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Latest On Mariners’ Trade Targets

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This week’s trade sending Nolan Arenado from St. Louis to Arizona and the Cubs’ weekend signing of Alex Bregman figure to accelerate the market surrounding various trade and free agent scenarios. One club that could directly be impacted is the Mariners, who’ve spent the bulk of the winter trying to add another infielder after re-signing Josh Naylor on a five-year contract early in the offseason.

Seattle’s interest in Cardinals second baseman Brendan Donovan is no secret. They were linked to him last offseason and have been reported to be one of his most prominent suitors this winter. Jeff Jones of the Belleville News-Democrat reports that in addition to Donovan, the Mariners have had “ongoing” discussions with the Cardinals about left-handed reliever JoJo Romero throughout the winter. Seattle already added one southpaw arm for the bullpen, acquiring Jose A. Ferrer from the Nationals in December, and they have a second outstanding option in Gabe Speier, who enjoyed a breakout year in 2025 (and was just added to the Team USA roster for the upcoming World Baseball Classic).

Adam Jude of the Seattle Times reports that Donovan is the Mariners’ top target on the trade market but adds that the M’s also have interest in Cubs second baseman Nico Hoerner. The veteran Hoerner’s name has come up in trade speculation since the Bregman signing, though it seems unlikely a deal will actually come together. Chicago appears willing to listen as a matter of due diligence but would presumably need to be overwhelmed and receive substantial big league talent to trade Hoerner coming off a .297/.345/.394 season that saw him swipe 29 bases, win his second Gold Glove and finish sixth in the National League with 6.2 wins above replacement, per Baseball-Reference (or 15th with 4.8 fWAR, for those who prefer FanGraphs’ version of the statistic).

[Related: Giants Aggressively Pursuing Second Base Upgrade]

At this point, the fit between Donovan and the Mariners has been explored at length. He’s an affordable ($5.8MM in 2026) high-contact bat with good on-base and defensive skills who can handle either of the two currently unsettled positions in the Seattle infield: second base or third base. The M’s have plenty of highly touted prospects who could emerge at those positions — Colt Emerson, Cole Young, Michael Arroyo among them — but Donovan could also move to an outfield corner if those promising young players force the issue. He’s under control through the 2027 season via arbitration.

Romero was previously linked to the Mariners, but that was before the team acquired Ferrer. It’s notable that Jones implies there have been talks even after that swap. The 29-year-old lefty has been a mainstay in the Cardinals’ bullpen for three-plus seasons now and has steadily shown year-over-year improvement. In 2025, he tossed a career-high 61 innings with a career-best 2.07 earned run average. Romero saved eight games, tallied 24 holds and blew only one opportunity. He fanned a slightly below-average 21.6% of his opponents against a bloated 11.4% walk rate that stands as a major outlier relative to the career 7.7% walk rate he carried into the ’25 season. The lefty also kept a hefty 54.5% of batted balls on the ground.

The Cardinals signed Romero to a $4.26MM contract for the upcoming season — his final year of club control. While last year’s hiccup in terms of command is of at least some concern, the broader track record is quite strong. Since joining the Cardinals, Romero boasts a flat 3.00 ERA (3.61 SIERA) with a 23.4% strikeout rate, 9.1% walk rate, 53.7% ground-ball rate, 57 holds and 12 saves. The Orioles and Yankees are among the others to show interest in Romero, though it’s a veritable certainty that the field of interested clubs is much larger than just these three.

Echoing previous reporting from The Athletic’s Katie Woo, Jude suggests that at least a pair of top-100 prospects — switch-pitcher Jurrangelo Cijntje and outfielder Lazaro Montes — have been discussed in talks with the Cardinals. The exact permutations of those talks remains murky. There’s no firm indication that St. Louis has sought both in the same package for Donovan, just as there’s no certainty that Seattle has offered both. It’s certainly possible that Romero’s name has come up as part of a package talk involving one or both those ballyhooed young players. Whatever shape those negotiations have taken, they (obviously) have yet to culminate in a deal.

Hoerner, much like Donovan, is a straightforward fit for the Mariners. The previously mentioned Cole Young is currently in line to open the season at second base for the M’s. He’s a former first-round pick and top-50 prospect, but Young hit just .211/.302/.305 in his first 77 MLB games last year. He won’t even turn 23 until late July, so there’s plenty of time for him to develop into a quality regular, but the Mariners are built to win right now. Hoerner, a free agent next winter who’s signed for $12MM in 2026, would give the Mariners an immediate upgrade while affording them the luxury of additional development time for Young. As a bonus, Seattle could extend a qualifying offer to Hoerner next November, netting them a compensatory draft pick in the event that he signs elsewhere.

Again, the Cubs are not outright shopping Hoerner but are willing to hear other clubs out. They’re almost certainly not going to trade him for prospects who are years from MLB readiness; doing so would offset most or even all of the wins gained by bringing Bregman into the fold. It’s hard to come up with a direct exchange that would benefit both parties equally, but the Mariners are nothing if not aggressive and creative on the trade front.

