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Rangers’ Cody Bradford Targeting Return In May From Elbow Surgery

By Anthony Franco | January 19, 2026 at 11:57pm CDT

Rangers left-hander Cody Bradford is working back from last June’s internal brace procedure. Reporting from the end of the regular season suggested Bradford could make an atypically quick recovery and be ready for the start of Spring Training, but it seems the Rangers are now planning for the southpaw to miss the first month or so of the season.

Bradford tells Shawn McFarland of The Dallas Morning News that he’s scheduled to throw his first bullpen session this week. He’s hopeful of embarking on a minor league rehab assignment not long after the start of the regular season. That’d put him in line for a return to MLB action sometime in May.

A local product who attended Baylor, Bradford debuted in a swing role in 2023. He struggled as a rookie but showed more promise in year two. Bradford missed the first half of the ’24 season with a back injury but pitched well upon getting a rotation look once he returned. He took the ball 14 times and posted a 3.54 earned run average with a 23% strikeout rate against a 4.2% walk percentage. Bradford has always had elite command, but the solid strikeout stuff came as a little more of a surprise. He sits in the 89-90 MPH range with his fastball and managed to keep hitters off balance by playing the four-seam off his 81 MPH changeup.

Bradford had a good chance to open the 2025 season in the rotation. He reported elbow soreness while ramping up during Spring Training. Initial imaging came back clean but he was eventually diagnosed with UCL damage that required surgery. The internal brace doesn’t come with the same 14-16 month rehab window of the full Tommy John procedure.

Texas will open the season with an excellent top three of Jacob deGrom, Nathan Eovaldi and Jack Leiter. The depth falls off sharply. Jacob Latz pitched well last year in a swing role but has never held a rotation spot. Kumar Rocker battled mechanical issues and spent most of the final two months of the season overhauling things at the complex. No one else on the 40-man roster has any kind of MLB starting experience.

President of baseball operations Chris Young said last week the team is focused on deepening the pitching before Opening Day. Some kind of addition feels inevitable, though there’s a decent chance they’ll wait out the market in hopes of grabbing a fifth starter/swing type for a few million dollars during Spring Training.

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Texas Rangers Cody Bradford

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Anthony Veneziano Signs With KBO’s SSG Landers

By Anthony Franco | January 19, 2026 at 10:46pm CDT

The SSG Landers of the Korea Baseball Organization announced this evening that they’ve signed left-hander Anthony Veneziano. The KHG Sports Management client receives a $750K salary and can make another $100K in incentives.

As noted by Dan Kurtz of MyKBO, the signing comes after the Landers pulled out of their agreement with right-hander Drew VerHagen. The club’s medical team had flagged an undisclosed issue with VerHagen’s physical. He’ll return to free agency. That opened a roster spot for a second non-Pacific foreign pitcher alongside righty Mitch White, who is back for his second season with the team. They targeted Veneziano, who was granted his release from a minor league contract with the Rangers to pursue the opportunity.

The 28-year-old Veneziano heads overseas for the first time in his career. He’d been in affiliated ball since 2019, when the Royals took him as a 10th-round draftee out of Coastal Carolina. Veneziano worked as a starter for most of his minor league career. He has been a full-time reliever in the big leagues, only starting one of 40 appearances as an opener. Veneziano has suited up with Kansas City, Miami and St. Louis. He owns a 3.98 ERA with a 21.3% strikeout rate over 40 2/3 MLB innings.

While Veneziano’s big league track record is reasonably solid, he’s coming off a tough season working out of the bullpen in Triple-A. That limited him to a minor league deal. He’ll instead get a guaranteed contract that pays close to what he would have made had he cracked the Texas bullpen. It’s likely he’ll also get an opportunity to build back up as a starter. The foreign player limit for KBO teams means they’re unlikely to use one of those spots on players they’d project as relievers. If he pitches well as a starter for a season or two in Korea, he’d be better positioned to explore MLB opportunities down the line.

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Korea Baseball Organization Transactions Anthony Veneziano Drew VerHagen

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Nationals, Zach Penrod Agree To Minor League Deal

By Anthony Franco | January 19, 2026 at 9:59pm CDT

The Nationals are in agreement with lefty reliever Zach Penrod on a minor league contract, reports Will Sammon of The Athletic. The Dynamic Sports Group client would be paid an $800K rate, marginally above the minimum, if he makes the MLB roster.

