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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.

Poll: Who’s The Best Rental Reliever Available?

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Virtually every contender is on the lookout for bullpen help at the deadline, and this summer should be no exception. The Dodgers, Tigers, Phillies, Yankees, Cubs, and Mets have all been connected to the relief market already this summer, and plenty of other clubs will surely be searching for upgrades to their relief corps as well. An unusual quirk of this summer’s trade market, however, is that the majority of the most frequently discussed names are elite arms controllable beyond the 2025 season. Jhoan Duran, Emmanuel Clase, Mason Miller, David Bednar, and Pete Fairbanks are just a handful of the high-end relievers with multiple years of team control who have found themselves in the rumor mill this July.

Many of those big names likely won’t be moved, however, and the ones that do get traded are likely to come with hefty price tags. For teams with less prospect capital to spend or other areas they’ll need to balance upgrading, perhaps adding rental relief help at a lower price could be a more attractive path to take. Who’s the most interesting pending free agent available to help a contender’s bullpen this summer? A look at some of the options:

Danny Coulombe

Coulombe, 35, has long been one of the better left-handed setup men in the game when healthy. With that being said, for the majority of his career the southpaw has carried a hefty platoon split. He’s a career 2.13 ERA arm against same-handed pitching, but righties have managed to post a 4.14 figure against him over the years. That has limited Coulombe’s abilities as a shutdown set-up man over the years, but he’s changed that narrative with the Twins this year. Not only has he posted a microscopic 0.63 ERA in 28 2/3 innings of work, he’s done so with a 1.23 ERA and a 1.93 FIP against right-handed hitters. Those utterly dominant numbers would be welcome in any contender’s bullpen, though Coulombe’s shaky track record against opposite-handed batters and his small sample of work this year could make him less attractive than his rate numbers would otherwise imply.

Ryan Helsley

Helsley was one of the most talked about trade candidates in baseball for much of last offseason, though the Cardinals ultimately opted to hold onto him. Now that the club appears to be signalling that a sell-off could be in the cards this summer, however, Helsley appears more likely to be moved than ever before. The only problem is that he’s currently in the midst of by far his weakest season since his breakout All-Star campaign in 2022. While he posted a sterling 1.83 ERA, 2.35 FIP, and 34.6% strikeout rate across his last three seasons, Helsley’s 2025 hasn’t been nearly that special. His 3.18 ERA in 34 innings of work is still 32% better than league average, but a 3.77 FIP is downright pedestrian thanks in large part to a massive drop in strikeout rate. He’s punching out just 24.8% of his opponents this year, all while walking 9.4% of batters faced. The 30-year-old still offers premium velocity and is clearly an above-average arm with plenty of closing experience, but he’s not quite the slam-dunk superstar he would’ve been this time last year.

Raisel Iglesias

Iglesias isn’t having an amazing season on the whole but is in a strong groove at the moment. He has a 5.12 ERA on the season but most of the damage came earlier in the year. From June 9th until July 18th, he tossed 13 2/3 scoreless innings with a 37.5% strikeout rate and 2.1% walk rate. His most recent outing was a four-run clunker, but that still leaves him with a 2.45 ERA over his past 14 2/3 innings. Though it’s not his best year, he has 235 saves and a 2.99 ERA in his decade-plus career, so he’ll certainly garner interest.

Kenley Jansen

In the midst of his 16th big league season, the 37-year-old Jansen has begun to show his age with declining peripherals (4.24 FIP, 4.43 xFIP) but has generally remained as effective as ever at closing out games when looking at pure results. His 3.28 ERA across 35 2/3 innings of work has been enough to allow him to convert 17 of his 18 save chances, and virtually all of the damage he’s allowed this year was part of a six-run, two-out blow-up back on May 2. He had made eight appearances without surrendering a run prior to that outing, and since then he’s posted a 2.33 ERA and 3.02 FIP across 27 innings of work. It’s hardly reasonable to ignore that meltdown earlier this season entirely, but given Jansen’s Hall of Fame caliber track record and strong performance in every other outing this season, it’s not hard to imagine contending clubs believing he’ll be more valuable than his season-long peripherals might otherwise suggest.