At present, RosterResource projects the Mariners for just under $157MM in 2026 payroll. That’s a bit shy of the franchise-record $158MM Opening Day payroll and a ways south of the roughly $167MM figure at which they ended the 2025 campaign. Given the win-now push in Seattle and the extra revenue from a deep playoff run that saw the Mariners advance to Game 7 of the American League Championship Series, it stands to reason that ownership is willing to push payroll beyond those marks.

Cubs Sign Alex Bregman

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The Cubs have made their third-largest signing in franchise history official, announcing Wednesday that they’ve signed third baseman Alex Bregman to a five-year contract that’ll reportedly guarantee him $175MM. Bregman, a client of the Boras Corporation, receives a full no-trade clause. Unlike his prior contract with the Red Sox, there are no opt-out opportunities. The deal reportedly includes $70MM of deferred money, dropping the net present value from a $35MM average annual value to something in the $30-31MM range. He’ll be introduced in a press conference tomorrow morning at 10:30am CT.

When last offseason’s proposals fell short of Bregman’s expectations, he pivoted to a heavily-deferred three-year, $120MM deal with the Red Sox. The quality of his 2025 season, plus his ineligibility for a qualifying offer this time around, led to this long-term deal.

MLBTR projected a six-year, $160MM contract for Bregman back in November. He ultimately landed a bit shy of that on a five-year term, when accounting for deferrals. It’s still the largest average annual value in Cubs franchise history, and the total guarantee trails only Jason Heyward ($184MM) and Dansby Swanson ($177MM). The inclusion of deferrals is a notable departure for the Ricketts family ownership group; just last offseason, they appeared staunchly against utilizing deferred money in free agent negotiations.

For the Cubs, the addition of Bregman is the biggest splash in an active offseason. The club acquired young starter Edward Cabrera from the Marlins three days ago, adding upside to the rotation at the expense of a top-50 prospect in Owen Caissie. The Cubs have largely rebuilt their bullpen with a quintet of free agent signings: Phil Maton, Hunter Harvey, Caleb Thielbar, Hoby Milner, and Jacob Webb.  They also retained swingman Colin Rea and starter Shota Imanaga.

Bregman gives the Cubs a major offensive upgrade without the loss of a draft pick, as he rejected a qualifying offer from the Astros in 2024. His salary brings the team’s projected 2026 payroll to $231MM, a full $25MM over last year’s $206MM figure, according to RosterResource. Meanwhile, their CBT payroll stands around $243MM for 2026, putting the Cubs just shy of the first luxury tax threshold.  The Cubs did not exceed the CBT in 2025, so they’ll reside in the lightest tax bracket if they go over in ’26.

Bregman, 31, played in 114 games with Boston this year, making 495 plate appearances. Although he missed a month and a half with a right quad strain, he continued to excel on offense, batting .273/.360/.462 and grading out 25% better than average by wRC+. After posting a career-low 6.9% walk rate in his final year with the Astros, Bregman bumped that up to 10.3% in 2025. He maintained his reputation as a high-contact hitter, with his 14.1% strikeout rate grading out in the 88th percentile. His 90.1 mph average exit velocity and 44.4% hard-hit rate were both career bests. He also continued to perform well defensively, earning 3 Outs Above Average for his work at third base. Overall, Bregman’s 2025 contributions were good for 3.5 fWAR and his third career All-Star nomination.

A lot of that came from his red-hot first two months. At the time of his injury, Bregman had a 156 wRC+ through 226 PA. His production following his return was more uneven. He posted a 128 wRC+ in July, followed by a 108 wRC+ in August and just a 76 wRC+ in September. In the first half, Bregman was 52% better than average by wRC+. In the second half, he was right around average.

Though he wasn’t his usual self in the last two months of the year, Bregman’s lengthy track record still made him one of the top free agents in this year’s class. Since debuting with the Astros in 2016, he has batted .272/.365/.481 with 209 home runs and a 133 wRC+. His first two All-Star appearances came in 2018-19. Bregman averaged 8.1 fWAR and finished in the Top 5 in AL MVP voting in both years, finishing as the runner-up in 2019.

While he hasn’t reached those heights in the years since, Bregman has still been a well-above-average hitter. He has posted a wRC+ between 117 and 137 in every year from 2020-25. Bregman’s defense has also held firm. Since the start of 2020, he has been worth 10 DRS and 17 OAA. He ranks eighth among qualified third basemen in that span by OAA.

That track record, Bregman’s excellent clubhouse reputation, and his still-excellent 2025 drew ample interest in free agency. The Red Sox were clearly keen on a reunion, with recent reports indicating they had made him an “aggressive” offer. Outside of them and the Cubs, his known suitors included the Tigers, Diamondbacks, and Blue Jays (before they signed Kazuma Okamoto). The Tigers and Cubs were interested in Bregman last offseason as well. Detroit reportedly offered him six years and $171.5MM, albeit with significant deferrals. Chicago’s offer was in the four-year, $115MM range. One year later, the Cubs put forth more than $40MM more to lock him up, even when considering the surprising deferred money.

