But Alonso’s past two seasons haven’t been as dominant as he was from 2019-22, when he hit a combined .261/.349/.535 (37% better than average).

A 2025 showing more in line with that form would potentially set Alonso up for a much larger payday — and do so on the heels of a premium salary in 2025. He’d also have the benefit of reentering the open market without a qualifying offer and the associated draft pick compensation hanging over his head. Players can only receive one QO in their career, and Alonso rejected one from the Mets back in November.

Latest On Pete Alonso’s Market

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Approximately eight teams are involved in the market for Pete Alonso, writes Jon Heyman of the New York Post. However, Heyman suggests that most of those clubs are interested in a shorter-term, opt-out laden deal with the star slugger.

That aligns with recent reporting from ESPN’s Jeff Passan that suggested that Alonso is likely to turn to a short-term contract. Will Sammon of The Athletic wrote in a reader mailbag last week that contract length appeared to be the holdup in talks between Alonso and the Mets. Heyman frames things similarly, reporting that the Mets prefer a short-term deal.

According to Heyman, Alonso had been seeking a deal of at least six years with a guarantee in the $150-180MM range at points this offseason. It is unclear how far his camp at the Boras Corporation has moved off that ask. In any case, it doesn’t seem that any teams were willing to go those heights. That’s not especially surprising considering the way teams have devalued defensively-limited sluggers over the past decade. Freddie Freeman and Matt Olson each got six-plus years and narrowly topped $160MM (albeit with deferrals in Freeman’s case), but they were each coming off superior platform seasons to Alonso.

Alonso turned 30 last month. He hit .240/.329/.459 with 34 homers across 695 trips to the plate. That was his lowest full-season home run total and slugging percentage. Paired with the defensive limitations as a middling defender at first base, it’s easy to understand teams’ hesitance to make a long-term commitment. At the same time, there’s clear value in a player who plays every game who hit 34 homers in what is a relative down year from a power perspective.

MLBTR predicted a five-year, $125MM contract for Alonso, who rejected a qualifying offer from the Mets. As we noted from the beginning of the winter, though, it wasn’t difficult to foresee a situation where his market didn’t materialize as his camp envisioned. Alonso had previously declined a seven-year, $158MM extension offer (albeit not while he was represented by Scott Boras). That covered his final arbitration season, in which he made $20.5MM. To come out ahead, he needed to beat $137.5MM over six free agent years. While that was evidently a goal, it looked like an uphill battle.

Alonso could end up taking the route traversed by Cody Bellinger last offseason. When his market didn’t materialize as hoped, Bellinger signed for three years and $80MM with opt-out chances after each of the first two seasons. Alonso would probably expect to beat a $26.67MM average annual value if he’s going with a short-term contract. A return to the Mets still seems the best fit, especially if the team successfully waits him out into pivoting to a three-year guarantee. New York could keep Mark Vientos at third base for another season.

Teams like the Angels, Giants, Blue Jays and Red Sox have been loosely tied to Alonso in recent weeks. Los Angeles, Toronto and Boston all have in-house options at first base who could clutter the picture. San Francisco seemingly wanted to upgrade over LaMonte Wade Jr., but Heyman reports that they’re reluctant to meet Alonso’s asking price.

Latest On Luis Arraez’s Trade Market

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The Padres and infielder Luis Arráez avoided arbitration earlier today by agreeing to a $14MM salary for the 2025 season, his final before he reaches free agency next offseason. Even after agreeing to a contract, however, there’s no guarantee that Arraez will be San Diego come Opening Day. The club is reportedly angling to lower its payroll to something closer to 2024’s $169MM figure. With outstanding needs in the outfield and rotation that have yet to be addressed, trading a pricey arbitration-level player like Arraez or Dylan Cease seems like it may be the best avenue for the club to simultaneously lower its payroll and add talent to remain competitive in the NL West this season.

That’s led the Padres to at least consider parting ways with Arraez this winter, and there have been some conflicting reports about potential interest from the Yankees regarding Arraez’s services. The club is in need of infield help after losing Gleyber Torres in free agency, and Arraez’s history as a second baseman makes him something of a plausible option. With that being said however, Andy Martino of SNY is the latest voice to cast doubt on the fit between Arraez and the Yankees. While Martino acknowledges that the club had some discussions back in November that involved Arraez, he adds that similarly brief conversations were held regarding fellow Padres infielder Jake Cronenworth along with a number of other players, and that the Yankees are not expected to pursue Arraez at this point in the winter.