Steven Matz

The 34-year-old Matz stands out from the rest of the rental relief crowd as a hurler with plenty of starting experience who was used as a multi-inning reliever and spot starter as recently as earlier this season. His 3.29 ERA and 2.90 FIP across 52 innings of work this year are certainly impressive on paper, but a closer look at his numbers reveals some reason for pause. Since the start of May, Matz has been used exclusively in short relief and hasn’t exactly taken to the role change well with a 4.82 ERA and 3.73 FIP in 28 innings of work over his last 20 appearances. Perhaps an interested club would look at that improved peripheral and see potential, but it should be noted that Matz carries a massive platoon split this year; while lefties have been held to a .182/.222/.234 against him this year, righties have slashed a much more robust .290/.321/.435. That’s not exactly what you want from a late-inning reliever, but Matz could still provide unique value to clubs as a dominant hurler against lefties who could be stretched out for longer appearances as needed.

Other Options

The aforementioned five names are hardly the only options worth considering. Caleb Ferguson of the Pirates, Seranthony Dominguez of the Orioles, and Jakob Junis of the Guardians are among a number of set-up men in the midst of solid seasons, though none have numbers or track records quite as impressive as the group listed above. Kyle Finnegan of the Nationals has a long track record of success in the ninth inning but didn’t get much interest in free agency this winter and he now has a 4.62 ERA this year. Diamondbacks closer Shelby Miller would have a strong argument as one of the top options on this list if not for a forearm strain suffered early this month that could require surgery, though a return later this year has not yet been ruled out.

Who do MLBTR readers view as the best rental reliever available this summer? Should teams prioritize the strong track records of Helsley, Iglesias and Jansen, or the recent excellence of Coulombe? Or perhaps Matz’s flexibility to be used in multiple roles makes him most attractive of all? Have your say in the poll below:

Who's the best rental reliever available this summer?
Ryan Helsley 56.80% (3,183 votes)
Raisel Iglesias 14.01% (785 votes)
Kenley Jansen 12.08% (677 votes)
Danny Coulombe 11.80% (661 votes)
Steven Matz 5.32% (298 votes)
Total Votes: 5,604

Dodgers Pursuing High-End Bullpen Upgrades

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The Dodgers are known to be in the market for bullpen help after injuries to Evan Phillips, Michael Kopech and Blake Treinen have thinned their relief corps. They’re focused on several of the market’s most high-profile names, per USA Today’s Bob Nightengale, who reports that L.A. has inquired on Guardians closer Emmanuel Clase, Pirates closer David Bednar, Cardinals closer Ryan Helsley and Orioles closer Felix Bautista (in addition to previously reported interest in Minnesota’s Jhoan Duran and Griffin Jax).

Los Angeles was active on the relief market over the winter, signing Tanner Scott to a four-year deal, Treinen to a two-year contract and Kirby Yates to a one-year pact. Neither Scott (4.00 ERA) nor Yates (4.08) have performed up to expectations, however, and Yates has also missed some time due to a hamstring strain (though he’s been healthy for the past month and a half). Dodgers relievers rank 24th in the majors with a 4.38 earned run average, and they’re at an ugly 5.28 mark over the past month.

Of the names listed, Bednar is the likeliest to change hands. The Pirates, in last place in the NL Central, were swept by the White Sox this weekend and are surefire sellers. Bednar is earning $5.9MM this year and is owed one final raise in arbitration this winter before becoming a free agent in the 2026-27 offseason. The 30-year-old struggled through a down season in 2024 and pitched poorly enough early in 2025 to be optioned to Triple-A; he’s been in vintage form since returning from a brief two-week demotion.

Over his past 31 innings, Bednar boasts a 1.74 ERA with a massive 36.4% strikeout rate against a 5.8% walk rate. He’s currently in a 17 1/3-inning streak without allowing an earned run — his last earned run was on May 24 — and has posted a 23-to-4 K/BB ratio in that time. Pirates ownership has reportedly nixed some trade talks on Bednar, a Pittsburgh native, in the past. That’s not expected to be the case this time around.

Helsley has a good chance of moving as well. The Cardinals dropped their first two games coming out of the All-Star break and are three back in the NL Wild Card chase. They’ve outperformed all expectations this season after an offseason of inactivity, but they entered the season expecting this to be a transition year as their baseball operations staff turns over. If the Cards win several games in a row and nudge further up the standings, they could wind up hanging onto Helsley, whom Derrick Goold of the St. Louis Post-Dispatch recently highlighted as a potential qualifying offer candidate. Nightengale writes that the Cards don’t plan on making a QO to Helsley, though that could simply indicate there are differing opinions within the front office on whether that’d be prudent.