Bregman likely sought a $200MM guarantee during the 2024-25 offseason. He got to $215MM on paper in total, though deferred money on both contracts probably puts him a little short of a true $200MM.  Regardless, returning to the market after opting out of a short-term deal is a strategy we’ve seen Boras execute successfully with Bregman, Carlos Rodon, Blake Snell, Matt Chapman, and Pete Alonso in recent years, with Cody Bellinger serving as the next test case.

With Bregman slotting in at third base, the most impacted player on the Cubs’ roster is incumbent third baseman Matt Shaw. As a rookie, Shaw posted a .226/.295/.394 line in 437 plate appearances, good for a 93 wRC+. Factoring in his serviceable defense (-1 DRS), Shaw was worth 1.5 fWAR in 2025. That was acceptable production for the rookie and former top prospect, though there are clear areas for improvement heading into his sophomore season. Shaw’s average exit velocity and hard-hit rate ranked in the third and seventh percentiles, respectively. He also struggled against fastballs, with a -6 run value against sinkers and a -1 value against four-seamers.

Shaw came up through the system as a middle infielder before shifting to third base in earnest in 2024. At present, Swanson and Nico Hoerner occupy the shortstop and second base spots on the big-league roster. Swanson is under contract through 2029 and won’t be moving off short any time soon. Hoerner has been an above-average hitter and excellent defender in the past four seasons, tallying 17.5 fWAR. Hoerner moved to second base in 2023 in deference to Swanson.

With the 28-year-old Hoerner eligible for free agency after 2026 – with earning power likely to get a boost from his ability to play shortstop – his name has surfaced in trade rumors this winter. The best 2026 Cubs team has Hoerner at second base and Shaw in a utility infield role, but it’s at least conceivable that either player could be dealt this offseason.

For Red Sox fans, the past seven months have provided a painful sequence of events at third base.  Rafael Devers was dealt to the Giants in a surprise June blockbuster, and now Bregman has departed as well. According to Peter Abraham of the Boston Globe, the Red Sox “did not come close financially and were not willing to give Bregman a full no-trade clause.”

The Red Sox, the only team yet to have signed a Major League free agent this winter, could turn to Bo Bichette to play second base.  Bichette will likely require a long-term deal of his own, however, and chief baseball officer Craig Breslow has yet to sign a free agent for more than Bregman’s three years (which only lasted one).

Jon Heyman of the New York Post first broke news of the signing, with ESPN’s Jeff Passan adding terms and Bob Nightengale of USA Today providing further details. Ken Rosenthal of The Athletic reported that the deal includes deferred money.

MLBTR Podcast: The Cubs Land Cabrera And Bregman, Remaining Free Agents, And Skubal’s Arbitration Filing

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

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

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 Kamil Krzaczynski, Imagn Images

Poll: Will The Cubs Trade From Their Infield?

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The Cubs made a major splash over the weekend by landing star third baseman Alex Bregman on a five-year deal. As a multi-time All-Star who reliably offers Gold Glove defense at third base and posts offense in the 125 wRC+ range, Bregman is sure to provide a major lift to the club headed into 2026. Strong as the signing is for the team, however, it also creates questions about the future of some of their other players. The 2025 Cubs ended the season with regulars all around the infield. Dansby Swanson and Nico Hoerner handled shortstop and second base for the third consecutive season, while Matt Shaw entered 2025 as the team’s top prospect and had taken over third base on a regular basis by the end of the year.

The addition of Bregman leaves the club with four infielders for three positions. The designated hitter spot could help. With Kyle Tucker not expected to re-sign with the Cubs, Seiya Suzuki could spend more time in the outfield in 2026. However, Moises Ballesteros is currently the favorite for the DH spot, as he had a strong debut with the bat in 2025 but is considered a work in progress as a catcher.

Having too many guys is a good problem to have but it’s still worth considering whether the Cubs will do something to break up that logjam in the short-term. If they don’t, Shaw is likely to be the odd man out. He has options remaining and could certainly be sent to Triple-A Iowa to open the season, though he could also be carried on the club’s bench in a utility capacity. Hoerner is set to hit free agency following the 2026 season, so perhaps the likeliest option is Shaw taking a depth role for this year before taking over at second base when Hoerner reaches free agency next winter.

That’s a plan that comes with flaws in the short- and long-term, however. For one, Shaw losing the opportunity to get consistent, major league at-bats could have an adverse effect on his development. The 24-year-old turned in a decent rookie season in 2025, slashing .226/.295/.394 (93 wRC+) overall in 126 games. Those overall numbers are hardly exceptional, but he improved as the season went on. After the All-Star break, Shaw slashed a very impressive .258/.317/.522 with a wRC+ of 130 as he crushed ten doubles, three triples, and 11 homers in just 205 trips to the plate.

That considerable power potential Shaw flashed is certainly enticing, but it could be difficult for Shaw to build on that success if faced with either inconsistent playing time in a bench role or minor league competition at Triple-A. As noted by The Athletic’s Keith Law in the aftermath of the Bregman signing, Shaw went through several mechanical changes throughout 2025 and at times resisted help from the Cubs’ coaching staff. The youngster’s numbers took a turn for the worse during the final weeks of September and into the postseason, so it’s possible there’s more tweaks left for him to make as well.

