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Rhys Hoskins

Rhys Hoskins’ Offensive Resurgence

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Rhys Hoskins’ first season in Milwaukee was a disappointment. The Brewers signed the veteran slugger to a two-year, $34MM free agent contract over the 2023-24 offseason. Hoskins had missed his entire walk year because of a Spring Training ACL tear. He entered the offseason healthy, and Milwaukee placed a sizable bet — especially by their standards — that he’d look no worse for wear in 2024.

The deal included an opt-out after the first season. The ideal outcome for everyone involved was Hoskins would mash for one year, opt out, potentially receive and reject a qualifying offer, then sign elsewhere on a longer-term contract. That isn’t how things played out. Hoskins started the season well enough, but he hit .203/.285/.395 from the start of June through season’s end. He decided not to opt out, leaving the Brew Crew with a $22MM commitment for a first baseman coming off the worst season of his career. The contract meant they couldn’t drum up trade interest, leaving them to retain Hoskins as the team’s second highest-paid player.

While it wasn’t what the front office had planned, that investment looks a lot better now than it did two months ago. Hoskins has been one of the best hitters in baseball. He’ll take a .300/.402/.500 batting line into tonight’s series opener in Pittsburgh. He joins Aaron Judge, Freddie Freeman and Will Smith as the only four hitters with at least 100 plate appearances and the rare .300/.400/.500+ triple slash.

Hoskins looks like the impact bat he was throughout his tenure in Philadelphia. He’s taking walks at a characteristically excellent 14% rate while striking out at a manageable 22.3% clip. He has hit seven home runs while averaging 91.4 MPH on batted balls. It’s an across the board improvement relative to his first season in Milwaukee. He’s taking more free passes, striking out less often, and making more authoritative contact. This has been a better start than his strong first two months of last season. He carried a .239/.342/.471 slash with fewer walks and hard-hit balls through the end of May 2024.

It’s true that Hoskins has benefitted from a career-high .362 average on balls in play. That’s going to come down, and Hoskins is highly unlikely to hit above .300 all year. He was more reliably a .245 hitter for the Phillies. That’s a fairer baseline. That’s also sufficient for a player with 25-30 home run pop and an extremely disciplined plate approach. Hoskins was consistently around 25-30 percent better than an average hitter during his time in Philadelphia, as measured by wRC+. That was enough to make him a top 40 or so hitter in MLB.

Hoskins’ rebound also figures to make him an interesting trade candidate. The Brewers are out to a 24-26 start, putting them fourth in the NL Central. They’re six games back in the division and 4.5 out of the Wild Card race with five teams to jump. They’re certainly not out of it with more than 110 games to make up the gap, yet they’re also not clear-cut contenders as they were every season between 2018-24.

Even if the Brewers don’t find themselves as true “sellers,” they could try to move Hoskins. Like many small-market contenders, Milwaukee tends to take a more flexible trade approach — shopping expensive veterans with dwindling club control windows while targeting cheaper players who could immediately contribute to the MLB team. Hoskins would be a candidate for that kind of move even if the Brewers are at or slightly above .500 in July.

On the one hand, Hoskins would be a straightforward trade candidate as one of the best available rental bats. The Red Sox need first base help after the Triston Casas injury. The Giants have gotten a dismal .193/.294/.339 line from their first basemen and could use a short-term bridge before calling upon top prospect Bryce Eldridge. (That Hoskins is a Sacramento native who attended Sacramento State would be an added bonus.) The Mariners, Twins and Reds are other teams that could upgrade at first base.

That’s complicated by the contract, which could be onerous for some teams. Hoskins is living up to his salary in a vacuum, but many clubs are reluctant to take on significant money midseason. There will still be roughly $5.6MM of his $18MM salary to be paid from the deadline through the end of the regular season. More notably, there’s a $4MM buyout on an $18MM mutual option for 2026. The option is going to be declined — quite likely by Hoskins — and the team will need to pay the buyout on February 1, 2026. That might be a bigger stumbling block for an acquiring club. It’s possible teams will want the Brewers to cover a portion of the buyout to facilitate a trade.

Teams may negotiate conditional cash considerations for option buyouts in trade talks; last summer’s trade of Eloy Jiménez from the White Sox to Baltimore is one recent example. That’s not an option on waivers, however. Hypothetically, say the Brewers hold Hoskins past the deadline but fall firmly out of contention in August. It’s possible they’d take the increasingly common approach of trying to dump his salary by placing him on outright waivers before the September 1 deadline for playoff eligibility. There’s a decent chance Hoskins would clear in that scenario, as a claiming team would become responsible for the entire option buyout for what amounts to one regular season month (plus a hopeful playoff run).

Perhaps the Brewers will catch fire over the next two months and make that all a moot point. If Hoskins rakes all season and helps Milwaukee back to the postseason, they could hold him and even consider a qualifying offer to potentially recoup a draft choice if he walks as a free agent.

Image courtesy of Klement Neitzel, Imagn Images.

Looking Ahead To Club Options: NL Central

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MLBTR continues our division by division look at next year’s team/mutual option class with the NL Central. Virtually all of the mutual options will be bought out by one side. Generally, if the team is willing to retain the player at the option price, the player will decline his end in search of a better free agent deal.

Previous installments: player options/opt-outs, NL West, AL West

Chicago Cubs

  • Shota Imanaga, LHP (team has three-year, $57MM option covering 2026-28; if they decline, Imanaga has $15MM player option for 2026)

Imanaga signed a somewhat complex four-year, $53MM deal when he made the jump from NPB during the 2023-24 offseason. Next winter, the Cubs need to decide whether to trigger a three-year, $57MM option for the 2026-28 seasons. That’d come with respective salaries of $20MM, $20MM and $17MM. If the Cubs decline their end, Imanaga would be able to decline a $15MM player option for ’26 and test free agency.

It’d almost certainly take an injury for that to happen. Concerns about how Imanaga’s stuff might translate against MLB competition proved unfounded. The southpaw finished fifth in NL Cy Young balloting during his first major league season. He turned in a 2.91 earned run average across 173 1/3 innings, striking out a quarter of opponents against a 4% walk rate. The punchouts haven’t been there through this year’s first five starts, but he takes a 2.22 ERA into tonight’s appearance against the Dodgers. He’s getting whiffs on an excellent 14% of his pitches, so he’ll likely finish off a few more strikeouts moving forward. Imanaga’s deal looks like a bargain, and the Cubs should happily sign up for another three seasons at a $19MM average annual value unless he suffers an injury.

  • Colin Rea, RHP ($6MM club option, $750K buyout)

Rea reunited with Craig Counsell in Chicago after the Brewers declined his $5.5MM club option. It actually worked out slightly to his financial benefit. The righty collected a $1MM buyout from Milwaukee and secured a $5MM guarantee with the Cubs. He’s playing this year on a $4.25MM salary and will make at least a $750K buyout on next year’s club option. That’s valued at $6MM, so it’ll be a $5.25MM decision.

