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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.”

Mets Notes: Pederson, Alonso, Third Base, Rotation

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The Mets have already added one of the best left-handed hitters in the game this offseason, signing Juan Soto to a 15-year, $765MM deal. However, Jon Heyman of the New York Post suggests they were recently in on another big lefty bat: Joc Pederson. That was, of course, before Pederson agreed to a two-year, $37MM deal with the Rangers early on Monday morning.

Presumably, the Mets were interested in Pederson as a designated hitter. Coming off an excellent 2024 campaign, he would have made a strong replacement for J.D. Martinez. Like Pederson, Martinez became a free agent at the end of the season. If the Mets are still in the market for a DH after losing out on Pederson, their options are somewhat limited. Martinez might be the best true DH left in free agency. They could, of course, pursue an outfielder like Anthony Santander or Teoscar Hernández, but those two are looking for significantly more money than Pederson, and, presumably, they would prefer to continue playing the outfield.

However, if it’s really just another big bat the Mets are looking for, the best solution could also be the most straightforward: re-signing first baseman Pete Alonso. Bob Nightengale of USA Today reported on Sunday that the Mets are still “pushing hard” to re-sign their homegrown slugger. If that’s true, it’s difficult to imagine Alonso ending up anywhere else. Teams like the Yankees and Astros have already filled their holes at first base. And when the Mets set their sights on a target, they’re not easy to outbid.

Nightengale also notes that the Mets “like their internal options” at third base – in other words, he implies they aren’t likely suitors for star third baseman Alex Bregman. However, it’s not clear if that is at all contingent on the team re-signing Alonso. If Alonso is back in Queens next season, Mark Vientos is the obvious candidate to play third base. Vientos was one of the team’s best hitters in 2024, while also providing capable defense at the hot corner. Yet, if Alonso signs elsewhere, Vientos is likely to move across the diamond and take over at first. Simply put, there is a massive difference between Vientos and the next-best option at third base, which seems to be former top prospect and unproven big leaguer Brett Baty. The other internal options include Ronny Mauricio, who spent the entire 2024 season on the IL, and Luisangel Acuña, a second baseman/shortstop who has never played third base professionally. It’s hard to believe the Mets would feel confident going into the season without a more reliable player at third base.

It’s easier to accept the notion that the Mets are done adding to their rotation, which Will Sammon of The Athletic suggests is the case. After agreeing to a three-year, $75MM deal with Sean Manaea, the Mets have now signed three notable free agent starters: Manaea, Frankie Montas, and Clay Holmes. Those three will join Kodai Senga and David Peterson in the rotation, with Paul Blackburn, Griffin Canning, and Tylor Megill offering additional depth. Top prospect Brandon Sproat is another arm who could start for the Mets at some point in 2025.

With Senga and Manaea occupying the top two spots in the rotation, the Mets don’t have a bona fide ace like Zack Wheeler of the Phillies or Chris Sale of the Braves. However, their starting pitching depth looks like it’s going to be an asset. They would surely find room for Roki Sasaki if the NPB superstar chooses to sign in Queens, but otherwise, the Mets seem to have all the starters they can carry to begin the 2025 campaign.

Where Will Pete Alonso End Up?

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There is no doubt this year’s free agent market has moved slower for position players than it has for pitchers. While 17 pitchers have signed deals worth at least $5MM, only nine position players can say the same – and five of them are catchers. Even with that in mind, the rumor mill has been strangely quiet for one top free agent in particular: All-Star first baseman Pete Alonso.

MLB Trade Rumors ranked Alonso as the seventh-best free agent of the offseason on our annual Top 50 Free Agents list. He was the top first baseman available and, arguably, the second-best pure hitter, behind only Juan Soto. We predicted he’d sign a five-year, $125MM contract. Yet, we haven’t had many opportunities to write about Alonso ever since. Over the past six weeks, the Mets are the only team that has clearly and repeatedly expressed interest in the two-time Home Run Derby champion. Their crosstown rivals are the only other team to be publically linked to Alonso.