Penrod is a former Red Sox farmhand who made seven appearances for Boston in 2024. Nationals president of baseball operations Paul Toboni was an assistant general manager for the Sox at the time. Penrod worked four innings of two-run ball, albeit with five free passes (four walks and a hit batter) against three strikeouts.

The Red Sox designated Penrod for assignment last May in the aftermath of the Rafael Devers trade. They’d acquired two players on the 40-man (Jordan Hicks and Kyle Harrison) in that deal and needed to drop someone from the roster. Boston traded Penrod to the Dodgers for cash. He spent six weeks on the 40-man roster but didn’t make a big league appearance with Los Angeles. They ran him through outright waivers in August, and he elected minor league free agency at the end of the season.

Penrod is coming off a rough year in Triple-A. He allowed almost eight earned runs per nine over 33 1/3 innings. Penrod’s command was unworkable, as he walked more than 20% of opposing hitters. The 28-year-old southpaw has always struggled to throw strikes but has a three-pitch mix (fastball, slider and changeup) that intrigued the Nats. He sits around 95 MPH on the heater.

Washington’s bullpen is wide open. Their only reliever with even two years of MLB service time is righty Julian Fernández, and almost all of that has come while he’s been on the injured list. (He has 10 career appearances.) Every reliever on the 40-man roster has minor league options remaining, with only Rule 5 pick Griff McGarry required to stick on the MLB roster. There’s ample opportunity for minor league free agents to try to earn a spot.

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Transactions Washington Nationals Zach Penrod

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Giants Notes: Eldridge, Schmitt, Hernandez

By Anthony Franco | January 19, 2026 at 8:30pm CDT

Giants rookie first baseman Bryce Eldridge was the subject of some early-offseason trade speculation. San Francisco entered the winter seeking pitching but didn’t appear poised to spend at the top of the free agent market. That led to chatter about Eldridge being included in a trade package for a controllable starter with a top-of-the-rotation ceiling (e.g. MacKenzie Gore).

That kind of move has always seemed like a long shot, as position player prospects of Eldridge’s caliber rarely get moved. The 21-year-old has taken the rumors in stride, saying over the weekend that he has worked to ignore the speculation. “I try not to get too wrapped up in anything going on. … I don’t know how far those talks got,” Eldridge said at Giants FanFest (link via Maria Guardado of MLB.com). “But I want to be here. I want to play for this team. I don’t plan on leaving here anytime soon. I hope they don’t plan on making me leave anytime soon.”

The 16th overall pick in the 2023 draft, Eldridge spent most of last year between the top two minor league levels. He hit 25 homers while combining for a .260/.333/.510 batting line across 433 plate appearances. The 6’7″ Eldridge struck out in more than 29% of his trips to the plate but was an above-average hitter at both minor league stops at age 20. The Giants called him up in the middle of September. He’s not a lock to break camp because of the strikeout questions, yet they’ll surely expect him to play a big role over the course of the season.

Eldridge underwent postseason surgery to address a bone spur in his left wrist. He said he’s essentially at full strength, noting that he’s in the final stages of his hitting program. Eldridge should enter camp healthy as he battles for the starting first base/designated hitter job in what would be a split between the two positions with Rafael Devers.

There’s also uncertainty at the other position on the right side of the infield. The Giants are reportedly making a push for second baseman, and they’ve been linked to Brendan Donovan and to Stanford product Nico Hoerner (a longer shot to move). If they don’t land a big-ticket upgrade, the starting job would fall to Casey Schmitt. He took over from the struggling Tyler Fitzgerald midseason and turned in a league average .237/.305/.401 line in 95 games.

Schmitt is also working back from left wrist surgery — a carpal boss removal, in his case. Susan Slusser of the San Francisco Chronicle relays that the righty-hitting infielder resumed hitting off a tee last week. He might be a little behind schedule in March but seems to be well on track for Opening Day. Schmitt would vie for his first career Opening Day start if he’s healthy and the Giants don’t come away with a marquee trade pickup.

