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Latest On Yankees’ Pitching Search

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The Yankees were known to be one of the teams talking with the Marlins about a possible Edward Cabrera trade, but with Cabrera now in a Cubs uniform, the New York Post’s Joel Sherman reports that the Bronx Bombers are looking elsewhere for rotation help.  The NY Post’s Jon Heyman reiterates that the Yankees continue to have trade interest in the Brewers’ Freddy Peralta and the Nationals’ MacKenzie Gore, and the chances of a Tarik Skubal trade with the Tigers seems remote due to Detroit’s huge asking price.

As per offseason norms, the Yankees have been routinely connected to several major players on the free agent and trade markets, though the club has yet to swing a big transaction.  New York did bolster its pitching depth by re-signing Ryan Yarbrough and Paul Blackburn, but those aren’t the types of arms that would provide the certainty or the upside of a true front-of-the-rotation arm.

Sherman outlines the situation facing the Yankees’ rotation, as technically the team has enough starters between Max Fried, Luis Gil, Cam Schlittler, Will Warren, and Yarbrough to cover innings until Carlos Rodon is back from elbow surgery (in late April or early May), and Gerrit Cole and Clarke Schmidt are back from Tommy John surgery.  Of course, any injuries to the healthy pitchers or setbacks for the injured pitchers could throw this entire plan awry, and Schmidt’s availability for any of the 2026 season isn’t a sure thing since he underwent his TJ procedure last July.

Bringing in not just a depth starter, but a pitcher that could conceivably start a playoff game would naturally be a nice boost to the rotation picture.  Such an addition provides cover against not just injuries, but (as Sherman notes) the possibility that Schlittler might struggle in his first full Major League season, or that Fried might feel some wear after a career-high 195 1/3 innings pitched in 2025.

Interestingly, almost all of the starting pitchers linked to the Yankees on the hot stove this offseason have been trade targets, rather than free agents.  Given how Cody Bellinger seemingly remains New York’s top overall priority, it would seem like the Yankees are allocating their free agent dollars in that direction….or perhaps towards another top-tier option like Bo Bichette if a deal can’t be reached with Bellinger.

While the Yankees were reportedly interested in Tatsuya Imai earlier this winter, Heyman writes that the team was looking at Imai more as a reliever than as a starting pitcher.  As such, the Yankees didn’t make Imai an offer, since presumably the bidding got beyond New York’s comfort range for a relief pitcher.  Imai’s market ended up being narrower than initially thought, and the righty ended up signing with the Astros on a three-year, $54MM deal that includes opt-outs after each of the first two seasons.

Heyman also provides some details on the Cabrera negotiations, as such New York prospects as right-hander Ben Hess and outfielder Dillon Lewis were mentioned, along with “a third lower-level prospect.”  It isn’t specified if these three players were all included in one offer to Miami, but the Marlins instead opted for the Cubs’ three-prospect mix of Owen Caissie, Cristian Hernandez and Edgardo De Leon.  The highly-regarded Caissie is the highest-ranked prospect of the group and he has already made his MLB debut, so he could be in Miami’s outfield as soon as Opening Day.  It is easy to see why the hitting-needy Marlins might’ve preferred Chicago’s offer, especially since the Yankees weren’t willing to include their own top hitting prospect in George Lombard Jr.

In what might be an interesting tidbit to file away for any future Yankees/Marlins trade talks, Heyman writes that “Miami loves the super talented Lewis,” a 13th-round pick in the 2024 draft who finished his first full season of pro ball at high-A Hudson Valley.  Baseball America ranks Lewis as the eighth-best prospect in New York’s farm system, with Hess clocking in fifth place.

MLBTR Podcast: Contracts For Imai And Okamoto, And Thoughts On The Pirates And Giants

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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 Steve Adams of MLB Trade Rumors to discuss…

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!

Photo courtesy of Troy Taormina, Imagn Images

Astros Sign Tatsuya Imai

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The Astros officially announced the signing of right-hander Tatsuya Imai to a three-year contract that allows him to opt out after each of the first two seasons. It’s reportedly a $54MM guarantee for the NPB star, who’ll collect a $2MM signing bonus and $16MM salary next year. He’s owed respective $18MM salaries between 2027-28. Imai, a client of the Boras Corporation, would reportedly escalate his 2027 salary by $2MM apiece at reaching 80, 90 and 100 innings next year. His ’28 salary would also climb by $1MM at each of those thresholds, meaning the total value can jump another $9MM.

