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Latest On Mariners’ Bullpen Targets

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Mariners general manager Justin Hollander publicly admitted a few weeks back that the club would be looking for bullpen upgrades. Adam Jude of The Seattle Times reports that Seattle plans to add two relievers and hopes to have one locked down by the end of the Winter Meetings next week. Adding a lefty is a priority and Jude lists five names they are considering, with four of them being southpaws. They are Matt Strahm of the Phillies, JoJo Romero of the Cardinals, Jose A. Ferrer of the Nationals, as well as free agents Tyler Rogers and Hoby Milner. Rogers is the lone right-hander in that group. Jude also mentions that the Mariners had interest in right-hander Phil Maton before he signed with the Cubs.

Seattle had a decent bullpen group in 2025. Their relievers had a collective 3.72 earned run average, which was ninth in the majors. Andrés Muñoz is one of the better closers in the game. But just about any club can add an extra leverage arm or two and bump other guys down a peg. That’s particularly true for the Mariners from the left side, as Gabe Speier is their only established southpaw reliever at the moment. Robinson Ortiz is the other lefty reliever on the 40-man but he hasn’t yet made his major league debut.

It’s unlikely that the club will spend a lot on the relief group. President of baseball operations Jerry Dipoto suggested that the M’s will likely begin 2026 with a similar payroll to where they were at the end of 2025. RosterResource estimates that they are currently about $15MM shy of that target. They already re-signed Josh Naylor but could look to further bolster the infield by re-signing Jorge Polanco or Eugenio Suárez. Jude unsurprisingly suggests the M’s aren’t likely to go after a big name reliever like Edwin Díaz or Robert Suarez.

Strahm, 34, is the most established of the bunch. He now has ten big league seasons under his belt. Though he has pushed into his mid-30s, he has remained effective. He just tossed 62 1/3 innings for the Phils this year, allowing 2.74 earned runs per nine. His 7.8% walk rate was a bit better than average and his 27.3% strikeout rate was quite strong. He triggered a vesting option in his contract and will make $7.5MM next year.

All that makes him attractive for the Mariners but also valuable for the Phillies. It’s possible the Phils may be willing to move a lefty due to a relative surplus. They have reportedly received some trade interest since they have Strahm, José Alvarado and Tanner Banks. The Phils have a lot they want to accomplish this winter, including re-signing Kyle Schwarber and J.T. Realmuto while also remaking their outfield and perhaps bolstering the rotation. They have some money to spend but perhaps trading one of their lefties could leave them less reliant on spending their cash.

Romero, 29, is a much more straightforward trade candidate. The Cardinals are rebuilding and he is just one year away from free agency. MLBTR contributor Matt Swartz projects him for a salary of $4.4MM next year. Over the past three years, he has tossed 156 2/3 innings for the Cards with a 2.93 ERA, 22.9% strikeout rate, 8.5% walk rate and 53.3% ground ball rate.

Ferrer, 26 in March, is also on a rebuilding club. However, he’s under club control for four more years and hasn’t yet qualified for arbitration, so the Nats don’t really need to trade him anytime soon. They are surely hoping to return to contention within his window of control but they may be open to a trade anyway, given that a pitcher can get hurt at any time and reliever performance tends to be volatile.

In Ferrer’s career, he has an unimpressive 4.36 ERA but that might mask his true skills. He is a ground ball guy and the Nats have been one of the worst defensive clubs in recent years, so perhaps a change of scenery would help him unlock a new gear in terms of run prevention. In 76 1/3 innings for the Nats this year, his 21.9% strikeout rate was just shy of league average. His 4.9% walk rate and 62.6% ground ball rate were both excellent. His 4.48 ERA doesn’t look great but his 3.03 FIP and 2.85 SIERA provide more optimism about him thriving in a different environment.

Milner, 35 in January, has a somewhat similar grounder-heavy profile to Ferrer. He has logged at least 64 innings in four straight seasons now. Over that 2022-25 span, he has thrown 264 frames with a 3.55 ERA, 22.6% strikeout rate, 5.8% walk rate and 51.1% ground ball rate. Despite the solid track record, he was only able to secure a one-year, $2.5MM deal from Texas last winter. Perhaps he’ll have some extra earning power after finishing another solid season but he’s also a year older.

Rogers, 35 this month, is one of the most unique pitchers in the game. Not to be confused with his lefty brother Taylor, Tyler is the submarining righty. He doesn’t rack up strikeouts but he is one of the best in the game when it comes to staying healthy, avoiding walks and inducing grounders as well as soft contact. He has logged at least 70 innings in five straight campaigns. Dating back to the start of 2021, he has 378 1/3 innings with a 2.71 ERA, 17% strikeout rate, 4.4% walk rate, 56.3% ground ball rate and consistently strong numbers in terms of exit velocity allowed. He is a free agent for the first time and should be in high demand but some teams may be scared off by his age and lack of velocity, as he can barely even get into the 80s with his fastballs.

