Nine Teams Exceeded Luxury Tax Threshold In 2025
Major League Baseball has finalized its calculations of teams’ competitive balance tax payrolls for the 2025 season. As first reported by The Associated Press, nine teams surpassed the $241MM base threshold. In a separate post, The AP lists the finalized CBT numbers for all 30 teams.
The payments are as follows:
- Dodgers: $169.4MM
- Mets: $91.6MM
- Yankees: $61.8MM
- Phillies: $56.1MM
- Blue Jays: $13.6MM
- Padres: $7MM
- Astros: $1.5MM
- Red Sox: $1.5MM
- Rangers: $190K
Teams pay escalating penalties for exceeding the threshold in consecutive seasons. The Dodgers, Mets, Yankees, Phillies and Rangers have all paid the tax in at least three straight years — subjecting them to the highest escalator fees. The Astros went over the line for the second straight season. The Blue Jays, Padres and Red Sox had gotten below in 2024 and are categorized as first-time payors.
This is the second straight year in which nine teams paid the CBT. The Braves, Giants and Cubs had gone over the line in ’24 but dipped below this year, which resets their status going into 2026. Atlanta’s active offseason puts them in position to go back into tax territory next year, when the base threshold climbs to $244MM. San Francisco and Chicago each have projected CBT numbers more than $40MM below that right now.
While public estimates from RosterResource and Cot’s Baseball Contracts offer an excellent approximation of teams’ payroll commitments, the official numbers are not available during the season. It’s not uncommon for rounding errors in those calculations to vary by a few million dollars. That generally isn’t a big deal but can matter for teams that are hovering very close to the tax line. Each of the Red Sox ($249MM payroll), Astros ($246MM) and Rangers ($241.38MM) were believed to have gone narrowly beyond the $241MM cutoff, but that wasn’t 100% established until this evening — particularly in the case of Texas.
The Dodgers ($417MM), Mets ($347MM), Yankees ($320MM), Phillies ($314MM) and Blue Jays ($286MM) all had payrolls above $281MM. That was the third tier of penalization and marked the point at which a team’s top draft pick is dropped by 10 spots. The Mets were the only of those five that didn’t make the playoffs. Their top pick drops from 17th to 27th. The Yankees, Philadelphia, Toronto and L.A. all have their first-round pick dropped to between 35th and 40th.
Teams that paid the CBT are entitled to the lowest level of compensation for losing free agents who declined a qualifying offer. They receive a draft choice after the fourth round for each qualified free agent who walks. They’re charged the heaviest penalty — their second- and fifth-highest picks in 2026 and $1MM from their ’27 international bonus pool — for signing a qualified free agent from another team.
San Diego and the Mets receive a pick after the fourth round for losing Dylan Cease and Edwin Díaz, respectively. Toronto (Bo Bichette), Houston (Framber Valdez) and Philadelphia (Ranger Suárez) would receive the same if their free agents sign elsewhere. The Dodgers surrendered their second- and fifth-round selections for Díaz. Toronto is slated to do the same for Cease, but if Bichette walks, they’d give up that compensatory pick instead and get their fifth-rounder back.
The Dodgers’ combined payroll and tax bill for the 2025 season lands north of $586MM. The two-time defending champions’ tax hit alone is higher than the payrolls of the bottom 12 teams in the league. There were 14 clubs that had a CBT number above $200MM. The Braves, Cubs, Giants, Angels, Diamondbacks and Mariners were the other six teams above the median. All but Seattle spent more than $200MM.
On the other end, the Marlins ($87MM) and White Sox ($92MM) were the two teams with payrolls below $100MM. The Rays ($103MM), Pirates ($109MM) and Athletics ($118MM) rounded out the bottom five — followed by the Guardians, Nationals, Twins, Brewers and Reds.
Overall, the league will collect just under $403MM in taxes. Teams must make the payments by January 21. The first $3.5MM will be used to fund player benefits. Half the remaining money goes to players’ retirement accounts, while the other half is used for revenue sharing distribution from MLB to teams.
Latest On Pete Fairbanks’ Market
While most of the top free agent relievers are off the board, former Rays closer Pete Fairbanks remains unsigned. The Diamondbacks, Marlins and White Sox are among the teams that have been linked to the hard-throwing righty.
