The Opener: Soto, Signings, Relief Market

As the baseball world gears up for the Winter Meetings, here are three things we’ll be keeping an eye on today:

1. Soto bidding reaches new heights:

The bidding for Juan Soto has reportedly surpassed $600MM, the price tag MLBTR predicted the outfielder would land in our annual Top 50 MLB Free Agents list. The news confirms what has been apparent all along: barring a surprise decision to accept massive deferrals, Soto will land the most lucrative contract in MLB history this winter — at least in terms of the deal’s net present value. The Mets, Yankees, Red Sox, Blue Jays, and Dodgers are generally considered to be the top suitors, and there’s been no firm indication to this point that any of them are out of the bidding. With Soto narrowing the field, could a deal be in place before the Winter Meetings begin in Dallas?

2. Signings to be made official:

A handful of reported signings have yet to be made official by their clubs: the Mets’ two-year pact with Frankie Montas, the Cubs’ two-year deal with Matthew Boyd, and the Red Sox’ one-year agreement with Aroldis Chapman. It’s possible those deals are being held up while each club arranges for their new player to take a physical, as is commonplace before finalizing a contract. All three of those teams had open space on their 40-man roster at the time of reaching the agreements, so corresponding moves won’t be necessary. Still, as deals become official, additional details sometimes pop up, as was the case with the recent revelation that Blake Snell’s deal with the Dodgers contained a conditional option for a sixth year.

3. Movement on the relief market:

That aforementioned deal between the Red Sox and Chapman was the first significant signing of a reliever this winter. A handful of relievers have signed small major league deals this winter but Chapman’s $10.75MM guarantee dwarfs those of the other early signers, which are led by the $2.25MM guarantee Boston made to Justin Wilson last month. At such an early point in the offseason, there are still plenty of quality options on the relief market, which is led by southpaw Tanner Scott. Rumors that other top relievers like Jeff Hoffman and Clay Holmes have garnered interest as starters could thin out top end of the relief market a bit.

Chapman highlighted this winter’s class of one-year options from the left side out of the bullpen, though other veterans like Tim Hill, Danny Coulombe, and Andrew Chafin remain as solid options in the next tier down. Could Chapman’s signing spur more movement on the relief market, particularly with the other southpaws?