Meanwhile, the Lions will receive a posting fee based on Imai’s $54MM guarantee. The current system for international postings gives the original club 20% of the first $25MM, 17.5% of the next $25MM, and 15% of anything over $50MM. That works out to $9.975MM, so the Astros are on the hook for just under $64MM between the contract’s guaranteed money and the posting fee. If Imai opts out next season, Houston will have committed $27.975MM for one year of his services. The Astros would also owe a 15% posting fee to the Lions on any escalators that Imai unlocks if he doesn’t opt out.

Imai was one of the top starters available in free agency and coming off a career-best 1.92 ERA season with the Saitama Seibu Lions of Japan’s Nippon Professional Baseball. It was reported several days ago that he was meeting with teams in-person in advance of his January 2 signing deadline. The Yankees, Mets, Cubs, Phillies, and Orioles were among the clubs interested in signing him, so the Astros are a bit of a surprise destination.

We at MLBTR ranked Imai No. 7 on our Top 50 Free Agents list and projected him for a six-year, $150MM contract. This deal with Houston comes in at half the length of that projection, with around a third of the guaranteed money. It appeared that Imai had other offers on the table for longer terms but lower AAVs (link via Mark Feinsand of MLB.com). The opt-outs in his deal with Houston allow him to try for a bigger contract in future offseasons if he can prove himself in MLB.

Imai is 27 years old (28 in May) and has pitched to a 3.15 ERA in 963 2/3 career NPB innings. He debuted in 2018 at age 20 and made 16 appearances (15 starts), but struggled with a 4.97 ERA. Those early struggles continued from 2019-20. In the pandemic season, Imai had a 6.13 ERA in 61 2/3 innings and walked more batters than he struck out, which resulted in him temporarily being moved to the bullpen. He rebounded in 2021, posting a 3.30 ERA in 158 1/3 innings with an improved strikeout rate, and he has stuck as a starting pitcher ever since.

That kicked off a run of dominance from 2022-25. After posting a 2.41 ERA in nine starts with the Lions in 2022, Imai followed up with a 2.30 ERA and a 24.4% strikeout rate in 133 innings in 2023. While he did walk 11.4% of hitters that year, his strikeout and walk numbers improved year over year from 2023-25. This year, he struck out 27.8% of hitters (highest among qualified NPB starters) and walked just 7.0%. His 20.7% K-BB rate was third-best in that league. Imai also did very well at keeping the ball in the yard, allowing just six home runs all season (0.33 HR/9) and inducing groundballs 48.3% of the time. Overall, he enters the majors with a higher ceiling and much-improved control compared to his early career.

In terms of stuff, Imai profiles as a mid-rotation starter in the majors. His fastball sits in the mid-90s and can reach 99 mph, and he also throws a slider, splitter, and changeup. His excellent performance from 2022-25 made him an attractive target in free agency, although some evaluators were concerned about his secondary stuff and past struggles with control. It seemed that industry opinion was mixed on whether he could succeed as a big-league starter, which resulted in the lower-than-expected guarantee.

At the time of his posting, a $150MM deal seemed like a real possibility. These days, teams value youth and upside and are willing to pay a premium to get it. Recent offseasons have seen players like Juan Soto and Vladimir Guerrero Jr. sign for over a decade and at least $500MM in guaranteed money. Among Asian players, right-hander Yoshinobu Yamamoto and outfielder Jung Hoo Lee came to the majors after their age-24 seasons and earned $100M+ deals. Imai is several years older than Yamamoto was when he signed and has a shorter track record as a front-of-the-rotation arm. While he was never going to match Yamamoto’s deal, Imai’s year-over-year improvement and relative youth were enough for the Astros to want him in their rotation.

Houston’s interest was not widely known, though it makes sense that they wanted another starting pitcher. Longtime ace Framber Valdez is currently a free agent. The team has had some discussions with Valdez’s camp, though the expectation is that he will sign elsewhere on a pricier contract. Hunter Brown was phenomenal in 2025, totaling 185 1/3 innings with a 2.43 ERA. That figure was third-best among qualified starters, trailing only Cy Young winners Paul Skenes and Tarik Skubal. He also posted an 85th-percentile strikeout rate and a 77th-percentile groundball rate. Altogether, he was worth 4.6 fWAR and finished third in AL Cy Young voting. He’ll return as the staff ace in 2026.