The connection with Miami has come up on a few occasions. The Marlins are looking for a high-leverage reliever. Fairbanks has ties to president of baseball operations Peter Bendix from their time in Tampa Bay. In an appearance on Foul Territory this week, Izaac Azout of Fish On First suggested that Miami has shown a willingness to offer a one-year deal in “the mid-teens” range and floated the possibility that Miami could make a $13-14MM proposal.
Tampa Bay could have retained Fairbanks on an $11MM club option. While it’s understandable the front office didn’t want to commit a sizable portion of their budget to a single inning reliever, it was more surprising that the Rays were unable to drum up trade interest. It should work out better for Fairbanks financially. He collected a $1MM buyout and seems well positioned to beat the $10MM difference. ESPN’s Jeff Passan wrote on Thursday that Fairbanks was trending towards either a multi-year deal or a one-year contract worth more than $11MM.
While it’d seem counterintuitive for teams to pay more than the declined option price, that occasionally happens. Option calls are due within the first five days of the offseason. Teams may have preferred to maintain payroll flexibility until they had a better read on the market. Fairbanks was clearly behind the likes of Edwin Díaz, Devin Williams and Robert Suarez.
Clubs that missed out on those relievers — including Miami, who reportedly had shown interest in Williams — could more highly value Fairbanks now than they did six weeks ago. It’s also possible that they stretch to a two-year deal at a sub-$11MM annual rate to save some money in 2026 while giving the pitcher a larger overall guarantee.
The Cubs are another team that makes sense for Fairbanks on paper. They have added Phil Maton and Hoby Milner while re-signing Caleb Thielbar, but they lost arguably their best reliever when Brad Keller signed a $22MM contract with Philadelphia. Patrick Mooney and Sahadev Sharma of The Athletic wrote earlier this week that the Cubs remain open to adding a clearer high-leverage arm. They’ve given some consideration to Fairbanks, per the report, though it’s not clear how seriously they’re involved.
Chicago has shied away from significant bullpen investments over the past few seasons. Their two-year, $14.5MM contract with Maton was already their biggest reliever signing in six years. Fairbanks would cost more than $7.25MM annually but will be looking at a short-term deal as he enters his age-32 season.
Phillies Evaluating Catching Trade Market With Realmuto Still Unsigned
The Phillies have prioritized reunions with Kyle Schwarber and J.T. Realmuto. They succeeded in bringing back the MVP runner-up on a five-year deal at the Winter Meetings. Realmuto’s free agency has been more extended, leaving the Phils in a holding pattern behind the plate.
While a reunion with their longtime catcher remains the priority, Matt Gelb of The Athletic writes that it’s not a lock to come to fruition. The sides obviously have yet to align on contract terms despite Philadelphia’s willingness to offer multiple years. Gelb writes that the Phillies have been involved in trade conversations about potential alternatives. Although there’s no indication anything is close on that front, that highlights the biggest question for the front office.
Aside from Realmuto, the free agent catching market is bleak. Danny Jansen is off the board on a two-year deal with Texas. Victor Caratini is the only other potential starting option, and he has been more of a high-end #2 catcher over the course of his career. Everyone else is a backup or organizational depth type.
That’s also true of the two catchers currently on Philly’s roster, Rafael Marchán and Garrett Stubbs. Marchán was a promising enough prospect that it isn’t out of the question that he could be a solid glove-first starter if given the opportunity. That’d be a gamble for a win-now team, though, and clubs are sometimes reluctant to upgrade the position at the trade deadline because of the adjustment of learning a pitching staff in the middle of a pennant race. The worst case scenario for the Phils is that they wait out Realmuto’s market but get outbid after Caratini has already signed elsewhere. That’d leave them with little choice but to turn to the trade market.
At the same time, they’re probably reluctant to make a trade while Realmuto is still a free agent. Marchán and Stubbs are both out of minor league options. They’re already likely to expose one of them to waivers before Opening Day. Trading for a catcher and re-signing Realmuto could mean losing both of them, as there’s a good chance another team would claim Marchán. Realmuto’s heavy workloads don’t leave much playing time for his backup, so that’s not an ideal use of resources.
The Phils’ trade conversations may be due diligence for now. They still seem likelier than not to figure something out with Realmuto. If that doesn’t come together, speculative trade options include Pedro Pagés, J.C. Escarra, Connor Wong and Jose Trevino.
D-Backs, Ildemaro Vargas Agree To Minor League Deal
The Diamondbacks are in agreement on a new minor league contract with infielder Ildemaro Vargas, reports Jon Heyman of The New York Post. The MAS+ Agency client returns to the organization after being outrighted off the roster at the end of the season.