That may not completely shut the door on Arraez winding up in the Big Apple, however. Martino suggests that while the Mets have not engaged with the Padres in “substantive” talks regarding Arraez to this point, they’re in the market for a veteran infielder and he could come into play for the club in the event that slugging first baseman Pete Alonso signs elsewhere. In that case, Arraez would provide the Mets with a short-term solution at first along with the ability to back up second and third base in a pinch. That would leave the door open for New York to reevaluate its needs next winter in a free agent class that figures to be headlined by star first baseman Vladimir Guerrero Jr. barring an extension with the Blue Jays. Paul Goldschmidt, Ryan O’Hearn, and Josh Naylor are among the other noteworthy names that figure to be available in next year’s first base class.

When it comes to their hole at first base, the club seems to be clearly focused on bringing Alonso back into the fold despite a number of recent reports have suggested that there remains a gap between the two sides in terms of years. It’s difficult to imagine the Mets going in another direction until Alonso’s market develops further, but it’s worth noting that the same surely could have been said about third baseman Alex Bregman and the Astros in the weeks prior to the club adding Isaac Paredes and Christian Walker to box him out of the club’s infield mix.

Should the Mets wind up searching for other options themselves, Arraez figures to be one of a number of backup options at their disposal in the event that Alonso ultimately signs elsewhere. There’s been some rumors that the club could consider Bregman as a backup to Alonso, which would kick incumbent third baseman Mark Vientos over to first. More direct first base options available in free agency or on the trade market include Justin Turner, LaMonte Wade Jr. or perhaps even Red Sox youngster Triston Casas, though none of those players have been directly connected to the Mets at this point.

Latest On Blue Jays’ Offseason Pursuits

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The Blue Jays have been surprisingly quiet in free agency thus far. Toronto has been tied to essentially every player of note, but their only signing was a two-year deal for middle reliever Yimi García. The Jays have pulled off one major trade acquisition, taking on the final five years and nearly $100MM on the Andrés Giménez contract from the Guardians.

Based on the lack of free agent activity, the Jays seem to be one of the likeliest teams to land one of the few remaining stars on the open market. However, a report from Shi Davidi of Sportsnet casts some doubt on that possibility. Davidi writes that the Jays “are believed to be on the periphery” of the markets for Alex Bregman and Pete Alonso. Toronto has reportedly made an offer to Anthony Santander, yet Davidi indicates that the Jays do not look like the current favorite to land the former Orioles slugger.

Bregman, Alonso and Santander are the remaining unsigned star-caliber hitters. Jurickson Profar and Ha-Seong Kim are viable regulars but clearly below the preceding trio in terms of offensive impact and earning potential. Giménez stabilizes second base but isn’t a huge threat at the plate. If the Jays come up empty on each of Bregman, Santander and Alonso, they’d be left with trade possibilities to spark a middling offense. Davidi writes that Toronto is actively exploring the trade market but does not identify any specific targets for the team.

[Related: Do The Blue Jays Need More Help On Offense Or In The Rotation?]

The Jays were linked to Juan Soto, Corbin Burnes and Max Fried before they inked significant deals earlier in the winter. They lost the bidding to the Mets on Soto. Burnes signed with the Diamondbacks, at least partially because of geographic ties to Arizona. Davidi writes that the Jays were simply not comfortable with the eventual eight-year, $218MM deal that Fried secured from the Yankees. He indicates that Toronto never made an offer once they realized that the bidding was well beyond where they were willing to go.

Toronto narrowly dipped below the luxury tax threshold late last season. They have around $228MM in luxury tax commitments for this year, according to RosterResource. That puts them $13MM shy of the $241MM base threshold. Any kind of free agent splash would push them into tax territory. Davidi indicates that while the Jays aren’t opposed to going into CBT range, they could decide to keep their tax number below $241MM if they don’t land any marquee targets.

An uncertain direction for the organization has hung over the offseason. Toronto has resisted a rebuild, but they’ve only made a few additions to a team that went 74-88. Vladimir Guerrero Jr. and Bo Bichette are one season from free agency. There has never been much of an indication that they’ll extend Bichette. They’ve made an effort to keep Guerrero but seem far apart with the star first baseman.