Behind Brown, the rotation looks shaky. Cristian Javier currently projects as the No. 2 starter. He owns a 3.66 ERA in 538 career innings, but he pitched just 71 2/3 innings from 2024-25 due to Tommy John surgery. In just 37 innings this year, Javier had a 4.62 ERA with a 21.7% strikeout rate and a 9.6% walk rate. He is under contract through 2027. Meanwhile, Lance McCullers Jr. has had his own injury troubles, pitching just 103 innings in the past four years and missing 2023-24 entirely. Even if he performs well in 2026, the team will monitor his workload carefully. The recently-acquired Mike Burrows will play some role. He had a 3.94 ERA in 96 innings this year with an impressive 16.4% K-BB rate, though his overall track record is fairly minimal.

The addition of Imai gives the Astros a durable No. 2 or 3 starter at an affordable rate. It remains to be seen how his strikeout and groundball potential will translate against major-league hitting, though the club is surely hoping he can maintain his performance from Japan. The signing brings the Astros’ projected payroll to $242MM, according to RosterResource. The club was a second-time luxury tax payor this year and is hoping to avoid paying it for a third time. The first luxury tax threshold for 2026 is $244MM, so the club will likely need to shed payroll if it wants to add to other areas of the roster.

With Imai now off the board, any clubs in need of a starter will need to look elsewhere. Dylan Cease was the top free agent pitcher entering the offseason and has since signed with the Blue Jays. Valdez, Ranger Suarez, Zac Gallen, Chris Bassitt, and Lucas Giolito are still available in free agency. Valdez and Suarez are front-of-the-rotation options, while Gallen, Bassitt and Giolito are cheaper, mid-rotation arms.

Jon Heyman of The New York Post first reported the Astros and Imai had agreed to a deal. ESPN’s Jesse Rogers was first on the three-year term with opt-outs after the first two seasons. Heyman reported the $54MM guarantee and $9MM in escalators at 80-100 innings, while Ronald Blum of The Associated Press was first on the signing bonus and specific escalator breakdown.

Cubs Notes: Imai, Okamoto

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Tatsuya Imai came off the board this afternoon. He agreed to terms with the Astros on a three-year, $54MM guarantee with opt-outs after the first two seasons. It was both a surprise landing spot and contract, as the NPB right-hander had generally been expected to pull a nine-figure deal that probably would have priced him out of Houston.

The Cubs were among the teams most commonly speculated as a fit for Imai over his 45-day posting window. Sahadev Sharma and Patrick Mooney of The Athletic wrote last month that Chicago was involved but reluctant to make a long-term commitment that valued him as a top-of-the-rotation arm. The rest of the market evidently shared that trepidation.

Mark Feinsand of MLB.com writes that the Cubs appear to have been the top competition to Houston by the end of the signing period. Both Feinsand and Jon Heyman of The New York Post suggest that neither the Yankees nor Mets were heavily involved. The Yankees may be more focused on the lineup — they reportedly have an offer out to Cody Bellinger — while previous reporting has indicated the Mets aren’t eager to make a long-term investment in a free agent starter. Imai apparently was not going to be an exception, as Feinsand writes that the Mets weren’t convinced he’d be a top-of-the-rotation starter.

An upper mid-rotation starter has been the Cubs’ biggest need all offseason. They’ve yet to make any moves in the rotation aside from declining their option on and then retaining Shota Imanaga via the qualifying offer. They’re still lacking a high-end complement to Cade Horton at the top of the staff, at least until Justin Steele returns from April’s elbow surgery.

Imanaga had a terrible final few weeks as his home run rate spiked. Matthew Boyd was excellent in the first half but appeared to wear down as the season went along. His 179 2/3 innings pitched were 101 more than he’d thrown in any MLB season since 2019. Boyd took a 2.34 earned run average into the All-Star Break but allowed a 4.63 mark over his final 12 appearances. His strikeout rate dropped more than four percentage points in the second half. He’s headed into his age-35 season. Jameson Taillon, Colin Rea and Javier Assad profile as back-end or swing options.

The Cubs could still pursue any of Framber Valdez, Ranger Suárez or Zac Gallen if they want to add a starter via free agency. Teams have set significant asking prices in talks involving starting pitching, though the likes of MacKenzie Gore or Kris Bubic remain trade candidates.