Vargas has plenty of familiarity with the D-Backs. The veteran utilityman has played three separate big league stints and parts of six seasons in the desert. He got into 38 games this past season. Vargas hit .270 but only walked twice in 121 plate appearances, leading to a modest .292 on-base percentage. He’s a .249/.289/.357 hitter over parts of nine MLB seasons.
Defensive versatility has been Vargas’ calling card. The majority of his experience has been at shortstop, but he saw more action between second and third base this year. He’s entering his age-34 season and likely headed to Triple-A Reno. The D-Backs also added glove-first shortstop Jacob Amaya as non-roster infield depth earlier this offseason.
Pirates Designate Marco Luciano, Tsung-Che Cheng For Assignment
The Pirates are designating outfielder Marco Luciano and infielder Tsung-Che Cheng for assignment, as first reflected on the MLB.com transaction log. Pittsburgh needed to open two spots on the 40-man roster after this morning’s three-team trade that netted Brandon Lowe, Mason Montgomery and Jake Mangum.
Luciano, 24, was a waiver claim from the Giants a couple weeks ago. It was a no-risk flier on a former top prospect who has yet to show much at the big league level. Luciano once ranked among the sport’s top 15 minor league talents at Baseball America. He was then a teenage shortstop with massive raw power upside in a 6’1″ frame. His bat has stalled against higher level pitching and he has moved to left field after struggling with errors on the dirt.
San Francisco gave Luciano limited looks in 2023 and ’24. He hit .217/.286/.304 while striking out 45 times in 126 trips to the plate. The Giants kept him in Triple-A for the entire 2025 season. Luciano connected on 23 home runs while walking more than 15% of the time, but he struck out at a near-31% rate. He whiffed on more than 35% of his swings against Triple-A pitching. While Luciano hits the ball hard when he makes contact, the swing-and-miss and limited defensive profile have dropped his stock. He’s also out of minor league options, so he’ll need to stick on an MLB roster or continue bouncing around via DFA limbo.
Cheng is also a 24-year-old who had some prospect attention not too long ago. He was never as well regarded as Luciano was early in his career, yet he ranked among Pittsburgh’s top 10 prospects as recently as 2024. A lefty-hitting infielder, he appeared in his first three big league contests in April. He went 0-7 with three strikeouts and was caught stealing in his only attempt. He spent the rest of the season at Triple-A Indianapolis, where he managed a .207/.305/.267 line with one home run in 406 plate appearances.
The Taiwanese-born Cheng is a good athlete and a versatile defender, but he has been a below-average hitter since reaching the Double-A level in 2023. He has one option year remaining. Pittsburgh has five days to trade or waive both players.
Braves Sign Ian Hamilton To Major League Deal
The Braves announced the signing of reliever Ian Hamilton to a one-year, non-guaranteed contract. Atlanta opened a 40-man roster spot this afternoon when they ran Anthony Molina through waivers. Hamilton is represented by ALIGND Sports Agency.
Hamilton hit the market last month when he was non-tendered by the Yankees. His projected arbitration salary wasn’t far above the league minimum, but he had spent the final two months of the season on optional assignment to Triple-A. Hamilton made 36 appearances before being sent down. He pitched 40 innings of 4.28 ERA ball, striking out a quarter of opponents against a worrisome 13.3% walk rate.
The 30-year-old righty has pitched parts of six MLB seasons between the White Sox, Twins and Yankees. He had a career-best 2.64 ERA behind a 29% strikeout rate for New York back in 2023. His production hasn’t been as strong over the past couple years. Hamilton’s grounder rates have fallen while the free passes jumped this year. He gets plus swing-and-miss rates on his slider but hasn’t gotten great results on his 95-96 MPH sinker.
The 2025 season was Hamilton’s third and final minor league option year. He’ll battle for a middle relief spot in camp. If he doesn’t make the Opening Day roster, the Braves would need to take him off the 40-man and either trade him or run him through waivers.
Hamilton has between three and five years of MLB service time. He’d therefore have the right to decline an outright assignment and elect free agency if the Braves get him through waivers unclaimed, but doing so would mean forfeiting his salary. If he pitches well enough to stick on the roster, Atlanta could control him via arbitration through 2028.