Photo courtesy of Jayne Kamin, Oncea-Imagn Images

AL East Notes: Bellinger, Tucker, Maton, Campbell

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As usual, the Yankees have been linked to many of the top names on the free agent market, with Kyle Tucker and Cody Bellinger noted as two of the more prominent players on New York’s radar.  How exactly the front office is ordering their internal wish list remains to be seen, but Jon Heyman of the New York Post writes that Tucker “appears to be a backup plan” to Bellinger.  Familiarity and defensive flexibility are the key elements, as Heyman notes that the Yankees already know Bellinger can handle playing in the pressurized environment of the Bronx.  Tucker is primarily a right fielder who would have to move over to left field in New York due to Aaron Judge’s presence, while Bellinger brings more defensive utility as a player capable of playing all three outfield positions and first base.

It can also be assumed that the Yankees would prefer paying Bellinger’s lower price tag  — MLBTR projects Tucker to land an 11-year, $400MM deal, whereas Bellinger is projected for a relatively more modest $140MM over five years.  Signing Tucker would also cost the Yankees draft picks and international bonus money, whereas those qualifying offer-related penalties don’t apply if Bellinger is re-signed.

Here’s some more from around the AL East…

  • The Blue Jays had interest in Phil Maton before the veteran reliever signed with the Cubs, Sportsnet’s Ben Nicholson-Smith reports.  This tracks with the Jays’ previous interest in the righty, as Toronto was previously linked to Maton when he was a free agent last winter and at the trade deadline before Maton was dealt from the Cardinals to the Rangers.  Toronto is known to be looking for a reliever to supplement or even replace Jeff Hoffman in the closer’s role, but Maton also would’ve been a good addition as a bullpen workhorse who has shown an ability to handle higher-leverage work in the past.
  • Kristian Campbell will be playing winter ball, the Boston Globe’s Alex Speier reports, as the Red Sox continue to look to get Campbell on track after a shaky debut season in the majors.  A meteoric rise in his first two pro seasons earned Campbell a spot on Boston’s Opening Day and an eight-year, $60MM extension shortly thereafter, but he hit only .223/.319/.345 over 263 plate appearances as pitchers adjusted quickly to Campbell after his hot start.  Demoted to Triple-A Worcester in June, Campbell hit decently well at Triple-A but with little power, and he also was toggled around the diamond seeing time at first base, second base, and all three outfield positions.  Sox chief baseball officer Craig Breslow told Speier and other reporters earlier in November that Campbell was focused on regaining some weight and becoming stronger to better handle the grind of a full season.  The pricey contract along will keep Campbell involved in Boston’s plans, though it remains to be seen how he’ll fit into a 2026 team that has a crowded outfield, and has been linked to multiple major free agent infielders.

Cubs Sign Phil Maton

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The Cubs’ first addition of the offseason will come in the bullpen, as Chicago has agreed to terms with right-hander Phil Maton on a two-year, $14.5MM contract with a club option for a third season. The Paragon Sports International client can pick up another $250K worth of incentives based on innings pitched in each of the two guaranteed seasons on the contract.

Maton receives a $5.5MM salary next season, $6MM in 2027, and is guaranteed a $3MM buyout on the ’28 option — which is valued at $8.5MM. He’d also receive a $250K assignment bonus in the event of a trade and would unlock $125K bonuses at 40 and 50 games apiece in the first two seasons of the deal. Those would climb to $250K at 40 and 50 appearances in 2028 if the option is exercised.

Maton split last season between the Cardinals and Rangers. He joined St. Louis on a one-year, $2MM deal and pitched well for the first half of the season. After 38 1/3 innings of a 2.35 ERA, the Cardinals shipped him to Texas at the trade deadline for minor league pitchers Mason Molina and Skylar Hales. Maton’s ERA rose to 3.52 with his new team, but he upped his strikeout rate to 36.7% and picked up three saves over 23 appearances.

Chicago will be Maton’s eighth team in 10 big-league seasons. He was drafted by the Padres in 2015. Eye-popping strikeout numbers helped the righty zoom through San Diego’s system, and he reached the big leagues by 2017. Maton delivered decent contributions with the Padres in his first two seasons, though he missed time with a lat strain in 2018. After a half-season spent bouncing between the Padres and Triple-A El Paso the following year, Maton was dealt to Cleveland for cash.

Maton flashed the swing-and-miss upside he had shown in the minors for the first time at the big-league level with Cleveland. He posted a 33.3% strikeout rate across 23 games in the shortened 2020 season, then pushed it to 34.3% in the first half of 2021. Maton was on the move again at the 2021 trade deadline, heading with Yainer Diaz to Houston for Myles Straw. The deal turned out to be a big win for the Astros, even before factoring in Diaz’s contributions. Maton compiled a 3.67 ERA across 157 innings with Houston through 2023. He was phenomenal during the 2021 playoffs, allowing just one earned run in 12 games. Maton secured three holds in the postseason that year, including two in the World Series.

Maton hit the open market following the 2023 season and landed in Tampa Bay on a one-year, $6.5MM deal. He struggled with the Rays and ended up getting dealt to the Mets in early July. Maton put together 28 2/3 innings of a 2.51 ERA in New York, but stumbled in the postseason. The veteran was knocked around for six earned runs in 6 1/3 innings in the playoffs, including four home runs.

Velocity isn’t Maton’s strong suit, as his fastball barely cracks 90 mph. The veteran has found success by leading with his curveball and mixing in cutters and sinkers. Maton has used the hook as his primary pitch in two of the last three seasons. He threw it 38.2% of the time last year, and it recorded a healthy +10 run value. Maton’s cutter, curveball, and sweeper all had whiff rates above 32% last season.

