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Details On Max Fried Bidding

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1:30pm: A’s general manager David Forst denies that the club made a push for Fried, per Martín Gallegos of MLB.com (X link)

11:55am: One of the top free agents came off the board this week when the Yankees and Max Fried agreed to a stunning eight-year, $218MM deal. Clubs like the Blue Jays and Red Sox were also known to be in the involved but Bob Nightengale of USA Today (X link) reports that the Athletics were “one of the most aggressive teams” in the bidding.

Many fans might roll their eyes at the idea of the A’s getting anywhere near a free agent of this caliber, which would be an understandable position to take. As of a couple of weeks ago, they had never given a free agent more than the $36MM they gave to Yoenis Céspedes back in 2012. They recently broke that record by giving Luis Severino $67MM, a huge jump for them but still relatively modest by league-wide standards and well below the deal that Fried got.

But the A’s have to spend some money somewhere. It was reported this week that the club may need to get its competitive balance tax number up to the $105MM range in order to avoid a grievance from the MLBPA.

That perhaps explains all the recent smoke about an upcoming payroll bump. MLBTR took a detailed look at the A’s last month, in a reporting that references reporting going back to January which hinted at a potential for greater spending. Since then, the A’s have ramped things up with the aforementioned Severino signing. They also reportedly made a strong offer to Sean Manaea, who remains unsigned.

It’s not surprising that they couldn’t get something done with Fried, as the pitching market has been hot. Fried and several other pitchers have exceeded the expectations from the start of the offseason. MLBTR predicted him for six years and $156MM but he blew past that, with guys like Severino, Frankie Montas, Matthew Boyd and other hurlers also outpacing their projections.

It’s generally expected that the A’s will have to overpay to reel in any free agent. Given that the club has been rebuilding for many years and is going to be playing the next three years in a Triple-A park in West Sacramento, no free agents will have them as a first choice. Some guys will simply go where the money is best but some may need a premium before considering the unique circumstances of joining the A’s. That may have been the case with Severino, who was predicted to earn $51MM but got far more than that.

Even if the A’s were theoretically willing to marginally top the Yankees’ offer, Fried may not have taken their money. Still, it suggests that they are still a club to watch in the remainder of the offseason. RosterResource their CBT number is currently at $78MM, so they are still well south of their reported $105MM target. That means they could factor into remaining free agents such as Manaea, Jeff Hoffman, Nick Pivetta or others. Even after adding Severino, the rotation stands out as the best way to upgrade the team while also getting their spending up, with their interest in Fried and Manaea reflecting that.

What also may be notable is that the club doesn’t seem to worried about players who rejected qualifying offers. The A’s already forfeited their third-highest pick in the upcoming draft by signing Severino since he rejected a QO from the Mets. Fried and Manaea also rejected QOs, so the interest from the A’s there suggests they may be willing to forfeit another pick.

Another route could be to acquire a player making a notable salary in trade. For instance, the Yankees now have a surplus in their rotation after signing Fried and might look to move the remainder of Marcus Stroman’s contract. He will make $18MM in 2025 and there’s an $18MM player option for 2026 if he throws 140 innings next year. Stroman arguably doesn’t have a great path to a rotation job in the Bronx but could serve as a solid veteran for the A’s.

Elsewhere in the Fried bidding, Rob Bradford of WEEI reports that the Red Sox’ offer was “significantly” lower than the Yankees. Joel Sherman of The New York Post reports that the Sox were at $190MM over seven years and may have been able to go higher, though with deferrals. Sherman adds that the Rangers were also at $190MM over seven years, though the lack of a state tax in Texas actually made that fairly comparable to the eight years and $210MM the Yankees were offering, forcing them to go higher and symbolically top the $217MM that David Price got from the Red Sox back in 2015.

It’s perhaps not surprising that the Sox fell short given how high the number ended up going, but it does highlight the fact that they haven’t been able to achieve their main offseason goal of upgrading the rotation. They also had interest in pitchers like Blake Snell and Nathan Eovaldi, who have gone elsewhere. Trade talks with the White Sox about Garrett Crochet have apparently stalled. Righty Corbin Burnes is still out there but it’s been reported that they are less likely to win that bidding than the Blue Jays or Giants.

