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The Rays are getting some bullpen help, acquiring right-handed reliever Bryan Baker from the Orioles in exchange for a 2025 Competitive Balance (Round A) draft selection, No. 37 overall. Both teams have announced the swap.

Baker adds a power arm with potent bat-missing ability to the Rays’ bullpen. The 30-year-old righty has pitched 38 1/3 innings for the Orioles this season and turned in a 3.52 ERA with an even more encouraging 32.5% strikeout rate and 6% walk rate. Baker sits 96.7 mph with his four-seamer, per Statcast, and he’s sporting a strong 13.1% swinging-strike rate on the season thanks in no small part to a changeup that’s graded out brilliantly thus far. Opponents are hitting just .154 and slugging a putrid .205 against Baker’s changeup.

This year’s numbers are skewed a bit by Baker’s outing just two days ago, when the Mets jumped him for four runs. He didn’t record an out and was tagged for a pair of home runs. Baker’s ERA ballooned from 2.58 all the way to its current 3.52 mark.

Baker has had some home run troubles (1.88 HR/9), but he’s also seen a fluky 20% of the fly-balls he’s allowed turn into home runs — well north of the 11.4% league average and nearly triple his career mark entering the season. Metrics like xFIP (2.78) and SIERA (2.37) — which normalize HR/FB to account for potential small-sample spikes like this — feel Baker has been vastly better than his earned run average would indicate. The Rays, presumably, are confident that the home run troubles will prove anomalous while Baker maintains his ability to miss bats and limit free passes.

In parts of four seasons with the O’s, Baker has a 3.73 ERA over the course of 176 1/3 innings. He currently boasts career-best marks in strikeout rate, walk rate, fastball velocity, swinging-strike rate and opponents’ chase rate. On top of that, he’s not yet into his arbitration years, having only amassed two-plus years of service time prior to 2025. He’ll cross the three-year mark this season and be eligible for arbitration for the first time this offseason. Tampa Bay can control him through the 2028 campaign.

Adding another reliever is typically a goal for all contending clubs, but it’s quite prudent for a Rays club that currently has Manuel Rodriguez (2.08 ERA in 30 1/3 innings) and Hunter Bigge (2.51 ERA dating back to last summer’s MLB debut) on the injured list at present. As noted just yesterday in our Trade Deadline Outlook on the Rays, Tampa Bay tends to prioritize under-the-radar pickups of just this sort of controllable reliever, as opposed to making plays for more obvious trade candidates with dwindling club control.

Baker has regularly worked in high-leverage spots for Baltimore this season. He’s tallied a pair of saves and 10 holds on the year already. He’ll now join a late-inning mix for the Rays, pairing with Garrett Cleavinger, Edwin Uceta and (once healthy) Rodriguez as a setup option for excellent closer Pete Fairbanks.

For the Orioles, they’ll add more firepower to what’s already a large draft pool. Draft picks awarded in Major League Baseball’s Competitive Balance lottery are the only picks eligible to be traded and may only be traded one time, so Baltimore will hang onto this pick and carry it into Sunday’s draft.

The Orioles, who gained compensatory picks at the end of the first round when Corbin Burnes and Anthony Santander signed elsewhere after declining qualifying offers, now have four of the first 37 selections in this year’s draft. In addition to that pair of comp picks, Baltimore also has a pick in Competitive Balance Round B (between the second and third rounds of the draft). That gives them a staggering seven picks in the first 93 selections of this year’s draft and a massive bonus pool worth more than $19MM — the largest of any team in MLB.

The O’s are selling Baker at close to peak value, but they won’t get any short-term help that could impact the team this year or next. Baltimore is 10 games under .500 and seven back of a Wild Card spot in the American League, so it’s not necessarily a shock to see them begin to sell off some big league pieces for future value. The question is whether this will end up as a one-off for now, with the O’s staying the course until closer to the deadline in hopes of a late surge back into the Wild Card chase, or whether this is the beginning of a larger sale.

Presumably, if the O’s ultimately end up trading off a larger slate of veteran players, they’ll begin to prioritize young talent that’s closer to MLB readiness. The O’s have rental players like Cedric Mullins, Ryan O’Hearn, Seranthony Dominguez, Tomoyuki Sugano, Gregory Soto, Charlie Morton and Zach Eflin, plus older veterans with reasonably priced 2026 club options like Andrew Kittredge and Ramon Laureano. General manager Mike Elias could field offers on that group while still keeping the core of Gunnar Henderson, Jordan Westburg, Colton Cowser, Adley Rutschman, Jackson Holliday and Grayson Rodriguez together in hopes of retooling for another run at contention in 2026. In that scenario, adding some young big leaguers or on-the-cusp prospects in Triple-A would be a sensible goal.

Robert Murray of FanSided first reported that Baker was being traded to the Rays. Ken Rosenthal of The Athletic first reported the return.