Maton has excelled at limiting hard contact at every stop. He’s limited hitters to a 29.9% hard-hit rate for his career. Maton ranked in the 98th percentile or better in hard-hit rate, barrel rate, and average exit velocity last season.

With Brad Keller hitting free agency and Andrew Kittredge traded to Baltimore, Chicago had a clear need for a righty at the backend of the bullpen. Daniel Palencia will likely resume closer duties after battling injuries at the end of last season, but Maton should factor into the late-inning mix alongside Porter Hodge. FanGraphs’ RosterResource tool has the Cubs’ payroll at around $177MM for 2026. The club has been above $200MM the past two seasons, so there could be more room to add in the bullpen. Luke Little and Jordan Wicks don’t have a ton of big-league experience between them, so pursuing a veteran southpaw might make sense.

Bleacher Nation’s Michael Cerami first reported that Maton was signing with the Cubs. Will Sammon of The Athletic reported the length of the deal, and the New York Post’s Jon Heyman first broke the financial terms. The Associated Press reported the salary structure.

Rangers Acquire Phil Maton

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The Rangers have added another veteran arm to their bullpen, acquiring right-hander Phil Maton from the Cardinals in exchange for minor league pitchers Mason Molina and Skylar Hales, per announcements from both clubs. Texas designated minor league outfielder Dustin Harris for assignment to clear a 40-man roster spot.

Maton, 32, is playing the current season on a one-year, $2MM contract signed after spring training was underway. Other clubs around the league are surely kicking themselves to an extent, as Maton has turned in a career-best performance in St. Louis. He’s tallied 38 1/3 innings with a 2.35 ERA, a 30.5% strikeout rate and a 9.5% walk rate. Maton’s 50.6% ground-ball mark is a career-high.

While he’s never been a hard-thrower, Maton has carved out a solid career for himself living in the upper 80s and low 90s. He’s sitting 89.5 mph with his sinker in 2025 — and throwing it at a career-high 13.2% clip — and averaging just 90.6 mph with his cutter. Maton has thrown his mid-70s curveball more than any other pitch this season, and he’s also mixed in a slider that sits 83.4 mph.

The whole package has been effective. Maton is missing bats, inducing grounders and limiting hard contact even better than he typically does — which is impressive given his track record. Opponents have averaged just 86 mph off Maton in his career, but they’re putting the ball in play at an average of only 84.8 mph in 2025. His 28.9% hard-hit rate is among the lowest in the sport, and Maton has only allowed three “barreled” balls, per Statcast’s definition, all season.

Maton has picked up 20 holds and a pair of saves with the Cardinals. He’s not likely to step into the ninth inning in Texas, but he’ll join newly acquired left-hander Danny Coulombe as a setup man to closer Robert Garcia. He’s a free agent at season’s end, making Maton a pure rental, but the cost of acquisition reflects that lack of team control.

Molina, 22, was the Brewers’ seventh-round pick in last year’s draft. The former Arkansas Razorback was traded to Texas in a January swap sending righty Grant Anderson to Milwaukee. He’ll now join his third organization in barely a year of pro ball.

The 6’2″, 230-pound Molina has split the current season between the Rangers’ Class-A and High-A affiliates. He’s appeared in 18 games, 17 of them starts, and worked to a 3.41 ERA in 74 innings. Molina has punched out 30.5% of his hitters and walked 9.3% of the batters he’s faced. He didn’t rank among the Rangers’ top-30 prospects.

The 23-year-old Hales was the Rangers’ fourth-round pick in 2023. He posted terrific numbers in his first season of pro ball but has struggled in year two, logging an ERA north of 5.00 in Double-A and serving up 13 runs in his first 7 1/3 innings at the Triple-A level. Overall, Hales has pitched 33 minor league innings and been tagged for a 7.64 ERA.

It’s not a compelling statistical profile, but Hales has a powerful 6’4″, 220-pound frame and averages better than 95 mph on his heater. Even as he’s struggled to keep runs off the board, he’s fanned nearly 28% of his opponents and notched strong swinging-strike rates. His command hasn’t been sharp in his limited look in Triple-A, but he posted quality walk rates at each stop prior to reaching Memphis.

Hales is a pure bullpen prospect, relying primarily on a fastball/slider combo. If he can get his command back on track and improve his performance with runners on base, he has the tools to be a useful bullpen piece.

The roster casualty for Maton will be Harris, a former 11th-round pick of the A’s whom the Rangers acquired in a 2020 trade. He ranked among the organization’s better prospects for a few seasons and had the look of an offensive-minded first baseman or left fielder. Harris posted huge numbers up through High-A and above-average numbers in his first passes through the Double-A and Triple-A levels.

He’s now in his third run through Triple-A, however, and he’s delivered below-average output in each of his past two stints at the level. In 308 plate appearances this season, the lefty-swinging Harris has a .262/.355/.401 slash with nine homers and 24 steals. He’s walked at a strong 10.7% clip and fanned in a lower-than-average 18.8% of plate appearances. It’s not necessarily bad production, but he’s checked in 5% worse than league average, by measure of wRC+.

Harris is also in his final minor league option year. He would’ve needed to stick on the major league roster next season had the Rangers not jettisoned him from the 40-man roster. That’ll be true for any organization that claims him off waivers as well. Harris can be optioned for the remainder of the current season but will have to stick in the majors or else be designated for assignment again next year.