RosterResource calculates Chicago’s luxury tax projection around $210MM. That leaves them almost $35MM below the base threshold and $21MM shy of their season-ending mark from 2025. They should have some payroll flexibility. If they don’t like the value on any available starting pitchers, they could potentially turn their attention to the offense as a way to replace some of the production lost from Kyle Tucker (whom they’re not expected to re-sign).

The Cubs have been loosely linked to third basemen, in particular. Reports have tied them to Alex Bregman and Eugenio Suárez, though president of baseball operations Jed Hoyer gave a firm vote of confidence to in-house third baseman Matt Shaw. This evening, Heyman listed the Cubs among a number of teams that have shown some interest in NPB star Kazuma Okamoto. The right-handed hitting corner infielder has until Sunday afternoon to sign.

Okamoto has been also been tied to the Padres, Pirates, Blue Jays, Red Sox and Angels this offseason. Most of those teams make more sense as landing spots than the Cubs, who have Shaw and Michael Busch at the corners. Plugging Okamoto in at designated hitter would block the path to at-bats for young hitters Moisés Ballesteros and Owen Caissie. Okamoto could take at-bats against lefty pitching from Busch but would have a cleaner path to everyday playing time with a team like Pittsburgh (at third base) or San Diego (at first base).

Yankees Have Reportedly Made Offer To Cody Bellinger

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The Yankees made a formal contract offer to Cody Bellinger this week, reports Jon Heyman of The New York Post. Specifics of the proposal aren’t known.

General manager Brian Cashman has made no secret of the team’s desire to keep Bellinger. The former MVP’s first year in the Bronx was excellent. He hit .272/.334/.480 with 29 home runs, his most in a season since 2019. Bellinger’s bat played very well at Yankee Stadium, where he put up a .302/.365/.544 line with 18 longballs.

New York acquired Bellinger from the Cubs last winter in what amounted to a salary dump. They parted with journeyman righty Cody Poteet while assuming all but $5MM of the remaining two years and $52.5MM on Bellinger’s contract. As he ended up opting out, the Yankees paid $27.5MM for that excellent year. It might require a five- or six-year commitment to bring him back as he enters his age-30 season.

The Yankees have had a quiet first couple months of the offseason. Their only move of significance was issuing the qualifying offer to Trent Grisham. He surprisingly accepted and is back in center field on a one-year deal at $22.025MM. Bellinger was ineligible to receive the QO after getting one from the Cubs over the 2023-24 offseason.

Grisham’s salary accounts for the majority of the $29.025MM they’ve spent in free agency so far. The remaining $7MM has been divided among a trio of one-year deals to bring back Paul Blackburn, Amed Rosario and Ryan Yarbrough. Their only MLB acquisition from outside the organization has been Rule 5 pick Cade Winquest.

That certainly won’t be the Yankees’ entire offseason. They presumably expected Bellinger’s free agency to carry well into the winter. The top two free agent hitters, Kyle Tucker and Bo Bichette, each make sense on paper if Bellinger heads elsewhere. Signing one of Tucker or Bellinger would allow them to rotate their outfielders through the designated hitter spot if Giancarlo Stanton spends any time on the injured list. Bellinger could spell Ben Rice at first base and/or take playing time in left field from Jasson Domínguez, who still has a pair of options remaining.

An outfielder isn’t an absolute necessity, but it’s probably the cleanest path to adding an impact position player. Shortstop would be the primary alternative. Bichette is the only real solution there and faces questions about his defensive fit. He could be an option to handle shortstop for a season and move over to second base once Jazz Chisholm Jr. hits free agency a year from now. The Yankees have reportedly made Chisholm available in trade conversations, but that’d swap out one of their better all-around position players in the process.

The other option would be to make a rotation splash with Gerrit Cole, Carlos Rodón and Clarke Schmidt opening the season on the injured list. Framber Valdez, Ranger Suárez and Zac Gallen are the best remaining free agent starters now that NPB righty Tatsuya Imai is off the board on a three-year deal with Houston. The Yankees were one of the teams linked to Imai when he was a free agent, but both Heyman and Mark Feinsand of MLB.com wrote after the signing that the Yanks were not seriously involved in the bidding.

RosterResource projects the Yankees for a $286MM luxury tax number. Owner Hal Steinbrenner has spoken generally about a desire to stay below the $300MM mark in the past, though Cashman suggested in November that’s not a firm limit this offseason. The Yankees had a $320MM luxury tax payroll at the end of the 2025 season.