The Cubs had Rea work in long relief to begin the season. He has stepped into the rotation since the Justin Steele injury. The 34-year-old righty is out to a strong start, allowing two runs through his first 13 2/3 innings. He has punched out 12 while only allowing one walk in 56 plate appearances. Rea had held a rotation role in Milwaukee for most of last year, posting a 4.29 ERA through a career-high 167 2/3 innings. As a mid-30s swingman with league average whiff rates, he’s never going to break the bank, but the option price is reasonable for a capable #5/6 starter.

Turner’s option is mostly an accounting measure designed to push back $2MM of his $6MM free agent guarantee by a few months. Option buyouts are paid at year’s end, while the money would have been evenly distributed throughout the season had it simply been a $6MM salary. It’s unlikely that the Cubs would want to sign up for a $10MM salary covering Turner’s age-41 campaign even if he repeats his solid 2024 production.

The 17-year big league veteran has posted 11 consecutive above-average offensive seasons since his 2014 breakout with the Dodgers. His power numbers have declined with age, but he put up a strong .354 on-base percentage in 139 games between the Blue Jays and Mariners a year ago. Turner’s start on the North Side hasn’t been good. He’s hitting .147 without an extra-base hit over 14 games. He’s taken six walks against nine strikeouts but will obviously need to make more of a slugging impact.

Cincinnati Reds

Cincinnati took a buy-low flier on Barlow, a former closer who was released by the Guardians shortly before the playoffs. The righty had fallen quickly down the depth chart in Cleveland. He carried a 3.52 ERA with a 32% strikeout rate into the All-Star Break. Barlow allowed a near-6.00 ERA while striking out just 19% of batters faced in the second half. A fastball that typically sat around 93 MPH had dropped to the 90-91 range.

The early tenure in Cincinnati has been mixed. Barlow has gotten his velocity back, averaging 93 on both his four-seam and sinker. He’s getting whiffs on a huge 15.3% of his offerings, nearly two percentage points above last year’s level. The stuff is certainly more encouraging, but the results haven’t followed. He has a pedestrian 9:6 strikeout-to-walk ratio while allowing five runs on eight hits through 9 1/3 innings. He was limited to a $2.5MM guarantee last offseason. He’ll need a more convincing rebound for Cincinnati to retain him on what amounts to a $5.5MM call.

Hays signed for $5MM after being non-tendered by the Phillies. The righty-hitting outfielder has been a capable regular for most of his career, but his production dipped last season while he battled a grueling kidney infection. A Spring Training calf injury delayed his team debut until last week. Hays has been on tear since his return, connecting on three homers while hitting .406 in 34 plate appearances. He has a hit in all seven games, including three straight multi-hit performances against his old teammates in Baltimore over the weekend.

Suter, who grew up in Cincinnati, joined the Reds on a $3MM deal during the 2023-24 offseason. He posted a 3.15 ERA through 65 2/3 innings and signed a $2.25MM extension at the start of last winter. The 35-year-old southpaw is out to a customary start. He has managed 9 2/3 frames of three-run ball despite striking out just four of 38 opponents. Suter’s stuff is never going to jump off the page — he’s sitting in his typical 85-88 MPH range with his fastballs — but he avoids hard contact and is aiming for his seventh straight sub-4.00 ERA showing. Assuming he continues on his usual pace, the Reds should want him back on a $2.75MM decision.

Milwaukee Brewers

Milwaukee made a big investment by their standards in signing Hoskins to a two-year, $34MM contract during the 2023-24 offseason. The longtime Phillies first baseman had missed his walk year after suffering an ACL tear during Spring Training. The Brewers expected Hoskins to recapture his consistently above-average offensive form after a healthy offseason.

That didn’t happen in year one, as he hit a career-worst .214/.303/.419 across 517 plate appearances. Hoskins still managed 26 homers, but the overall offense was essentially league average. It wasn’t attributable to lingering knee discomfort. Hoskins did his best work early in the season, carrying an .813 OPS through the end of May. He hit .203/.285/.395 over the season’s final four months and bypassed an opt-out opportunity.

Hoskins has gotten out to another strong start this year. He’s batting .270 with a trio of homers and what would be a career-low 20% strikeout rate over his first 75 trips to the plate.

Milwaukee signed Peralta to a $20MM extension just before Spring Training 2020. He was mostly unproven at the time, but it only took one more season before he developed into a top-of-the-rotation starter. This quickly became one of the more team-friendly contracts in baseball. The deal included respective $8MM club options for 2025 and ’26, which would have been Peralta’s first two free agent years had he gone through arbitration.

The 28-year-old righty has been the clear staff ace since Milwaukee traded Corbin Burnes. He posted a sub-4.00 ERA in each of the five guaranteed seasons of the contract. Peralta has rattled off another 28 1/3 frames of 1.91 ERA ball through his first five starts this year. Unless he suffers a significant injury that’d threaten his availability for next season, the Brewers are going to rubber-stamp the option.

Quintana signed late on a $4.25MM pillow contract after finding a weaker market than he expected. The net present value was actually just under $4MM, as Quintana agreed to defer the $2MM buyout on his ’26 mutual option. The Brewers aren’t going to exercise their end of the $15MM option for what would be the veteran lefty’s age-37 season. It looks like they got great value on the one-year deal, though, as Quintana is coming off a 3.75 ERA showing for the Mets. The late signing delayed his team debut, but he has fired 12 1/3 innings of one-run ball over his first two starts.

Woodruff underwent shoulder surgery late in the 2023 season. The Brewers re-signed him to a backloaded two-year deal with a $17.5MM guarantee. They knew he’d spend all of ’24 rehabbing. They’ve taken his progression carefully and didn’t push him during Spring Training. Woodruff began a minor league rehab stint on April 12. He has made a pair of rehab starts and could be back with the big league team in the next couple weeks.

Note: William Contreras’ arbitration contract contains a $12MM team option for next season. He’s excluded from this list because he’d remain under arbitration control if Milwaukee declines the option, as they did with Devin Williams last offseason.

Pittsburgh Pirates

  • None

St. Louis Cardinals

  • None

Latest On Brewers’ Infield Alignment

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The departure of Willy Adames in free agency left the Brewers with a glaring hole at shortstop and multiple ways to address the issue. Given Milwaukee’s perennially low payroll, a costly acquisition to replace Adames felt every bit as unlikely as the team’s chances of retaining the former All-Star. Fellow infielders Joey Ortiz and Brice Turang are both shortstops who played different positions in deference to Adames last year; Ortiz at third base primarily and Turang at second base exclusively (save for one lone DH appearance).

While the final alignment will be contingent on health and spring performance, Brewers owner Mark Attanasio at least tipped his hand a bit with regard to his organization’s thinking. When asked about his lack of additions to the roster, Attanasio touted the young talent the Brewers have returning in 2025 and noted a desire to get prospect Tyler Black at third base, noting that Ortiz “can slide over” to shortstop (link via Todd Rosiak of the Milwaukee Journal-Sentinel).