Guerrero said last month that the team had offered him around $340MM. The four-time All-Star said that wasn’t close to his asking price and indicated that he’d end extension talks if there’s no deal in place by the beginning of Spring Training. Bob Nightengale of USA Today reported this week that Guerrero was looking for a deal of at least $450MM. Needless to say, that’s a big gap to bridge. That’d be particularly true if Guerrero holds firm to the Spring Training cutoff, though it’s not uncommon for players to continue negotiations past self-imposed deadlines if they feel progress is being made.

Davidi writes that the $340MM offer which the Jays made is believed to have predated Soto’s eye-popping $765MM contract. That may simply be an outlier, but it’s natural that Guerrero — arguably the top free agent in next year’s class — would aim high after Soto shattered all contractual precedents. Guerrero is set for what’ll be the highest salary for any arbitration-eligible player this winter. MLBTR contributor Matt Swartz projects him at $29.6MM. Teams and players will exchange filing figures tomorrow afternoon. That could spur the Jays and Guerrero to work on a one-year settlement to avoid going to a hearing. That would not prevent them from continuing discussions on a long-term deal at a later date.

Blue Jays, Red Sox Interested In Pete Alonso

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First baseman Pete Alonso is still unsigned with just over a month until pitchers and catchers report to spring training, which naturally suggests he hasn’t yet found a contract offer to his liking. Reports from Jeff Passan of ESPN and Bob Nightengale of USA Today suggest that he is likely to pivot to a short-term deal with one or more opt-outs. Nightengale says eight teams, including the Blue Jays and Red Sox, have at least some level of interest. However, it’s unclear how interested those clubs are and the fact that Alonso remains available suggests they aren’t bowling him over with aggressive offers.

If Alonso ultimately pivots to a short-term deal with opt-outs, it wouldn’t come as a huge surprise. Alonso’s agent Scott Boras went down this road last offseason with Cody Bellinger, Matt Chapman, Blake Snell and Jordan Montgomery. All four of them found markets below their expectations and remained unsigned beyond the holidays. Each of them eventually agreed to short-term deals with an opt-out or two, with slight variations for each individual.

There were reasons to expect Alonso could follow that path. Alonso reportedly turned down an extension offer from the Mets in the summer of 2023 valued at $157MM over seven years. He still had one arbitration season remaining at that time and ultimately earned $20.5MM. That means he was effectively being offered $137MM for six free agent seasons and turned it down. In November of 2023, it was reported that he was looking to top the recent deals for Freddie Freeman and Matt Olson, who signed for $162MM and $168MM respectively.

But the league has generally shied away from one-dimensional right-handed-hitting sluggers like Alonso. His defense isn’t especially well regarded and he’s not a burner on the basepaths. His walk rates are decent but not exceptional. Alonso has huge home run power but Freeman and Olson rank higher than him in terms of glovework and drawing free passes.

While Miguel Cabrera and Albert Pujols each got over $200MM, those deals were both over a decade ago. More recently, Paul Goldschmidt’s $130MM extension from the Cardinals is the best deal for a righty-swinging first baseman. Kris Bryant got $182MM as a defensively-limited outfielder but that deal turned sour very quickly. Other bat-first guys like J.D. Martinez and Nick Castellanos signed for the low nine figures.

Alonso also hit free agency on a bit of a down note. He had hit .261/.349/.535 for a 137 wRC+ through the 2022 season but slashed .229/.324/.480 over the past two seasons for a 122 wRC+. That’s still above average offense but a team might wonder if Alonso could reverse that trend going into his age-30 season. He also rejected a qualifying offer and is therefore tied to the associated penalties for any club that signs him.

Taking all that into consideration, it seemed possible that there would be a discrepancy between Alonso’s asking price and what teams would be willing to offer. At the start of the offseason, MLBTR considered predicting Alonso for a deal similar to what Bellinger ultimately signed with the Cubs last offseason, which was $80MM over three years with two opt-outs. That seemed too bold a stance to take at the start of the offseason, so we backed down and went with $125MM over five years, though noting that the Bellinger path was a real possibility. Last month, Mark Feinsand of MLB.com reported that such a deal was becoming increasingly likely and this week’s reporting adds to that.

Returning to the Mets is still a possibility, as they haven’t done anything to fill Alonso’s spot at first base. It’s been speculated that they could move Mark Vientos over from third, since his defense at the hot corner isn’t strong and he’s capable of playing first. They could then cover third base internally with a combination of Brett Baty, Ronny Mauricio or Luisangel Acuña, or perhaps an external addition like Alex Bregman. However, the door to Alonso returning is still open.