That could make trading either Hoerner or Shaw himself a viable outcome. Hoerner’s name has popped up semi-frequently as a trade candidate over the past two offseasons, and it’s certainly easy to see why rival teams would have interest. The 28-year-old is coming off a career year in 2025. He posted a 109 wRC+ and struck out at a microscopic 7.6% clip in 154 games for Chicago. Over the past four years since becoming an everyday player, Hoerner has slashed .284/.339/.389 (105 wRC+) with an above-average wRC+ in every season. He’s paired that solid bat with elite defense at second base and also demonstrated the ability to be a above-average defensive shortstop before being bumped to the keystone by the team’s signing of Swanson back in 2023.

Taken together, Hoerner has been worth 19.6 bWAR and 17.5 fWAR over the past four seasons. That consistent four-to-five win production up the middle is certainly attractive, especially with Hoerner set to make an affordable $12MM salary this year.

The Mariners, Giants, and Yankees are among the teams that have been connected to him in trade to this point. Even as teams have come calling after Hoerner, however, the Cubs seem unlikely to deal him. Signing one impact infielder just to trade another would undercut the improvement offered by signing Bregman, and so it’s not a shock that The Athletic’s Sahadev Sharma has suggested that the Cubs would have to be “blown away” in order to deal Hoerner.

Perhaps, then, trading Shaw to a team where he could get consistent playing time in a bid to either add more impact to the roster or beef up a flagging farm system could be the best course of action available to the Cubs. Shaw still has six years of team control remaining and will make the league minimum in 2026, meaning that he could be a fit for a number of teams that might want to upgrade their offense on the cheap. The Pirates, Guardians, Royals, Athletics, Angels, and Nationals are all teams that struggled to find production at either second or third base last year and could appreciate Shaw’s years of control and affordable price tag.

Even that comes with risks, however. Shaw’s value is arguably down relative to this time last year, when he was a consensus top-30 prospect in baseball. Additionally, Hoerner’s status as a pending free agent would make trading Shaw a big risk if not paired with an extension for Hoerner. The upcoming free agent class is reasonably deep in middle infield talent (Ha-Seong Kim, J.P. Crawford, Jazz Chisholm Jr.) but successfully landing one of those players is no guarantee. The team’s internal options behind Shaw are lackluster, as well. James Triantos was once one of the team’s better prospects but had a disastrous season at Triple-A last year that calls into question his prospect status. Jefferson Rojas had a solid year in 2025 but may not be big league ready by 2027.

How do MLBTR readers think the Cubs will handle their infield logjam? Will they work out a trade involving Shaw or Hoerner prior to Opening Day, or will they simply carry both players into the season despite the lack of playing time available? Have your say in the poll below:

Cubs Claim Justin Dean

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The Giants announced that outfielder Justin Dean has been claimed off waivers by the Cubs. San Francisco had designated him for assignment last week to open a roster spot for Tyler Mahle. Chicago had multiple 40-man vacancies and doesn’t need to make a corresponding move. Susan Slusser of the San Francisco Chronicle was among those to relay the transaction.

Dean, 29, just made his major league debut with the Dodgers last year. He was mostly used as a pinch runner and late-game defensive replacement. He appeared in 18 games for the Dodgers but only made two plate appearances. He then appeared in 13 postseason games as part of the Dodgers’ World Series run, but without making a plate appearance in any of those.

His speed gives him a decent floor as a guy who can steal some bases and run the ball down on the grass. From 2021 to 2025, he swiped 176 bags in 213 attempts in the minors, an 82.6% success rate.

His offense is more questionable but his 2025 was encouraging. Throughout his minor league career, he has drawn free passes but also been punched out at hefty rates. From 2021 to 2024, he had a nice 12.2% walk rate but an ugly 29.6% strikeout rate. In 2025, he was only struck out 23.6% of the time while keeping his walk rate at a healthy 11.2%. The result was a .289/.378/.431 line and 110 wRC+ in Triple-A, though that was propped up by a .380 batting average on balls in play.

The Dodgers bumped him off their 40-man at the end of the season. The Giants grabbed him off waivers and held him for a couple of months but ended up putting him back on the wire. For the Cubs, he’s a fine depth add, especially since they had multiple roster spots open. Dean still has a full slate of options and doesn’t need to be on the big league roster.

Chicago’s outfield alignment projects to feature Ian Happ, Pete Crow-Armstrong and Seiya Suzuki in starting roles. Kevin Alcántara, James Triantos and Pedro Ramírez are on the 40-man roster and could be candidates for bench roles. Triantos and Ramírez have no big league experience and still have options, so the Cubs would likely prefer them to be getting regular reps in the minors as opposed to sitting in the big league dugout. Alcántara has been optioned for extended stretches in each of the past three years but could qualify for a fourth option.

Since Dean is himself optionable, he could either be getting regular playing time in the minors or he could be in the majors, providing speed and defense off the pine. He has just 52 days of service time, so he can be cheaply controlled for the foreseeable future, as he won’t qualify for arbitration for at least three years.