A move to shortstop would only be natural for Ortiz, who spent the bulk of his minor league career there. He only moved off the position due to the presence of Adames in Milwaukee. Lining up as the Brewers’ regular third baseman in 2024, Ortiz ranked as one of the top defensive infielders in the sport. Defensive Runs Saved (8) and Outs Above Average (11) both credited him with excellent totals at third base despite “only” logging about 82% of a season there. (Ortiz also played 10 games at shortstop and made six appearances at second base.)

Both Baseball America and FanGraphs labeled Ortiz a 70-grade defender (on the 20-80 scale) in his prospect days; MLB.com tabbed him with a 65 glove. Plus to elite defense was always expected from the 2019 fourth-rounder. So far, he’s made good on that billing. Ortiz also at least held his own at the plate, slashing .239/.329/.398 in 511 plate appearances — good for a 104 wRC+. He popped 11 homers, 25 doubles and six triples last year.

Turang could presumably handle shortstop as well, but it’s hard to displace a player who just took home a Platinum Glove for his superlative work at second base. The former No. 21 overall pick won his first of what will likely be many Gold Gloves in 2024 and was named the NL’s top overall defensive player as well. Defensive Runs Saved credited Turang with an outrageous mark of 22. Statcast wasn’t quite so over-the-moon but felt he was a clear plus, pegging him at 6 OAA.

A middle-infield tandem of Ortiz and Turang might be the best defensive pairing in all of baseball. That’ll be important, as the rest of the infield faces more questions about its glovework. Rhys Hoskins will be back for a second season after exercising a player option valued at $18MM. The Brewers still owe him that salary and a $4MM buyout on a 2026 mutual option. Hoskins has negative career marks at first base and struggled again in 2024 — his first season back from an ACL tear that cost him the 2023 campaign.

At the hot corner, it seems like the 24-year-old Black will get the opportunity to run with the position, though Dunn and trade acquisition Caleb Durbin could also factor in. Black is a bat-first prospect who’s hit at every minor league stop but has had a nomadic journey in pro ball with regard to his defensive home. He’s played third more than any other position but also has ample experience at second base, first base and in the outfield — including center.

The Brewers have tried playing Black all over the field, because the bat and the speed play even with a below-average arm and questionable footwork/instincts in the field. Black’s ultimate home might be at first base, but Hoskins has that locked down for now thanks to the aforementioned contract and salary. Black might push across the diamond in 2026, but there’s no everyday role for him at first right now. Hoskins can’t slide to DH full-time, as Christian Yelich will see a decent bit of time there.

Dunn and Durbin offer some interesting alternatives, but neither has Black’s upside at the plate. Dunn didn’t hit much in a 104-plate appearance debut last year, but he has a big track record in the upper minors. He’s been far more strikeout-prone than Black in the minors and generally lacks the hit tool and swing decisions Black boasts. Durbin, acquired in the Devin Williams/Nestor Cortes trade, has yet to make his MLB debut. He’s a contact, speed and OBP-oriented infielder who’s best suited at second base but has 660 professional innings at third base as well. Durbin’s bat-to-ball skills, plate discipline and speed are all strong, but he’s light on power and posted bottom-of-the-scale exit velocity and hard-hit numbers in Triple-A last year.

Rhys Hoskins Exercises Player Option With Brewers

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First baseman/designated hitter Rhys Hoskins has triggered his player option for 2025. He’ll return to the Brewers next year on an $18MM salary instead of taking the $4MM buyout. The deal also has an $18MM mutual option for 2026 with another $4MM buyout. Adam McCalvy of MLB.com was among those to relay the news on X.

Hoskins, 32 in March, signed a two-year deal that guaranteed him $34MM last offseason. That contract, which came in the wake of a season lost to a torn ACL, allowed him to opt out after year one. The hope at the time, for all parties, was that Hoskins would return to form following that season-ending injury, giving the Brewers one year of middle-of-the-order production before marketing himself ahead of a more lucrative long-term deal. It didn’t play out that way, however, and Hoskins will now head back to Milwaukee in hopes of bolstering his output at the plate.

The 2024 season wasn’t necessarily a “bad” one for Hoskins, who still swatted 26 round-trippers and knocked in 82 runs. But Hoskins’ .214/.303/.419 slash was a far cry from the .242/.353/.492 slash he posted from 2017-22 with the Phillies. By measure of wRC+, Hoskins was 26% better than average at the plate during his time with the Phils. In Milwaukee, his offense clocked in two percent shy of average. For a defensively limited first baseman whose value is derived primarily from his bat, that understandably wasn’t a strong enough platform for Hoskins and agent Scott Boras to again test the market.

Hoskins’ season wasn’t without its positives. He actually got out to a nice start and hit quite well in the month of September as well. The interim three months, however, were engulfed by a prodigious slump. As of May 31, Hoskins was touting a .239/.342/.471 batting line that was generally in line with his career norms (129 wRC+). He hit .234/.355/.469 in his final 77 plate appearances in September as well. Those solid months bookended a disastrous summer that saw the longtime Phillies masher flail away at a a .198/.270/.383 pace, however.

If Hoskins is able to more consistently produce at his April/May/September levels in 2025, there’s still hope of landing another notable contract for him in free agency next offseason. While his strikeout rate spiked to a career-worst 28.8%, there were other encouraging signs in 2024. His 10.3% walk rate was lower than his excellent early-career levels but was right in line with his 2021-22 marks. His 41.9% hard-hit rate was a near-mirror image of his 42% career mark, and last year’s 12.7% barrel rate was higher than the 11.7% rate he carried into the year. He’ll aim to build upon those trends while cutting back on his mounting strikeout rate in the middle of Milwaukee’s lineup.

For the Brewers, this should come as no surprise. Hoskins wasn’t likely to top the net $14MM from which he’d be walking away on the open market. It’s still not an ideal allocation of their limited resources, however, so it’s at least feasible that Milwaukee looks for a trade partner over the winter. More likely, however, are trades of other veterans on notable salaries — Devin Williams (a free agent next winter) chief among them. As it stands, the Brewers’ projected 2025 payroll (including arbitration projections and the obvious decisions to exercise options on Freddy Peralta and Colin Rea) will already clock in higher than their 2024 payroll. There’ll be some wheeling-and-dealing by the Milwaukee front office, as is the case every offseason.

2024-25 Player Option/Opt-Out Preview: June Edition

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We’re two months into the 2024 season, meaning more than a third of the schedule has already elapsed. While there are still plenty of games remaining, there are enough in the books to affect the market of the upcoming free agent class.

That’s particularly true for players who can opt out of their current contracts. Player ages are for the 2025 season.

