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2024-25 Offseason Outlook

Offseason Outlook: Chicago White Sox

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On the heels of one of the worst seasons in baseball history, the White Sox must stockpile young talent while operating under a cloud of uncertainty about the future of the franchise.

Guaranteed Contracts

  • Andrew Benintendi, LF: $47.5MM through 2027
  • Luis Robert Jr., CF: $15MM through 2025, with a $20MM club option ($2MM buyout) for 2026 and the same club option for '27

Option Decisions

  • Yoan Moncada, 3B: $25MM club option with a $5MM buyout
  • Max Stassi, C: $7.5MM club option with a $500K buyout

Additional Obligations

2025 financial commitments: $40.75MM
Total future commitments: $71.75MM

Arbitration-Eligible Players (service time in parentheses; salary projections via Matt Swartz)

Free Agents

While we knew this team would be bad, we didn't realize it would be historically bad.  The 2024 White Sox set the modern record for total losses with 121, and it easily could have been worse had they not surged to win five of their last six games.  Starting pitchers Garrett Crochet and Erick Fedde were the only glimmers of hope, but the latter was traded and the former seems on his way out.

The Sox fired manager Pedro Grifol on August 8th, with Grady Sizemore serving as interim manager for the remainder of the season.  Sizemore is at least under consideration for the full-time job, but the list of known candidates has also included Donnie Ecker, Will Venable, Clayton McCullough, Danny Lehman, George Lombard, A.J. Ellis, Phil Nevin, Daniel Descalso, and Skip Schumaker.  Grifol was Rick Hahn's hire, so the new manager will be the first chosen by senior vice president/GM Chris Getz.

Beyond the managarial change, existential issues loom over the White Sox.  One is whether longtime owner Jerry Reinsdorf intends to sell the team.  On October 16th, Brittany Ghiroli of The Athletic reported that Reinsdorf is "open to selling" the team, and furthermore, "is in active discussions with a group led by former big leaguer Dave Stewart."  Stewart's involvement has led to speculation about potentially moving the team to Nashville, given the former pitcher's efforts to bring an MLB team to that city.

The Stewart rumor follows January news of Reinsdorf's aim of getting a new stadium built in a (Chicago) South Loop area called "The 78."  A relocation threat is one of the oldest in the new-stadium playbook, of course, and Reinsdorf successfully leveraged a potential move to St. Petersburg back in 1988 to get the current Guaranteed Rate Field built in Chicago.  Back in 1995, Reinsdorf famously said in reference to his St. Petersburg play in a Cigar Aficionado interview, "A savvy negotiator creates leverage. People had to think we were going to leave Chicago."

Moving from Chicago to St. Petersburg hardly made sense in terms of market size, and the same is true of Nashville now.

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Offseason Outlook: Tampa Bay Rays

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Despite significant injuries on the pitching front, the Rays spent much of the season's first half in or on the periphery of the Wild Card chase. The front office took advantage of a seller's market at the deadline even though the club was hovering around .500, bolstering the farm, reducing payroll and setting the stage for what could be a quick turnaround.

Guaranteed Contracts

  • Jeffrey Springs, LHP: $21.75MM through 2026 (includes $750K buyout of $15MM club option for 2027)
  • Yandy Diaz, 1B: $10MM through 2025 (contract contains $12MM club option for 2026, with no buyout)
  • Pete Fairbanks, RHP: $4.667MM through 2025 (includes $1MM buyout of $7MM club option for 2026)
  • Shane McClanahan, LHP: $3.6MM through 2026 (McClanahan is arb-eligible for two more years thereafter)

2025 financial commitment: $27.766MM
Total long-term financial commitments: $40MM

Other Financial Obligations

  • Wander Franco owed $172MM through 2032; Rays unlikely to pay remainder of contract due to abhorrent allegations against Franco and subsequent legal proceedings in Dominican Republic
  • $2MM to Twins for buyout of Manuel Margot's 2025 club option

Option Decisions

  • Brandon Lowe, 2B/OF: $10.5MM club option with $1MM buyout (contract also contains $11.5MM club option for 2026 with $500K buyout)