Atlanta doesn’t have a ton of roster flexibility with regards to the bullpen. Raisel Iglesias, Robert Suarez and Aaron Bummer are locked in at the back end. Dylan Lee has two minor league options but is certainly going to be on the roster. Hamilton, Joel Payamps, Danny Young and swing types Bryce Elder, Grant Holmes, José Suarez and Joey Wentz are all out of options. While an injury or two in Spring Training could open roster space, they’re certainly not going to have room for all those pitchers on Opening Day.
Image courtesy of Dan Hamilton, Imagn Images.
Note: This post initially incorrectly referred to Hamilton’s contract as a split deal.
Giants Designate Wade Meckler For Assignment
The Giants designated outfielder Wade Meckler for assignment, the club announced to reporters (including Shayna Rubin of The San Francisco Chronicle). They needed to open a 40-man roster spot upon finalizing the Adrian Houser contract this morning.
Meckler received his first MLB call in August 2023. He hit .232 without a home run in 20 games and was optioned back to Triple-A during the first week of September. He has not appeared in the majors since then despite continuing to hold a 40-man spot until tonight. The left-handed hitter has spent the past two-plus seasons on optional assignment while spending a decent chunk of time on the Triple-A injured list.
Listed at 5’10 and 190 pounds, Meckler has a smaller frame that doesn’t lend itself to much power potential. He has posted bottom of the scale hard contact rates while hitting almost everything on the ground. His skillset is built around an excellent understanding of the strike zone. Meckler has walked at a 13.4% clip in nearly 700 Triple-A plate appearances over the last three years. He pairs that with good bat-to-ball skills and has only punched out at a 16.7% rate. Meckler owns a .296/.392/.429 batting line at the top minor league level.
The Giants never gave Meckler much of a look despite mediocre outfield production over the past couple seasons. They’ll have five days to trade him or place him on waivers. The plate discipline and ability to play all three outfield spots could get him some attention from another club. He still has one minor league option year remaining.
Rays Claim Osvaldo Bido
The Rays have claimed right-hander Osvaldo Bido off waivers from Atlanta, according to announcements from both clubs. Atlanta designated him for assignment earlier this week when they signed Ha-Seong Kim. Tampa Bay had 40-man space and didn’t need to make a corresponding move.
Atlanta had only claimed Bido off waivers last week. The 30-year-old righty had spent the 2025 season with the A’s. Bido made Mark Kotsay’s season-opening rotation. He was hit hard over nine starts and pushed to Triple-A in the middle of May. The A’s brought him back up a couple weeks later but used him in long relief for the remainder of the season. He only made one more start, a three-inning appearance against the Tigers in which he gave up four runs.
Bido didn’t pitch especially well in either role. He struggled to a 5.87 earned run average across 79 2/3 innings spanning 26 appearances. He did manage to strike out an impressive 27% of batters faced after the All-Star Break, but even that promise was undercut by a massive 2.30 home runs allowed per nine innings. Bido has a little under 200 career big league innings between the A’s and Pirates. He owns a 5.07 ERA with a 20.9% strikeout rate.
The Rays traded Shane Baz this afternoon. They have a top three in the rotation of Drew Rasmussen, Ryan Pepiot and Shane McClanahan. They signed Steven Matz with an eye towards building him back as a starter. Ian Seymour and Joe Boyle would compete for the fifth starter role as things stand, though it’s possible they reinvest some of the money they cleared in the Baz and Brandon Lowe trades into another free agent pickup in the Matz mold.
Bido isn’t likely to win a rotation spot out of camp. He could have an uphill battle to securing a long relief role either, as the Rays have the out-of-options Yoendrys Gómez lined up for multi-inning work. Bido himself is out of options, so the Rays would either need to carry him on the MLB roster or send hm back into DFA limbo.
Front Office Subscriber Chat Transcript
Anthony Franco
- Hey everyone, hope you've had a good week!
- Will need to keep this one right around an hour because Steve's not feeling well and this afternoon has been crazy. Let's get rolling
Bucs fan
- Please evaluate the trade from the Pirates perspective
Ben Cherrington
- WAIT! WAS THAT REALLY ME?