Not so long ago, Alonso would have been one of the most sought-after free agents on the market, and his potential contract would have been much easier to predict. After all, he is one of the most powerful (and durable) hitters in the game. He has averaged 43 home runs and 112 RBI per 162 games throughout his career. However, teams look at a lot more than just home runs and RBIs these days. They’re also less likely to pay for past performance. Thus, as Alonso approaches his age-30 season coming off two consecutive down years, it’s not hard to imagine why teams might be hesitant to meet his presumptive nine-figure demands. Earlier this offseason, MLBTR’s Anthony Franco wrote about why Alonso’s contract was one of the hardest to predict for the Top 50 list.

Even so, it’s impossible to deny that Alonso is one of the premier power hitters in the game. Over the past two seasons, down years by his own standards, Alonso ranks fifth among all hitters with 80 home runs. His 121 wRC+ in that span is 21% better than league average. Only a handful of players are capable of swinging the bat faster or hitting the ball harder than the Polar Bear. In other words, he is still going to find a lucrative contract this winter, even if he has to wait a little longer for his market to heat up.

Let’s take a closer look at every team’s chances of signing Alonso.

Likely Suitors (listed alphabetically)

Astros: The Astros freed up some payroll (approximately $8.9MM) by trading star outfielder Kyle Tucker to the Cubs and taking on third baseman Isaac Paredes, among others, in return. Adding Paredes won’t necessarily stop Houston from pursuing Alex Bregman, since Paredes could slide over to first base in deference to Bregman, the superior defender. However, this trade makes it more likely the Astros will look to add a new first baseman instead.

Houston has needed a new first baseman since optioning and subsequently releasing José Abreu earlier this year. The team has already expressed interest in Christian Walker, but Alonso could be another target, especially if Bregman signs elsewhere. The Astros reportedly offered Bregman a six-year, $156MM deal earlier this winter. It’s no surprise Bregman turned that number down, but it would probably be enough to land Alonso. That’s not to say the Astros would be willing to spend the same amount for Alonso as they would for Bregman, but at least it suggests that GM Dana Brown has the necessary funds to get a deal done.

Mets: The Mets have always seemed like strong contenders to retain their homegrown slugger. Although winning the Juan Soto sweepstakes may have reduced the pressure on David Stearns to make any other big additions to the offense, it’s not as if signing Soto precludes the Mets from re-signing Alonso. For one thing, the team’s projected payroll for 2025 is still far below where it was in 2023 and ’24. There might be a payroll number even Steve Cohen won’t spend past, but Stearns has tens of millions to work with before that could possibly become an issue.

Stearns also needs to think about how he’s going to address the holes at first base and DH that free agents Alonso and J.D. Martinez left behind. Mark Vientos is an option to play first, but he held the third base job in 2024. His defense was graded poorly there but the Mets could be better off if Vientos can hold down a more valuable defensive position. Last week, Cohen noted that the Mets are “still engaged” in contract discussions with Alonso.

Nationals: There’s a reason why Tim Dierkes, Anthony Franco, and Darragh McDonald all predicted Alonso would sign with Washington on our Top 50 list. Several promising young Nationals players took big steps forward in 2024. Perhaps that will encourage ownership and the front office to make a big splash this offseason as the Nats look to get back into contention. Keibert Ruiz is currently the only player on the roster with a guaranteed contract, and RosterResource estimates the club’s 2025 payroll is currently $52MM lower than the team’s final payroll in 2024.

Furthermore, first base is wide open in Washington. Joey Gallo and Joey Meneses, who combined to play more than 100 games at first for the Nationals this past season, are out of the organization. Juan Yepez is the most likely internal option to play first base in 2025, but he has not done enough over parts of three big league seasons to warrant an everyday role. President of baseball operations Mike Rizzo has said the club is looking for middle-of-the-order bats and Alonso would certainly fit the bill.