  • Cody Bellinger (29): Can opt out of final two years and $52.5MM on three-year guarantee

Bellinger didn’t find the $200MM+ offer he was seeking last winter. As with a few other high-profile Boras Corporation clients (more on them in a minute), he pivoted to a short-term deal that allowed him to return to free agency next winter. Bellinger is arguably out to the best start of the bunch and seems on track to head back to the open market. He can earn a salary of $27.5MM in 2025 or take a $2.5MM buyout. If he decides to stay with the Cubs, he’ll then get to choose between a $25MM salary for 2026 or a $5MM buyout.

The lefty-hitting center fielder has a .265/.325/.459 line with eight homers over 203 plate appearances. His 15.8% strikeout rate and 7.9% walk percentage are on par with last year’s levels. Bellinger is again succeeding despite a below-average 33.8% hard contact rate. He’s not performing at quite the same pace he did in 2023, but the overall profile remains the same: good contact skills with the ability to play center field and mediocre batted ball metrics.

It could set up another winter where Bellinger’s exit velocities are the subject of plenty of debate. Perhaps his camp will need to lower their asking price in the early stages of his free agency, but the initial decision to opt out would be a straightforward one if he continues at this pace. He’d still be fairly young for a free agent at 29. Now two seasons removed from his dismal 2021-22 production, he also wouldn’t be saddled with a qualifying offer. Bellinger received the QO last winter, so he cannot receive another in his career.

  • Matt Chapman (32): Can opt out of final two years and $36MM on three-year guarantee

Chapman also settled for a short-term deal after a tough finish to the 2023 season. The defensive stalwart inked a three-year, $54MM contract with the Giants early in Spring Training. He has a $17MM player option for next season and an $18MM player option for the ’26 campaign if he doesn’t take the first opt-out. There’s a $1MM buyout on a mutual option for 2027 as well.

Over 60 games in San Francisco, he’s hitting .238/.307/.411 with eight home runs. That’s slightly better than average production in this season’s diminished run environment. By measure of wRC+, Chapman has been nine percentage points better than average at the plate — right in line with his usual level. He’s putting the ball in play more than he ever had before, but he’s sacrificing a few walks and some of his typically huge exit velocities to do so. While this would probably be enough for Chapman to head back to free agency in search of a three- or four-year deal, it’s not likely to result in the nine-figure contract that seemingly wasn’t on the table last offseason.

  • Gerrit Cole (34): Can opt out of final four years and $144MM on nine-year guarantee; team can override by exercising a $36MM option for 2029 if Cole declines his end

As recently as a few months ago, this decision looked preordained. Cole, coming off a Cy Young win and probably the best pitcher in baseball, would trigger the opt-out — only for the Yankees to override it by exercising a $36MM option for 2029. Boras suggested as much in a chat with USA Today’s Bob Nightengale in December.

His status has at least been somewhat complicated by elbow inflammation that arose during Spring Training. Cole has spent the entire season on the 60-day injured list; he’ll begin a minor league rehab stint tonight. If he looks like his typical self in the second half, this’ll probably be an easy call for Cole and the Yankees alike. If he struggles or, more worryingly, battles any other elbow concerns, he’d need to more seriously consider hanging onto the final four years and $144MM on his record free agent deal.

  • Nathan Eovaldi (35): Conditional $20MM option if Eovaldi reaches 156 innings pitched or based on Cy Young/All-Star results

Eovaldi’s $34MM deal with the Rangers contained a conditional option for 2025 that went into effect if he threw at least 300 innings in the first two seasons. He logged 144 frames a year ago, meaning he needed 156 this season. Eovaldi lost three weeks to a groin strain. He has made nine starts and thrown 50 innings so far, leaving him 106 shy of the vesting threshold. With another 18-20 turns through the rotation, it’s still doable, but any other injuries would essentially rule it out.

He could also kick in the option with a top-five finish in Cy Young balloting or a top seven Cy Young finish and an All-Star selection. While he’s pitching very well, the Cy Young provision only comes into play if he falls short of 156 innings. Placing that high without reaching 156 frames is a tall task.

Even if he were to vest the option, Eovaldi may well prefer to head back to free agency in search of a multi-year deal. While he’ll be 35, he still looks the part of an upper mid-rotation starter. Eovaldi has followed up a 3.63 ERA during his first season in Arlington with a 2.70 mark to this point. His fastball is sitting around 96 MPH and he has punched out more than 26% of opposing hitters with a ground-ball rate north of 50%. There’ll always be lingering durability questions given his age and two previous Tommy John surgeries, yet on talent, Eovaldi is one of the better pitchers who could be available.

  • Wilmer Flores (33): $3.5MM player option; team can override by exercising an $8.5MM option if Flores declines his end

In September 2022, the Giants signed Flores to a $16.5MM extension. He has a $3.5MM option for next season; if he declines, the Giants could keep him around by picking up an $8.5MM salary. Flores had arguably the best year of his career in 2023, drilling a personal-high 23 homers with a .284/.355/.509 slash line. The pendulum has swung in the opposite direction this season. He has only one longball with a .207/.276/.283 mark in 163 trips to the plate. Flores’ strikeout and walk profile haven’t changed, but his contact quality has plummeted.

A full season of replacement level production would make it likely that Flores takes the $3.5MM salary. There’s still time for him to find his power stroke, though.

Giolito is likely to take a $19MM salary from the Red Sox next year. The typically durable right-hander suffered a UCL injury during his second Spring Training appearance with Boston. He underwent an internal brace procedure and will miss the entire season. While he could be ready for the start of next season, he’d be hard-pressed to match a $19MM salary coming off the elbow procedure.

Opting in would trigger a conditional team/mutual option for the 2026 season, though. If Giolito doesn’t top 140 innings next year, the Sox would have a $14MM option (with a $1.5MM buyout) for ’26. Giolito would convert that to a $19MM mutual option by reaching the 140-inning plateau.

  • Mitch Haniger (34): Can opt out of final year and $15.5MM on three-year guarantee

The Giants signed Haniger to a three-year, $43.5MM free agent deal two winters back. That allowed him to opt out of the final season’s $15.5MM salary. Haniger’s time in the Bay Area was a disappointment. A broken arm limited him to 61 games and he didn’t hit well when healthy. San Francisco dealt him back to the Mariners last offseason in a change-of-scenery swap involving Robbie Ray and Anthony DeSclafani.

Haniger is the only member of that trio who has played in 2024. (Ray is still recovering from Tommy John surgery, while DeSclafani was flipped to the Twins and ultimately required elbow surgery himself.) The veteran outfielder hasn’t hit in his return to the Pacific Northwest. He carries a .221/.282/.349 line with six homers and a strikeout rate approaching 28% in 213 plate appearances. He’s trending towards sticking around.

  • Rhys Hoskins (32): Can opt out of final year and $18MM on two-year guarantee

Hoskins inked a two-year, $34MM deal with the Brewers after losing all of 2023 to an ACL tear. He landed in a favorable hitting environment in Milwaukee with a chance to prove he was back to his typical offensive form. Hoskins has done just that over the season’s first two months, connecting on 10 homers with a .243/.345/.486 line through 168 trips. He’s well on his way to opting out and would be one of the top offensive players in next year’s free agent class. The Brewers could make him a qualifying offer.