Since trades of players who’ve been on 40-man rosters are no longer permitted, Harris will head to waivers within the next five days. He’ll be made available to all 29 other clubs at that point, with waiver priority determined by reverse standings.

ESPN’s Jeff Passan first reported that Maton was headed to Texas. The Athletic’s Katie Woo reported the return.

Cardinals Unlikely To Move Burleson, Donovan, Nootbaar

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1:02pm: Though the Cardinals have indeed gotten several calls on Burleson, Nootbaar and Donovan, they’re expected to hold onto all three players, reports Katie Woo of The Athletic. Maton will almost certainly be traded, but that could be the final piece of business for St. Louis today.

8:32am: The Cardinals have already shipped out Ryan Helsley and Steven Matz, and there’s plenty of work for their front office to do between now and this afternoon’s deadline. They’ve talked Phil Maton with the Blue Jays (among other clubs), and USA Today’s Bob Nightengale reports that they’re also fielding offers on outfielder Lars Nootbaar, first baseman/outfielder Alec Burleson and utilityman Brendan Donovan (who’s reportedly been on the radar of the Dodgers and Yankees already — albeit before the Yankees acquired Ryan McMahon).

Two of the clubs showing interest in Burleson, Nootbaar and Donovan are the Phillies and Astros, per the report. Philadelphia is known to be looking to realign its outfield, while the Astros have been looking for left-handed bats — ideally one they could plug in at second base. Donovan fits that bill, though there’s certainly room for a left-handed bat like Burleson or Nootbaar to join the team’s outfield mix. Houston currently has journeyman former top prospect Taylor Trammell and struggling young prospect Jacob Melton taking on notable outfield roles.

All three of Burleson, Nootbaaar and Donovan are controlled for multiple years beyond the current season. Burleson has the most remaining club control, with three full seasons still to go. Both Nootbaar and Donovan are controlled two additional years, through 2027. Nootbaar, notably, has been on the injured list since July 12 due to a ribcage injury, but he began a minor league rehab assignment yesterday and went 1-for-4 with the Cardinals’ Double-A affiliate.

Burleson, 26, is in the midst of a career-best performance at the plate. The former second-round pick is slashing a .287/.341/.469 (127 wRC+) with 14 home runs, 19 doubles and just a 13% strikeout rate. That level of contact is nothing new, as he posted a matching 13% strikeout rate in 2023 and a 12.8% rate last season.

This year’s 7.6% walk rate is a career-best in a full season, however, even if it’s still a slight bit below average. Burleson’s power output is also at a career-high level. He entered 2025 with a career .402 slugging and .146 ISO (slugging minus batting average); he’s bumped that ISO considerably, up to .182. He’s also sporting career-high marks in average exit velocity (91.4 mph) and hard-hit rate (42.7%).

While Burleson’s bat has steadily improved as he’s gotten more experience in the majors, his glovework remains lacking. He’s split his time between the outfield corners and first base this season but drawn middling defensive marks. He’s been generally solid at first base in 443 career innings but has below-average grades in both outfield corners. Burleson’s arm strength is better than average, per Statcast, but he hasn’t been terribly accurate with his throws and has well below-average range — as one would expect for a player whose sprint speed sits in just the tenth percentile of big leaguers. The Phils and Astros would probably both use Burleson in the outfield, given the presence of Bryce Harper and Christian Walker at first base in Philadelphia and Houston, respectively.

Nootbaar is a cleaner fit for either team from a defensive standpoint but is more expensive — $2.95MM salary to Burleson’s pre-arbitration $778K — and comes with less club control. He also has some uncertainty surrounding him due to his injury. He’s batting .227/.332/.381 (104 wRC+) with a characteristically high walk rate (12.8%) but more strikeouts and less pop than usual.

The 27-year-old Nootbaar (28 in September) has long tantalized the Cardinals and other clubs alike. He’s regularly displayed many traits that give him the feel of a player on the cusp of breaking out. Nootbaar walks at an extremely high level (13.6% since 2022), strikes out less than the average player (20.2% strikeout rate since ’22) and routinely posts excellent batted-ball metrics. He’s averaged 91 mph off the bat and posted a 10% barrel rate and 45.5% hard-hit rate in that same timeframe. Nootbaar has been a bit grounder-heavy in the past but has been elevating the ball at career-high levels in 2025.

Defensively, he’s drawn strong grades in the corners and held his own with average marks as a center fielder. Nootbaar isn’t a burner but has average sprint speed and good arm strength. He could help with Philadelphia’s need in center field and could hold down center in Houston while Jake Meyers mends before moving to a corner.

Donovan, presumably, has drawn the widest interest of all. He’s a strong defender at second base and third base who can hold his own in either outfield corner and provide backup options at first base or shortstop. Like Burleson, he’s fanned in just 13% of his plate appearances across the past three seasons. Donovan doesn’t have huge power but has nine homers on the year and could reach or exceed his prior career-high (14) in the final couple months of play.

As with Nootbaar, this is Donovan’s first year of arbitration eligibility. He’s earning an eminently reasonable $2.85MM and would be owed raises in each of the next two offseasons. Given the fact that Donovan can play just about any position on the diamond and provide high-end contact skills with solid all-around offensive output, virtually any contender could fit him onto the roster. Even if he doesn’t have one specific position he mans on an everyday basis, Donovan could still slot into a postseason club’s lineup daily and rotate through multiple positions, helping keep the entire lineup fresh.