Yankees: Aside from the Mets, the Yankees are the only other team to be credibly linked to Alonso. Early in November, Brian Cashman told Mike Puma of the New York Post that he had spoken to agent Scott Boras about his slugging client. However, MLB Network’s Jon Morosi recently suggested the Yankees would prefer to sign a first baseman on a shorter deal, describing Walker as “more of a priority.”

Nonetheless, it certainly seems like Alonso is still on the table in the Bronx. That should be true even after the Yankees acquired Cody Bellinger from the Cubs on Tuesday. Bellinger can play first base, but he’s more useful to the team in the outfield; he can play center field, allowing Aaron Judge to move back to right. Thus, this team could still use a replacement for Anthony Rizzo at first. Ben Rice, who hit .171/.264/.349 over 50 games in his rookie season, and DJ LeMahieu, who hit .204/.269/.259 in his age-35 campaign, are currently the best in-house options.

With a projected $270MM payroll for 2025 (per RosterResource), the Yanks are still about $33MM under their final estimate from 2024. And while they have made several additions, including Bellinger, Max Fried, and Devin Williams, they still have work to do to replace an incredible talent like Soto. That’s especially true when it comes to the offense.

Plausible/On-Paper Dark Horses

Blue Jays: The Blue Jays have money to spend and a strong desire to add star power. Alonso isn’t on the same level as some of Toronto’s top targets this winter (including Soto, Fried, and Corbin Burnes), but presumably, the Blue Jays will keep trying until they sign somebody if they continue to lose out on star free agents. To that end, Ben Nicholson-Smith of Sportsnet reports that “Everyone in the [Blue Jays] organization” believes the offense would look a lot more dangerous with another “legitimate slugger.”

The only thing keeping the Blue Jays out of the “likely suitors” category is the fact that they already have a superstar first baseman: Vladimir Guerrero Jr. However, the two could split first and DH this coming year with Alonso taking over at first if Guerrero leaves in free agency following the 2025 season.

Diamondbacks: The Diamondbacks were one of the best offensive teams in MLB this past year, but they lost two of their best hitters to free agency in Walker and Joc Pederson. Alonso could help to make up for much of that missing production. However, if the D-backs are indeed planning to keep payroll at a similar level in 2025, they only have about $24MM to spend, according to the estimates from RosterResource. That might not be enough for them to make a serious run at Alonso, especially if they’re planning to address any other areas of need this winter. Then again, GM Mike Hazen could free up some cash if he can find a way to offload Jordan Montgomery’s contract.

Giants: New president of baseball operations Buster Posey is clearly trying to get the Giants back into contention as soon as possible; he already signed Willy Adames and has expressed serious interest in Burnes as well. Pitching will probably remain his priority even if he misses out on Burnes. Still, if Posey is considering Burnes, that means he has the funds to make a run at Alonso. LaMonte Wade Jr. was San Francisco’s primary first baseman in 2024, but the team is reportedly willing to make him available in a trade.

Reds: The Reds are the darkest horse here. They don’t have a clear hole at first base for Alonso, and it’s unclear how much they’re willing to spend this offseason. That said, they could badly use the offense if they want to contend in 2025. New manager Terry Francona could make room for Alonso at first by putting Spencer Steer in left field, Jeimer Candelario at third, and Christian Encarnacion-Strand at DH. And while Cincinnati’s front office hasn’t committed to increasing payroll this winter, they haven’t outwardly shut down the possibility either.

Tigers: Despite such a strong finish in 2024, the Tigers haven’t given their fanbase much reason to believe they’ll spend big to improve this winter. However, if they are going to spend – and they really should – Alonso would be a great fit for the lineup. POBO Scott Harris has acknowledged his team could use another right-handed bat and that Spencer Torkelson’s job at first base is far from secure. A reliable righty bat like Alonso would be a big upgrade over Torkelson and a strong addition to a lefty-heavy Detroit lineup. While the Tigers haven’t been big spenders recently, they’ve run higher payrolls in the not-so-distant past.