The Dodgers brought back the future Hall of Famer, who is rehabbing from an offseason shoulder procedure. His deal contains a 2025 player option with a $5MM base value and significant escalators. It’d jump to $7MM if he makes six starts this season, $3MM apiece for each of his seventh through ninth start, and another $4MM if he starts 10 games. Performance bonuses could push his 2025 salary as high as $25MM.

It’s likely Kershaw will exercise the option regardless of where the specific value winds up. He has been throwing but has yet to begin a rehab stint. A return relatively early in the season’s second half — which would give him a chance to get to 10 starts — is still in play.

Manaea opted out of a $12.5MM salary last winter and landed a two-year, $28MM pact from the Mets. He’s been a rare bright spot in a dismal season in Queens. Over 11 starts, the southpaw has tossed 57 innings of 3.63 ERA ball. He has a solid 23.2% strikeout rate behind an 11.2% swinging strike percentage. Manaea’s 9.9% walk rate is a personal high, but he’s looked the part of a decent mid-rotation starter.

If he continues at this pace, he’d likely forego next year’s $13.5MM salary and hit the market for a third straight winter. Manaea will be heading into his age-33 campaign and could look for a two- or three-year pact (potentially the final multi-year deal of his career). Even if wouldn’t dramatically improve on his annual salary, pitchers like Seth Lugo and Michael Wacha have gotten multi-year deals in their mid-30s for mid-rotation work.

Cincinnati guaranteed Martinez $26MM over two seasons — $14MM this year with a $12MM option for 2025. That investment made it appear the Reds would give him an extended look in the rotation. They’ve instead kept him in the swing role which he played for most of his time with the Padres. Martinez has started five of 13 games, posting a 4.20 ERA across 49 1/3 innings. He has a microscopic 0.76 ERA from the bullpen but has been rocked for a 7.36 mark out of the rotation.

On the surface, Martinez’s production doesn’t seem all that eye-catching. It’s not too dissimilar to Manaea’s work in a swing role with the Giants in 2023, though. Manaea turned in a 4.44 ERA while starting 10 of 37 games with San Francisco. He declined a $12.5MM player option and found a multi-year deal with a team willing to give him a rotation spot. Martinez (like Manaea, a Boras Corp. client) has opted out of multi-year commitments from San Diego in each of the last two offseasons. He’d probably do the same next winter if his performance doesn’t dramatically turn.

Montgomery agreed to terms with the Diamondbacks just days before the start of the regular season. He landed a $25MM salary for this year and a conditional player option for 2025. The condition — making 10 MLB starts — would only not come into play if the southpaw suffered a significant injury. Montgomery is already two starts away from vesting the option. Its value would escalate to $25MM if he gets to 23 starts.

The 31-year-old certainly anticipated declining that option and trying his hand again in free agency. He’s been hit hard through his first eight starts in the desert, though. Montgomery has been tagged for a 5.48 earned run average across 44 1/3 innings. While he’s still showing good control, his strikeout rate has plummeted seven points to a poor 14.4% rate. His four-seam and sinker are each averaging less than 92 MPH after sitting around 93.5 MPH last season. Perhaps Montgomery is still shaking off rust related to his delayed start to the year, yet his early performance could make the option decision tougher than he expected.

The Reds signed Pagán to a two-year, $16MM contract with the ability to collect a $250K buyout in lieu of an $8MM salary next season. It was an odd fit considering Cincinnati’s hitter-friendly home park and Pagán’s longstanding trouble with the longball. His first 21 appearances as a Red have been fine. He owns a 4.19 ERA across 19 1/3 innings. The righty has a customarily strong 30.5% strikeout rate against an 8.5% walk percentage. He has surrendered four homers.

Pagán, who is currently on the 15-day injured list with triceps tightness, has performed about as the Reds probably anticipated. This one can still go either way, but an $8MM salary for his age-34 season feels about right for his market value.

  • Wandy Peralta (33): Can opt out of final three years and $12.65MM on four-year guarantee

The Padres surprisingly signed Peralta to a four-year deal as a means of reducing the contract’s luxury tax hit. The veteran southpaw has been effective, turning in a 2.66 ERA across 23 2/3 innings. Peralta doesn’t miss many bats, but he’s an excellent ground-ball specialist (55.6% this season, 53.1% for his career). Even though he’s pitching well, it’d be somewhat surprising to see him walk away from another three years and almost $13MM covering his age 33-35 seasons.

  • Robbie Ray (33): Can opt out of final two years and $50MM on five-year guarantee

Ray’s five-year, $115MM contract with the Mariners allowed him to bypass the final two seasons valued at $25MM annually. Ray had a solid, if not overwhelming, first season in Seattle. His elbow gave out after one start in year two. Ray underwent Tommy John surgery in May 2023. The Mariners offloaded the final three years of his contract in the Haniger trade with the Giants.

The former AL Cy Young winner is targeting a return around the All-Star Break. He has been throwing from a mound and could head on a rehab stint in the coming days. Odds are against an opt-out right now, but a dominant second half could change the calculus.

The Royals signed Renfroe to a surprisingly strong two-year, $13MM deal. The righty-hitting outfielder was coming off a middling .233/.297/.416 showing between the Angels and Reds a year ago. He has had a very rough start to his Kansas City tenure, hitting .178/.256/.309 with only four homers in 168 plate appearances. It’d take a major reversal in the season’s final few months for him to forego a $7.5MM salary.

The Giants jumped in late on Chapman and even later to grab the defending NL Cy Young winner. Snell signed a two-year, $62MM guarantee two weeks before Opening Day. The hope for everyone involved was that he’d collect the first $32MM and pitch well enough to pass on next season’s $30MM option.

Snell’s first two months in the Bay Area couldn’t have gone much worse. He has battled groin issues throughout the season. Snell lost around a month with an adductor (groin) strain between April and May. He went back on the 15-day IL last night. He has taken the ball six times and been rocked for a 9.51 ERA over 23 2/3 innings. Needless to say, he’ll need a much better final four months to go back to free agency.

The Renfroe deal wasn’t the only surprising two-year pact with an opt-out that the Royals signed last winter. They signed Stratton, a generally solid middle reliever, to an $8MM deal containing a $4.5MM option for next season. The right-hander was coming off a 3.92 ERA performance across 82 2/3 innings out of the St. Louis and Texas bullpens.

He hasn’t been as effective for the Royals, allowing 5.76 earned runs per nine through 25 frames. Stratton’s strikeout rate is down a few points to 21.7%, but the much bigger issue is an uncharacteristic inability to find the zone. He has walked almost 16% of batters faced, more than doubling last season’s rate.

  • Justin Verlander (42): Conditional $35MM option if Verlander reaches 140 innings pitched

Verlander would unlock a $35MM player option if he throws 140 innings this season. While he was delayed to start the year by shoulder discomfort, he has logged 52 innings in nine starts since his return. Barring another injury, he’ll throw more than 88 innings over the season’s final four months.