The Cardinals generally haven’t been viewed as likely to trade their long-term players, though Nightengale suggests that they’re open for business as of this morning. Whether that means they’re simply listening out of due diligence or there’s actual motivation to move a Burleson, Donovan or Nootbaar remains to be seen. But with the limited inventory of position players on the market and a slew of contenders looking to improve, the Cardinals could take advantage of market scarcity to secure a strong return on a controllable player that they may not have been looking to move even a few weeks ago.

Rangers Interested In Hunter Harvey, Phil Maton

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The Rangers are looking for bullpen help and Ken Rosenthal of The Athletic reports that Phil Maton of the Cardinals and Hunter Harvey of the Royals are two of their targets. Rosenthal also mentions Jake Bird of the Rockies and David Bednar of the Pirates but notes that the Rangers expect the asking price on Bednar to be too steep. The Rangers’ interest in Bednar and Bird has been previously reported. Bob Nightengale of USA Today reports that Texas would like to clear some payroll space today in order to accommodate bullpen upgrades.

Financial constraints have been an ongoing theme for the Rangers this year, as they clearly want to avoid the competitive balance tax. Owner Ray Davis admitted as much back in January. To stay under that line, their bullpen signings were modest. They inked Chris Martin, Hoby Milner, Luke Jackson, Jacob Webb and Shawn Armstrong to one-year deals, none of them worth more than $5.5MM.

The returns on those deals have been mixed. Jackson was recently released and is now with the Tigers. Armstrong and Milner have been good. Martin has also been good but is currently on the injured list. Webb is on the IL as well.

Texas relievers have a collective 3.37 earned run average, fourth-best in baseball. However, that might belie the true talent of the group. Their .277 batting average on balls in play, 72.6% strand rate and 8.4% homer to fly ball rate are all a bit to the unfortunate side. Their 13.3 K-BB% is 15th in the majors and their 3.82 SIERA 16th.

Regardless, most contending clubs look for bullpen upgrades ahead of the deadline. The Rangers are currently tied with the Mariners for the last American League Wild Card spot and figure to be adding.

Maton, 32, is often underrated. Dating back to the start of 2020, he has thrown 322 1/3 innings with a 3.69 ERA. He has struck out 27.1% of opponents, given out walks at a 9.2% rate and induced grounders on 42.8% of balls in play. He also does very well in terms of limiting damage. His average exit velocity, barrel rate and hard hit rate are often near the top of the league leaderboards. He also has a 2.57 ERA in 28 playoff innings.

Despite that solid track record, his market hasn’t always been strong, perhaps because his velocity maxes out around 91 miles per hour. He first reached free agency ahead of 2024 and signed a modest one-year, $6.5MM deal with the Rays. He didn’t do especially well in Tampa, posting a 4.58 ERA. However, he righted the ship after being flipped to the Mets, posting a 2.51 ERA with that club.

He returned to free agency ahead of the current season and lingered on the open market into March. The Cardinals grabbed him with a $2MM guarantee on a one-year deal. That has worked out nicely, as Maton has a 2.35 ERA in 38 1/3 innings. He has a 30.4% strikeout rate, 9.5% walk rate and 50.6% ground ball rate. He’s also still inducing weak contact, like usual. The Cards are clearly selling, having already traded Ryan Helsley to the Mets and Steven Matz to the Red Sox. An impending free agent like Maton is sure to go. He’s also been connected the Blue Jays this week.

Harvey, 30, is a bit more of a wild card. He hasn’t pitched much in the past year due to injury. He was traded from the Nationals to the Royals at last year’s deadline. Back tightness put him on the shelf after that deal. This year, a right teres major strain put him on the shelf for a few months and he only recently returned. He has only thrown 13 1/3 big league innings for the Royals since they acquired him.

But the results have been good when healthy. Dating back to the start of 2022, he has a 3.13 ERA, 27.3% strikeout rate, 6.4% walk rate and 42.7% ground ball rate. It’s unclear if the Royals would make him available, however, as they’ve been acting as buyers. They extended Seth Lugo instead of trading him and have brought in role players like Randal Grichuk and Adam Frazier.

Neither Maton nor Harvey would deal a massive blow to the Rangers’ budget. Maton is making only $2MM this year, leaving roughly $640K to be paid out. Harvey is making $3.7MM, with about $1.2MM left.

RosterResource has the Rangers’ CBT number at $235MM, roughly $6MM away from the $241MM base threshold. Cot’s Baseball Contracts gives them a bit more wiggle room, putting them at $233MM. Those are just estimates and might be off by a few million, but it seems like there’s room for someone like Maton or Harvey to be added without pushing the Rangers too high, though the club also has a few players with notable bonuses who could complicate matters.

If the Rangers need to move some money around, it’s been speculated that they could look to make players like Adolis García, Jonah Heim or Kyle Higashioka available. Garcia is making $9.25MM this year and isn’t having a great season. Perhaps he would appeal to the Royals, who need more offense from their outfield. Heim and Higashioka are also having underwhelming seasons. Heim is making $4.575MM while Higashioka is in the first season of a two-year, $13.5MM deal.