Helsley, 31, certainly makes sense as a potential QO candidate. He’s been among the best relievers in the National League over the past four seasons, working to a combined 2.06 ERA with 101 saves. This year’s numbers have dipped a bit. He’s sitting on a 3.27 ERA with a 24.8% strikeout rate and 9.7% walk rate. It’s still  a strong performance overall, but not up to the lofty standards he’d set from 2022-24. He’ll still command sizable interest — Nightengale writes that five contenders have been in touch with the Cardinals about him — and should be able to net the Cardinals greater value  (and certainly more MLB-ready talent) than they’d net with a compensatory draft pick if Helsley rejected his QO and signed elsewhere.

The other relievers highlighted are less likely to be traded. Cleveland is reportedly listening on Clase and teammate Cade Smith, but both players will have exorbitant asking prices. Clase is signed cheaply through 2026 and has a pair of affordable club options. Bautista is arbitration-eligible in 2026 and 2027, and the Orioles are far likelier to trade short-term rentals than players controlled multiple years beyond the current season. Both Duran and Jax are controlled through 2027 as well, and the Twins are still on the fringes of the AL Wild Card race 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.

Phillies, Diamondbacks Interested In Ryan Helsley

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The calendar has not yet even flipped to May, leaving more than three months to go until MLB’s trade deadline on July 31. That hasn’t stopped some teams from assessing their needs and even beginning to look into potential targets for the summer, however, and USA Today’s Bob Nightengale writes that the Phillies and Diamondbacks both already have an eye on Cardinals closer Ryan Helsley. There’s no indications that St. Louis is currently listening to offers on their closer, nor that either Philadelphia or Arizona has reached out to Cardinals brass at this point, though Nightengale goes on to suggest that Helsley is “likely” to be dealt prior to the deadline.

It’s easy to see why Helsley would be an attractive candidate for teams looking for a closer. The righty emerged as the Cardinals’ closer in 2022 and has been nothing short of dominant ever since, with a combined 1.83 ERA (225 ERA+), a 34.6% strikeout rate, and and 2.35 FIP to go with 83 saves over the past three years. Those numbers are nothing short of elite: Among all qualified relievers during that stretch, Helsley’s ERA is third (behind Emmanuel Clase and Devin Williams), his FIP is fourth (behind Williams, Matt Brash, and Edwin Diaz), his saves total ranks sixth, and his strikeout rate ranks eighth.

Those sensational numbers made Helsely a prime trade target for clubs in need of relief help over the winter, including Arizona and Toronto. The Cardinals seemingly rebuffed offers on their closer throughout the offseason, however, even as they opted not to discuss an extension with their closer as they shied away from making long-term commitments this winter. St. Louis’s 12-15 record puts them 4.5 games back of the Cubs in the NL Central and three games underwater. It’s still plenty early enough for virtually any team in the majors to go on a run and get themselves into the playoff conversation, but failing a surprise reversal in fortune a Cardinals front office that attempted to soft-launch a retooling over the offseason appears likely to sell rental pieces like Helsley this summer.

Should Helsley be dangled by the Cardinals later this year, they’ll surely find plenty of suitors. Toronto pivoted to sign Jeff Hoffman after they failed to land Helsley, and that decision is going swimmingly so far. The Diamondbacks did not find a closer over the offseason, however, so Nightengale’s report that they have continued interest in Helsley makes plenty of sense. That’s particularly true after A.J. Puk was shelved last week due to elbow inflammation that seems likely to keep him out of action for the foreseeable future, further denting a bullpen that relied primarily on Puk and Justin Martinez to close out games.

The Phillies, meanwhile, attempted to address the losses of Hoffman and Estevez in free agency by signing non-tendered Jays closer Jordan Romano. The 32-year-old had been one of the league’s top closing pitchers not long ago, with a 2.29 ERA and two All-Star appearances between 2020 and 2023. Things changed last year, however, as Romano battled elbow inflammation and pitched to an ugly 6.59 ERA in the 15 appearances he did make. That led the Jays to non-tender Romano, and the Phillies eventually snapped him up on an $8.5MM guarantee. That deal was signed with the idea that Romano would join lefties Jose Alvarado and Matt Strahm in the late innings for the Phillies this year, but things haven’t gone to plan as he’s allowed a whopping 15 runs (14 earned) in just 9 1/3 innings of work over 11 appearances.