Unlikely/Not Happening

Angels: The Angels have been active this offseason, but first base doesn’t seem to be at the top of their priority list. Former first-round pick Nolan Schanuel was mediocre in his first full MLB season, but presumably, the Angels haven’t given up on the young first baseman just yet. Meanwhile, Jorge Soler is penciled in at DH, and Anthony Rendon, Mike Trout, and Travis d’Arnaud could see some time there as well.

Athletics: The A’s could theoretically make room for Alonso at first base/DH by having Brent Rooker play more outfield and Tyler Soderstrom catch more often, but it’s far from a perfect fit. While this team might need to keep spending to avoid an MLBPA grievance, there are better uses for that money.

Braves: With Matt Olson at first base and Marcell Ozuna as their designated hitter, the Braves have no need or room for Alonso.

Brewers: The Brewers have been linked to at least one veteran first baseman this offseason; according to USA Today’s Bob Nightengale, they’re interested in Paul Goldschmidt. However, they’re not usually in play for more expensive free agents like Alonso. Milwaukee hasn’t signed a free agent for more than $35MM or more than three years since Lorenzo Cain in 2018. Even a modest splash on Goldschmidt might require them to offload the Rhys Hoskins contract.

Cardinals: Willson Contreras will be the Cardinals’ full-time first baseman going forward. Even if that weren’t the case, St. Louis is highly unlikely to sign any long-term contracts this winter.

Cubs: Chicago already made a big offensive addition this offseason, trading for Tucker last week. In order to make room for Alonso, the Cubs would most likely have to trade first baseman Michael Busch or presumptive DH Seiya Suzuki. After trading Bellinger to the Yankees, there’s no indication they’re planning to do that.

Dodgers: The Dodgers need Alonso even less than the Braves, thanks to their MVP first baseman Freddie Freeman and MVP DH Shohei Ohtani.

Guardians: On the rare occasions the Guardians have spent significant money in free agency, it has often been for a defensively limited slugger – think Josh Bell, Yonder Alonso, and Edwin Encarnacion. That said, a contract for Pete Alonso would easily be the biggest this front office has ever handed out to a free agent. What’s more, Alonso would only fit in Cleveland if the team were to trade current first baseman Josh Naylor. It would seem counterproductive for the Guardians to deal Naylor and his projected $12MM salary only to turn around and sign Alonso.

Mariners: The Mariners are looking for a righty-batting first baseman, and Alonso would certainly be a nice offensive upgrade for a team that struggled to score runs in 2024. Still, their reported interest in players like Carlos Santana and Justin Turner suggests they aren’t in the market for a bigger free agent addition. The M’s might be planning to increase payroll in 2025, but signing a big name like Alonso still seems unlikely. They haven’t signed a free agent hitter to a contract worth more than $25MM since Nelson Cruz a decade ago.

Marlins: Sure, the Marlins could use Alonso. They could use just about every available free agent. That said, this team is highly unlikely to pursue any free agents who aren’t one-year stopgaps/veterans to flip at the trade deadline.

Orioles: GM Mike Elias has already signed his slugger to replace Anthony Santander, and he went with outfielder Tyler O’Neill. That leaves the O’s with a bit of a logjam at first base/DH, where Ryan Mountcastle, Ryan O’Hearn, and Heston Kjerstad could all vie for playing time. Elias might make a trade to clear that up, but even so, Baltimore’s payroll is already significantly higher than it was last year, and another big signing for the offense seems improbable.

Padres: The Padres have room for Alonso, especially if they trade Luis Arraez, and they could use a big bat to replace Jurickson Profar. However, POBO A.J. Preller is operating under tight payroll constraints this winter. Even for Preller, who always seems to have a surprise up his sleeve, Alonso doesn’t seem like a realistic target.