Photo courtesy of Jay Biggerstaff, Imagn Images

Blue Jays Have Shown Interest In Phil Maton

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The Blue Jays are looking to bolster their bullpen and the Cardinals have arms available. The Jays were previously connected to Ryan Helsley, though he has now been traded to the Mets. The Jays and Cards clubs have also discussed right-hander Phil Maton, reports Derrick Goold of the St. Louis Post-Dispatch.

Maton, 32, is often underrated by fans and the baseball industry. Dating back to the start of the 2020 season, Maton has tossed 322 1/3 big league innings with a 3.69 earned run average. He has struck out 27.1% of batters faced, given out walks at a 9.2% clip and induced grounders on 42.8% of balls in play. He generally does very well in terms of limiting damage, as seen on his Statcast page. His average exit velocity, barrel rate and hard hit rate are regularly near the top of the league leaderboards. He also has a 2.57 ERA in 28 postseason innings.

Despite that generally strong track record, his market hasn’t always been robust, perhaps because his velocity maxes out around 91 miles per hour. He first reached free agency ahead of the 2024 season and signed a fairly modest one-year, $6.5MM deal with the Rays. He didn’t thrive in Tampa, posting a 4.58 ERA with that club. However, he got back on track after being flipped to the Mets, posting a 2.51 ERA with that club.

He returned to free agency ahead of this year and lingered unsigned into March. The Cardinals scooped him up with a $2MM guarantee on a one-year deal. That has worked out nicely so far, as Maton has a 2.35 ERA in 38 1/3 innings for the Cards. He has a 30.4% strikeout rate, 9.5% walk rate and 50.6% ground ball rate. He’s also still inducing all that weak contact, like usual.

The Jays are clear buyers, currently sitting atop the American League East, four games ahead of the Yankees. Their relievers have a collective 3.94 ERA this year, which puts them near the middle of the MLB pack. They already added one new arm, acquiring Seranthony Domínguez from the Orioles, but are still on the hunt for more.

The Cards, meanwhile, hovered in contention for a decent chunk of the season but have clearly moved into sell mode. In the past few days, they have flipped Helsley to the Mets as well as sending Erick Fedde to Atlanta and Steven Matz to Boston. Since Maton is an impending free agent, he should be on the move today as well.

Maton’s modest salary is surely appealing to the Jays. RosterResource estimates that they have a competitive balance tax number of $280.6MM. Cot’s Baseball Contracts has them a bit lower at $273MM. The third tier of the CBT this year is $281MM. Any team that goes over that line would have their top pick in the 2026 draft pushed back ten spots, in addition to incurring a higher taxation rate.

Perhaps the Jays are looking to avoid that line. The O’s reportedly sent them some undisclosed amount of cash in the Domínguez deal. Maton only has about $650K left to be paid out on his deal, so he wouldn’t be a huge hit. The Jays also have other targets, however, including starters such as Dylan Cease, Zac Gallen and Mitch Keller. Perhaps they would look to have other clubs eat money in any other deal they line up, like in the Domínguez swap, or they could theoretically move another player off their roster in order to free up some payroll space.

Photo courtesy of Jerome Miron, Imagn Images

Ryan Helsley Expects To Be Traded

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Ryan Helsley has stood as a logical trade candidate for upwards of ten months now, dating back to the Cardinals’ declaration that they planned to reduce payroll heading into the 2025 season and focus on creating opportunities for young players. St. Louis surprisingly held onto Helsley all offseason and up into deadline season. After holding a Wild Card spot earlier this summer, they’ve gone dropped 13 of their past 19 games and now sit nine games out of the division lead. They’re still just two and a half games back in the Wild Card scene but have three teams to leapfrog.

With the team’s recent slide, indications have been that they’ll wind up operating primarily on the sell side of the market. Derrick Goold of the St. Louis Post-Dispatch has reported in the past couple days that the Cards are listening on not only Helsley but also relievers Phil Maton and Steven Matz. Goold wrote this morning that the Cardinals aren’t necessarily turning away interest in lefty reliever John King or infielder Nolan Gorman — among other unnamed, more controllable pieces. (Presumably, southpaw JoJo Romero, who’s controlled through just the 2026 season, is obtainable as well.)

The reality seems to be setting in on the roster. Helsley told The Athletic’s Katie Woo tonight that the “likelihood is probably as great as it’s ever been for me to get traded” before going on to add: “I would say it’s 90 percent I go, 10 percent I stay.” Helsley made clear that his preference would be to remain with the Cardinals and win in St. Louis, but that’s not a decision that’s under his control at the moment.

At least five clubs have shown interest in Helsley, per Woo and colleague Will Sammon. The Dodgers are known to have interest in the 31-year-old flamethrower, and the Phillies were connected to him earlier this season. Back in the offseason, the Blue Jays were among the teams with interest, and it stands to reason now that they’re clear deadline buyers, they could revisit their pursuit of the impending free agent.

Helsley is earning $8.2MM in his final season of club control. The Cardinals could make him a qualifying offer and recoup a compensatory pick in the 2026 draft if he turns it down and signs elsewhere, though that would presume continued health and production from Helsley down the stretch. Neither is a guarantee. The most surefire way to extract some future value from the former All-Star is to trade him within the next week.