It’s hardly a shock that such an ugly performance has inspired the Phillies to begin surveying closing possibilities on the trade market. The club’s core is continuing to age and with players like Ranger Suarez, Kyle Schwarber, and J.T. Realmuto set to hit free agency this winter the team could look extremely different this time next year. If 2025 proves to be the Phillies’ last opportunity to win with their current core, it would make sense to be aggressive in supplementing it this summer even as they enter play today with a relatively pedestrian 14-13 record. Adding a solid back-end reliever like Helsley, as they did when they dealt for Estevez last year, could go a long way to helping Philadelphia gear up for a playoff run in what looks to be an extremely competitive National League this year.

As sensible as the addition of a player like Helsley may be, Nightengale is quick to note that the Phillies aren’t interested in trading their very best and most impactful prospects. Specifically Nightengale writes that both Andrew Painter and Aidan Miller won’t be included in any trade, and that’s hardly a surprise given that both are well-regarded pieces with high ceilings who are already in the upper levels of the minors. It would be a shock if either of them were traded this summer and it’s almost unfathomable that either could ever be considered in a deal for a rental relief arm, even one as electric as Helsley.

Cardinals Reluctant To Make Long-Term Commitments This Winter

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The Cardinals have been among the league’s quietest teams this winter as they’ve to this point failed in their attempts to trade third baseman Nolan Arenado despite both sides preferring he play elsewhere in 2025. That difficulty in trading Arenado won’t force other cost-cutting moves according to club brass, but it does seem to have forced them to take a passive approach to the offseason with limited budget space available until and unless Arenado or another significant salary is traded. Recent comments from president of baseball operations John Mozeliak, as reported by Derrick Goold of the St. Louis Post-Dispatch, have further illuminated the club’s goals this winter.

During last weekend’s Winter Warmup fan event, Mozeliak told reporters that his goal for the winter has been to create a “clean slate” for incoming president of baseball operations Chaim Bloom, who will replace him at the head of baseball operations when Mozeliak’s contract expires after the 2025 season. That desire to offer Bloom maximum flexibility as he takes over baseball operations has seemingly informed the club’s attempts to move Arenado. As Goold notes, Arenado is one of just three players who have a guaranteed contract in place beyond the 2025 season. The other two veterans, slugger Willson Contreras and right-hander Sonny Gray, both declined to waive their no-trade clauses earlier this winter and plan to stick in St. Louis going forward.

Aside from attempting to shed long-term commitments where possible, Goold adds that the Cardinals appear similarly reluctant to make new ones this winter. While the club is reportedly in the market for a late-inning reliever to replace Andrew Kittredge, it appears they club is hoping to avoid a longer-term agreement with a bullpen arm. That shouldn’t be too much of an obstacle given that the majority of the winter’s top relievers are already off the market and most veteran leverage relievers still available such as David Robertson, Kenley Jansen, and Tommy Kahnle are at an age where the vast majority of players are already limited to one-year offers on the open market. Filling the club’s reported desire for a right-handed bench bat who can complement a heavily left-handed lineup should be similarly easy to do on a one-year deal, as multi-year deals for projected bench players are few and far between.

Given the nature of the club’s external needs this winter, Mozeliak’s preference to avoid longer-term commitments this offseason appears likely to have more of an impact on the club’s approach to extensions. Closer Ryan Helsley, a free agent after the 2025 season, spoke candidly last weekend about the lack of extension talks between his camp and the Cardinals to this point. Meanwhile, reporting earlier this month suggested that the Cardinals were discussing a multi-year extension with utility man Brendan Donovan but no deal ultimately came together. Goold sheds some light on that situation, writing that the Cardinals have previously expressed interest in a multi-year deal with Donovan but did not “aggressively pursue” long-term deals with either him or any of the club’s other arbitration-eligible players this winter.

With one president of baseball operations finishing out the final year of his contract and his successor already both in the organization and announced as the future head of baseball ops, the Cardinals find themselves in an unusual position when it comes to committing to longer-term contracts even in the case of their own players. When asked about the possibility of extensions this offseason, Mozeliak indicated to Goold that the club remains open to conversation this spring but that Bloom would be involved in any negotiations given that he would be the person inheriting those longer-term commitments. Given that two top decision-makers would be involved in any negotiations this winter, it’s easy to imagine both sides preferring to table any extension talks until next year for players under team control beyond the 2025 season. At that point, Bloom will be fully in charge of baseball operations and have another year of direct evaluation under his belt with which he can make decisions.