Anthony Franco
- Might as well start with thoughts on the trades since they're top of mind
- I really like the three-team deal for everyone involved. Probably most favorable for it on Pittsburgh's end though. Lowe's a massive offensive upgrade and I'm still very much in on Montgomery even though this year was a disappointment
- There's probably only a 20% chance that Montgomery throws enough strikes to click to his full potential, but if he does, it's top 10 reliever in MLB type stuff. As a developmental second piece, absolutely in on that
- Mangum's a fine extra outfielder. Never really been in on him as a prospect but he's already carved out a better pro career than I assumed he'd have based on the limited physical tools
- I like Burrows quite a bit but they needed to trade a starter for offense and he was always the one who offered the best blend of real trade value without the huge ceiling of Ashcraft, Jones, Chandler etc.
- The Astros needed a cheap mid-rotation arm and got it without giving up Meyers or Cam Smith. I'm lowest on it from the Rays perspective relatively speaking, but they'll be able to get an immediate look at Melton and must love Brito, since he reportedly came up when they were kicking around Baz with Houston. I think it works for all involved
MattStats5
- Orioles need arms, and Baz is a solid pick up. Seems like an overpay to me, though. Your thoughts?
Anthony Franco
- Yeah, this one I just prefer from Tampa Bay's end. I get the appeal with three years of control over Baz but the inconsistency, middling command, and injury history give me enough pause that I would not have gone as far as Baltimore did
- Baltimore needed a starter who has upper mid-rotation ceiling and Baz provides that. I don't know what the ask would have been with Miami on Cabrera or if Gore was feasible given the organizational history, but I'd rather have either of those pitchers than Baz
Mariners
- Do you think this happened because Pittsburgh was told they were out on either Marte or Donovan?
Anthony Franco
- They could still make either of those guys work by using Lowe at DH or kicking Donovan around the diamond, but I never felt like Pittsburgh was the top landing spot for either one
- You've got the intra-division complications with STL. I still remain skeptical that the D-Backs are trading Marte despite all the smoke and even if they do, that's a pretty big contract by Pirates standards to take on while giving up a ton of young pitching talent
Philly A's
- The Phillies trading Strahm is confusing, $7.5m isnt really that much of a salary dump.
Anthony Franco
- Agreed. Felt like they were determined to trade one of the lefty reliever (ideally him) for reasons that were never entirely clear to me
- The velocity has trended down so maybe they just think he's cooked, but like you mentioned, the $7.5M salary is fine. Bowlan was pretty good this year and maybe they build him back into a swing role?
Al
- How likely is it that Jordan Walker will be traded?
Anthony Franco
- I don't see the point of doing it this winter, value is way down. I'd give him one more shot
Bob T.
- It appears that the Angels are following the same script as the last ten plus years. They are still in the same boat as before the Winter Meetings. They still need a CF, 2B, 3B another starter or more and a closer.
will Arte loosen the purse strings or is this the team he intends to field. I can see 100 losses this season. Thoughts?
Anthony Franco
- They've got enough payroll space even relative to last season that I think they'll at least come away with a third baseman and another leverage reliever
- That's still not enough but I'll say that within those restrictions, I'm a little more bullish on the Rodriguez, Manoah and Grissom dice rolls than I have been on their buy-low candidates of the previous few years
Bill
- All of the Braves projected needs seem to have been addressed except for a starter, whom do you think is likely in the remaining group?
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Padres Re-Sign Michael King
December 19th: The Padres officially announced their deal with King today.
December 18th: The Padres have an agreement to re-sign Michael King to a three-year contract with opt-outs after the first two seasons. The Excel Sports Management client is reportedly guaranteed $75MM.
He’ll receive a $12MM signing bonus and a $5MM salary for the 2026 season. He’d collect a $5MM buyout if he opts out of the remaining two years and $53MM. King would make $28MM in 2027 if he opts in and would then have a $30MM player option for the ’28 campaign. While the Padres have yet to announce the deal, he has reportedly already passed his physical.
It’s a surprise strike for a San Diego team that had seemed likely to lose King and Dylan Cease in free agency. It wasn’t clear whether they’d have the short-term spending capacity to keep either pitcher. While they were never expected to come close to the $210MM guarantee which Cease received, they’ll bring King back on a short-term deal to help a rotation that was their top priority.
The 2026 season will be the righty’s third in San Diego. The Padres acquired King as the centerpiece of their Juan Soto return over the 2023-24 offseason. He had run with a limited rotation opportunity late in his final season as a Yankee after years of strong work out of the bullpen. San Diego committed to him as a full-time starter and was rewarded with a career season.