Arbitration-Eligible Players (service time in parentheses; projected salaries via MLBTR contributor Matt Swartz)

Free Agents

  • None

As we began this year's Offseason Outlook series, the top focus for the Rays was understandably on the team's roster and reshaping an offense that lacked balance, struggled against righties and was far too whiff-prone. While the series was being written, however, a far broader-reaching issue arose. The awful damage stemming from Hurricane Milton and Hurricane Helene has wrought incalculable, heartbreaking levels of damage on the country's southeast region. The big-picture focus, of course, is on helping those impacted and rebuilding those ravaged communities. In the grand scheme of things, the logistical challenges a natural disaster of this magnitude presents to a baseball team are trivial, at best.

Nonetheless, for the Rays themselves, Hurricane Milton created an unexpected and undeniable challenge the team will have to address. The roof of Tropicana Field was shredded, exposing a stadium interior that does not have a drainage system. It's not yet clear when the facility could return to a serviceable state, but the Rays aren't likely to have their home field available to them to begin the 2025 season. They'll spend as much time and energy this offseason determining where they'll play their home games as they will augmenting their roster. We at MLBTR extend our deepest and most heartfelt condolences to all affected by the tragedy in the southeast.

Turning to the baseball operations side of the offseason, the Rays have a clear picture of what went wrong. Tampa Bay entered the 2024 campaign with an injury-ravaged rotation. Starters Shane McClanahan (Tommy John surgery), Drew Rasmussen (flexor tendon surgery) and Jeffrey Springs (Tommy John surgery) were set to miss some or all of the 2024 season while recovering from surgery. Former top pitching prospect Shane Baz was finishing off recovery from his own Tommy John procedure, performed late in the 2022 season.

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Offseason Outlook: Milwaukee Brewers

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Last offseason, the Brewers lost their manager, traded away their best starting pitcher and lost another to injury. During the season, several more injuries popped up but the club overcame all that adversity to repeat as National League Central champions. They'll now have to overcome a crushing postseason loss, the likely departure of their shortstop and declining broadcast revenue.

Guaranteed Contracts

  • Christian Yelich, OF: $110.5MM through 2028 (includes $6.5MM buyout on '29 mutual option; deal to be paid out through '42 due to deferrals)
  • Jackson Chourio, OF: $78MM through 2031 (including $2MM buyout on first of two club options)
  • Aaron Ashby, LHP: $17.25MM through 2027 (including $1MM buyout on first of two club options)
  • Brandon Woodruff, RHP: $15MM through 2025 (including $10MM buyout on '26 mutual option)

Additional Financial Commitments

Option Decisions

  • 1B Rhys Hoskins has $18MM player option for 2025 with $4MM buyout, deal also has $18MM mutual option for 2026 with $4MM buyout
  • Team, RHP Frankie Montas hold $20MM mutual option with $2MM buyout
  • Team, LHP Wade Miley hold $12MM mutual option with $1.5MM buyout
  • Team holds $10.5MM club option on RHP Devin Williams with a $250K buyout (Williams can be retained via arbitration even if option is declined)
  • Team, C Gary Sánchez hold $11MM mutual option with $4MM buyout
  • Team holds $5.5MM club option on RHP Colin Rea with $1MM buyout
  • Team holds $8MM club option on RHP Freddy Peralta with $1.5MM buyout

Total 2025 commitments (assuming Hoskins opts in, club triggers options on Rea and Peralta while turning down Williams and all mutual options): $92.5MM
Total future commitments (assuming Hoskins opts in, club triggers options on Rea and Peralta while turning down Williams and all mutual options): $265MM

Arbitration-Eligible Players (projections via Matt Swartz)

Non-tender candidates: Bauers, Wilson, Haase

Free Agents

The Brewers have faced a lot of challenges in the past year. Manager Craig Counsell seemed intent on pushing forward the market for managers, willing to go from Milwaukee to the highest bidder. For a small-market club like the Brewers, they weren't going to get drawn into a bidding war to keep him, so he went to the division rival Cubs as Milwaukee gave his old job to Pat Murphy. Brandon Woodruff required shoulder surgery about this time last year, which put him on ice for all of 2024. Corbin Burnes was traded to the Orioles in February.