Speculatively speaking, the Cardinals’ desire to provide Bloom with as much flexibility as possible when he takes over baseball operations after the 2025 season may also influence their decision to resist the idea of trading players who aren’t veterans on long-term, guaranteed deals. By keeping players with a handful of years of team control remaining like Donovan and Lars Nootbaar in the fold for 2025, Mozeliak offers Bloom the opportunity to decide whether or not the club should entertain an extension or trade for those players next winter.

Even rebuffing interest from rival clubs in players like Helsley and Erick Fedde could be a decision made in order to maximize flexibility when Bloom takes over, offering him the opportunity to extend the Qualifying Offer to either player if they turn in a sufficiently strong performance in 2025. MLBTR’s Anthony Franco discussed the Cardinals’ “half-measure” offseason in an exclusive article for Trade Rumors Front Office subscribers earlier this month, and the club’s apparent goal of maximizing the options at Bloom’s disposal when he takes over next winter could be an explanation for their apparent lack of urgency.

No Extension Talks Between Cardinals, Ryan Helsley

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Right-hander Ryan Helsley spoke to reporters about his future with the Cardinals during the club’s Winter Warmup fan event this weekend. As relayed by Jeff Jones of the Belleville News-Democrat, Helsley indicated that he was actually under the impression he’d be getting traded this winter when the offseason began. The righty added that when his camp heard from president of baseball operations John Mozeliak about six weeks after the season ended and was told the Cardinals plan to hold onto him this winter, he initially believed the call was to inform him of a trade.

Part of Helsley’s belief that he was ticketed for a trade this winter is based on the fact that there’s “never been any talk about extensions” between his camp and the Cardinals, he indicated. As noted by Jones, Helsley made clear that he would love to stay in St. Louis beyond the end of his time under team control but called negotiations a “two-way street” before adding that “if only one side wants [an extension], it’s not going to work out.”

It’s not a response that projects much confidence from Helsley about his prospects of remaining in town beyond the end of his contract. While the Cardinals have been seen as unlikely to part with Helsley on the trade market all winter even in spite of interest from rival clubs, keeping Helsley for the start of the regular season doesn’t necessarily mean that the club has interest in keeping the right-hander in the fold long-term or even that they’re opposed to considering a trade for Helsley over the summer if the club isn’t in playoff contention.

The biggest reason for the club to hold onto Helsley to open the season is that the club hopes to maintain some level of competitiveness in a relatively weak NL Central division this year. Helsley was among the best closers in baseball last season as he posted a 2.04 ERA and 2.41 FIP in 66 1/3 innings of work while collecting an MLB-best 49 saves. He struck out 29.7% of his opponents and continued to flash triple-digit velocity on his fastball. That’s the sort of dominant performance that can substantially boost a team’s odds of staying competitive, and the Cardinals don’t have a bevy of young relief arms ready to step into Helsley’s shoes the way they do with veteran hitters from the 2024 club like Paul Goldschmidt and Nolan Arenado.

Of course, another consideration is money. Helsley and the Cardinals settled at an $8.2MM salary to avoid arbitration this year. That $8.2MM, while not insignificant, would not do as much to assist the club’s goal of lowering payroll in 2025 as letting Goldschmidt (who signed for $12.5MM with the Yankees last month) depart in free agency did, to say nothing of how much more impactful trading most or all of the $60MM the Cardinals still owe Arenado over the next three seasons would be. In fact, Helsley’s impact relative to the Cardinals’ financial obligation to him arguably makes him one of the most valuable players on the team. Viewed through that lens, it’s understandable that St. Louis is planning to keep him in the fold through at least the first half of the season as they attempt to compete for a playoff spot.

Once Helsley is no longer under team control, that value calculation figures to change radically. Edwin Diaz and Josh Hader have set a new standard for elite relievers in free agency by landing deals that garnered both more than $90MM over a five-year period by measure of net present value. Helsley’s track record isn’t quite on the same level as Hader’s but even this year’s top free agent reliever, Tanner Scott, is rumored to be in line for an annual salary that could approach $20MM. If Scott, who had a dominant platform season but has a shorter track record of late-inning excellence than Helsley does, can land that sort of deal in free agency this winter it’s hard to imagine the righty not garnering a deal that at least comes close to doubling his annual salary next offseason.