Phillies: The Phillies fall into the Braves/Dodgers camp. Their two best hitters, Bryce Harper (1B) and Kyle Schwarber (DH), already occupy the only positions Alonso could fill.

Pirates: Like the Nationals, the Pirates are an up-and-coming young team with room for a veteran bat at first base. Unlike the Nationals, however, the Pirates have never been big players on the free agent market. There’s a good chance they’re planning to run with recent trade acquisition Spencer Horwitz at first base in 2025.

Rangers: With the addition of Jake Burger, the Rangers don’t really have room for Alonso in the lineup. Given their desire to slip beneath the luxury tax in 2025, they probably don’t have the payroll space either. First baseman Nathaniel Lowe has come up in loose trade rumors this offseason, but it wouldn’t really make sense for Texas to part with the cost-controlled Lowe to sign Alonso. Both players have been similarly productive over the past three years. Moreover, the Rangers are reportedly seeking a left-handed bat. Trading the lefty-batting Lowe to sign the righty-batting Alonso would only set them back in that respect.

Rays: Even if the Rays were finally going to shock the baseball world and sign a top free agent to a nine-figure contract, Alonso probably wouldn’t be their guy. According to wRC+, Tampa Bay’s cost-controlled first baseman Yandy Díaz has outperformed Alonso at the plate in each of the past three seasons.

Red Sox: Boston already has money to spend but a cluttered first base and DH mix. Rafael Devers is a poor defender at third and the club has considered moving him over to first. But since they have Triston Casas there and Masataka Yoshida likely taking up a lot of DH time, it’s led to rumors of Casas being available on the trading block. Signing Alonso would be an expensive way of further crowding that situation.

Rockies: You can’t completely count out the Rockies – this is the team that signed Kris Bryant to a $182MM deal just a few years ago – but there is no reason to believe Colorado is in on any of the top free agents this year. After Charlie Blackmon’s retirement, Bryant is likely to get most of the reps at DH in 2025, while the Rockies surely want to see what they have in Michael Toglia at first base.

Royals: The Royals could use the offense, but they’re highly unlikely to spend what it will take to land Alonso. On top of that, they already have a full-time first baseman in Vinnie Pasquantino. With players like Jonathan India and Salvador Perez already on the roster, Kansas City probably isn’t looking for a full-time DH.

Twins: The Twins could use a first baseman to replace Carlos Santana, but Alonso is almost surely out of their price range. RosterResource already projects their 2025 payroll to be $12MM higher than the final estimate from 2024.

White Sox: Not happening.

Image courtesy of Imagn.

Cohen: Mets “Still Engaged” With Alonso

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At this afternoon’s presser to introduce Juan Soto, Mets owner Steve Cohen said the team is “still engaged” with Pete Alonso (link via Tim Britton and Will Sammon of the Athletic). That comes a few days after baseball operations president David Stearns said at the Winter Meetings that the team would “love to bring Pete back.”

There hasn’t been much public chatter about Alonso’s free agency. Jon Heyman of the New York Post wrote last night that Alonso would have interest in joining the Yankees if the Mets don’t make a serious push to retain him. Ties between the Yanks and Alonso have been fairly loose, though, as reports have cast them as stronger suitors for Christian Walker. Beyond the New York teams, chatter about the Alonso market has been speculative. The Nationals and Giants are among the teams that could use an impact bat at first base, but there’s no firm indication they’ve been involved.

Alonso declined a qualifying offer last month. Aside from the Mets, every team would forfeit draft picks and/or international signing bonus space to add him. The Mets would relinquish the right to receive a compensatory pick, but that’d only come after the fourth round if he walked. It’s a minimal barrier.