Photo courtesy of Jayne Kamin-Oncea, Imagn Images

Giants Aggressively Pursuing Second Base Upgrade

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That the Giants are in the market for help at second base is well known at this point, but ESPN’s Jeff Passan reports that San Francisco has been particularly “aggressive” in its pursuit of late, with recent talks regarding a pair of NL Central standouts: Nico Hoerner of the Cubs and Brendan Donovan of the Cardinals. Both were known targets for the Giants already, but it’s notable that they’re ostensibly ramping up their efforts to make a deal happen.

Giants second basemen were among the least-productive in all of baseball in 2025, hitting a combined .217/.273/.343. The resulting 73 wRC+ (indicating they were 27% worse than average at the plate) ranked 27th in the majors, leading only the Angels, A’s and Rockies. Tyler Fitzgerald led San Francisco with 233 plate appearances as the team’s second baseman, followed by Casey Schmitt (193), Christian Koss (137) and Brett Wisely (43). All four posted well below-average numbers with the bat while playing second base (though Schmitt hit better while playing other positions and was close to league-average with the bat overall).

Either Donovan or Hoerner would stand as a major upgrade. Both will play next season at 29 years old. Both are established contact hitters with defensive versatility, although the presence of Matt Chapman and Willy Adames on the left side of the infield would lessen the Giants’ need to take advantage of that positional flexibility. Donovan, who agreed to a one-year deal worth $5.8MM to avoid arbitration last week, is controlled through the 2027 season. Hoerner is owed $12MM in the final season of his three-year, $35MM contract this season.

Donovan figures to be the more readily available of the two in trade talks. The Cardinals are in the early stages of a multiyear rebuilding effort under new president of baseball operations Chaim Bloom. They’ve already shipped out Sonny Gray and Willson Contreras in separate trades to the Red Sox, and they’ve been fielding interest in lefty JoJo Romero while also working to find a taker for Nolan Arenado. Donovan’s remaining two years of club control don’t align with a realistic path to contention in St. Louis, and of all the team’s offseason trade assets, he stands as the one most likely to net a significant return.

Since making his MLB debut four years ago, Donovan has done nothing but hit. He carries a lifetime .282/.361/.411 slash in the batter’s box (119 wRC+) and has regularly proven to be one of the game’s toughest strikeouts. He drew a walk in 8.2% of his plate appearances in 2025 (9.1% career) and fanned at only a 13% clip (13.5% career). Donovan’s power is below average — he’s never topped 14 homers in a season — but he’s a former All-Star and Gold Glove winner who can also handle third base and the outfield corners (and perhaps some shortstop, in a pinch).

Hoerner is statistically one of Donovan’s most comparable hitters. Over the past five seasons, his .285/.342/.388 line (106 wRC+) closely resembles Donovan’s production. Hoerner runs far more often (131 steals to Donovan’s 15) and would be a plus defender at shortstop if not for the fact that he slid over to second base in deference to Dansby Swanson at shortstop.

Unlike the Cardinals, however, the Cubs are in clear win-now mode. Trading Hoerner just days after agreeing to a five-year deal with Alex Bregman would offset much of the good brought about by that Bregman signing. Given that, it seems quite likely that the Cubs would seek immediate MLB talent in any trade involving Hoerner, and the cost of acquisition would be fairly steep. Chicago could always move former top prospect Matt Shaw to second base — he might be the heir-apparent there now anyhow — but the Cubs could also simply keep all three infielders for the 2026 season and use Shaw in a utility role before handing second base to him full-time in 2027.

Payroll-wise, the Giants should have little problem fitting either player into the picture. RosterResource currently projects a $185MM payroll for San Francisco. That’s up a few million from last year’s levels but also a ways shy of the $200MM franchise record set back in 2018. And considering the fact that over the past 18 months, ownership has made three separate nine-figure commitments (Chapman’s $151MM extension, Adames’ $182MM contract, the $250MM+ remaining on Devers’ contract), it stands to reason that they’re at least open to further additions.

It bears mentioning that there’s no indication from Passan that Hoerner and Donovan are the only two targets on which the Giants are focused. The free-agent market still has one high-profile option in Bo Bichette, and even if he lands elsewhere, that deal itself could create some potential avenues for the Giants to explore. If Bichette were to sign in Philadelphia, for instance, the Phillies might be more inclined to part with Bryson Stott than would otherwise be the case. If he ended up in Boston, the Red Sox might have some additional infielders to discuss in trades. There are various paths the Giants can consider and other needs left to address on the roster (namely the bullpen), but having added Tyler Mahle and Adrian Houser in the rotation, it appears second base is their focus for the time being.

Cubs, Corbin Martin Agree To Minor League Deal

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The Cubs are in agreement with right-hander Corbin Martin on a minor league contract, reports Marquee’s Lance Brozdowski. The 30-year-old will presumably get a non-roster invite to MLB camp.

