The Opener: Relief Market, Mets, MLBTR Chat
Here are three things for MLBTR readers to keep an eye on throughout the day:
1. Relief market buzzing:
Last night saw the Mets sign right-hander Devin Williams to a three-year, $51MM deal (with $15MM in deferrals). It’s the latest in a string of relief signings that also includes deals for Ryan Helsley, Raisel Iglesias, and Phil Maton. With three impact closers already off the board and a number of teams (including the Blue Jays, Dodgers, and Marlins) known to be looking for relief help this winter, that can only be good news for the remaining high-leverage relief arms on the market. Edwin Diaz remains at the front of the pack, with Robert Suarez, Pete Fairbanks, Emilio Pagan, and Kyle Finnegan among the many noteworthy bullpen arms still available on the market.
2. Mets land a big fish:
Last night’s Williams deal provides cover for the Mets if Diaz winds up signing elsewhere, though they’re also not ruling out a reunion with their star ninth-inning man. Regardless of what happens with Diaz, there’s plenty more work to be done for the Mets this winter. Pete Alonso needs to be re-signed or replaced on the infield, there are multiple holes in the outfield, and trade candidacies for players like Jeff McNeil and Kodai Senga have yet to be resolved. And that’s all before considering the Mets’ well-known desire to improve the front of their rotation this winter. It’s already been a busy offseason in Queens — the Mets also swapped out Brandon Nimmo for Marcus Semien — but president of baseball operations David Stearns shows no signs of slowing down yet.
3. MLBTR chat today:
The offseason is underway, and the hot stove is starting to sizzle. Five of MLBTR’s top 50 free agents have signed so far (in addition to the four who accepted qualifying offers), and the trade market has started buzzing early as Taylor Ward, Grayson Rodriguez, Marcus Semien, and Brandon Nimmo have all changed hands in the first few weeks of the offseason. Whether your team is looking to load up for a playoff run next year or rebuild for the future, MLBTR’s Steve Adams has you covered in a live chat at 11am CT later today. You can click here to ask a question in advance, join in live once the chat begins, or read the transcript once the chat is complete.
The Opener: Imai, Orioles, Red Sox
As the calendar flips to December here are three things we’ll be keeping an eye on around the baseball world:
1. Imai heading stateside:
Right-hander Tatsuya Imai is coming over from Nippon Professional Baseball to MLB this winter, and in doing so he’s made himself one of the top free agent starters available. The righty will be just 28 years old next season and is coming off a banner year in Japan, where he pitched to a 1.92 ERA across 163 2/3 innings of work. His combination of youth and a high-octane fastball should make him enticing to the majority of clubs hunting for rotation help this winter, and (as reported by Francys Romero of BeisbolFR) Imai is expected to come to the United States in the first few days of December to meet with MLB teams. An early-December deal can’t be entirely ruled out, though many NPB players wait until closer to the end of their posting window to make a decision; Imai’s posting window began on Nov. 19 and runs through Jan. 2.
2. What’s next for the Orioles after their first splash?
The Orioles will be without Felix Bautista next year, and as a result entered the offseason with a hole at the back of their bullpen. Baltimore wasted little time filling that vacancy, inking right-hander Ryan Helsley to a two-year, $28MM deal that gives Helsley an opt-out opportunity after the 2026 season. Helsley will slide into the closer role with his new club, joining righty Andrew Kittredge and lefty Keegan Akin as late-inning options. Helsley and outfielder Taylor Ward are both notable additions to the Orioles’ roster, but their biggest need remains unaddressed. The club floundered last year without Corbin Burnes leading the rotation, and at least one front-end arm to pair with Kyle Bradish and Trevor Rogers seems necessary if the O’s hope to get back into contention in 2026.