Some of that was self-imposed, in a sense, but also a reflection of the club's perpetual financial situation. As one of the lower-spending clubs, they often trade their best players just before they get to free agency, with Burnes just the most recent example. That's not to say they were forced to do it, but it's understandable why they make such moves. The trade return is usually much more appealing than holding the player all the way until free agency and, in a best-case scenario, recouping draft compensation after the player rejects a qualifying offer and signs elsewhere.

All of that was before the season even started. Once spring training began, the challenges mounted. Closer Devin Williams was diagnosed with back fractures in March, setting him up to miss roughly the first half of the season. Wade Miley required Tommy John surgery in May, ending his season prematurely. Robert Gasser, called up to help cover for Miley, required his own UCL surgery in June. Christian Yelich didn't play after July 23 due to his lingering back problems, undergoing season-ending surgery in August.

Despite all of that, the Brewers managed to take the division, but fresh challenges now lie ahead. Shortstop Willy Adames is slated to become a free agent, a notable subtraction from their roster. Williams seems likely to be this year's candidate for a trade before reaching free agency, with general manager Matt Arnold recently admitting that the club will have to be "open-minded" about the possibility.

Meanwhile, the club will no longer have a broadcast relationship with Bally Sports/Diamond Sports Group. Their deal with Diamond ended in 2024 and they will now have Major League Baseball handling their broadcasts in direct-to-consumer fashion. Such an arrangement could be beneficial in the long run with the decay of the cable model but it's likely to lead to less revenue in the short term, which could further squeeze a club that always has payroll concerns.

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Offseason Outlook: Kansas City Royals

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The 2024 Royals added 30 wins relative to the prior season, going from 56 to 86 and sneaking into the playoffs for the first time since their World Series win in 2015. Now they'll go into the winter as clear contenders for the first time in a while, but still with lots of uncertainty ahead.

Guaranteed Contracts

  • Bobby Witt Jr., SS: $279MM through 2034 (Final four years are annual player options; Royals can trigger three-year club option for '35-'37 if Witt triggers all player options)
  • Seth Lugo, RHP: $30MM through 2026 ('26 is $15MM player option)
  • Salvador Perez, C: $24MM through 2025 (including $2MM buyout on '26 club option; $2MM of '25 salary is deferred)

Other Financial Commitments

Option Decisions

Total 2025 commitments (assuming Renfroe and Stratton are the only two options triggered): $61.5MM
Total future commitments (assuming Renfroe and Stratton are the only two options triggered): $348.5MM

Arbitration-Eligible Players (projections via Matt Swartz)

Non-tender candidates: Taylor, Harvey, Hernández, Melendez

Free Agents

Coming into 2024, the Royals were an afterthought for many observers. They had spent close to a decade in the wilderness, finishing at .500 or below in each season from 2016 to 2023. But they managed to shoot back into contention this year and secure a postseason berth, mostly thanks to their starting pitching.

The Kansas City rotation had a 3.55 earned run average this year, second only to the Mariners. An aggressive offseason a year ago played a part in that, as the Royals were one of the more active teams last winter. Their two biggest free agent deals were for starting pitchers Seth Lugo and Michael Wacha, both of which were big wins for the club this year. Lugo made 33 starts and tossed over 200 innings with a flat ERA of 3.00, which will surely lead to some Cy Young votes. Wacha got to 29 starts and 166 2/3 innings with a 3.35 ERA.

They also gave a massive extension to Bobby Witt Jr., who went on to have an MVP caliber season in 2024. Those moves and others pushed the payroll to $115MM, per Cot's Baseball Contracts, getting into nine-figure territory for the first time since their last competitive window closed. It's unclear whether they plan to maintain that level of spending, increase it or decrease it.

It was speculated by some that the free agent signings and the Witt extension last winter were an attempt by owner John Sherman to build some public goodwill that would help him secure public money for a new stadium. But in April, voters in Jackson County, Missouri rejected a sales tax measure that would have provided funding for a new stadium for the Royals as well as upgrades for Arrowhead Stadium, home of the NFL's Chiefs.