Other clubs have been tied to Alonso, but the fits are mostly a bit awkward. The Yankees reportedly had Alonso on their list of backup plans for the event they didn’t sign Juan Soto but they eventually signed Goldschmidt to cover first base. The Giants could perhaps be a fit but they have Bryce Eldridge waiting in the wings. The Angels have reportedly considered bringing in Alonso and moving incumbent first baseman Nolan Schanuel to the outfield, a position he hasn’t played as a professional.

The Jays and Red Sox are also fairly inelegant fits. Boston already has a corner infield logjam with Rafael Devers at third, Triston Casas at first and Masataka Yoshida a candidate for regular run as the designated hitter. Since Devers is a weak defender at third, they have considered adding someone like Bregman or Nolan Arenado and moving Devers to first, which has led to Casas and Yoshida being in trade rumors. Signing Alonso would jam this situation even further and make it harder to get Devers off third. Perhaps that wouldn’t be such a big deal on a short-term deal that the club expects him to opt out of, but it can’t be assured that a player will eventually use his opt-out. The Cubs recently signed Bellinger with this logic and saw him decide to stick around, which led to a salary-dump trade to the Yankees.

The Jays have Vladimir Guerrero Jr. as their everyday first baseman. He is capable of playing third base but only has 14 appearances there over the past five years, most of those coming as the Jays were playing out the string in 2024. With Guerrero slated for free agency next winter, perhaps he and Alonso could share first base and DH for a year with Alonso taking over first in 2026, though it would be a clunky fit for the 2025 season. The Jays also hope to extend Guerrero, which would be complicated by bringing Alonso into the fold.

Financially, RosterResource has the Jays just over $10MM away from last year’s payroll and the competitive balance tax, but it seems they still have some money to spend. They were reportedly involved with Corbin Burnes before he signed with the Diamondbacks and have an offer out to Anthony Santander. RosterResource has the Red Sox almost $30MM shy of the CBT and they might even be willing to cross the line this year.

Mets Notes: Manaea Contract Details, Alonso

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After previously reporting that Sean Manaea’s deal with the Mets would include $23.25MM in deferred payments, Will Sammon of The Athletic offered more details on the structure of Manaea’s contract this morning.

Manaea will earn equal $25MM salaries in all three years of the deal, adding up to the reported total guarantee of $75MM. However, $7.75MM of his salary will be deferred without interest each season, adding up to the reported total of $23.25MM in deferrals. As Sammon previously mentioned, the deferrals will be paid out in equal portions over 10 years from 2035-44. Sammon also notes that Manaea can earn standard additional incentives for making an All-Star appearance ($50K), winning a Gold Glove ($50K), winning LCS MVP ($50K), winning World Series MVP ($100K), and finishing top-three in Cy Young voting ($50K for first place, $25K for second place, $10K for third place).

The deferred payments mean that Manaea’s contract isn’t quite worth $75MM in present-day value. Therefore, the luxury tax hit for the Mets won’t be quite as high as his $25MM AAV. Jon Becker of FanGraphs suggests the present-day value of his AAV for luxury tax purposes is just over $22MM. That’s not entirely insignificant to the Mets, who will be paying the luxury tax once again in 2025. It’s also interesting that Manaea’s contract is about $1MM less valuable than the three-year, $67MM deal his former teammate Luis Severino signed with the Athletics. Jon Heyman of the New York Post reported last week that Manaea turned down that same offer from the A’s before they gave it to Severino instead. Of course, it’s not hard to understand why Manaea would rather pitch for the Mets than the A’s, but it’s interesting that he technically took a discount to re-sign with New York.

In another Mets update, Sammon theorizes that “contract length” is currently what’s holding up a deal between the Mets and Pete Alonso. Heyman recently made a similar suggestion, saying “I do think the years are the hang-up right now” (per Jon Heyman’s Insider Notebook on Bleacher Report). Back in December, Bob Nightengale of USA Today reported the Mets were still “pushing hard” to reunite with Alonso. From Alonso’s perspective, it’s hard to picture a better fit than the only team he’s ever known. Yet, a deal hasn’t come together. A disagreement over contract length could certainly explain why.