That’s not the type of contract extension that would make sense for a Cardinals club that’s facing payroll constraints to offer, even before considering the uncertainty the team faces as it turns its focus towards developing younger players at the big league level. That makes it somewhat understandable for the Cardinals to not pursue an extension with Helsley at this point. After all, playing out the final year of his contract allows them to leave the door open for a midseason trade if the club is out of contention while also not stopping them from re-upping with him after the season should they believe that he’s a fit for their needs in 2026 and beyond. If the Cardinals exceed expectations and remain in the mix for a playoff spot all year, it will be much easier for them to project the level of competitiveness in 2026 necessary to make splurging on a closer of Helsley’s caliber more justifiable.

The Cardinals Are Amidst A Half-Measure Offseason

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The Cardinals have made zero trades this offseason. Two months ago, that would've been a huge surprise. President of baseball operations John Mozeliak declared at the end of the season that the team would cut MLB payroll and give consistent reps to younger players. Seven of MLBTR's Top 35 trade candidates entering the winter were Cardinals.

All of them remain Cardinals with less than a month until pitchers and catchers report. They're not all analogous situations. In at least three cases, the Cards themselves were probably taken aback. Willson Contreras told the team he had no interest in waiving his no-trade clause. Sonny Gray has also expressed an interest in staying rather than waiving his own no-trade rights. Nolan Arenado is reportedly more open to moving, though he used his no-trade clause to kill a potential trade to Houston.

Mozeliak has openly stated the organization is trying to deal Arenado. The baseball operations leader has called that the simplest way to get the team's payroll where they want it to be. That could still come together, but it has proven tougher to orchestrate than the front office seemingly envisioned. The Astros have already moved on. Other teams are reportedly balking at taking a big portion of the $64MM remaining on the third baseman's contract. Katie Woo of The Athletic wrote last week that talks on Arenado had stalled.

Those instances are beyond Mozeliak's control beyond the fact that he was willing to include no-trade clauses in Contreras' and Gray's free agent deals. (Arenado received his NTC from the Rockies when he signed his extension in 2019.) The front office probably expected those veterans would be eager to move rather than waiting out one or more transitional seasons. In that sense, the Cards are in an unenviable spot.

The most perplexing part of their offseason is that they haven't made any moves in response to those roadblocks. Their offseason has consisted of buying out Kyle Gibson, Lance Lynn and Keynan Middleton while claiming depth reliever Bailey Horn off waivers. That needs to change between now and Opening Day.

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Nolan Arenado Reportedly Less Likely To Be Traded

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The Nolan Arenado saga has been perhaps the main storyline of the Cardinals’ offseason. As the club looks to scale back payroll and open up playing time for younger players (Nolan Gorman, in particular), Arenado has become one of the most prominent trade candidates in the sport. His full no-trade clause, downturn at the plate since 2023 and remaining three years and $74MM ($10MM of which is being covered by the Rockies) all combine to complicate the matter, however; Arenado has already reportedly invoked that no-trade clause to nix a deal to the Astros, who pivoted in mere days and signed first baseman Christian Walker to a three-year, $60MM deal instead (a contract nearly mirroring the $64MM they’d have owed to Arenado).

Agent Joel Wolfe said at last month’s Winter Meetings that Arenado was only open to trades to clubs where he felt he could win both in the short-term and for the remainder of his contract. It’s a bit odd that the Astros, who reached the playoffs in 2024 and reached the ALCS each season from 2017-23, didn’t fit that criteria, but there are surely multiple factors behind his decision.

Since that time, the Red Sox have been painted as the last and best hope for the Cardinals to orchestrate an Arenado trade. Even there, the situation is muddy. Acquiring Arenado would very likely mean moving Rafael Devers across the diamond to first base, where Triston Casas currently resides. Casas could see more time at DH, though the Sox are committed to Masataka Yoshida, who has three years and $54MM remaining, at that position. There’s the possibility of trading Casas, but Boston would surely need major league talent in return. It’s debatable whether they’d be better off with Arenado at third, Devers at first and whatever young talent they could get in return for Casas. Simultaneously, the Sox are considering a run at Alex Bregman (who’d also require shifting Devers to first and finding a trade for Casas or a taker for Yoshida). It’s all quite messy.

For those reasons and more, Katie Woo of The Athletic writes that he outlook on a possible Arenado deal is becoming increasingly bleak. Woo writes that efforts to move Arenado are at a “standstill” — in part because St. Louis isn’t interested in eating a notable chunk of the contract when part of their reason for wanting to move the third baseman is a desire to scale back spending. If no deal for Arenado materializes, per Woo, the Cards could look into other ways to trim payroll (and acquire young talent).

