The New Year serves as a symbolic halfway point of the offseason. It has been just over two months since the Dodgers knocked off the Yankees to win the World Series. We’re a little more than six weeks from pitchers and catchers reporting to Spring Training.
Twenty six of MLBTR’s Top 50 free agents have come off the board. Four of the top 10 remain unsigned, as well as Roki Sasaki (who was not ranked because his earning power is limited). More than half the money has been spent — Alex Bregman is the only unsigned player who landed within our top six free agents — but the offseason is proceeding at a relatively normal pace. It has moved a little more quickly than last winter, when 22 players from our Top 50 had signed by the time the calendar flipped to January.
Using MLBTR’s Contract Tracker, we’ll look through every team’s activity on the open market. We’ll stretch back to November 4, the date at which free agents were first allowed to begin discussing contract terms with every team. That excludes a pair of deals that were signed within the five-day exclusive negotiation window for teams to discuss contracts with their own free agents: the Reds’ $2.25MM deal with Brent Suter and the Royals retaining Michael Wacha on a three-year, $51MM contract.
This isn’t an exhaustive look at a team’s offseason activity. The Blue Jays (Andrés Giménez), Angels (Jorge Soler), Cubs (Kyle Tucker) and Yankees (Cody Bellinger) are among teams that have acquired highly-paid players in trade. The Dodgers signed Tommy Edman to an extension that guaranteed $64.5MM in new money. This is strictly a look at free agent activity.
For this exercise, we’ll take the total amount even if the contract includes deferred money. Teams are ordered by overall spending.
1. New York Mets
Total guarantees: $917.25MM
- OF Juan Soto: Fifteen years, $765MM
- LHP Sean Manaea: Three years, $75MM ($23.25MM deferred)
- RHP Clay Holmes: Three years, $38MM
- RHP Frankie Montas: Two years, $34MM
- RHP Griffin Canning: One year, $4.25MM
- INF Jared Young: One year split contract ($425K in minors)
- RHP Dylan Covey: One year split contract ($350K in minors)
- RHP Justin Hagenman: One year split contract ($225K in minors)
2. Los Angeles Dodgers
Total spending: $287MM
- LHP Blake Snell: Five years, $182MM ($65MM deferred)
- OF Teoscar Hernández: Three years, $66MM (approximately $23MM deferred)
- RHP Blake Treinen: Two years, $22MM
- OF Michael Conforto: One year, $17MM
3. New York Yankees
Total guarantees: $235.5MM
- LHP Max Fried: Eight years, $218MM
- 1B Paul Goldschmidt: One year, $12.5MM
- RHP Jonathan Loáisiga: One year, $5MM
4. Arizona Diamondbacks
Total guarantees: $210MM
- RHP Corbin Burnes: Six years, $210MM (roughly $60MM deferred)
5. San Francisco Giants
Total guarantees: $182MM
6. Texas Rangers
Total guarantees: $130.5MM
- RHP Nathan Eovaldi: Three years, $75MM
- DH Joc Pederson: Two years, $37MM
- C Kyle Higashioka: Two years, $13.5MM
- LHP Hoby Milner: One year, $2.5MM
- RHP Jacob Webb: One year, $1.25MM
- RHP Shawn Armstrong: One year, $1.25MM
- RHP Luis Curvelo: One year split deal
7. Los Angeles Angels
Total guarantees: $80.25MM
- LHP Yusei Kikuchi: Three years, $63MM
- C Travis d’Arnaud: Two years, $12MM
- SS Kevin Newman: One year, $2.75MM
- RHP Kyle Hendricks: One year, $2.5MM
8. Baltimore Orioles
Total guarantees: $71MM
- OF Tyler O’Neill: Three years, $49.5MM
- RHP Tomoyuki Sugano: One year, $13MM
- C Gary Sánchez: One year, $8.5MM
9. Athletics
Total guarantees: $70.95MM
- RHP Luis Severino: Three years, $67MM
- 3B Gio Urshela: One year, $2.15MM
- LHP T.J. McFarland: One year, $1.8MM
10. Houston Astros
Total guarantees: $60MM
11. Boston Red Sox
Total guarantees: $52.3MM
- RHP Walker Buehler: One year, $21.05MM
- LHP Patrick Sandoval: Two years, $18.25MM
- LHP Aroldis Chapman: One year, $10.75MM
- LHP Justin Wilson: One year, $2.25MM
12. Cleveland Guardians
Total guarantees: $42MM
- RHP Shane Bieber: Two years, $26MM
- 1B Carlos Santana: One year, $12MM
- C Austin Hedges: One year, $4MM
13. Chicago Cubs
Total guarantees: More than $40.5MM
- LHP Matthew Boyd: Two years, $29MM
- C Carson Kelly: Two years, $11.5MM
- LHP Caleb Thielbar: One year, salary unreported
14. Detroit Tigers
Total guarantees: $30MM
15. Washington Nationals
Total guarantees: $29MM
- RHP Trevor Williams: Two years, $14MM
- RHP Michael Soroka: One year, $9MM
- 1B Josh Bell: One year, $6MM
16. Philadelphia Phillies
Total guarantees: $22.5MM
- OF Max Kepler: One year, $10MM
- RHP Jordan Romano: One year, $8.5MM
- RHP Joe Ross: One year, $4MM
17. Cincinnati Reds
Total guarantees: $21.05MM
- RHP Nick Martinez: One year, $21.05MM qualifying offer
18. Toronto Blue Jays
Total guarantees: $15MM
19. Tampa Bay Rays
Total guarantees: $8.5MM
19. Colorado Rockies
Total guarantees: $8.5MM
- 2B Thairo Estrada: One year, $3.25MM
- 2B Kyle Farmer: One year, $3.25MM
- C Jacob Stallings: One year, $2MM
21. Pittsburgh Pirates
Total guarantees: More than $5MM
22. Chicago White Sox
Total guarantees: $4.75MM
- OF Mike Tauchman: One year, $1.95MM
- OF Austin Slater: One year, $1.75MM
- RHP Bryse Wilson: One year, $1.05MM
23. Atlanta Braves
Total guarantees: More than $360K
- OF Bryan De La Cruz: One year split contract ($180K in minors)
- RHP Connor Gillispie: One year split contract ($180K in minors)
- OF Carlos Rodríguez: One year split contract (salary unreported)
24. Miami Marlins
Total guarantees: $200K
- 3B Eric Wagaman: One year split contract ($200K in minors)
25. Milwaukee Brewers
Total guarantees: More than $0
- LHP Grant Wolfram: One year contract (salary unreported)
26. Kansas City Royals
Total guarantees: $0
- None*
26. Minnesota Twins
Total guarantees: $0
- None
26. San Diego Padres
Total guarantees: $0
- None
26. Seattle Mariners
Total guarantees: $0
- None
26. St. Louis Cardinals
Total guarantees: $0
- None
* Counting Wacha as a free agent deal rather than an extension would push Kansas City to 12th in total spending