3. Red Sox facing a tight budget?
The Red Sox have been connected to a lot of free agency’s top bats after strengthening the rotation with their Sonny Gray acquisition. Reports have indicated that the club is not only in on the likes of Kyle Schwarber, Pete Alonso, and Alex Bregman but also interested in signing multiple well-regarded free agent bats. Despite all of that buzz, however, financial realities could make that difficult. Reporting over the weekend suggests that the team might not be willing to spend much farther than the first luxury tax threshold this winter, which would leave them with a roughly similar payroll to 2025. Barring a change of heart from ownership, chief baseball officer Craig Breslow will either need to use the trade market to add some lower-cost bats and/or shed some salary via trade. Boston is currently about $21MM shy of the first tax threshold, per RosterResource.
The Opener: Brewers Payroll, Big Bats In Boston, Orioles Pitching
As you pick through the Thanksgiving leftovers, here are a few things to monitor on Friday…
1. Financial constraints in Milwaukee
Will Sammon, Ken Rosenthal, and Katie Woo of The Athletic dropped a report yesterday about Milwaukee’s payroll concerns heading into next season. The trio wondered if financial challenges could lead to a Freddy Peralta deal. The right-hander is in the final year of his contract and is slated to make $8MM next season. Brandon Woodruff‘s acceptance of the qualifying offer gives the Brewers another option in the rotation if they move Peralta, though both Brewers owner Mark Attanasio and president of baseball operations Matt Arnold described Woodruff’s return and a potential Peralta trade as “independent decisions.” There have been several instances of Milwaukee trading star players before they hit free agency, including Josh Hader, Corbin Burnes, and Devin Williams.
2. Red Sox eyeing Alonso, Okamoto
We knew Boston was looking for more thump in the middle of the order, as chief baseball officer Craig Breslow said as much earlier this month. Jon Heyman of the New York Post linked the team to Pete Alonso and Kazuma Okamoto on Thursday. Alonso has been one of the premier home run hitters in the league since his 2019 debut, leaving the yard at least 34 times in each full season of his career (excluding the shortened 2020 campaign). Alonso signed a two-year deal to return to the Mets last offseason. He opted out of the second year of the pact in early November. Okamoto has delivered solid power contributions in the NPB since 2018. The Yomiuri Giants posted him last week. The addition of either Alonso or Okamoto, who are both corner infielders, could make a Triston Casas trade more likely.
3. Orioles looking at top starters
Heyman also reported that Baltimore is keeping tabs on Framber Valdez and Tatsuya Imai at the highest tier of the free agent starting pitching market. Dylan Cease was also on the list, but he signed with AL East rival Toronto. Heyman mentioned Michael King and Zac Gallen as fallback options for the Orioles. The club sent Grayson Rodriguez to the Angels for Taylor Ward, further thinning a starting rotation that already had depth concerns. Trevor Rogers and Kyle Bradish will headline the staff heading into 2026, but beyond innings-eater Dean Kremer, the unit has plenty of question marks. Some kind of addition, even in the Gallen range, seems like a decent possibility.
Photo courtesy of Jim Rassol, Imagn Images
The Opener: Cease Signs, Rox Set With Schaeffer, Rendon Retirement
Happy Thanksgiving to MLBTR’s readers in the United States, and for our non-American readers….uh, happy Thursday? Here are three things we’re keeping an eye on besides the turkey in the oven….
1. Blue Jays land Dylan Cease:
The reigning AL champs made the priciest free agent signing in team history yesterday, as reports indicated that Toronto inked Dylan Cease to a seven-year, $210MM contract. The contract will be finalized once Cease passes a physical, and while it’s just a matter of time before we get the official announcement, it’s possible things could be delayed a few days simply due to the Thanksgiving weekend. As it stands, the Jays seem to have already finished up their rotation shopping pretty early in the offseason, between the Cease signing and Shane Bieber’s surprising decision to exercise his player option to remain in Toronto through the 2026 campaign. With the starting pitching mix potentially settled already, the Blue Jays can now turn their attention to re-signing Bo Bichette or adding another big bat to their lineup. For the rest of the league, Cease’s decision removes a top-tier arm from the board, so pitching-needy teams will have to turn their attention to other starters in free agency or on the trade market.