Martin was on and off Baltimore’s big league roster throughout the 2025 season. He wound up throwing 18 innings, allowing 15 runs (12 earned). That actually lowered his career earned run average to 6.54 across 75 2/3 frames over parts of four seasons. Martin had similarly rough numbers with Triple-A Norfolk, allowing a 5.82 ERA in 34 appearances. He recorded an average 22.5% strikeout percentage while issuing walks at a huge 13.6% clip.

A former second-round pick of the Astros, Martin was a highly-regarded prospect whom the Diamondbacks acquired in the Zack Greinke trade. Injuries threw him off track. The 6’2″ righty underwent Tommy John surgery in 2019 and missed the entire ’23 season on account of a torn lat tendon. His control, which was solid enough early in his minor league career, has held him back at the upper levels. Martin has walked more than 12% of opponents in the big leagues and Triple-A alike.

The Cubs are intrigued enough by the raw stuff to give him a look on a non-roster deal. Martin’s heater sits in the 95-96 MPH range and he has a slider and curveball. It’s a good enough arsenal to miss bats but he’ll need to be around the strike zone more consistently to secure a spot in Craig Counsell’s relief group. Martin has exhausted his minor league option years, meaning the Cubs would need to keep him in the majors or expose him to waivers if they call him up.

Cubs To Sign Tyler Beede To Minor League Deal

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The Cubs and right-hander Tyler Beede have agreed to a minor league deal, reports Ari Alexander of 7News Boston. The ACES client will presumably be invited to big league camp in spring training.

Beede, 33 in May, has had a uniquely winding career but is not coming off a good year. He signed a minor league deal with the Twins in April of 2025. He made seven appearances for Triple-A St. Paul but allowed eight earned runs in nine innings via 12 hits and nine walks while striking out seven opponents. He was released in June and then landed a deal with the Long Island Ducks of the independent Atlantic League. He posted a 5.48 ERA for the Ducks and then signed with the Diablos Rojos in the Mexican League. He posted a 7.43 ERA in three starts for that club.

Those are obviously not great numbers but Beede has shown more potential in the past. As a youngster, he was highly-touted enough to be a first-round pick twice. The Blue Jays selected him 21st overall in 2011 but he didn’t sign and went to Vanderbilt. Then in 2014, the Giants took him 14th overall. He was a notable prospect for a bit but never became a star in the big leagues. By the end of 2022, he had logged 187 innings, mostly with the Giants but also with the Pirates. He had a 5.34 ERA in that time.

He went overseas for the 2023 season, signing with the Yomiuri Giants of Japan’s Nippon Professional Baseball. That went pretty well, as he posted a 3.99 ERA. His 16.4% strikeout rate wasn’t too impressive but he got grounders on 57.4% of balls in play. He returned to North America by signing a minor league pact with the Guardians. He made that club’s Opening Day roster but posted an 8.36 ERA in 14 innings and was bumped from the roster in early May.

The Cubs surely aren’t banking on Beede for much but there’s no real risk on a minor league deal. Chicago likes to build bullpens on the cheap. From the end of the 2019 season to the end of the 2025 season, they didn’t sign any relievers to multi-year deals. They built a decent relief corps for their 2025 team via a series of unheralded pickups, including Brad Keller, Drew Pomeranz, Caleb Thielbar and others.

They have been in a somewhat similar lane here going into the 2026 season. They did give a two-year deal to Phil Maton, worth $14.5MM. Apart from that, they have given one-year deals to Thielbar, Hunter Harvey, Hoby Milner and Jacob Webb, each worth $6MM or less. They’ve added Collin Snider and Jeff Brigham on minor league deals and now add Beede into the mix. Beede was mostly a starter earlier in his career but has been doing more bullpen work in recent seasons.

Photo courtesy of Steven Bisig, Imagn Images

Yankees Have Shown Interest In Nico Hoerner, Luis Robert Jr.

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At the start of the offseason, it felt inevitable that the Yankees and Cody Bellinger would reunite. That may still happen but it seems up in the air at the moment. Talks between the two sides have seemingly stalled out. Jon Heyman of The New York Post reports today that both sides have been exploring alternatives lately. Bellinger has interest from other clubs. Meanwhile, the Yankees have been touching base with free agents Bo Bichette and Kyle Tucker, who they have been connected to previously. They’ve also checked in on trade candidates Luis Robert Jr. of the White Sox and Nico Hoerner of the Cubs. The Yanks’ interest in Hoerner was first reported by Pat Ragazzo of SI.

Bellinger spent 2025 in the Bronx and it seemed to go well. He hit 29 home runs and slashed .27/.334/.480 for a wRC+ 125. He stole 13 bases and played all three outfield slots as well as first base. He appeared to be especially comfortable in Yankee Stadium, slashing .302/.365/.544 there. He opted out of the final season of his contract, taking a $5MM buyout and leaving a $25MM salary on the table. At the start of the offseason, MLBTR predicted Bellinger to have enough juice for a five-year, $140MM deal.