The slugger is coming off a relative down year. Alonso hit .240/.329/.459, the first time in his career he’s had an OPS below .800. His 34 home runs is a personal low over a full season. It’s not an ideal time for his production to dip, but there’s obvious value in a player whose floor is a 30+ homer showing. Alonso has been incredibly durable and started 160 games this past season. He heated up in the postseason, hitting .273/.431/.568 with four homers over 13 games.

As MLBTR explored in a post for Front Office subscribers last month, Alonso is a tricky free agent to value. His reputation could lead his camp to seek a deal approaching or topping Matt Olson ($168MM) and Freddie Freeman ($162MM with deferrals). Front offices have increasingly devalued this general profile, though. Alonso has limited defensive and baserunning value, while his average and on-base percentage are middling.

Stearns preferred not to invest heavily at first base during his time leading baseball operations with the Brewers. Milwaukee ran payrolls that were a fraction of what the Mets do under Cohen, of course, so that’s not necessarily an indication of how Stearns will operate in Queens. Even after paying Soto a record $51MM average annual value, New York has an estimated luxury tax payroll around $252MM (via RosterResource). That’ll probably end up north of $300MM by the end of the offseason. They could certainly accommodate Alonso financially. New York also needs to add at least one starter and will probably deepen the bullpen via another acquisition or two.

Latest On Yankees, Christian Walker

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The Yankees’ interest in Christian Walker was initially reported on last month, but it wasn’t until Juan Soto signed with the Mets that the Yankees were seemingly able to devote more attention to other position-player targets.  The change of focus apparently happened pretty quickly, as Joel Sherman of the New York Post writes that the Yankees “renewed contract discussions” with Walker’s camp on Sunday evening, which was the same time that news broke of Soto’s record $765MM contract.

While the pitching and hitting markets aren’t exactly the same, the Bombers’ eight-year, $218MM megadeal with Max Fried is easy evidence that New York has been able to quickly pivot into the rest of its target list with Soto off the board.  First base help and lineup help in general are both needs, and signing Walker would address both issues in one fell swoop.

Fried’s deal adds another wrinkle to the Yankees’ pursuit of Walker, or any other free agent who rejected a qualifying offer.  Because New York was a luxury tax payor in 2024 and because Fried turned down the Braves’ QO, the Yankees had to give up $1MM in international bonus pool money as well as their second- and fifth-highest picks in the 2025 draft in order to complete the signing.  Inking Walker to a deal would cost the Yankees another $1MM in int’l pool funds, as well as two more draft picks — their third- and sixth-highest selections.

As much of a hit this could be to New York’s 2025 draft plans, Brian Cashman’s front office might view it as a necessary cost in order to capitalize on the team’s contention window.  Fried adds another top-flight arm to pair with Gerrit Cole atop a deep Yankee rotation, Aaron Judge is still arguably the best hitter in the sport, Giancarlo Stanton has a bounce-back 2024 season, and a younger core of Jazz Chisholm Jr., Austin Wells, Anthony Volpe, and (New York hopes) Jasson Dominguez can all contribute both now and in the future.

Walker would represent another big piece to this puzzle, bringing both elite first-base defense and a strong bat.  Walker is turning 34 in March but hasn’t shown signs of slowing down, plus his age might be a feature and not a bug in terms of the Yankees’ needs.  MLB Network’s Jon Morosi said that a shorter-term contract might be more preferable for the Yankees than a longer deal for a younger first base option, which is why Morosi notes that Walker “is more of a priority for the Yankees than Pete Alonso would be.”

Mets Notes: Bregman, Alonso, Loaisiga, Blackburn, Mauricio

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As if signing Juan Soto to a record contract wasn’t enough, the Mets could be exploring another big-ticket addition for the corner infield.  Ari Alexander of KPRC (X link) reports that the Mets are among the teams who have interest in Alex Bregman, while president of baseball operations David Stearns told MLB.com’s Anthony DiComo and other reporters that the Mets would “love to bring [Pete] Alonso back.”