It’s quite arguable that the Cardinals should already be doing as much. The team isn’t making any efforts to improve the club for the upcoming season, after all, and the Cards are fresh off an 83-79 season. They’ve bid farewell to Kyle Gibson Lance Lynn, Paul Goldschmidt and Andrew Kittredge in free agency. Absent any effort to truly push closer to contention, it’s a stretch to think the Cardinals will make massive strides within the NL Central — let alone emerge as a bona fide threat in the postseason even if they limp to a playoff berth through a good showing within a weak division.

St. Louis has plenty of appealing players who’ll be free agents after the season and could be marketed to other clubs. Starter Erick Fedde ($7.5MM), closer Ryan Helsley ($8.2MM) and to a lesser extent veteran starter Steven Matz ($12MM) would all pique the interest of other clubs. That’s also true of setup man JoJo Romero, who’s controlled only through 2026. If the Cards aren’t taking a wholehearted aim at contending in 2025 anyhow, there’s good reason to explore trades of those players in the here and now, rather than risk a downturn in value following injuries or a poor first half of the season.

Moving Fedde or Matz would thin out the current rotation depth for a club that needs innings, though there’s of course the possibility to backfill via free agency. Derrick Goold of the St. Louis Post-Dispatch wrote this week that the club still has some interest in Mizzou product Kyle Gibson, who enjoyed pitching close to home last year and played a key mentor role for many of the team’s young players. Trading Fedde for prospects, for instance, and signing Gibson to replenish those innings could bolster the long-term outlook. It might not significantly reduce payroll on its own — it may slightly increase it, in fact — but it’d benefit the long-term health of the organization. Such a trade could also be coupled with deals of Matz and/or Helsley as well. Goold notes that both Fedde and Matz have drawn interest throughout the winter, which is only logical given the soaring price of free-agent pitching.

While The Athletic and Post-Dispatch continue to caution that chances of a trade don’t look great right now — Ken Rosenthal suggested as much today on Fair Territory, as well — MLB.com and MLB Network frame things differently. John Denton wrote this week that the Red Sox could soon pull out of the Bregman bidding, which would greatly improve the chances of an Arenado trade with St. Louis. The third baseman has already formally told the club he’d green-light a deal to Boston, per Denton, and he’s talked with friend and former teammate Trevor Story about the possibility of reuniting at Fenway Park.

Further, MLB Network’s Jon Morosi suggested on air this morning that as options have begun to dwindle, Arenado has begun to take a more open-minded approach. Some clubs that showed interest last month but didn’t pursue trades because of Arenado’s narrow list of criteria could come back into play, per Morosi. He suggests the Mariners and Tigers as two such clubs, though it’s virtually impossible to see how the Mariners could be considered a viable suitor given their well-documented financial constraints this winter.

The Tigers are a more plausible fit on paper, but they’ve spent quite conservatively under president of baseball ops Scott Harris; perhaps they’d have interest, but it’s hard to see them paying full freight on that contract, particularly when they have some third base options in house already (including top prospect Jace Jung).

Jeff Jones of the Belleville News-Democrat tweeted this morning that the Royals were among the teams that reached out to the Cardinals last month but didn’t pursue a trade because of a belief that Arenado wouldn’t green-light the deal. The Royals are still seeking another bat, and incumbent Maikel Garcia is a glove-first player with a lighter bat than even the recently diminished version of Arenado. Kansas City also traded its top third base prospect, Cayden Wallace, to the Nationals in last summer’s Hunter Harvey swap.

However, Arenado’s contract would figure to be quite problematic for the Royals. Beyond the $64MM total he’s owed is the fact that said commitment is front-loaded; Arenado is owed $32MM this coming season ($5MM being covered by Colorado). The Royals’ payroll is already close to $10MM higher than it was a year ago, per RosterResource. Rosenthal noted in the aforementioned Fair Territory segment (17:50 mark) that he was surprised Kansas City even eked out another $7MM to re-sign Michael Lorenzen. Piling an additional $27MM onto the payroll and pushing their Opening Day would push payroll close to or slightly north of $150MM. That’d top the current franchise record of $143MM, set back in 2017. Arenado might represent a clearer upgrade to the Royals or Mariners than to some other speculative fits, but neither seems to have the financial wherewithal to bring him aboard — even if Arenado were willing to approve the deal.