If they do land someone like Donovan, Schmitt would probably work as a multi-positional infielder off the bench. He’s a natural third baseman and has some shortstop experience, but there aren’t many reps available in a left side infield featuring Matt Chapman and Willy Adames. Slusser reports that the Giants have gotten calls from other teams about Schmitt in the two years since they signed Chapman, but his versatility and remaining minor league option mean they’re not under any pressure to deal him.

While Giants fans hope for some kind of big swing to improve the MLB roster, they made a notable move on the minor league side last week. San Francisco officially signed Venezuelan infield prospect Luis Hernández on January 15. His $5MM signing bonus was the biggest for any player in this year’s international period.

MLB Pipeline also ranked the right-handed hitter as the best prospect in the class on talent, praising his polish and all-around skillset. Ben Badler of Baseball America writes that many scouts consider Hernández the top amateur prospect though BA itself doesn’t rank international signees. Hernández, who turned 17 last month, isn’t the biggest player at 5’10” and certainly won’t be an MLB factor for years but represents an intriguing add for the player development department.

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San Francisco Giants Bryce Eldridge Casey Schmitt Luis Hernandez (b. 2008)

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Front Office Subscriber Chat Transcript

By Anthony Franco | January 19, 2026 at 3:20pm CDT

Anthony Franco

  • Hey everyone, hope you had a good weekend! Chat swap this week since Steve wanted off for the holiday, he'll run Friday's instead

Clad in plaid

  • Is it possible that Cleveland's lack of free agent activity is because they are concerned about a lockout next spring? And if that is the case, would they keep guys like Bazzana off the 40 man roster this year so they can get another year of development in the minors during a lockout? It seems risky to waste another year of Jose Ramirez. Can they compete for a playoff birth with the current roster?

Anthony Franco

  • This is the usual offseason for Cleveland. They're not going to run payrolls that allow them to do much in free agency
  • Bazzana should be up pretty early in the year, though I imagine they'd like to get him a little more Triple-A work first (ideally with an early look at Brito there). They're a viable playoff team again for me but that's more about everyone in the AL Central remaining content to be the worst division in baseball for like the 15th straight season

Tough Times In Anaheim

  • Jo Adell (2 years of control) and Reid Detmers (3 years of control) for Noah Cameron (5 years of control). Who says no?

Anthony Franco

  • This is the rare chat proposal that I think is skewed in favor of the team that you're not a fan of
  • I get the logic on both sides but I'd want more than just Cameron in this framework if I were the Angels. He's cheaper but not convinced he's a dramatically better starter than Detmers in 2026

Youkyluptus

  • Is the Red Sox rotation top 5 in the sport?  Who’s i n that t ier?

Anthony Franco

  • Yeah I'd have them top five, probably top three. Dodgers probably most talented but obviously plenty of injury questions with them. Cincinnati's in there, Pittsburgh's has a crazy high ceiling but it requires a lot of projection on Ashcraft/Chandler to have them in that tier already
  • Obviously Seattle would be a pretty popular pick for this and they are very good 1-5, depth behind that just isn't great. Toronto's really well positioned if you assume Bieber's healthy

Dan S.

  • Thinking 2/40 or 3/60 with an opt-out for Gallen?

Anthony Franco

  • I'd lean two in the mid-40s probably but neither of these outcomes would surprise me
  • Assuming you're also putting an opt-out in the 2/40 deal. Can't see him taking a straight two-year contract

What a Mets

  • Does it make sense for the Mets to offer Bellinger a Bichette-type deal- substantial overpay, but short commitment? If so, chances he accepts say 3/126 vs 5/160 from Yankees?
  • Unlock Subscriber-Exclusive Articles Like This One With a Trade Rumors Front Office Subscription

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Yankees Open To Including Opt-Outs In Bellinger Offer

By Anthony Franco | January 18, 2026 at 6:32pm CDT

TODAY: In a new report from Brendan Kuty, he writes that the Yankees are willing to include opt-outs after the second and third seasons of their five-year offer.

JANUARY 12: The Yankees reportedly have a five-year offer at more than $30MM annually on the table to Cody Bellinger. ESPN’s Buster Olney nevertheless wrote over the weekend that New York was preparing for the possibility that the outfielder could head elsewhere, potentially on a six-plus year contract.