2. Rockies re-introduce Warren Schaeffer:
After operating as Colorado’s interim manager for most of the 2025 season, Warren Schaeffer was named the club’s new full-time skipper. There hadn’t been much news about the Rockies’ managerial search because, in essence, one didn’t happen, as president of baseball operations Paul DePodesta explained at a press conference yesterday. DePodesta told the Denver Post’s Patrick Saunders and other reporters that he informally looked into some other candidates but “ultimately, I didn’t feel the need to interview anybody else,” as “I would say, even a week in….it became pretty clear to me that [Schaeffer] was a good direction to go.” This won’t exactly calm the fears of Rockies worried that the team is still going to be operating in an insular fashion, even though DePodestra is an entirely fresh face as the new head of the front office. Still, Schaeffer received praise for how he handled stepping into a rough situation last season, and his 36-86 record is obviously far more a reflection on Colorado’s dismal roster than on Schaeffer’s work in his first season as a big league manager.
3. The Anthony Rendon era nears an end in Anaheim:
Anthony Rendon’s MLB career may be officially over after 12 seasons, as the oft-injured third baseman is reportedly discussing a buyout plan with the Angels heading into the final year of his contract. Presumably the $38MM owed to Rendon in 2026 would instead be paid out in deferred fashion over several years, giving the Angels some more short-term spending ability. Rendon’s seven-year, $245MM deal signed in December 2019 will go down as a complete bust, as Rendon ended up playing in only 257 games over the life of the contract due to a wide variety of injuries, including a hip surgery that cost him the entire 2025 season.
The Opener: Cardinals, Red Sox, Pre-Thanksgiving Deals
Here are three things we’ll be keeping an eye on around the baseball world today:
1. Cardinals’ rebuild in full swing:
The first shot of St. Louis’s rebuild was fired yesterday when the club traded right-hander Sonny Gray (and $20MM cash) to the Red Sox for right-hander Richard Fitts, left-hander Brandon Clarke, and a player to be named later or cash. The return restocks the club’s pitching coffers, which the Cardinals haven’t been shy about making a goal of this winter. There’s plenty of additional work for the club to do even with half of Gray’s money off the books, however. The team still hopes to trade Nolan Arenado, and a host of young left-handed bats (led by Brendan Donovan) are known to be available as well. Less clear is the status of Willson Contreras, who would certainly be a logical trade candidate but has indicated a preference to stay in St. Louis.
2. What’s next for the Red Sox?
Entering the offseason, the Red Sox made it clear that a top priority for the club was to add a front-of-the-rotation arm to pair with Garrett Crochet and slot in ahead of Brayan Bello. They arguably did that with the Gray trade, as the veteran was a second-place Cy Young finisher as recently as 2023 in Minnesota. However, Gray hasn’t pitched at that same level in 2024-25, so it’s debatable whether he truly accomplishes this goal. Regardless, it seems that Boston will be turning its attention to bolstering the offense for the time being. That could come in a lot of different forms. Alex Bregman, Pete Alonso, and even Kyle Schwarber have been frequently linked to the Red Sox this offseason, and there’s been some reporting that they’re looking at J.T. Realmuto as well. Outside of free agency, the club has yet to trade from its glut of left-handed outfield talent, and Boston also has plenty of MLB-ready pitching to dangle (and even fewer innings for those young arms after adding Gray).
3. Will more pre-Thanksgiving deals shake loose?
While deals on Thanksgiving itself are somewhat rare, the days leading up to the holiday often create a bit of a rush of activity as players and teams look to push some deals across the finish line prior to holiday festivities. We’ve already seen some major trades between yesterday’s Gray deal and the weekend’s swap of Brandon Nimmo and Marcus Semien. Phil Maton and Jake Fraley have both wrapped up free-agent deals within the past couple days, with the former headed to the Cubs and the latter signing back with Tampa Bay just days after being non-tendered.
Last year, we saw both Blake Snell and Yusei Kikuchi sign within 48 hours of Thanksgiving (as you can see using MLBTR’s Contract Tracker). The year prior, each of Aaron Nola, Lance Lynn, Kyle Gibson and Reynaldo Lopez closed free agent deals in in the days leading up to the holiday. In 2022, the Hunter Renfroe trade between the Angels and Brewers came together the day prior to Thanksgiving. Another deal or two on either the trade or free agent market could come to fruition before tomorrow.