If that feels like a lot of words effectively downplaying the possibility of a trade and maintaining the status quo — well, it is. The simple reality is that Arenado was never going to be an easy player to move, and his decision to quash a trade to Houston — and the Astros’ immediate pivot — probably eliminated the best chance of the Cardinals moving him at all. Absent a new approach from the Yankees — New York offered Marcus Stroman for Arenado earlier this winter, which didn’t interest St. Louis — there’s no long-term contender with a clear need at third base and ample payroll space to take on a 34-year-old player whose bat appears to be on the decline.

Chances of a trade shouldn’t be considered dead and buried, of course. Spring injuries could always create a need for a big-payroll contender whose options at that juncture are limited. Such circumstances could prove a meaningful catalyst. Trades elsewhere on the market could alter another team’s considerations at the hot corner and spark some interest in Arenado. For now, however, it seems increasingly likely that Arenado may not have the market to facilitate a trade. If the Cardinals begrudgingly come to feel the same, it could create some fascinating ripple effects with regard to the rest of their roster.

Blue Jays, Diamondbacks Have Expressed Interest In Ryan Helsley

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As the Cardinals eye a reset focused on younger players in 2025, Mark Feinsand, John Denton, and Bryan Hoch of MLB.com report that the club has received interest from the Blue Jays and Diamondbacks regarding closer Ryan Helsley. A subsequent report from John Gambadoro of Arizona Sports 98.7 confirms the interest in Helsley on the part of the D-Backs, though Gambadoro adds that the Cardinals do not appear to be interested in dealing their closer.

That apparent disinclination to deal Helsley meshes with a report from earlier this month that characterized St. Louis as unlikely to part ways with Helsley this winter, with president of baseball operations John Mozeliak suggesting at the time that they plan on Helsley remaining with the team for 2025. Given the perennial desire for high-end relief talent at the trade deadline each summer, it stands to reason that if Helsley pitches anything like he did in 2024 (2.04 ERA, 49 saves, 29.7% strikeout rate) in the first half of 2025 the Cardinals would still be able to land quite the haul for his services in the event they aren’t in position to push for a return to the playoffs.

Given that reality, it’s perhaps not a shock that the Cardinals have seemingly set an incredibly high bar for even considering moving on from the two-time All-Star. The 30-year-old has been among the league’s most dominant relievers in recent years, with a 1.83 ERA and 82 saves to go with a 34.6% strikeout rate in 167 2/3 innings of work since the start of the 2022 campaign. That sort of dominant relief profile can net an impressive return even with just one year of team control remaining, as the Brewers demonstrated when they acquired Nestor Cortes and Caleb Durbin from the Yankees in exchange for star closer Devin Williams.

Considering a report earlier this week suggested that the Snakes had interest in Williams before he was ultimately traded to the Yankees, it’s perhaps no surprise that Arizona has made contact with the Cardinals regarding Helsley. Club brass has made plain their goal of adding high-leverage relief help this winter following the loss of Paul Sewald to free agency. The club’s current back-end trio of Justin Martinez, A.J. Puk, and Kevin Ginkel is a solid one, but it’s easy to see why the Diamondbacks would have interest in bumping a young arm like Martinez out of the closer role and bringing in someone more established.

The Blue Jays, meanwhile, appear to be in the market for upgrades to virtually every area of their roster after a disappointing 2024 season that saw them finish dead last in the AL East. As star first baseman Vladimir Guerrero Jr. enters his final year of team control before free agency, Toronto appears to be focused on adding a bat to the lineup who can help offer him protection and bulking up a starting rotation that lost Yusei Kikuchi to a midseason trade and stands to lose Chris Bassitt to free agency next winter. In addition to those two issues, however, it can’t be ignored that the Jays non-tendered longtime closer Jordan Romano last month and currently figure to rely on Chad Green and the recently re-signed Yimi Garcia in the late innings. Adding a more proven closer to that mix would surely help turn around a Blue Jays club that saw its relievers struggle to the second-worst ERA and the worst FIP in baseball last year.

Other options beyond Helsley exist for strengthening either club’s bullpen corps, of course. It’s unclear whether either club would spend what it takes to land a top-of-the-market closing option like Tanner Scott or Jeff Hoffman, but veteran closers like Kenley Jansen, Kirby Yates, and David Robertson are all available in free agency this winter and could be had on a shorter commitment. Sewald, José Leclerc, and Chris Martin are among the other relievers available who could impact a club’s late-inning mix and could be more affordable than other options available.

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