Brendan Kuty of The Athletic added a few specifics on the Yankees’ position in a report this evening. Kuty writes that the five-year proposal came with a “true” $31-32MM average annual value, as it did not include any deferred money. He adds that the Yankees are willing to discuss opt-out possibilities as well, though it’s not known if their most recent offer actually included such a clause. Jon Heyman of The New York Post similarly suggested that some kind of opt-out was a possibility.

Contract length appears to be the significant stumbling block. Bellinger’s camp at the Boras Corporation is reportedly looking for a seven-year guarantee. Olney suggested over the weekend that he also wanted more than the Yankees were offering on an annual basis, yet the extra year or two seems the bigger hurdle. Bellinger is entering his age-30 season (though he turns 31 in July, less than two weeks after the unofficial July 1 cutoff for a player’s seasonal age).

As shown on MLBTR’s Contract Tracker for Front Office subscribers, Brandon Nimmo signed the most recent six-plus year free agent deal for a hitter in his 30s. That eight-year pact was one of four such contracts over the 2022-23 offseason, but there hasn’t been one within the last two offseasons. Alex Bregman rejected a six-year offer from Detroit last winter in advance of his age-31 campaign. Bregman went on to agree to a five-year deal last week that’ll run through age-36, the same age at which a seven-year deal for Bellinger would conclude. Kyle Schwarber signed a five-year contract covering ages 33-37 last month.

Bellinger went short term with opt-outs during his last free agent trip. He signed a three-year, $80MM guarantee with outs after each of the first two seasons. After foregoing the first opportunity, he returned to the market on the heels of a .272/.334/.480 season in the Bronx. He’s unattached to a qualifying offer this time around and already seems assured of a much more lucrative guarantee than he commanded on his previous free agent deal.

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New York Yankees Cody Bellinger

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NPB’s Orix Buffaloes Sign Sean Hjelle

By Anthony Franco | January 17, 2026 at 10:00pm CDT

The Orix Buffaloes of Japan’s Nippon Professional Baseball announced this week that they’ve signed former Giants right-hander Sean Hjelle. He had elected minor league free agency at the beginning of the offseason.

Hjelle was a second-round pick out of the University of Kentucky in 2018. It’s fitting that he landed with San Francisco, as the 6’11” hurler is listed alongside Jon Rauch as the tallest players in MLB history. Hjelle’s long limbs get him good extension down the mound, albeit not quite at the level one might expect. The downhill angle leads him to generally work lower in the zone with a sinker, as he essentially doesn’t throw a four-seam fastball. He has used a sinker, knuckle-curve and cutter as his three pitches at the MLB level.

The 28-year-old Hjelle has gotten ground-balls at a lofty 56% rate over parts of four big league seasons. He hasn’t missed many bats, and the Giants moved him into a long relief role after the 2023 season. Hjelle soaked up 80 2/3 innings of 3.90 ERA ball two seasons ago but wasn’t much of a factor last year. He only made 12 big league appearances, giving up 13 runs across 15 innings. The Giants designated him for assignment around the trade deadline and sent him outright to Triple-A when he cleared waivers.

Hjelle pitched well in the minors over the course of the season. He tossed 67 2/3 frames, turning in a 3.06 ERA in the Pacific Coast League. He struck out nearly a quarter of opponents with a 55% ground-ball percentage while limiting his walks to a tidy 5.6% clip. Rather than settling for a minor league deal with a Spring Training invitation, he’ll lock in a stronger guarantee in his first move to an Asian league. Hjelle could build back as a starting pitcher in Japan.

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Nippon Professional Baseball Transactions Sean Hjelle

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Cubs, Yacksel Rios Agree To Minor League Contract

By Anthony Franco | January 17, 2026 at 9:03pm CDT

The Cubs are in agreement with reliever Yacksel Ríos on a minor league deal, reports Francys Romero. The MAS+ Agency client had elected minor league free agency at the beginning of the offseason.

Ríos is a 32-year-old righty who has logged parts of six seasons in the majors. The Puerto Rico native got the majority of his work early in his career as a member of the Phillies. He saw more limited action with the Pirates, Mariners, Red Sox and Athletics between 2019-23. Ríos has spent the last two seasons in the Mets organization without getting a look at the MLB level.