At 41, Verlander is still pitching well — a 3.63 ERA with a 22.2% strikeout rate — but he’s not operating at Cy Young form. If he continues at this pace all season, matching a $35MM salary on the open market is unlikely. Verlander seems comfortable in Houston and would probably prefer to stick with the Astros, though that may depend on whether the team plays better before the deadline. Verlander approved a trade from the Mets back to Houston last summer when it became clear that New York wasn’t going to be a legitimate World Series contender during his contract. At 27-34, the Astros need to turn things around quickly to put themselves in position for an eighth straight trip to the ALCS.

Wacha landed in Kansas City on a two-year commitment with matching $16MM salaries and the opportunity to head back to free agency after year one. The veteran righty is pitching well enough to make that a consideration. He owns a 4.24 ERA across 12 starts and 68 innings. That’s a run higher than his ERA of the past two seasons, but the general profile remains the same.

He throws strikes with slightly below-average whiff rates. He has thrown between 120-140 innings in each of the last three seasons and looks on his way to matching or surpassing that in 2024. Opting out in search of another two-year deal in the $30MM range is plausible.

Brewers Place Rhys Hoskins On Injured List

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9:33pm: Hoskins will miss between two and four weeks, manager Pat Murphy tells reporters (including Todd Rosiak of the Milwaukee Journal-Sentinel).

5:45pm: The Brewers announced today that first baseman Rhys Hoskins has been placed on the 10-day injured list due to a strained right hamstring. Infielder/outfielder Owen Miller was recalled from Triple-A Nashville in a corresponding move.

Hoskins departed yesterday’s game early after tweaking his hamstring. He was set to go for an MRI today and it appears that the strain was discovered and that Hoskins will need to miss some time, though it’s still not publicly known how severe the strain is nor how long the club expects him to be out of action.

Regardless, it’s an unfortunate development for the Brewers. Although Hoskins missed all of 2023 due to a torn ACL, he has bounced right back to his old self this year. He’s hit nine home runs and is drawing walks at an 11.5% rate so far this year. His .233/.340/.474 batting line translates to a 131 wRC+, right in line with his career slash of .242/.353/.491 and 126 wRC+.

Losing that kind of production will obviously hurt the Milwaukee offense. Hoskins and Jake Bauers have been splitting the first base and designated hitter duties, though with Bauers almost never facing lefties. Of his 92 plate appearances this year, only four of them have been against southpaws.

Perhaps the right-handed hitting Gary Sánchez will cover first base a bit more to continue shielding Bauers from lefties. Sánchez had just four innings of first base experience coming into this year but has already logged 12 2/3 innings there in 2024. Miller is also capable of playing some first base but he has reverse splits in his career. Tyler Black was up with the club for a while but has since been optioned and is a lefty hitter anyway.

Bauers is having a nice season, despite a 35.9% strikeout rate. He has four home runs and is hitting .244/.326/.476 for a 127 wRC+. Perhaps the club will be open to giving him more of a chance against lefties but he has a line of .211/.278/.340 against them in his career thus far.

Dombrowski On Phillies’ Offseason, Wheeler, Rojas, Painter

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Phillies president of baseball operations Dave Dombrowski joined the 94 WIP Morning show with Joe DeCamara and Jon Ritchie on Wednesday, touching on a broad-reaching number of Phillies topics (Audacy link to the entire 20-minute interview). It’s a good listen for fans of any club — Phils fans in particular, of course — wherein Philadelphia’s top decision-maker discusses his team’s relatively quiet offseason, the state of the rotation and the outfield, Zack Wheeler’s future with the club, top prospect Andrew Painter’s health and quite a bit more.

Among the more notable takeaways was Dombrowski’s reply when asked a potential late move for one of the remaining big-name starters on the board. Dombrowski didn’t comment on either Blake Snell or Jordan Montgomery by name but expressed that he’s content with the club’s rotation. As far back as early November, Dombrowski touted fifth starter Cristopher Sanchez as someone the team believes can be a big regular in the rotation, and his comments today mesh with that line of thinking. Dombrowski didn’t expressly rule out the addition of another starter but implied that the team wasn’t about to pay market rate for one of the remaining names out there.

“I can’t tell you that somebody doesn’t fall into your lap at some point where you say, ’Gee, that’s an opportunity we can’t turn down,'” Dombrowski said. That suggests a willingness to remain open-minded to some late, unexpected drops in price but doesn’t sound like a portent for an aggressive pursuit of a top-tier free agent.

That said, there was at least one name the Phillies considered worthy of an exception: Yoshinobu Yamamoto. It’s already been reported that the Phillies were a legitimate suitor for the 25-year-old NPB ace before he signed a record deal with the Dodgers, and Dombrowski now confirms that his team was “very involved” in Yamamoto’s market. The veteran baseball ops leader went so far as to say that others might be “shocked” to learn how much money the Phillies ultimately offered — naturally, he declined to specify — before indicating that Yamamoto simply had a preference to be a Dodger. The Philadelphia Inquirer’s Scott Lauber reported last week that the Phils also made a 12-year offer, although it’s unclear if they were willing to match the $325MM guarantee which Yamamoto received from Los Angeles.

Obviously, any multi-year addition to the rotation could provide the Phillies with some insurance in the event that Wheeler departs as a free agent at season’s end. But Dombrowski called Wheeler “one of the best pitchers in baseball” and stressed that it’s “important” and a “priority” for the Phillies find a way to re-sign the right-hander.

Wheeler, 34 in May, has outperformed the five-year, $118MM contract he signed with the Phillies in the 2019-20 offseason. He’s garnered Cy Young consideration in three of his four Phillies seasons, highlighted by a second-place finish in 2021 and a sixth-place finish in 2023.

Over the past four seasons, he’s tied with Corbin Burnes for the fourth-most innings in Major League Baseball and leads MLB in FanGraphs’ wins above replacement. He’s notched a tidy 3.06 ERA despite typically playing in front of one of the game’s weakest defenses, thanks in large part to a sharp 26.7% strikeout rate and excellent 5.3% walk rate. A new contract for Wheeler would begin with his age-35 season, which caps his earning potential to an extent, but recent history has shown teams are willing to pay elite arms even at the late stages of their careers.

A look at MLBTR’s Contract Tracker highlights some recent examples of age-35 (or older) pitchers cashing in. Jacob deGrom signed a five-year deal with a $37MM annual value, while Max Scherzer and Justin Verlander both inked multi-year deals at a $43.333MM AAV. The AAV on Yu Darvish’s extension, beginning in his age-37 season, is just $18MM — but that was a function of the Padres drawing out the term in order to drive down the annual salary for luxury-tax purposes. Darvish still secured a $90MM guarantee on that frontloaded deal and was two years older than Wheeler will be in year one of a theoretical free agent pact or extension. Suffice it to say, Wheeler will be the relatively rare big leaguer who has a chance at multiple nine-figure contracts in his career.