There's also the broadcast revenue situation to consider. The Royals were one of the clubs with Bally Sports in 2024 but they may not be able to continue that relationship going forward. Diamond Sports Group, the company that has owned Bally for years, has been in bankruptcy for almost two years now and is planning to significantly scale back its MLB operations in 2025. As of a few weeks ago, they were reportedly planning to cut ties with 11 of the 12 clubs they broadcasted in 2024, with the Royals one of the many on the chopping block. It's possible that a new deal could be worked out, but that would come with lower fees than the club had received previously. The Royals reportedly received $45MM as part of their deal with Diamond as recently as 2022.

Even though the club just had a strong season and got some playoff revenue, will Sherman have less interest in throwing money at the team now that the stadium situation is in no man's land and there's likely less TV money coming in?

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Offseason Outlook: Athletics

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Outside attention on the A's will center on their temporary move to Sacramento. The front office's focus will be on supplementing a burgeoning offensive core. A decent second half offers hope the A's could push close to .500 with a few additions to the pitching staff. With a completely blank payroll slate, they'll need to spend some money.

Guaranteed Contracts

  • None

2025 financial commitments: $0
Total future commitments: $0

Option Decisions

  • None

Arbitration-Eligible Players (projections via Matt Swartz)

Non-tender candidates: Adams, Andujar, Brown, Jiménez

Free Agents

The Oakland A's era ended last month after 57 years. The Las Vegas era won't begin for three more. The A's will call Sacramento's Sutter Health Park their temporary home from 2025-27. A's ownership will put the finishing touches on securing $380MM in public funds from Clark County and Nevada to begin construction on their Vegas ballpark. General manager David Forst and his front office get the unenviable task of trying to sell a few veteran players on joining a team that'll call a Triple-A park home.

By default, Forst and his staff will have money to spend. The A's incredibly have zero dollars committed to the 2025 player payroll. MLBTR contributor Matt Swartz projects the entire arbitration class to cost $14.4MM. The actual outlay will be a lot less, as only Brent Rooker (projected just north of $5MM) is guaranteed to be brought back.

Each of the A's commitments last winter were one-year deals. The last player they've signed (free agent or extension) for more than two seasons: Ryan Madson in 2015. It's fair to presume the aversion to long-term spending isn't changing in Sacramento, yet the A's will need to add a couple players on short-term pacts. The A's opened the 2024 season with a player payroll around $61MM, as calculated by Cot's Baseball Contracts. Even by John Fisher ownership standards, the A's should add $25-30MM to next season's payroll.

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Offseason Outlook: Detroit Tigers

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One of the great late-season surges in baseball history brought the Tigers from eight games under .500 to within a game of the AL Championship Series.  With the rebuild now over, the Tigers have plenty of avenues available to bolster the roster for 2025.

Guaranteed Contracts

  • Javier Baez, SS: $73MM through 2027
  • Colt Keith, 2B: $24,142,500 through 2030 (includes $2.6425MM buyout of $10MM club option for 2030; deal also includes $13MM club option for 2031 with $1MM buyout, and $15MM club option for 2032 with $2MM buyout)
  • Kenta Maeda, SP/RP: $10MM through 2025

2025 financial commitments: $38.5MM
Total future commitments: $107,142,500

Option Decisions

  • Casey Mize, SP: $3.1MM club option, $10K buyout (if option is declined, Mize is still arbitration-controlled through 2026)

Arbitration-Eligible Players (projections from MLBTR contributor Matt Swartz)

Free Agents

  • None

After moving most of their veteran players at the trade deadline, Detroit looked to be playing out the string as late as August 10, when a 3-1 loss to the Giants dropped the Tigers' record to 55-63.  That's when the magic started happening, as the Tigers went 31-13 over their last 44 games to surge into the final AL wild card spot, giving Detroit its first playoff berth since 2014.  The club then upset the Astros in the Wild Card Series and took the Guardians to the limit in the ALDS before Lane Thomas' clutch grand slam in Game 5 finally put the upstart Tigers away for good.