The Opener: Marlins, Rockies, MLBTR Chat
Here are three things for MLBTR readers to keep an eye on today:
1. Marlins looking to spend?
As the Marlins look to avoid a potential grievance, they could be looking to spend more than they usually would in the offseason. It’s a situation not unlike the one that led the A’s to sign Luis Severino and Jose Leclerc, extend Brent Rooker and Lawrence Butler, and trade for Jeffrey Springs last winter. So far, the Marlins have been connected to high-end relievers such as Devin Williams and even a qualified free agent in right-hander Michael King. As far as extension talks go, it’s been reported that the club spoke with outfielder Kyle Stowers about a potential contract, though they faced a gap that appears insurmountable for the time being. While a Stowers extension seems unlikely for the time being, perhaps the club could explore talks with another player on the roster like Eury Perez, Xavier Edwards or Jakob Marsee.
2. Rockies personnel shuffle:
Yesterday, it was announced that Warren Schaeffer would have the “interim” tag removed from his title and officially become the next Rockies manager after signing a multi-year deal under newly-minted president of baseball operations Paul DePodesta. That completes the most significant overhaul Rockies’ leadership has seen in quite some time. GM Bill Schmidt was fired at season’s end, assistant GM Zack Rosenthal left the team shortly thereafter, and manager Bud Black was dismissed back in May. Now that Schaeffer is in place, he’ll have the opportunity to remake his coaching staff as he sees fit in a way he wasn’t able to after taking over for Black midway through the 2025 campaign. The Rockies will now join a host of other teams looking to fill out their coaching staffs this winter after nearly a third of the league shook things up in the dugout this year. DePodesta will also likely bring in some new faces to build out his front office as well; there’ll be plenty of new faces arriving in Denver over the next few weeks.
3. MLBTR chat today:
The offseason is underway, and the hot stove is starting to sizzle. Two of MLBTR’s top 50 free agents have signed so far (in addition to the four who accepted qualifying offers), and the trade market has started buzzing early as Taylor Ward, Grayson Rodriguez, Marcus Semien, and Brandon Nimmo have all changed hands in the first few weeks of the offseason. Whether your team is looking to load up for a playoff run next year or rebuild for the future, MLBTR’s Steve Adams has you covered in a live chat at 1pm CT later today. You can click here to ask a question in advance, join in live once the chat begins, or read the transcript once the chat is complete.
The Opener: Mets, Rangers, Maton
Here are three things we’ll be keeping an eye on around the baseball world as we head into the week:
1. What’s next for the Rangers?
A surprising swap of big names on large contracts happened yesterday, as the Rangers sent second baseman Marcus Semien to the Mets in exchange for Brandon Nimmo. From the Rangers’ perspective, the deal allows them to re-imagine their lineup and replace non-tendered corner outfielder Adolis Garcia while still staying in line with their goals to cut payroll this year. While Nimmo is on the books for five years as opposed to Semien’s three, he’ll actually cost about $4.75MM less per year for luxury tax purposes after factoring in the cash New York sent alongside Texas’ new left fielder. With a luxury tax payroll that RosterResource now projects to land around just $191MM and Josh Smith free to take over at second base, the Rangers come out of this trade with the flexibility to perhaps even make another addition to the lineup or sign some bullpen help while still cutting payroll substantially from last year. It’s unclear what exact level ownership is comfortable spending to this year.
2. Mets’ infield logjam grows bigger:
The Semien-Nimmo trade is a bit more complicated from the Mets’ end. With Nimmo headed to the Rangers, the Mets now have Juan Soto as their only locked in regular in the outfield for the 2026 season. By contrast, they’re flush with infield options after adding Semien to a group that already included Brett Baty, Mark Vientos, Luisangel Acuna, and Ronny Mauricio. Semien and Francisco Lindor figure to handle regular reps up the middle, which would leave just two spots on the infield for those four youngsters. A Pete Alonso reunion would further cut into those opportunities. Also displaced by the deal is Jeff McNeil, who could move into the outfield if necessary but was already the subject of trade rumors even before this deal.