The Best Fits For Tatsuya Imai

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Decision time nears for Japanese right-hander Tatsuya Imai. He needs to finalize a contract with an MLB team by Friday at 4:00 pm Central if he's to make the move stateside this year. There's no indication that he's considering sticking with the Seibu Lions, meaning an agreement should be imminent. While there's a little over 48 hours to make the deal official, Imai must agree to terms with enough margin to complete a standard physical.

The 27-year-old (28 in May) is conducting in-person meetings with interested teams in Los Angeles this week. The 5’11” righty has been one of Japan’s best pitchers over the past two seasons. He’s coming off a 1.92 ERA showing with 178 strikeouts across 163 2/3 innings. Imai has an NPB-best 27% strikeout rate since the start of 2024. He sits in the mid-90s with a promising slider. Command was an issue earlier in his career, but his strike-throwing has progressed as he has gained experience. This past season’s 7% walk rate was a personal low and better than the MLB average.

Whichever team that signs Imai will owe a release fee to the Lions. That’s proportional to the contract value: 20% of the first $25MM, 17.5% of the next $25MM, and 15% of all further spending. Imai isn't expected to come close to the $325MM deal that Yoshinobu Yamamoto commanded two offseasons ago. He's a few years older and simply not as good. Yet it's generally believed that he'll command a nine-figure guarantee, perhaps into the $150MM range, from a team that feels he's a mid-rotation arm.

Which clubs are best positioned to make that investment? Salary projections are courtesy of RosterResource.

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Tatsuya Imai Meeting With Teams In Advance of Friday’s Signing Deadline

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The next couple days will see at least two big-ticket free agents come off the board. Japanese stars Tatsuya Imai and Kazuma Okamoto are nearing the end of their respective 45-day posting windows. Imai has until Friday at 4:00 pm Central to sign; Okamoto’s contract must be finalized by the same time on Sunday.

Reporting out of Japan over the weekend revealed that Okamoto was traveling to the U.S. for a final round of in-person meetings. Imai is evidently doing the same. Katie Woo and Will Sammon of The Athletic wrote last night that Imai had spoken with multiple teams and would continue to do so throughout the week. Mark Feinsand of MLB.com relays that Imai and Okamoto — both of whom are represented by the Boras Corporation — are conducting in-person interviews in Los Angeles (link via MLB.com’s Brian Murphy). Scott Boras is based out of Southern California, so the location of the meetings shouldn’t be viewed as an indication that the Dodgers or Angels are favorites.

Imai has been publicly tied to the Yankees, Mets, Cubs, Phillies and Orioles since his posting period began. While a recent Yahoo! Japan article listed the White Sox as another possibility, MLB.com’s report downplays the likelihood of the White Sox landing the right-hander. Chicago shockingly added Munetaka Murakami last week, but that only came after the slugger’s market cratered because of concerns about his strikeout rate. Murakami wound up settling for a two-year, $34MM contract. Imai is expected to do far better given the cost of high-upside starting pitching.

The 5’11” righty has been one of Japan’s best pitchers over the past two seasons. He’s coming off a 1.92 ERA showing with 178 strikeouts across 163 2/3 innings. Imai has an NPB-best 27% strikeout rate since the start of 2024. He sits in the mid-90s with a promising slider. Command was an issue earlier in his career, but his strike-throwing has progressed as he has gained experience. This past season’s 7% walk rate was a personal low and better than the MLB average.

Imai is headed into his age-28 season. His contract needs to be finalized by Friday, so it’s likely he’ll agree to terms by tomorrow or Thursday. That’d leave time for a standard physical. The team that signs him will owe a posting fee to the Seibu Lions. That’s proportional to the contract value: 20% of the first $25MM, 17.5% of the next $25MM, and 15% of all further spending.

Mets “Reluctant” To Make Long-Term Offers For Free Agent Starters

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While it’s no secret that addressing the top of the rotation is a priority for the Mets this winter, Will Sammon of The Athletic reports that the Mets are hesitant to make long-term offers to the top starters available in free agency this winter. Sammon adds that each of Framber Valdez, Tatsuya Imai, and Ranger Suarez would “hold some appeal” to the Mets on shorter-term deals.