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Offseason Outlook: San Diego Padres

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The Padres won 93 games and went into October as a trendy pick for a long playoff run. Their bats stalled out in the final two games against the Dodgers, sending them into an offseason that could see a decent amount of turnover with a handful of important free agents.

Guaranteed Contracts

Option Decisions

  • LHP Wandy Peralta can opt out of final three years and $13.15MM on his deal
  • Team, SS Ha-Seong Kim hold $8MM mutual option ($2MM buyout)

Additional Financial Commitments

  •  Owe $12.24MM to Red Sox as condition of Eric Hosmer trade

2025 financial commitments: $138MM
Total future commitments: $1.117 billion

Arbitration-Eligible Players (projected salaries via MLBTR contributor Matt Swartz)

Non-tender candidates: Wade, Patiño

Free Agents

It seems like every offseason in San Diego results in a significant shakeup. This winter will probably be no exception, even if the Padres aren't going to make a single move that is as impactful as last winter's Juan Soto/Michael King blockbuster. Between a hefty arbitration class, a number of free agents who played key roles in 2024, and a late-season injury that dealt a hit to their rotation, there's a lot for the front office to address.

The offseason kicks off with option and qualifying offer decisions. There's not much intrigue with San Diego's pair of option calls. Wandy Peralta will forego his chance to opt out of the remaining $13.15MM on his free agent deal. Ha-Seong Kim will collect a $2MM buyout on his mutual option and test the market.

San Diego probably won't issue a QO to any of their free agents. The midseason trade renders Tanner Scott ineligible, not that the Friars were likely to offer a $21.05MM commitment to a reliever anyhow. Kim once seemed like an easy call for the QO, but his late-season labrum surgery makes that too risky. The only other candidate would be Jurickson Profar, who'll be one of the tougher free agents to value after a career year. If the Padres expect Profar to repeat this year's production, he'd be worth the QO price. Profar's career has been wildly inconsistent, though, and there's probably not enough payroll space to offer the first-time All-Star more than $21MM while addressing multiple holes on the roster.

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Offseason Outlook: Toronto Blue Jays

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Quick postseason exits in 2022 and 2023 left the Blue Jays wondering last winter if their core roster was good enough to compete for a World Series.  Heading into this offseason, the question is now if the Jays' core can even still contend at all, after the team cratered to a 74-88 record.  In what could potentially be Vladimir Guerrero Jr.'s last season in Toronto, the Jays are under enormous pressure to turn things around.

Guaranteed Contracts

Other Commitments

2025 financial commitments: $117.72MM
Total future commitments: $246.22MM

Arbitration-Eligible Players (projections from MLBTR contributor Matt Swartz)

Free Agents

After a comparatively average 2023 season, Guerrero responded with a huge year that re-established him as one of baseball's top hitters.  Daulton Varsho also improved to roughly league-average offense, and continued his exceptional glovework in Toronto's outfield.  Alejandro Kirk has quietly become something of the catching equivalent of Varsho, as a standout defender whose bat leaves something to be desired.  Kevin Gausman, Jose Berrios, and Chris Bassitt were more good than great this season but they bring a lot of durability and general effectiveness to the rotation.  They'll be joined in next year's staff by Bowden Francis, whose sudden emergence in the second half made him like a budding ace, let alone simply worthy of a starting role.

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Offseason Outlook: Baltimore Orioles

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The Orioles got off to a strong start in 2024 but were only two games above .500 over their final 100 contests. They still finished with 91 wins, third-most in the American League, but their season ended in disappointment. For the second year in a row, the Orioles were swept out of the postseason in short order. General manager Mike Elias seems confident he’ll have more payroll flexibility this winter, but he’ll also be tasked with replacing (or re-signing) two of the 2024 team’s most valuable contributors.