On the point of the team’s defense, Dombrowski cited that as a primary reason the team has not pursued additional outfield help with much aggression this spring. Young Johan Rojas dazzled with his defensive ratings (+15 Defensive Runs Saved, +6 Outs Above Average) in just 392 innings of center field work. Asked if Rojas will be the team’s primary center fielder this season, Dombrowski all but anointed the 23-year-old.

“Likely? Yes,” Dombrowski replied. “Definitively? No. We saw enough the last couple months in August and September that we liked what we saw. I’ve talked to our hitting people at length about his progress over the winter time. He’s worked extremely hard. He’s made adjustments that he needs to make. I’m not saying he’s going to come up and hit .300 with 20 home runs off the bat, but I think he can do enough offensively and contribute from an offensive perspective. And when you add his speed and his defense, all of a sudden he becomes a real plus for us. So yes, I do think he’ll be up, but he has to earn that, too. We’re not just going to give it to him.”

Even as he made those caveats, Dombrowski also spoke of the team’s desire to get Kyle Schwarber more time at designated hitter and to keep Bryce Harper at first base as a means of improving the defense (as opposed to the alternative scenario where Schwarber plays left field and Rhys Hoskins were re-signed to split time between DH and first base). Rojas’ bat looked impressive during his brief regular-season look, as he hit .302/.342/.430 in 164 plate appearances, but that was buoyed by an unsustainable .410 average on balls in play. His bat went ice cold in the playoffs, too, as Rojas fell into a woeful 4-for-43 swoon and struck out in a third of his plate appearances.

Despite the postseason struggles, it appears Rojas will have first crack at the regular center field job. The Phillies are generally thin in terms of outfield depth, and this afternoon’s DFA of Simon Muzziotti could add to that if he’s traded or claimed by another club. There’s perhaps the chance that the Phils could add a bench bat to the mix, and outfield would be a natural spot, given the lackluster offensive contributions of Jake Cave and limited track record of Cristian Pache.

Dombrowski acknowledged the possibility of adding a bench bat, simply noting “that might end up happening,” but he didn’t characterize it as a major item that’s yet to be checked off the to-do list. Speaking in general terms, the Phillies’ president again implied that between wanting to give Rojas a real chance and the veteran nature of much of his roster, free agents have seen greater opportunity for playing time with other clubs thus far. There’s still quite a few names yet unsigned, so it stands to reason that the Phils could eventually find a bargain addition to deepen the mix. Pache, Cave and utility infielder Edmundo Sosa are all out of options, however, so adding a player to the bench mix would likely mean jettisoning someone like Cave, who’s already agreed to a $1MM salary for the 2024 season. That isn’t likely to be a major roadblock to any further additions, but it’ll factor into the calculus all the same.

The Phillies will effectively return the same bullpen in 2024, though again, Dombrowski indicated it’s not necessarily for lack of trying. He noted that the team has been in on at least “a couple” of notable names but that one, in particular, took an opportunity to be a starting pitcher elsewhere. Another simply preferred to be closer to his home on the west coast. Again, Dombrowski didn’t mention names, though Jordan Hicks and Reynaldo Lopez stand out as two bullpen arms who surprisingly landed rotation opportunities in free agency (Hicks in San Francisco, Lopez in Atlanta). Hicks, in particular, was rumored to be on the Phillies’ radar as a free agent.

Starting pitching depth, too, has been a recent area the Phillies have been searching. They signed former Braves first-rounder Kolby Allard to a split big league deal last month due in no small part to the fact that he has a minor league option remaining. That same line of thinking surely influenced today’s claim of righty Max Castillo from the Red Sox.

The Phillies have top prospects Mick Abel and Griff McGarry working through the minor league system, and while both could make their debuts in 2024, neither has yet pitched even five innings above the Double-A level. Painter was a rotation candidate early last season but wound up going down with an elbow injury that ultimately required Tommy John surgery. Dombrowski said in this morning’s interview that Painter has begun “tossing” a ball recently and is on schedule but that the organization is “looking toward 2025” with regard to the prized righty and isn’t planning on him pitching in games this season. There’s always the possibility his recovery progresses more quickly than expected, but the 20-year-old right-hander doesn’t appear to be someone the Phillies are banking on for even a late-season cameo.

MLBTR Podcast: The Jorge Polanco Trade, Rhys Hoskins and the Blue Jays’ Plans

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • Is Cody Bellinger unsigned because of his asking price? Will the Cubs sign him or do they not want to block their outfield prospect? (27:35)
  • Should the Mariners sign Blake Snell? Will they? Can they? (31:40)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Latest On Giants’ Offseason Targets

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The Giants’ offseason hasn’t necessarily been inactive, but it also hardly hasn’t played out as many fans would’ve expected when president of baseball operations Farhan Zaidi kicked off the winter by stating a need to think differently, specifically with regard to the team’s roster construction.

The Giants made one big splash with their December signing of star KBO outfielder Jung Hoo Lee on a six-year deal, but the rest of their additions have been smaller scale in nature. Jordan Hicks, the hardest-throwing reliever on the market, was signed to a four-year deal. The Giants, despite having just one dependable source of innings (ace Logan Webb), plan to stretch the oft-injured Hicks out as a starter. Last year’s 65 2/3 innings were his most since a career-high 77 2/3 frames as a rookie in 2018. San Francisco also added backup catcher Tom Murphy on a two-year deal and acquired former AL Cy Young winner Robbie Ray (who’s rehabbing from Tommy John surgery) in a trade with the Mariners that dumped the contracts of Mitch Haniger and Anthony DeSclafani.

That’s a fair bit of activity, but the Giants are still teeming with questions about the composition of both the lineup and the rotation. It doesn’t appear they consider their offense to be a finished product, however. San Francisco made a “late run” at Rhys Hoskins before he signed with the Brewers, Jon Heyman of the New York Post reports. Susan Slusser of the San Francisco Chronicle hears the same but cautions that their offer “wasn’t close” to the two-year, $34MM deal Hoskins inked in Milwaukee. That pact also contains an opt-out provision following the 2024 season.

While the Giants have given opt-out clauses perhaps more regularly than any other team in MLB in recent years — e.g. Haniger, Carlos Rodon, Michael Conforto, Sean Manaea, Ross Stripling — Slusser reports that the team is trying to move away from that contract mold. (Lee’s deal also contains an opt-out, though that comes after four years as opposed to the short-term nature of the others just listed.) Whether it was the lack of an opt-out or reluctance to match the years/dollars on the deal, Hoskins preferred the Brewers’ offer and will spend at least the 2024 season in Milwaukee.

The Giants may have missed on Hoskins — an all too familiar refrain for their fans — but mere interest in the longtime Phillies slugger shows that the Giants remain interested in the possibility of adding a bat to the lineup at either first base or designated hitter. The market still offers quite a few options at both positions. MLBTR’s Anthony Franco ran through some of the top unsigned first basemen earlier today (including old friend Brandon Belt), while DH types still on the market include Justin Turner, J.D. Martinez and Jorge Soler. Last year’s primary designated hitter, Joc Pederson, agreed to a one-year deal with the division-rival Diamondbacks just yesterday.