Presumably, Alonso and his agent Scott Boras are still looking to beat the guaranteed money from the seven-year, $158MM extension he reportedly turned down from the Mets in the summer of 2023. To do so, he’d need to sign for at least $137.5MM this winter (he already earned the first $20.5MM in 2024 during his final year of arbitration). It’s hard to imagine Alonso approaching that number on anything shorter than a six-year contract. Meanwhile, it’s not hard to understand why teams would balk at offering a six-year contract to a 30-year-old first baseman coming off two consecutive down years.

Angels Reportedly “Weighing” Pursuit Of Pete Alonso

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The Angels are reportedly “weighing” a pursuit of free agent first baseman Pete Alonso as they search for another bat to add to their lineup, according to a report from Jon Heyman of the New York Post.

Alonso, 30, is the top free agent available at first base this winter but hasn’t found the market he was surely hoping for to this point in the winter. While plenty of clubs entered the winter with needs at first base, a number of feasible landing spots for Alonso have subsequently addressed the position in other ways: the Yankees added Paul Goldschmidt, the Astros signed Christian Walker, the Nationals traded for Nathaniel Lowe, and the Tigers shifted Colt Keith to first base after signing Gleyber Torres. Meanwhile, many of the teams that could potentially be in the market for first base/DH such as the Mariners, Padres, and Twins are facing payroll constraints that make a pursuit of Alonso quite unlikely.

That’s led to a feeling in recent weeks that a return to Queens may be inevitable for the slugger. The Mets have not yet filled their hole at first base, and while they’ve replaced Alonso’s bat in the lineup with Juan Soto it’s hard to deny that the club could benefit from adding another slugger to the mix, particularly a right-handed hitter like Alonso who can help balance out Soto and Brandon Nimmo’s left-handed bats alongside switch-hitter Francisco Lindor. In recent weeks, however, it appears that Alonso’s market has begun to expand a bit. The Giants were connected to the slugger last week, and now the Angels have seemingly entered the fray as well. While both clubs would face a bit of a tight roster fit given the presence of incumbent first basemen on the roster, either club would surely benefit from adding Alonso’s bat to the middle of their lineup.

In Anaheim’s case, youngster Nolan Schanuel appears to hold the keys to first base for the time being. The club’s first-round pick in 2023, Schanuel rocketed through the minors to reach the majors shortly after being drafted and since then has slashed a respectable .255/.354/.357 in 176 games at the big league level. While the 22-year-old hasn’t developed the necessary power to be more than an average bat in the majors to this point, his phenomenal plate discipline suggests a bright future is ahead for the youngster. That makes it hard to believe that the Angels would kick Schanuel from the lineup to sign Alonso, but Heyman reports that both could coexist in the Anaheim lineup even with Jorge Soler entrenched as the club’s regular DH by moving Schanuel to left field.

It’s a novel solution to the problem given that Schanuel has not played the outfield before as a professional, but it’s not completely impossible to imagine him being able to handle the position defensively. After all, Schanuel got occasional reps in the outfield as an amateur and those days aren’t nearly as far behind him as they are for more established big leaguers or even fellow youngsters who spent more time in the minor leagues. That defensive risk could be worth taking if it means adding a hitter of Alonso’s caliber to the lineup, replacing the likely platoon of Jo Adell and Mickey Moniak the club currently seems poised to utilize in the outfield alongside Taylor Ward.

With that being said, it’s hard to imagine the Angels preferring an arrangement with Alonso that pushed Schanuel into the outfield to simply signing a big bat for their outfield mix and keeping their young hitter at his natural position. The Halos have also been connected to Anthony Santander on the free agent market recently, and Heyman concedes that the Angels landing Santander is “more likely” than the club ultimately ending up with Alonso due in part to the cleaner positional fit. With that being said, Santander’s market isn’t limited to the Angels. If he winds up signing somewhere else such as Detroit or Toronto, it suddenly becomes easier to imagine Angels brass being more willing to move things around to accommodate the addition of Alonso at first base given that the only other impact free agent available in the outfield would be Jurickson Profar, who lacks the lengthy track record of success that Alonso offers.

Giants Considering Pete Alonso

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The Giants already made one big infield addition by signing Willy Adames, and kept Matt Chapman off the free agent market entirely by signing the third baseman to a six-year, $151MM extension back in September.  With the Giants still weighing big moves, Susan Slusser of the San Francisco Chronicle reports that “Pete Alonso is on their radar” as a significant upgrade to the first base/DH mix.