That’s in large part due to health concerns. Ríos had a 3.30 ERA over 30 Triple-A innings in 2024 before suffering an injury towards the end of June. He missed the remainder of the season and essentially all of 2025. Ríos pitched in the low minors on a rehab assignment but didn’t make it back to Triple-A until the middle of September. He gave up four runs in his first appearance, then tossed a perfect frame with a strikeout to close his season.

Ríos owns a 6.32 ERA in a little less than 100 innings at the big league level. He has tossed 200 1/3 frames of 4.13 ERA ball with a 24.5% strikeout rate in his Triple-A career. Ríos averaged 97 MPH on his fastball during his brief Triple-A work last year. He’s unlikely to get serious consideration for an Opening Day job but should work as a hard-throwing depth piece for Triple-A Iowa.

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Chicago Cubs Transactions Yacksel Rios

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D-Backs Notes: Arenado, Donovan, Bullpen, Puk

By Anthony Franco | January 16, 2026 at 11:48pm CDT

The months of Nolan Arenado trade rumors came to a close on Tuesday when the Cardinals dealt the 10-time Gold Glove winner to the Diamondbacks. St. Louis paid his contract down to two years and $11MM, while Arizona parted with last year’s eighth round draft pick (Jack Martinez). The Cardinals had made no secret of their desire to shed a portion of Arenado’s salary and open space at third base for younger players, with Nolan Gorman likely to get the first run.

Arenado’s full no-trade clause gave him say over his destination. He had a limited number of teams to which he would have accepted a deal last offseason. He expanded that list this winter and discussed the decision on an introductory Zoom call with reporters. “Seeing where (the Cardinals) were headed the past few years, it was very evident that there’s a step they need to take,” Arenado said (link via Sam Blum of The Athletic). “Letting these young guys go and finding out who they are, and who their identity is. I think I’m just kind of in the way of that, in a sense. I kind of always felt like that last year.”

Asked about the appeal of the Diamondbacks specifically, Arenado pointed to their position player core built around Corbin Carroll, Geraldo Perdomo and Ketel Marte (video provided by Steve Gilbert of MLB.com). He noted the geographic proximity to his native Southern California and expressed excitement about the team’s playing style. He’ll take over as the everyday third baseman and should at least provide a strong glove, though it remains to be seen how much he has left in the tank offensively. He’s going into his age-35 season on the heels of a .237/.289/.377 showing over 107 games.

Cardinals president of baseball operations Chaim Bloom told Derrick Goold of the St. Louis Post-Dispatch that conversations with the Diamondbacks developed quickly. Arizona had been involved in the market for free agent third baseman Alex Bregman, who agreed to a five-year deal with the Cubs on Saturday. It wasn’t until last Friday that reports emerged that they had firmly pulled Marte off the trade market. While the Cardinals and D-Backs had discussed Arenado throughout the winter, it seems talks accelerated in the wake of the Bregman/Marte developments.

Goold writes that the Snakes had also been among the teams to reach out to the Cards about Brendan Donovan. Their interest in the left-handed hitting utilityman had not previously been reported. That’s unlikely to mean much at this point. St. Louis is widely expected to trade Donovan, but teams like the Mariners and Giants appear more engaged. Arizona has Marte, Perdomo and Arenado in the three infield spots to the left of first base. Donovan would be an upgrade in left field, but a team with a second base need will probably be more motivated to part with high-end prospect talent.

Arizona’s focuses now seem to be a right-handed hitting first baseman and the bullpen. Franchise icon Paul Goldschmidt has made sense as a target in the former role all offseason, and the acquisition of his longtime St. Louis teammate only strengthens that fit. They may need to take more of a patchwork approach to the bullpen. This week’s one-year, $1.55MM deal to bring back Taylor Clarke is their only big league bullpen pickup to date.

Clarke projects as more of a middle or long reliever than a leverage arm. That’s true of essentially everyone in the Arizona ’pen until A.J. Puk and Justin Martinez return from last year’s elbow surgeries. General manager Mike Hazen acknowledged that while the front office would love to add an established late-game arm, that’ll be challenging at this stage.