It was reported on New Year’s Day that the Yanks had made an offer to Bellinger. A few days later came reports of a second offer. No details of either offer were initially revealed but further reporting indicated the sides weren’t close to a deal. Subsequent reporting has put the Yankee offer at five years and over $30MM annually, putting the guarantee somewhere in the vicinity of $155MM. That hasn’t been enough to get a deal done with Bellinger hoping to get to seven years.

It seems the two sides have taken a break from the staredown to look elsewhere. Heyman says they continued talking over the weekend but each party is considering alternatives. Heyman mentions the Dodgers, Giants and Mets as clubs believed to have interest in Bellinger. Those clubs have all been tied to Bellinger via rumors earlier this winter but are imperfect fits. All three could use outfield help to varying degrees but they also appear to be trying to avoid long-term commitments at the moment.

Since the hold-up between the Yankees and Bellinger appears to be the length of their offer, it’s hard to envision any of these clubs outbidding the Yankees. Any of the three could perhaps change their stance to take advantage of this opportunity but it also could be more likely that those clubs would prefer to get Bellinger via another short-term, opt-out laden deal. It’s unclear if he would want to do that after going down that road a couple of years ago, but it presumably depends on where things go in the next few weeks.

The Blue Jays have also been connected to Bellinger this winter but it seems they are more focused on Bichette and Tucker with Bellinger perhaps a backup plan. The Cubs were also connected to their old friend Bellinger this winter but signing Alex Bregman is presumably their big splash of the winter.

For the Yankees, they could perhaps increase their offer but are also seeing what else is on the menu. With Hoerner, it’s unclear if the Cubs have any interest in trading him but he has been in rumors and it’s arguable they should consider it. Hoerner is a good player but is a free agent after 2026. With the Cubs recently signing Bregman, their infield is now a bit cluttered. Putting Bregman at third bumps Matt Shaw to the bench.

If they wanted to, the Cubs could trade Hoerner and then move Shaw to second base. That would declutter things a bit and also should bring back something of note. Hoerner’s $12MM salary this year is very affordable considering his production. He doesn’t hit a ton of home runs but rarely strikes out, relying on his contact, speed and defense to provide value. It’s a combination that works, as FanGraphs has credited him with 3.9 wins above replacement or more in each of the past four years.

It could also give the Cubs a bit more breathing room in terms of the competitive balance tax. The Cubs went narrowly above the CBT in 2024 but have otherwise stayed under the line in each season from 2021 to the present.

RosterResource currently estimates them for a CBT number of just over $243MM, putting them less than a million from this year’s line. A team’s CBT number isn’t calculated until the end of the year, so in-season moves can move a club up or down. If the Cubs want to avoid the tax in 2026, creating some space now could be something they consider to give them more ability to make moves at the deadline.

For the Yankees, Hoerner wouldn’t help replace Bellinger in the outfield but he should make the team better. Though he has largely been a second baseman for the Cubs, he is considered good enough to be a shortstop. He has just been on the other side of the bag in deference to Dansby Swanson.

The Yanks have an uncertain shortstop situation at present, hence their previous connection to Bichette. Anthony Volpe is coming off a down year and may not be ready for Opening Day 2026 as he recovers from shoulder surgery. José Caballero currently projects as the top shortstop for the early season, though he has mostly been a utility guy in his career. If the Yanks add a shortstop, then he could return to that role.

The thinking with signing Bichette had a couple of attractions. He could upgrade the shortstop position now, then second base in the future. Jazz Chisholm Jr. is currently the club’s second baseman but he is slated for free agency after the upcoming season. With the Yanks having shortstop prospect George Lombard Jr. waiting in the wings, Bichette could cover short for a year and then slide to the other side of the bag with either Lombard or a resurgent Volpe at short.

Hoener wouldn’t be quite the same acquisition, barring an extension, as he is only signed through 2026. Still, that would likely have appeal for the Yankees in a different way. They could upgrade the middle infield for now without making a huge commitment. After 2026, depending on how things go with Lombard, Volpe, Hoerner and Chisholm, they could then decide about how to invest in the middle infield for the long term.

They would, however, have to give the Cubs something of value in return. As mentioned, it’s unclear if the Cubs have any interest at all in flipping Hoerner. Even if they do, they would presumably be looking for some kind of win-now upgrade, likely on the pitching staff. With the Yanks looking for pitching help themselves, it may be challenging to line up a deal that makes sense for both sides.

As for Robert, he is surely available but also tricky to value. He has shown borderline MVP upside but is coming off two years marred by injuries and underperformance. In 2023, he hit 38 home runs and stole 20 bases, slashed .264/.315/.542 and got strong grades for his center field defense. But since then, he has made a number of trips to the injured list while slashing .223/.288/.372 for a wRC+ of 84.

The White Sox are rebuilding and will surely trade Robert but are seemingly hoping to trade him at peak value. He wasn’t moved in 2025 even though it was the final guaranteed year of his contract. They picked up a $20MM option for 2026. Teams like the Yankees and others might want to buy low but the Sox are likely motivated to wait. After his down year, it would make sense to hold him until the deadline, with the hope of him getting back in form and therefore increasing his trade value.