As it stands, LaMonte Wade Jr. will be getting the bulk of first base at-bats, as the left-handed hitting side of what will likely be a platoon situation.  That said, reports have suggested San Francisco is open to moving Wade, and that the Giants had some interest in signing Paul Goldschmidt before Goldschmidt landed with the Yankees.  Top prospect Bryce Eldridge is viewed as the long-term answer at first base, and with Eldridge making his Triple-A debut in 2024, a shorter-term signing like Goldschmidt made sense as a bridge at the position.

Adding Alonso would only somewhat change that direction.  If Alonso took over the everyday first base role, Wade could be shifted into the part-time DH role, and Wade is a free agent next winter so he might not remain part of the Giants’ future plans.  Eldridge played some outfield in 2023 but is largely viewed as a first baseman going forward, so he and Alonso could form a powerful first base/DH combo even if such an arrangement would lock down both positions for years to come.

There’s also a possibility that Eldridge could become a big trade chip the Giants can dangle to address other needs, or that Alonso wouldn’t necessarily be a long-term addition.  MLB.com’s Mark Feinsand hears from various executives around the league that Alonso’s next contract might involve an opt-out clause or two, thus allowing Alonso to re-enter the market potentially as early as the 2025-26 offseason.  Alonso’s agent Scott Boras has included such opt-out provisions in several of his clients’ deals in recent years, in some cases creating an extra level of flexibility for teams and for players coming off less-than-ideal platform years.

It could be argued Alonso is coming off two relative down years, as he has a solid but unspectacular 121 wRC+ since the start of the 2023 season.  The first baseman slugged 80 homers and hit .229/.324/.480 in 1353 plate appearances over that span, while providing little value with his glove or on the basepaths.  Clubs are increasingly wary about committing big money to first base-only players in general, and Alonso’s increasingly homer-heavy approach raises questions about his overall offensive value.

Oracle Park may not exactly be the best ballpark for a right-handed hitting slugger to re-establish his value, though Alonso’s options may be increasingly limited.  The Yankees (Goldschmidt), Astros (Christian Walker), Diamondbacks (Josh Naylor), and Nationals (Nathaniel Lowe) have all addressed their needs at first base.  MLBTR’s Leo Morgenstern recently looked at Alonso’s market and cited the Giants along with the Reds, Tigers, Blue Jays, as possible darkhorse candidates for the slugger, along with the more obvious possibility that Alonso just re-signs with the Mets.

Indeed, most of the executives who spoke with Feinsand “believe an Alonso/Mets reunion is inevitable,” even if such a deal involves opt-out clauses.  The Mets remain linked to both Alonso and Alex Bregman, leaving the team with an interesting choice of top-tier corner infielders since Mark Vientos can play first or third base depending on who is signed.  (Or, it isn’t entirely out of the question that the aggressive Mets could sign both Bregman and Alonso, with Vientos moving to DH.)  Jon Heyman of the New York Post writes that “a sizable gap” remains between Alonso and the Mets in their current negotiations.

Because both Adames and Alonso rejected qualifying offers, the Giants would have to surrender two more draft picks and another $1MM in international bonus pool money if they brought Alonso into the fold to join their new shortstop.  This might not necessarily be an obstacle since the Giants already gave up two picks and $1MM to sign Chapman and Blake Snell (two other qualified free agents) last offseason.  RosterResource estimates San Francisco for roughly a $167.1MM payroll and $207.5MM luxury tax number in 2025, so adding Alonso is feasible even if it remains unclear how much ownership is willing to spend on next year’s roster.

The Giants’ pursuit of Corbin Burnes signaled that the club was willing to make another splurge, though Slusser notes that they didn’t offer Burnes more than the $210MM over six years than the righty received from the Diamondbacks.  Indeed, Slusser frames the Giants’ courtship of Burnes as fairly limited, writing that “San Francisco’s pursuit never advanced much beyond initial talks at the general manager meetings…and an offer made at that point did not get things off the ground.”

President of baseball operations Buster Posey addressed the Giants’ next steps in a text to The Athletic’s Andrew Baggarly, with Posey writing “We believe in our young arms, and feel like they are in a position to take some big steps forward.  [We] will continue to look on the offensive side for players that give us a chance to score runs in multiple ways.”

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