Helsley is having a nice season relative to the average big league reliever but a down year by his standards. He’s pitched 35 innings and logged a 3.09 ERA but has already blown five saves — more than he did all of last season (four). Helsley’s 25.5% strikeout rate and 9.2% walk rate have both trended in the wrong direction. He punched out 34.6% of his opponents from 2022-24, but his strikeout rate has now dipped for a third consecutive season. His walk rate is up from both the 8.6% and 8.4% marks he posted in 2024 and 2022, respectively, though it’s better than the 11.6% mark he logged in 2023 and right in line with his overall 2022-24 rate. He’s still averaging better than 99 mph on his fastball, though even his 99.3 mph average represents a modest dip from last year’s 99.6 mph.

That’s not to say Helsley doesn’t have much trade value. He’s one of the most talented relievers on the market, and the asking price on him will be considerably lower than on other marquee relievers like Emmanuel Clase, Jhoan Duran, Griffin Jax and David Bednar — all of whom are controlled at least one additional season (one for Bednar, two for Duran and Jax, three for Clase). Contending clubs covet power arms with high-leverage track records this time of year, and Helsley still checks those boxes, even if his results have dipped.

If the Cards string together several wins, perhaps they’ll ultimately wind up holding onto Helsley and plan to make him a qualifying offer. As things stand, however, the pitcher himself is bracing for a trade within the next week — and it sounds like several other Cardinals could end up on the move as well.

Latest On Cardinals’ Bullpen Trade Candidates

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Cardinals lefty Steven Matz has drawn some trade interest as the July 31 deadline inches closer, reports Derrick Goold of the St. Louis Post-Dispatch (video link, bullpen talk beginning around the 4:10 mark). “There are a handful of teams at least poking around on Matz,” per Goold. He adds that the Cardinals will also likely be open to offers on righty Phil Maton but would need a very strong offer to trade closer Ryan Helsley, who could receive a qualifying offer if he’s not moved.

[Related: St. Louis Cardinals Trade Deadline Outlook]

Matz, 34, is in the final season of a four-year, $44MM contract. He’s being paid $12MM this season and has about $4.65MM of that sum yet to be paid out. By the time deadline day rolls around, he’ll have about $3.8MM to go on that contract.

While the four-year deal hasn’t panned out as hope — Matz was injured/ineffective in both 2022 and 2024 — the 2025 season has been a good one for the veteran lefty. Matz has pitched well in two starts (nine innings, one run, 11 strikeouts, no walks) but has spent the majority of the season working in a multi-inning relief role. He’s pitched to a 3.35 ERA in 51 innings overall, fanning 21.4% of his opponents and limiting walks at a terrific 4.3% clip. He’s hit a rough patch of late, allowing nine runs in his past dozen innings, but it’s generally been a nice rebound year for the southpaw.

Goold adds that Matz has drawn interest from teams looking to fill a variety of roles. He obviously has a long track record as a starter and is pitching in multi-inning stints right now. It’d be possible to stretch Matz back out as a relatively under-the-radar target for teams seeking to fortify the back end of the rotation. Conversely, Matz has clear value in his current multi-inning role, and he has the stuff and results to succeed in a more traditional single-inning setup role.

Maton, 32, has been one of the top bargain pickups of the offseason. He surprisingly languished on the free-agent market into March despite a nice 2024 season — really, a nice three-year run from 2022-24 — and ultimately signed for a modest $2MM guarantee with the Cards. He’s been a key arm in the St. Louis bullpen, pitching 35 1/3 innings with a 2.55 ERA, a 30.4% strikeout rate rate and a 9.5% walk rate. That strikeout rate would be a career-best in a 162-game season.

The lack of interest in Maton may have stemmed from some worrying trends with regard to his velocity. He’s never been a hard-thrower, but last year’s 88.7 mph average on his cutter and 87.5 mph average on his sinker were steps down from the prior season (and a career-worst with regard to his sinker). He’s added about two miles per hour to each pitch in 2025, sitting 90.4 mph on his cutter and 89.5 mph on his sinker.

It’s still below-average velocity, but this is the fourth straight year that Maton has enjoyed success with meager heat on his pitches — and he’s only owed about $774K more of this year’s salary as of this writing ($634K after deadline day). Budget-crunched teams seeking a reliable setup arm should have interest. Maton has already tied a career-high with 18 holds, and he’s picked up a pair of saves as well.

As for the 31-year-old Helsley, he’s enjoying a strong season overall but hasn’t matched his 2024 dominance. Last year, the flamethrowing righty notched a 2.04 ERA with an NL-best 49 saves while fanning 29.7% of his opponents. This season, he’s pitched to a 3.27 ERA with a 24.8% strikeout rate, a 9.7% walk rate and 19 saves. He’s still owed about $3.17MM of this year’s $8.2MM salary (a number that’ll dip to $2.6MM by the day of the deadline itself).

Last year’s qualifying offer clocked in at $21.05MM. That number figures to rise this season. It’d be a steep price to pay for one year of any reliever, but there’s a good chance Helsley would still reject the QO and look for a lucrative multi-year contract. He won’t command an AAV that strong on a longer-term deal, but this offseason will represent his best chance to cash in on a long-term deal.