At this point, it seems unlikely any of those pitchers will need to settle for something short-term. MLBTR predicted both Valdez and Imai to land six-year deals worth $150MM in free agency this winter as the offseason’s #6 and #7 free agents. Meanwhile, Suarez clocked in at #10 on MLBTR’s Top 50 MLB Free Agents list and was predicted for a five-year deal worth $115MM. Right-hander Dylan Cease jumped the market to sign a seven-year deal with the Blue Jays late last month. His $210MM guarantee exceeds the seven-year, $189MM guarantee MLBTR predicted for the right-hander, although that deal does include deferred money that lowers the net present value of the deal a bit.

Even with that deferred money, however, Cease’s seven-year pact is hardly a troublesome omen for Valdez, Imai, and Suarez. Imai in particular won’t celebrate his 28th birthday until May and that youth figures to help him land a long-term deal this winter. Of course, free agency can be unpredictable. While the trend of short-term deals with opt outs have been more common for position players (Carlos Correa, Cody Bellinger, Matt Chapman, Pete Alonso) than pitchers in recent years, a few hurlers have found an unexpectedly soft market as well. Jack Flaherty was widely expected to land a long-term deal in free agency last offseason but ended up signing for just two years with the Tigers. Two offseasons ago, Blake Snell was viewed as a shoo-in for a six-year deal but wound up signing with the Giants on a short-term, opt-out laden pact.

Perhaps the Mets are willing to be patient on the free agent market to see if another high-end starter falls through the cracks like Snell did during the 2023-24 offseason. Another option would be to move a tier down in free agency to sign a short-term deal with a player who has still shown front-of-the-rotation upside. Michael King is viewed as being a potential top-of-the-rotation arm whose years will be limited coming off an injury-marred season, and the Mets are among the teams with known interest. Sammon floats Zac Gallen and Merrill Kelly as other possibilities, either of whom would be plausible fits. Kelly turned in a 3.52 ERA in 32 starts last year, but will be forced to stay short-term by the fact that he’ll play next season at the age of 37. Gallen has shown ace-level upside in the past and is only 30, but enters free agency coming off the worst season of his career.

Another option for the Mets would be to keep tabs on the trade market. Sammon notes that Pirates right-hander Mitch Keller is someone that New York would “likely” view as an upgrade to their internal rotation options, to say nothing of more established front-end options like Freddy Peralta or higher upside players like MacKenzie Gore and Edward Cabrera. Keller will make $54.5MM over the next three seasons, while Gore and Cabrera are controlled via arbitration through 2027 and ’28 respectively. Peralta (as well as ace lefty Tarik Skubal, should the Tigers make him available) would only be controlled for one season before they would hit free agency and surely seek the sort of long-term deals the Mets are looking to avoid.

Speculatively speaking, that could make a controllable starter like Keller, Gore, or Cabrera and ideal fit for the Mets. The club already appears motivated to make moves on the trade market this winter, with Kodai Senga and Jeff McNeil among the club’s rumored trade candidates. In addition to those veteran names, the Mets have a number of young infielders (Brett Baty, Mark Vientos, Luisangel Acuna, and Ronny Mauricio) who could be made available in the right deal. For a team like the Pirates or Marlins looking to add help on offense, any of those names would surely be attractive pieces to bring into the fold.

Of course, there’s no guarantee that a significant number of starting pitchers move on the trade market this winter. If a run on starting pitching begins in free agency while the Mets are focused on the trade market, the club could find that the patient approach it took backfired and left them without a true front-end talent to pursue—or that they had to pay a premium to land one of the last arms remaining on the market. It’s a difficult needle the Mets will have to thread if they want to land a front-end arm on a shorter-term arrangement, and fans are surely hoping they’ll do a better job of doing so than they did with last winter’s disappointing deals for Sean Manaea, Clay Holmes, and Frankie Montas. Of that trio, only Holmes managed to stick in the rotation by the end of the year.

Cubs, Phillies, Yankees Among Teams Interested In Tatsuya Imai

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The Seibu Lions of Japan’s Nippon Professional Baseball posted ace Tatsuya Imai for major league teams back on Nov. 19. The flamethrowing 27-year-old has until Jan. 2 to negotiate a deal with interested MLB clubs. The Mets, Cubs and Orioles have each been linked to the right-hander so far. The Cubs, in particular, are expected to be a “strong” player in Imai’s market, per Bruce Levine of 670 The Score. They also made an offer to Dylan Cease before the former Cy Young runner-up (and former Cubs draftee) signed with the Blue Jays last week, according to Levine.