The Mets could move any of those infielders as they look for help in the rotation or bullpen. It’s also worth noting that one of the game’s perennial top spenders now has a corner outfield vacancy and less money on the long-term books when the market’s top free agent is corner outfielder Kyle Tucker.
3. Maton signing not yet official:
The Cubs agreed to terms with right-hander Phil Maton on a two-year deal Friday night, though that signing has not yet been finalized. Maton’s deal is pending a physical, and financial specifics are not yet known. The Cubs have been reluctant to commit to relievers on multi-year deals in recent years, making the signing all the more notable. Chicago’s last multi-year free agent signing for a relief arm was the Craig Kimbrel contract all the way back in June of 2019. (They did make a strong offer to Tanner Scott last winter, though.) Is this a change in philosophy or merely a one-off? The Cubs have plenty of space on the 40-man roster, so a corresponding move will not be necessary when the Maton deal becomes official.
The Opener: Non-Tender Deadline, Trade Candidates, Posting Windows
Here are three things we’ll be keeping an eye on around the baseball world headed into the weekend:
1. Non-tender deadline arrives:
This evening, teams around baseball will need to decide whether to offer contracts to their arbitration- and pre-arbitration level players. Those who are non-tendered will head directly into free agency without being placed on waivers. Earlier this week, MLBTR’s Anthony Franco made a comprehensive list of players who could at least theoretically be at risk of a non-tender today, although the majority of them likely will not actually head into free agency.
Many will simply be tendered a contract by their team and go through the normal arbitration process, landing a salary around what MLBTR contributor Matt Swartz projected for them last month. Others could sign at a discount right away on a “pre-tender” deal to avoid arbitration, like Connor Wong did with the Red Sox yesterday. Still others could be traded to another team more interested in paying their arbitration price tag, which we saw when the Astros and Braves swapped arbitration-level players by sending Mauricio Dubon to Atlanta in exchange for Nick Allen.
2. Trade candidates ahead of tonight’s deadline:
As teams look to get something out of players they’re considering a non-tender for, a number of trades could be possible today. The Rangers have already been shopping outfielder Adolis Garcia and catcher Jonah Heim for days as they look to shed payroll, and a non-tender could be in the cards for either or both if a trade isn’t worked out. Meanwhile, some players who were designated for assignment earlier this week could be traded in the coming hours before their team would otherwise cut them and send them into free agency. JJ Bleday of the A’s, Ramon Urias of the Astros, and Christopher Morel of the Rays are among the players DFA’d earlier this week who could theoretically still be dealt if a team was interested in picking them up at their arbitration price tag.
3. Posting windows opening:
For players coming over from Nippon Professional Baseball in Japan or South Korea’s Korean Baseball Organization, free agency can be a much more abbreviated affair. Players posted by their NPB clubs for MLB teams have just a 45-day window to sign, while that same window is only 30 days for KBO players. NPB right-hander Tatsuya Imai‘s negotiating period began yesterday, and he’ll be followed today by both NPB infielder Kazuma Okamoto and righty Kona Takahashi according to ESPN’s Jeff Passan. Imai’s posting window will run through January 2, while Okamoto and Takahashi will both see their windows last through January 4. Top international power bat Munetaka Murakami‘s negotiating window began two weeks ago, and KBO infielder Sung-mun Song figures to be officially posted this weekend to kick of his own window.
The Opener: Braves, Trade Market, Relief Market
Here are three things we’ll be keeping an eye on around the baseball world throughout the day:
1. Braves getting down to business:
Braves president of baseball operations Alex Anthopoulos has long been known for his desire to move quickly during the offseason, and yesterday saw him kick off Atlanta’s offseason in a big way. The team re-signed closer Raisel Iglesias on a one-year deal worth $16MM and followed that move up by swinging a trade with the Astros for utilityman Mauricio Dubon. Iglesias helps to steady a bullpen mix that bid farewell to righties Tyler Kinley and Pierce Johnson when their club options were declined. Dubon gives the club a viable answer at shortstop should they fail to find an upgrade elsewhere and an excellent bench piece if he does wind up squeezed out of the starting lineup. In addition to further exploring the shortstop market, Atlanta will be on the hunt for rotation help and another reliever or two.