The Yankee outfield currently projects to include Aaron Judge and Trent Grisham in two spots. If the season started today, Jasson Domínguez and Spencer Jones would battle for a third. Domínguez is coming off a rough year in 2025, with an average bat and poor defense. Jones hit 35 home runs in the minors last year but also struck out 35.4% of the time, creating some doubt about how viable his bat will be in the majors.

Acquiring Hoerner wouldn’t do much to change that picture but perhaps the Yanks would be more comfortable with the uncertainty of the Domínguez/Jones combo with a stronger infield. Bringing back Bellinger, signing Tucker or acquiring Robert would strengthen the outfield group, bumping Domínguez to more of a part-time role and keeping Jones in Triple-A.

There are many moving pieces here as the offseason moves into the final weeks before pitchers and catchers report to spring training. Tucker, Bichette and Bellinger are the top position players still out there, with a lot of overlapping interest. The Jays are seemingly in on all three, considered by some to be the favorites for Tucker but a Bichette reunion also makes sense. Like Bellinger, Bichette is considering other options. He is meeting with the Phillies today, although that is a bit complicated, as Philadelphia would seemingly have to move on from both J.T. Realmuto and Alec Bohm to fit Bichette onto the roster and into the budget. The Red Sox just missed on Bregman and could turn to Bichette but they don’t seem too keen on big long-term investments. The Dodgers, Giants and Mets may be looking to get opportunistic if a nice short-term opportunity becomes possible.

It’s a bit of a game of musical chairs with the Yankees and Bellinger some of the key participants. Bregman just found a seat in Chicago but others will have to sit soon. Pitchers and catchers report to spring training in about a month, so the music is slowing down.

Photo courtesy of Sergio Estrada, Imagn Images

Dave Giusti Passes Away

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Former big league right-hander Dave Giusti has passed away, the Pirates announced this morning. He was 86 years old.

“We are saddened by the loss of such a beloved member of the Pirates family,” Pirates chairman Bob Nutting said in this morning’s press release. “He was a vital member of our World Series winning team in 1971 and spent seven of his 15 big-league seasons with the Pirates before eventually making Pittsburgh his home. We extend our sincere condolences to his wife, Ginny, his daughters, Laura and Cynthia, and the entire Giusti family.”

Giusti made his major league debut in 1962 — his age-22 campaign — with the Houston Colt .45s and posted an inauspicious 5.62 earned run average through his first 73 2/3 innings. He didn’t pitch in the majors in ’63 and logged only 25 2/3 MLB frames in ’64. In 1965, he established himself as a member of Houston’s staff, tossing 131 1/3 innings with a 4.32 ERA. That was a ways higher than the 3.50 league average at that time (77 ERA+, 125 ERA-), but it kicked off a run of four seasons that saw Giusti log regular work as a starter in Houston. From 1965-68, he pitched a combined 814 innings with a 3.90 ERA.

Houston traded Giusti to the Cardinals in the 1968-69 offseason. The Cardinals lost him to the Padres in October 1968’s expansion draft, only to reacquire him two months later. He spent one season with the Cards (3.61 ERA, 99 2/3 innings) before being traded to the Pirates, with whom he’d make his lone All-Star team, tally three separate top-10 finishes in National League Cy Young voting, and win a World Series.

Giusti had been almost exclusively a starting pitcher over his final seasons in Houston, but he made only one start with Pittsburgh in 1970 and only three over his seven seasons in black and gold. Giusti transitioned near seamlessly to relief at a time when doing so wasn’t nearly as common as it is in today’s game. He saved 26 games for the Pirates in 1970, pitching 103 innings with a 3.61 ERA along the way.

Over the next several years, Giusti was a pivotal endgame arm for the Bucs. He saved a career-high 30 games in 1971, pitching to a 2.93 ERA in 86 regular-season frames before tossing 10 1/3 shutout innings during the playoffs as the Pirates went on to win the World Series. Overall, Giusti pitched 618 regular-season innings with the Pirates from 1970-76, piling up 133 saves and a recording a tidy 2.94 earned run average along the way.

The Pirates traded Giusti to the A’s in the 1976-77 offseason — part of a nine-player swap that included notable names like Phil Garner, Rick Langford and Tony Armas. Giusti pitched 85 2/3 innings between the A’s and Cubs, working to a 3.89 ERA in the 15th and final season of his major league career.

Giusti retired with a career 100-93 record, 145 saves, a 3.60 ERA and 1103 strikeouts in 1716 2/3 innings pitched. He won a World Series with the Pirates in ’71, made the All-Star team in ’73, garnered MVP votes in ’70 (sixth) and ’71 (14th), and drew Cy Young votes in ’70 (fourth), ’73 (seventh) and ’74 (ninth).

Fans of Giusti will want to check out Jason Mackey’s tribute to him over at the Pittsburgh Post-Gazette, wherein former teammates Milt May and Steve Blass discuss the right-hander’s transition to the bullpen, the efficacy of his signature palmball, and the never-give-in mentality that made him such a natural fit for high-leverage spots late in the game. We at MLBTR extend our condolences to Giusti’s family, friends, former teammates and the countless fans he amassed over a lengthy and successful big league career.

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