Jon Heyman of the New York Post adds the Phillies and Yankees as another pair of teams in the running for Imai. He adds that Imai’s camp could schedule in-person visits with interested teams following next week’s Winter Meetings — if he hasn’t already agreed to a deal by that point.

The Cubs make a sensible fit for Imai, even after countryman Shota Imanaga accepted Chicago’s $22.025MM qualifying offer, opting to forgo free agency in the process. Manager Craig Counsell’s rotation currently includes Imanaga, Cade Horton, Matthew Boyd, Jameson Taillon and Colin Rea. Ace Justin Steele is still on the mend from UCL surgery performed last April. He won’t be ready for Opening Day. Javier Assad and Ben Brown could both factor in, too, but both have bullpen experience and minor league options remaining.

Chicago’s interest in bolstering the rotation is well-known. Even after Imanaga opted to return, the Cubs have reportedly been seeking a playoff-caliber starter to add to the top portion of their staff. Imai isn’t necessarily a slam-dunk to fit that description, but his electric stuff and recent performance in NPB suggest he has that ceiling.

Imai, who’ll turn 28 next May, has posted a sub-3.00 ERA in each of the past four NPB seasons — headlined by a career-low 1.92 mark in 163 innings in 2025. Along the way, he’s steadily increased his strikeout rate while at the same time lowering his walk rate. Those improvements culminated in last year’s dominant season, wherein Imai punched out 27.8% of the batters he faced and cut his walk rate to a tidy 7%. He’s one of NPB’s hardest throwers, topping out around 99 mph and sitting more comfortably in the mid-90s. Imai complements that pitch with a slider, splitter and changeup.

Signing Imai would push Rea back into his familiar swingman role and could even create a logjam if everyone is healthy once Steele finishes off his rehab from surgery. That’s wishful thinking, however, given the proliferation of pitching injuries throughout the sport. And if the Cubs do manage to have a full contingent of healthy rotation arms at that point, it’d fall under the “good problem to have” cliche. A playoff rotation including a healthy Steele, Horton and Imai could be formidable.

The Phillies, meanwhile, haven’t been big players in free agency for pitchers — at least not to the extent they have with hitters — outside of retaining homegrown Aaron Nola on a seven-year contract. However, that decision is now one of many contributing to a far shakier outlook than we’re used to seeing with the Philadelphia rotation.

Left-hander Cristopher Sanchez broke out as a top-tier arm with this year’s runner-up finish in Cy Young voting, but the rest of the staff has more questions and/or dwindling club control. Ranger Suarez is already a free agent. Zack Wheeler underwent thoracic outlet surgery late in the season. He’s owed $84MM over the next two seasons. Nola struggled to the worst extent of his career, posting an ERA north of 6.00 in 2025. Jesus Luzardo is a quality mid-rotation arm but will be a free agent next winter. Taijuan Walker is also entering the final season of a four-year deal. He rebounded to an extent in 2025, but the first two seasons of that $72MM pact were a disaster. Andrew Painter has long been one of the game’s top pitching prospects, but he was hit hard in Triple-A during his return from 2024 Tommy John surgery.

Obviously, the Phillies already have a lot of money on the long-term books — but perhaps not to the extent some might think. Nola, Trea Turner and Bryce Harper are the only players signed beyond the 2027 season. A backloaded deal for Imai — likely one including at least one opt-out opportunity — could make his salary more manageable in years one and two. Those seasons would dovetail with the remaining years on the contracts of Wheeler (through 2027) as well as Walker (through 2026), Nick Castellanos (through ’26), Jose Alvarado (through ’26) and Matt Strahm (through ’26).

Signing Imai would give the Phillies another large contract on the books but also offers protection against a potentially thinned-out starting group come 2027. Luzardo and Walker are free agents at that point. Painter hasn’t pitched in the majors yet. It’s hard to know what to expect from Wheeler and Nola in 2026 — let alone 2027. Imai (or another multi-year rotation acquisition) could provide some protection, although he’s obviously an untested commodity himself (at least against MLB opposition).