Guaranteed Contracts

Additional Financial Commitments

  • Craig Kimbrel, RHP: $1MM buyout owed on $13MM club option for 2025

Total 2025 commitments: $22MM
Total future commitments: $22MM

Option Decisions

  • Eloy Jiménez, DH: $16.5MM club option for 2025 with $3MM buyout (White Sox will pay $1.5MM toward buyout)
  • Seranthony Domínguez, RHP: $8MM club option for 2025 with $500K buyout
  • Ryan O’Hearn, 1B/DH/OF: $8MM club option for 2025
  • Danny Coulombe, LHP: $4MM club option for 2025
  • Cionel Pérez, LHP: $2.2MM club option for 2025 (eligible for arbitration if club option declined)

Arbitration-Eligible Players (service time in parentheses; salary projections via MLBTR contributor Matt Swartz)

Non-tender candidates: Soto, Smith, Mateo, Bowman, Rivera

Free Agents

The Orioles have money coming off the books this winter, most notably the salaries of Corbin Burnes ($15.64MM), Craig Kimbrel ($12MM), and Anthony Santander ($11.7MM). However, Zach Eflin is due for a raise, and his salary will be on the payroll from day one. Seranthony Domínguez, Ryan O'Hearn, Danny Coulombe, and Cionel Pérez could also receive raises if the O’s exercise their club options. (The same is true for Eloy Jiménez, but this team is more likely to pick up and move to Baltimore, Ireland than it is to pick up that option.)  In addition, the Orioles have more arbitration-eligible players than any other team. 

If the Orioles pick up all of their club options (aside from Jiménez’s) and tender contracts to all of their arbitration-eligible players, that would put their player payroll for 2025 at around $105.8MM, a number that includes guaranteed contracts, buyouts, estimated salaries for arb-eligible players, and RosterResource’s $9.12MM estimate for pre-arb salaries. To put that in context, RosterResource estimates their final payroll in 2024 was $103MM. All that to say, ownership and the front office have little choice but to increase the payroll if they're planning to improve the roster over the winter.

It's a good thing, then, that Elias suggested he'll have more spending power this offseason than he has in the past. He has not confirmed that the Orioles' payroll will rise in 2025, but he told reporters (including Jake Rill of MLB.com), “I would be pretty confident that we’re going to keep investing in the Major League payroll.”

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Offseason Outlook: Arizona Diamondbacks

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The Diamondbacks fell just short of the playoffs, as arguably the league's best-hitting team was let down by subpar pitching.  Fixing the pitching will be a priority, but Arizona will also have to fill what could be several prominent holes in the lineup.

Guaranteed Contracts

  • Corbin Carroll, OF: $102MM through 2030 (includes $5MM buyout of $28MM club option for 2031)
  • Eduardo Rodriguez, SP: $66MM through 2027 (includes $6MM buyout of $17MM vesting option for 2028)
  • Ketel Marte, 2B: $49MM through 2027 (includes $3MM buyout of $13MM club option for 2028)
  • Lourdes Gurriel Jr., OF: $32MM through 2026 (includes $5MM buyout of $14MM club option for 2027; Gurriel can opt out of contract after 2025 season)

Option Decisions

2025 financial commitments: $55MM ($123.5MM if all players with options remain on the team)
Total future commitments: $249MM ($317.5MM if all players with options remain with the team)

Arbitration-Eligible Players (projections from MLBTR contributor Matt Swartz)

Free Agents

The 2023 Diamondbacks won 84 games to sneak into the last NL wild card spot, then went on a magical postseason run that took them to a World Series appearance.  This breakout performance emboldened the D'Backs to spend to new heights, as the club's Opening Day payroll of just under $163.4MM was by far the largest in franchise history.  Topping their 2023 payroll by over $47.1MM bought the Snakes five more regular-season wins, but this time it wasn't enough to even reach October --- a 2-5 record in their last seven games left the D'Backs tied with the Braves and Mets on 89 wins, but Arizona fell behind both teams on tiebreakers.

It was a crushing ending for a team that saw several of its investments from last season pay off handsomely, except almost all of the success came on the offensive side.  The re-signed Lourdes Gurriel Jr., newcomer free agents Joc Pederson and Randal Grichuk, and trade acquisition Eugenio Suarez joined with the rest of the mighty lineup to lead all of baseball with 886 runs scored.

Unfortunately, the Diamondbacks also had the fifth-most runs allowed (788) of any team in the league.  Arizona ranked 25th in bullpen ERA (4.41) and 27th in rotation ERA (4.79), as the team's approach to building both pitching units backfired.

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