King pitched to a 2.95 earned run average with 201 strikeouts over 173 2/3 innings. He finished seventh in NL Cy Young balloting and entered his walk year as a candidate for a nine-figure contract. He looked on his way to a $150MM+ deal after getting out to an even better beginning to the ’25 campaign. He turned in a 2.59 ERA while striking out 28.4% of batters faced over his first 10 starts.
The Padres scratched King from his outing on May 24 with stiffness in his throwing shoulder. Then-manager Mike Shildt initially framed it as a minor issue that arose when the pitcher slept awkwardly. It proved a much bigger problem. King went on the injured list with what the team called inflammation. They subsequently determined it was a nerve injury that came with a nebulous timeline. He wound up missing almost three months.
King made his return on August 9. He made one start before going back down with left knee inflammation. That cost him another month, and he wasn’t as effective when he made it back for good in September. King didn’t get beyond five innings in any of his final four starts. He gave up 10 runs over 15 2/3 innings. Most of the damage came in an eight-run drubbing at the hands of the Mets on September 16. King’s final two appearances were scoreless, but those came with an uninspiring 7:6 strikeout-to-walk ratio.
The Padres didn’t fully trust King going into October. They opted for Nick Pivetta, Cease, and Yu Darvish to start in their Wild Card Series loss to the Cubs. King’s only playoff action was one scoreless inning of relief in the decisive Game 3. He struck out three of four batters while averaging 95.6 MPH on his fastball. That was his highest single game velocity of the season. That’s to be expected during a one-inning appearance with the heightened adrenaline of a must-win game, but it was an encouraging sign for the health of his shoulder.
San Diego issued the $22.025MM qualifying offer. It was an easy call for King to decline in search of a multi-year deal. This arrangement functions as a bit of a pillow contract but with a much higher floor than the one-year QO would have provided. King would make $22MM if he opts out after one year. That result would be the same as if he’d accepted the qualifying offer. The extra two guaranteed seasons afford him a lot more injury protection.
King’s guarantee technically falls just shy of MLBTR’s four-year, $80MM prediction. However, the higher average annual value and the opt-outs make this a stronger overall deal for the player. He’ll have a chance to return to free agency in advance of his age-32 season and cannot be tagged with another qualifying offer. A healthier season could position him for a four- or five-year contract.
Health is no small caveat. The ’24 campaign is the only time King has reached even 105 innings in a season. While that’s in part because the Yankees used him as a reliever, King missed extended stretches in 2021 (finger contusion) and ’22 (elbow fracture) in addition this year’s shoulder woes. The Padres are taking on some injury risk but get the upside of a potential top-of-the-rotation arm on a short-term deal.
King and Pivetta project as their top two starters. San Diego has reportedly discussed the latter in trade conversations but would need a huge return to move him. Joe Musgrove is back from Tommy John surgery and slots into the #3 rotation spot. They’ll be without Darvish for the entire season, so the final two starting jobs are up for grabs. Randy Vásquez and JP Sears lead the internal options, but the Padres could look for a cheaper back-end/swing type later in the winter. They’ll surely kick the tires on controllable arms in trade, as well, as both Pivetta and King can opt out.
San Diego’s projected payroll climbs to $218MM, as calculated by RosterResource. The backloaded nature doesn’t change the $25MM AAV used for luxury tax purposes. They’re up to a projected $259MM in tax commitments. They’ll exceed the $244MM base threshold for the second straight season. Repeat payors are taxed at a 30% rate for their first $20MM in overages. Re-signing King costs around $4.5MM in taxes.
The more significant development is that it moves them closer to the $264MM second tier, at which the rate climbs to 42%. The Padres had nearly $280MM in luxury tax commitments this year, according to Cot’s Baseball Contracts. Their actual salary obligations were around $209MM, though, so it’s unclear how much more flexibility the front office has at its disposal. In addition to the need for a back-end starter, they should acquire another bat to plug in at first base or designated hitter and could use a better utility infielder than Will Wagner and Mason McCoy.
King’s deal is the second-largest of the offseason in what has been a slowly developing market for free agent starting pitchers. Cease is the only other starter who has signed for more than $40MM so far. The rotation market should pick up in the next few weeks. NPB star Tatsuya Imai needs to sign before his 45-day posting window closes on January 2. Framber Valdez, Ranger Suárez and Zac Gallen join Imai as the top unsigned arms.
Mark Feinsand of MLB.com was first on the agreement, contract terms, and the note that the physical is already complete. Image courtesy of Vincent Carchietta, Imagn Images.