On paper, the Yankees’ rotation need is the least acute of this group. Gerrit Cole could be back relatively early in 2026. Max Fried was dominant in his first season in Yankee Pinstripes. Carlos Rodon was outstanding in 33 starts. Luis Gil, Cam Schlittler and Will Warren are all impressive-looking young starters. Clarke Schmidt could be back late in the season after July Tommy John surgery.

The Yankees already have three pitchers on contracts valued at $162MM or more. Imai would very likely require a fourth commitment of over $100MM and do so at a time when the team is facing questions in the infield and in the outfield. If the Yankees believe Imai can pitch at or near the top of a major league rotation, however, they could sign him and use some of their young pitching and/or prospect depth to make compelling offers for bats on the trade market. It’s a thin offseason with regard to free-agent hitters, after all.

Whoever signs Imai will need to do so within the next four weeks. His posting window closes Jan. 2. The team to sign him will also owe a separate release fee to the Lions in NPB. That fee will equal 20% of the contract’s first $25MM, plus 17.5% of the next $25MM and 15% of any guaranteed money thereafter. Additional earnings unlocked via incentives, escalators and club option years would also be subject to that 15% rate once they become guaranteed.

Giants Focusing More On “Modestly Priced” Pitchers

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Giants team chairman Greg Johnson and general manager Zack Minasian have each downplayed the idea that the team will be pursuing long-term (and therefore more pricier) pitching signings this offseason, due to both the risk associated with such contracts and the number of lengthy and expensive contracts already on San Francisco’s books.  As such, it probably isn’t a big surprise that “a lot of their market pitching inquiries have been for more modestly priced arms,” according to ESPN’s Buster Olney.

The context of Olney’s report comes in the context of speculation that the Giants could be a suitor for Tatsuya Imai, as it would seem the Giants might not be willing to meet Imai’s asking price.  There is a widespread belief that Imai’s eventual contract will run deep into the nine figures — MLB Trade Rumors projects a six-year, $150MM deal for Imai, who ranked seventh on our list of the offseason’s top 50 free agents.

If the Giants were going to make a longer-term commitment to a pitcher, Imai might fit the bill given his relative youth (he doesn’t turn 28 until May) and naturally his excellent track record in Nippon Professional Baseball.  Imai’s recent interview on the Hodo Station show also caught the attention of Giants fans, as Imai suggested that while he’d enjoy playing with the Dodgers, “winning against a team like that and becoming a world champion would be the most valuable thing in my life.  If anything, I’d rather take them down.”

Still, Imai’s ability to carry his success over to Major League Baseball isn’t seen as a sure thing amongst evaluators.  If San Francisco was going to splurge on a top-end starter, spending big on a pitcher who’s more proven against MLB hitters would seem to carry more appeal to a Giants organization that wants to minimize risk in its rotation investments (that is, if the Giants decided to spend big on any pitcher at all).

While there’s no such thing as having too much frontline pitching, the Giants are already ahead of a lot of teams by having a clearcut ace in Logan Webb.  Robbie Ray also pitched well in 2025 after missing most of the 2023-24 seasons recovering from Tommy John surgery.  This duo gives the Giants two starters they can count on to take the ball in a playoff series, plus homegrown starter Landen Roupp also pitched well in his first extended taste of big league action in 2025.  However, there isn’t any proven depth beyond this group, making the rotation a priority for Buster Posey’s front office this winter.

If the Giants are primarily looking at second- or third-tier options, there’s still plenty of talent to be had amongst veteran arms who might be limited to shorter-term contracts based on their age alone.  Signing Justin Verlander to a one-year, $15MM deal last offseason worked out for the team, so re-signing Verlander or perhaps seeking out this winter’s version of a “Verlander contract” with another pitcher is more the Giants’ speed.  Inking at least one veteran to eat innings and stabilize at least one rotation spot would allow San Francisco’s younger pitchers some space to compete amongst themselves for a fifth starter’s role, and ideally one could emerge as Roupp did last year.

Though there’s some sound reasoning behind the Giants’ approach to starting pitching, the strategy probably isn’t going to sit well with Bay Area fans wondering why the team isn’t willing to spend at a higher level.  The Giants have exceeded the luxury tax threshold just once in the last eight seasons, as after paying a minimal tax bill in 2024, the club ducked back under the line again in 2025.  Johnson’s non-committal stance towards paying the tax or even exceeding $200MM in payroll space also doesn’t lend itself to the idea that San Francisco is planning anything truly substantial on the spending front this winter, and certainly not on the pitching side.

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