“Would I like to have somebody that has a clear pedigree of pitching in the eighth and ninth inning? That’s an easier answer. I’m not sure what we’ll have access to in that way,” Hazen told Nick Piecoro of The Arizona Republic. He acknowledged they need to continue adding to the bullpen this offseason but suggested the biggest impact would probably come from internal improvements and hopefully getting Martinez and Puk healthy. Arizona prioritized upper minors pitching in last summer’s deadline activity. Brandyn Garcia, Juan Burgos and Andrew Hoffmann all came over as inexperienced but essentially MLB-ready bullpen pieces.

Of the injury returnees, it seems Puk is further along. Piecoro writes that the D-Backs hope to get the southpaw back within the first few months of the season, while Martinez is targeting a second half return. Puk underwent internal brace surgery in late June. Martinez required a full Tommy John reconstruction, which comes with a longer recovery timeline. It was the second elbow ligament procedure of each pitcher’s career, as they’d both had Tommy John surgeries during their prospect days.

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Arizona Diamondbacks St. Louis Cardinals A.J. Puk Brendan Donovan Justin Martinez Nolan Arenado

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Orioles Among Teams With Interest In Justin Verlander

By Anthony Franco | January 16, 2026 at 10:57pm CDT

The Orioles have shown interest in Justin Verlander, reports Ken Rosenthal of The Athletic. While the O’s are the first club publicly tied to the future Hall of Famer beyond the incumbent Giants, Rosenthal unsurprisingly writes that Verlander has received interest from multiple teams.

Baltimore has made a pair of rotation additions this offseason. They sent four prospects and a draft pick to the Rays for Shane Baz, whom they control for three years. Baltimore also brought Zach Eflin back on a one-year, $10MM deal after an injury-riddled season. They’re in decent shape from a depth perspective. It still feels a little light at the top end. They’re banking on Kyle Bradish in his first full season back from Tommy John surgery. Trevor Rogers was fantastic over 18 starts but was in Triple-A as recently as last May. Baz has shown upper mid-rotation talent but very little consistency on a start to start basis.

Framber Valdez, arguably this offseason’s best free agent pitcher, remains unsigned. The Orioles have shown interest throughout the winter. They have enough controllable position player talent to make a move on the trade front if someone like Freddy Peralta or MacKenzie Gore becomes available. Rosenthal suggests that the Orioles could view Verlander more as a fallback option if they don’t come away with a higher-ceiling arm.

At age 43, Verlander no longer has that kind of upside. He showed last season that he still has plenty left in the tank, though. He made 29 starts for the Giants and pitched 152 innings of 3.85 ERA ball. Verlander recorded a 20.7% strikeout rate while walking around 8% of batters faced. His 11% swinging strike rate was his highest since he won his third career Cy Young with the Astros in 2022. Verlander has maintained a 94 MPH average fastball and pitched well after an early-season pec strain cost him a month. He turned in a 3.60 ERA behind a 22% strikeout percentage over his final 19 starts.

Like Valdez, Verlander has ties to Baltimore president of baseball operations Mike Elias. The O’s front office leader was an assistant general manager in Houston during the pitcher’s first season and a half with the Astros. Verlander would also align with Baltimore’s history of free agent spending under Elias. His front office has yet to sign a free agent starter to a multi-year deal, and they’ve frequently targeted older starters (e.g. Kyle Gibson, Tomoyuki Sugano, Charlie Morton) to secure shorter commitments. Verlander figures to sign one-year contracts for the remainder of his career.

Last winter’s rotation moves backfired. None of Morton, Sugano or Gibson met expectations and the rotation’s disastrous performance early in the season dug a hole from which the Orioles couldn’t recover. The O’s made a four-year offer to Corbin Burnes and took on a year and a half of Eflin’s contract via trade in 2024, so they’re not firmly committed to one-year commitments. Still, it’s true that signing Verlander would be more in line with their previous activity than a five- or six-year deal for Valdez would be.

The Orioles have opened the checkbook a few times this offseason, most notably on their $155MM Pete Alonso signing. RosterResource projects their 2026 payroll at $149MM, about $10MM below where they began the ’25 season. Alonso, Tyler O’Neill and Samuel Basallo are their only players signed beyond this season. O’Neill’s deal is up after 2027, while Basallo doesn’t make a salary north of $4MM until 2030 (the final year of Alonso’s contract).

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Baltimore Orioles Justin Verlander

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