While referring to Alonso’s market but perhaps speaking broadly about the Mets’ payroll situation as a whole, Stearns said “I think our ownership has consistently demonstrated that there’s going to be resources when we need them.  There is the ability for us to make baseball moves when we think that they’re there to improve the team, and we’re going to continue to pursue a wide variety of areas to continue to improve our team.”

This means that neither Alonso, Bregman, or perhaps a top-tier pitcher can be ruled out during what has already been an aggressive offseason in Queens.  The Mets had so much coming off the books this winter that even with Soto’s mega-deal now factored in, New York’s luxury tax number is still a relatively modest $251.8MM (as per RosterResource’s estimate).  While this is over the $241MM tax threshold, simply exceeding the tax line is nothing to Mets owner Steve Cohen, whose team had an estimated $358.1MM tax number in 2024.

Mark Vientos’ breakout season makes him a lock for one corner infield slot, giving New York some flexibility in deciding what to do with the other side of the diamond.  Vientos could just remain at the hot corner and the Mets could run it back entirely by re-signing a popular homegrown slugger Alonso.  Or, the Mets could shake things up by moving Vientos to first base, clearing room for Bregman as the new starting third baseman.

Both Bregman and Alonso rejected qualifying offers, though in re-signing Alonso, the Mets wouldn’t have to give up any compensation since he is their own free agent.  Signing Soto cost the Mets $1MM in international draft pool money and their second- and fifth-highest picks in the 2025 draft, so signing another QO-rejecting free agent would cost another $1MM of bonus pool funds plus two more picks — this time New York’s third- and sixth-highest selections.  It isn’t entirely out of the question that the Mets could burn such a big chunk of a draft year in search of premium win-now talent, though the club’s preference is likely to avoid another free agent tied to compensation.

Moving onto pitching targets, ESPN’s Jorge Castillo writes that the Mets are one of the teams linked to Jonathan Loaisiga’s market.  Loaisiga was known to have received interest from 14 teams, including both New York clubs.  Mets manager Carlos Mendoza is very familiar with Loaisiga from their shared time together in the Bronx when Mendoza was the Yankees’ bench coach.

Loaisiga pitched just four innings in the 2024 season before his year was cut short by a UCL-related surgery (not a Tommy John procedure).  Multiple injuries have limited Loaisiga to 219 2/3 innings since his MLB debut in 2018, but the right-hander has been an intriguing bullpen weapon when he’s been healthy, delivering a 3.28 ERA over 181 1/3 frames as a reliever.  The buy-low potential is strong, so it isn’t surprising that Loaisiga is drawing such widespread attention from teams in need of bullpen help.

Stearns also provided a couple of injury updates during his media session (hat tip to DiComo and Newsday’s Tim Healey).  The Mets believe Paul Blackburn will be ready for Opening Day in the aftermath of an October surgery to fix a spinal fluid leak.  As dangerous as that procedure sounds, it carried a relatively brief recovery timeline of 4-5 months, and the Mets are encouraged enough by Blackburn’s rehab to now project him on the shorter end of that timeframe.

Blackburn could be another part of New York’s bullpen picture, but Stearns said the right-hander is still being viewed as a starting pitching option.  Blackburn would currently line up as the fifth starter behind Kodai Senga, Frankie Montas, David Peterson, and Clay Holmes, though both his health status throughout Spring Training and the Mets’ further offseason moves could impact that rotation job.  Acquired from the A’s at last year’s trade deadline, Blackburn was limited to five starts and 24 1/3 innings (posting a 5.18 ERA) due to both his back problem and a hand bruise.

It was almost exactly a year ago that top prospect Ronny Mauricio suffered a torn ACL during winter ball action, and Stearns said that Mauricio is now getting back to baseball-related activities.  A former regular of the top-100 prospect rankings, Mauricio made his MLB debut in the form of 26 games and 108 PA for the Mets in 2023, but his injury dealt a big setback to his chances of being a bigger part of the infield mix last season.

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