That said, Slusser also writes that third baseman Matt Chapman remains the Giants’ “top position-player target.” The 30-year-old, two-time Platinum Glove winner has ties to multiple Giants higher-ups; he was drafted by the Athletics when Zaidi was still an assistant GM in Oakland, and new Giants skipper Bob Melvin is obviously quite familiar with Chapman after managing him for the first five seasons of the third baseman’s career with the A’s. Zaidi has been focused on upgrading the team’s defense in addition to deepening his lineup, and Chapman could potentially check both boxes — particularly if he’s able to bounce back from the finger injury he sustained in the weight room in early August, which surely contributed to a disastrous finish at the plate (.183/.259/.318 over his final 139 plate appearances).

There’s still a fair bit of offseason left, but San Francisco’s options — particularly on the free agent market — have dwindled while quite a few needs remain unaddressed. The club hasn’t meaningfully upgraded its power production or added any stable innings behind Webb. The rotation behind the Cy Young runner-up is currently a hodgepodge of swingman Ross Stripling, top prospect Kyle Harrison, 26-year-old Keaton Winn (42 1/3 career innings) and the aforementioned Hicks, who’s made all of eight starts in his MLB career. Alex Cobb should be back in the first half, and Ray could return after the All-Star break, but the Giants have spent more than $165MM in free agency so far and the roster doesn’t look definitively better than it did in 2023 when they lost 83 games.

Brewers Sign Rhys Hoskins

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January 26: The Associated Press relays the full contract breakdown. Hoskins will make $12MM this year and will be slated for a salary of $18MM in 2025. If he decides to opt out after 2024, he will get a $4MM buyout. The mutual option for 2026 is valued at $18MM and there’s a $4MM buyout on that as well.

January 23: The Brewers announced they have signed free agent first baseman Rhys Hoskins to a two-year deal with an opt-out after 2024 and a mutual option for 2026. It is reportedly a $34MM guarantee for the client of the Boras Corporation.

Hoskins takes a modified pillow contract after missing the entire 2023 season. At the tail end of Spring Training, he tore the ACL in his left knee while retreating to the outfield grass to field a chopper. While he was able to take batting practice by the end of the season, he never quite made it back to the roster. Philadelphia suggested Hoskins may have been activated from the injured list had they advanced to the World Series.

With the Phils coming up a game short of the Fall Classic, the ACL tear marked an unfortunate end to a productive tenure at Citizens Bank Park. Hoskins seemed a potential candidate for the qualifying offer at the beginning of the offseason. The Phils opted against the QO, declaring they were moving Bryce Harper to first base permanently. That made clear Hoskins was headed elsewhere after nearly a decade in the organization.

The Phillies initially selected him in the fifth round of the 2014 draft. Despite the modest draft stock, he hit the ground running in pro ball. He posted huge minor league numbers, mashing his way to the big leagues in the second half of the 2017 campaign.

That excellent production on the farm presaged strong numbers against MLB pitching. Hoskins raked at a .259/.396/.618 clip with 18 home runs over his first 50 games. While he didn’t maintain that pace over any subsequent season, he has been a consistent middle-of-the-lineup presence in Philadelphia.

Hoskins hit between 27 and 34 home runs in his four full seasons between 2018-22. He was on a similar pace in the shortened season, connecting on 10 longballs in 41 games. He has paired that with a walk rate above 10% in every year of his career. That power and patience gives him a solid offensive floor, even if he hasn’t hit above .250 in any season since his rookie year.

Since 2018, Hoskins has posted a .241/.350/.483 batting line. He strikes out in roughly a quarter of his plate appearances. That’s slightly higher than the league average but hardly outlandish, particularly for a player who hits for the kind of power he does. Hoskins has destroyed left-handed pitching at a .250/.399/.522 clip in his career. His .240/.336/.482 slash versus same-handed arms isn’t quite as impressive but remains solidly above average.

The offense carries the overall profile. Hoskins doesn’t offer much as a baserunner. He has graded as a slightly below-average defender throughout his career. It’s unlikely his defense will improve as he’s into his 30s and working back from a significant knee injury.

That’s fine for the Brewers, who needed an offensive upgrade. Milwaukee ranked 17th in runs last season, a subpar figure for a team that plays its home games at hitter-friendly American Family Field. By measure of wRC+, which adjusts for park, Milwaukee ranked 24th in overall hitting production. That was the worst of any playoff team.

First base was particularly problematic. Milwaukee received a dismal .231/.292/.389 showing from the bat-first position. That led the Brew Crew to non-tender Rowdy Tellez. Milwaukee acquired Carlos Santana at the deadline to stabilize first base for the stretch run. The Brewers have remained in contact with Santana this winter, but they’ll instead jump on the opportunity for a more significant lineup upgrade.

The contract aligns with MLBTR’s prediction of two years and $36MM. A few priority rebound targets have landed a two-year guarantee with an opt-out in recent offseasons. That’s appealing for the player, who locks in more security than they’d have received on a straight one-year pact while still allowing them to get back to free agency after one season.

Hoskins’ deal nearly matches the two-year, $36MM pact which Michael Conforto signed with the Giants last winter after missing the ’22 season rehabbing from shoulder surgery. Players like Josh Bell (two years, $33MM) and Lucas Giolito (two years, $38.5MM) have signed similar pacts after terrible finishes to their respective platform seasons. This contract structure isn’t attainable for every bounceback candidate, but it’s one that higher-ceiling free agents of that ilk are increasingly able to secure.

The specific salary structure hasn’t been reported. If the deal guarantees Hoskins $17MM in each season, it’d push Milwaukee’s payroll projection around $122MM, as calculated by Roster Resource. That’s marginally above last year’s $119MM Opening Day mark. Milwaukee’s payroll slate remains manageable even with Hoskins joining Corbin Burnes and Willy Adames (each of whom will make more than $12MM in their final arbitration seasons) on the books.

If Hoskins picks up where he left off before the injury, he’d likely join Burnes and Adames on next year’s free agent market. As with Burnes and Adames, Hoskins would be a candidate for a qualifying offer if he exercises the opt-out. He remains eligible for the QO since Philadelphia opted against the offer this winter. Milwaukee doesn’t have to forfeit any draft picks to add him.

Pete Alonso, Paul Goldschmidt and Christian Walker could all join Hoskins in an interesting first base class next winter. The remaining options for teams this offseason isn’t as robust. Beyond outfielder/first baseman Cody Bellinger, the top first basemen still unsigned are Brandon Belt, Santana, Garrett Cooper and Joey Votto.

Jeff Passan of ESPN first reported that the two parties were closing in on a two-year, $34MM deal with an opt-out next winter (X link). Mark Feinsand of MLB.com reported that they’d finalized the agreement.

Image courtesy of USA Today Sports.

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