There’ll surely be some temptation to accept that sizable one-year deal and test the open market post-2026, without the burden of draft pick compensation, but doing so runs the risk of incurring an injury or major downturn in performance next year. Relief pitching is immensely volatile on a year-to-year basis. There’s also the looming specter of a potential lockout in the 2026-27 offseason, given the Dec. 2026 expiration of the current collective bargaining agreement. Having a multi-year deal in place is surely preferable to being a free agent in such an uncertain offseason.

If Helsley were to reject a QO and sign for more than $50MM total — which seems quite attainable — the Cardinals would receive a compensatory pick after the first round in the 2026 draft. Any return on Helsley would need to reflect that. It’s also possible the Cardinals have some hope of keeping Helsley, whether via that one-year QO or perhaps by negotiating a multi-year extension after making said offer. Helsley has said in the past that he’d love to stay in St. Louis long-term.

Any decisions on Helsley — and, to a lesser extent, Matz and Maton — will hinge on the Cardinals’ play in the early stages coming out of the All-Star break. At 51-46 on the season, they’re currently 6.5 games back of the division-leading Cubs but only 1.5 games back of the final Wild Card spot in the National League.

The Cardinals open the season’s second half with a pivotal three-game road set against a D-backs club in a similar position of needing to string together some wins to avoid a notable deadline sell-off. The Cardinals, 22-26 on the road versus 29-20 at home, will send Andre Pallante, Sonny Gray and Miles Mikolas to the mound. Arizona will counter with Brandon Pfaadt, Ryne Nelson and Merrill Kelly. The Cardinals then head to Colorado for three games before hosting the Padres and Marlins in their final two series prior to the July 31 trade deadline. With a strong performance over the next 12 games, they could opt to hold onto most of their veterans and look to add pieces, while a string of series losses could be the deciding factor in trading away short-term veterans.

Cardinals Sign Phil Maton

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The Cardinals announced this morning that they’ve signed right-hander Phil Maton to a one-year deal. The Paragon Sports International client will reportedly make $2MM. Left-hander Bailey Horn was designated for assignment to make room for Maton on the club’s 40-man roster.

Maton, 32 later this month, was among the better relief arms still available on the free agent market at this late point in the calendar. Drafted in the 20th round by the Padres back in 2015, Maton will suit up with the Cardinals for his ninth MLB season and hope to continue a stretch of quality work that began with the Astros back in 2022. The first five seasons of Maton’s career saw him struggle despite solid peripherals, with a subpar 4.76 ERA in 215 1/3 innings of work across 209 appearances. He struck out 26.4% of opponents during that time while walking 9.2%. Those numbers were decent enough to keep Maton rostered with San Diego and Cleveland over the years, but he eventually wound up in Houston late in the 2021 season.

The righty’s middling results continued with the Astros through the end of 2021, but by the start of the 2022 season a switch seemed to have flipped. His 25.2% strikeout rate and 8.2% walk rate over the past three seasons aren’t markedly different than what they were earlier in his career, but the veteran’s results have improved drastically as he’s posted a 3.50 ERA with a 4.11 FIP in 195 2/3 innings of work across 206 games.

After hitting free agency for the first time in his career prior to the 2024 season, Maton signed on with the Rays but struggled with a 4.58 ERA in 40 appearances for them last year. Fortunately for the right-hander, he was traded to the Mets for the stretch run and turned a corner, dominating to the tune of a 2.51 ERA across his final 31 appearances of the regular season.

Now, Maton is headed to St. Louis as the first and perhaps only major-league free agent signing the club will make this offseason. The Cardinals’ plans for the winter were largely hamstrung by an inability to find a trade partner for veteran third baseman Nolan Arenado, resulting in an extremely quiet offseason that was defined most by the departures of key veterans like Paul Goldschmidt in free agency.

Despite the Cardinals’ lack of activity this offseason, they’ve long been known to want a veteran relief arm who could fill the role Andrew Kittredge played last year and create a bridge between closer Ryan Helsley and the rest of a relatively young late-inning mix. They now appear to have found that player in Maton, who has just five career saves but has recorded 42 holds over the past three seasons.

Making room for Maton on the 40-man roster is Horn, a fifth-round pick by the White Sox in the 2020 draft. The 27-year-old lefty was traded to the Cubs in exchange for Ryan Tepera at the 2021 trade deadline and was eventually added to his new club’s 40-man roster, but did not make his big league debut in Chicago. He was traded back to the White Sox last February in order to clear a 40-man roster spot for the return of Cody Bellinger, but was then designated for assignment and traded to Boston in April. He made his big league debut for the Red Sox last June but struggled badly with a 6.50 ERA and 7.00 FIP in 18 innings of work.

During the offseason, Horn was designated for assignment by the Red Sox but picked up off waivers by the Tigers in November. He lasted on Detroit’s 40-man roster for just a month and was claimed off waivers by St. Louis in early January. He’ll now likely return to the waiver wire for the fourth time in the last 11 months. The Cardinals will have one week to either trade Horn or put him through waivers, where he can be claimed by any club willing to offer him a spot on their 40-man roster.

If Horn clears waivers, the Cardinals will get the opportunity to outright him to the minors as a non-roster depth option. That said, Horn is an optionable left-handed reliever who averages 95 mph with his heater and has a track record of missing bats in the upper minors. He could make him an attractive candidate for a waiver claim despite his lackluster results in the majors last year.

Katie Woo of The Athletic was first on the terms.

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