2. Trade market heating up?
The Dubon deal was the second notable trade in as many days, joining the surprise swap of Taylor Ward for Grayson Rodriguez between the Angels and Orioles. Neither Ward nor Rodriguez was a potential non-tender candidate, but Dubon and Nick Allen (whom the Astros acquired in exchange for Dubon) both might have been on their previous teams. MLBTR’s list of non-tender candidates released yesterday, and GMs around the league will surely be focused on trying to work out trades for any of their players who they don’t plan to tender a contract to tomorrow over the next day. Some notable trade candidates on that list include Jonah Heim, Adolis Garcia, Jonathan India, Alec Bohm, Jesus Sanchez, and Bailey Falter.
3. Could Iglesias spark more relief market movement?
Iglesias re-upping with the Braves wasn’t exactly a shocking move, given Atlanta’s proclivity towards familiar faces and a need for help at the back of a bullpen that lacked certainty outside of Dylan Lee and Aaron Bummer. Even so, there have been indications this winter that the market for relief arms could move more quickly than other parts of free agency. Iglesias is far from the only interesting name available in a market led by Edwin Diaz. Robert Suarez, Ryan Helsley, and Devin Williams are all notable names who should get strong contracts this winter, while Brad Keller, Pete Fairbanks, and Luke Weaver might lack that star power but would still be exciting additions to the back of virtually any bullpen. Who will be the next to sign?
The Opener: Orioles, DFA Limbo, Top 50 FA Podcast
Here are three things for MLBTR readers to keep an eye on today:
1. What’s next for the Orioles?
Last night’s surprising trade between the Orioles and Angels saw Baltimore bring Taylor Ward into the outfield mix, while Anaheim added a high upside arm to their rotation in Grayson Rodriguez. There’s little reason to wonder why the Angels swapped a rental bat for a roll of the dice on a young pitcher under long-term control who was once among the very best pitching prospects in baseball.
Baltimore’s motivations aren’t quite so easy to parse, given that the club’s outfield was already somewhat crowded with Ward now joining Tyler O’Neill, Colton Cowser, Dylan Beavers, Leody Taveras, Heston Kjerstad and prospect Enrique Bradfield. The trade helps balance out a lefty-heavy Orioles lineup, but Baltimore was already in clear need of additional rotation help. Might the addition of Ward signal that the O’s are prepared to use some of their existing outfield depth to help land a starter? Will they simply turn to the free agent market to fill out their starting staff?
2. Several players in DFA limbo ahead of non-tender deadline:
A large number of players were designated for assignment ahead of yesterday’s deadline to protect prospects from the Rule 5 draft. JJ Bleday, Christopher Morel, Jake Fraley, Tayler Saucedo, Jason Foley, and Ramon Urias stand out among the most notable names to end up in limbo after yesterday’s moves, and now those players figure to be available to any team interested in trading for them at a minimal price before their current teams likely non-tender them this coming Friday. Rangers outfielder Adolis Garcia and catcher Jonah Heim weren’t designated for assignment, but they’re being shopped ahead of Friday’s non-tender deadline. Will Texas line up on a deal for either of the two?
3. MLBTR’s Top 50 Free Agent podcast:
A special episode of the MLB Trade Rumors Podcast goes live today, as Darragh McDonald is joined by Tim Dierkes, Steve Adams, and Anthony Franco for a two-hour conversation covering MLBTR’s list of the Top 50 MLB Free Agents for the 2025-26 offseason with predictions. Whether it’s a discussion of Kyle Tucker and MLBTR’s $400MM prediction for the offseason’s top free agent, or the unpredictability of Dylan Cease‘s market coming off a relative down season, the podcast provides insight into the discussions that went into this year’s Top 50 list. The episode is already live on both Spotify and Apple Podcasts, and will be posted here on MLBTR later this morning!