Conflicting Reports On Angels Outfield Situation

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12:43pm: On the Baseball Insiders podcast, Robert Murray of FanSided says the Angels are not in fact close to trading an outfielder (hat tip to Sam Blum of The Athletic and Beyond the Halo on X)

9:28am: Yesterday, Mark Feinsand of MLB.com (X link) reported that the Angels seemed to be close to trading an outfielder. Nothing has come together yet but it’s possible that talks are still ongoing. It wasn’t specified which outfielder they were about to trade but Feinsand suggested that Taylor Ward would make sense since there have been rumors of other clubs being interested in him. However, Ward’s agent Joel Wolfe told Jeff Fletcher of the Orange County Register (X link) that he hadn’t heard anything about trade talks involving his client. That doesn’t necessarily mean that there aren’t discussions happening but members of the Atlanta beat like David O’Brien of The Athletic (X link) and Mark Bowman of MLB.com (X link) both report that, if there is an imminent Ward trade, it won’t be to Atlanta.

Ward has seemed like a logical trade candidate for a while now. As the Angels have struggled to compete in recent years, there has been natural speculation about the veteran players on the roster with shrinking windows of club control. Ward will be celebrating his 31st birthday this Saturday and can be retained via arbitration for two more seasons.

If the Angels were pivoting towards a sort of reset, it would make sense to trade Ward for younger and more controllable players. However, despite just losing 99 games in the most recent season, the Halos are clearly trying to contend in 2025. Both owner Arte Moreno and general manager Perry Minasian made it clear that was the plan for this winter and they have backed that up, acquiring Yusei Kikuchi, Jorge Soler, Travis d’Arnaud, Kyle Hendricks and others already.

In that context, trading Ward becomes a bit more difficult to see. The outfield is already a fairly thin part of the roster, consisting of Ward, Mike Trout, Jo Adell, Mickey Moniak and perhaps Soler. Trout has become increasingly injury prone in recent years, having not played 120 games in a season since 2019. Soler is a poor defender and best suited to be the designated hitter more often than not. Adell and Moniak still have poor offensive track records overall.

Subtracting Ward from that group would make it even flimsier but clubs would certainly be interested if he were available. He has hit .259/.338/.440 over the past four years for a wRC+ of 118, indicating he’s been 18% better than the league average hitter in that time. His defense has also been graded around league average or above, allowing him to play at a pace of about two to four wins above replacement per year, according to FanGraphs.

MLBTR contributor Matt Swartz projects Ward for a $9.2MM salary in 2025, a notable sum but still a bargain for a player like Ward. Free agent corner outfielders like Anthony Santander and Teoscar Hernández are likely to command multi-year contracts with average annual values double that. Ward would be in line for a raise in 2026, his final season before free agency, but that figure would still be a good deal if he continues to produce at his usual rates.

A trade coming together would naturally depend on what other clubs are willing to offer. Perhaps the Angels get offered some big league pitching or infield help that they feel is worth taking, but they would then have to pivot to replacing Ward in the outfield mix. The Pirates and Royals were both connected to Ward at the trade deadline with Kansas City reportedly still interested in him as of last month, though the Angels haven’t let go of him yet.

Some fans might hear about the Angels potentially trading an outfielder and jump to Trout but it’s hard to imagine a trade like that coming out of the blue. He has a full no-trade clause and has repeatedly said that he wants to stay and win with the Angels. It’s possible that he changes his mind at some point but there’s hasn’t been any public suggestion that has happened.

His contract is also hard to move from a financial perspective. Trout is paid at superstar rates but hasn’t been able to provide that production in a while. He’s always good when he’s on the field but hasn’t been out there enough to accrue counting stats at his previous levels. He’s set to make $35.45MM annually for another six seasons. Even for a marquee name like Trout, that’s a lot of money for a guy who’s now 33 years old with mounting injury concerns.

Even if Trout wanted to be traded, it would be a tricky spot for the Halos since they would likely have to settle for a middling return on a franchise player or eat money just to get a notable package, which isn’t a great P.R. position either way.

It’s also possible Moniak or Adell are the ones being discussed, though neither would have huge value right now. Moniak has stepped to the plate 908 times in the majors thus far with a .230/.272/.402 batting line and 32.3% strikeout rate. Adell has hit .211/.268/.381 in his career with a 32.2% strikeout rate.

It’s possible to see some improvement from Adell in 2024, as he popped 24 home runs while lowering his strikeout rate to 27.9%. His overall production was still subpar but his .244 batting average on balls in play was well below league average. It’s possible he took a meaningful step forward this past year and will break out with better luck in 2025 but he’s floundered so many times that teams might be reluctant to bet on that.

Tigers Sign Alex Cobb

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The Tigers announced the signing of veteran right-hander Alex Cobb to a one-year, $15MM deal. He’d unlock $1MM bonuses at each of 140 and 150 innings. Detroit designated outfielder Akil Baddoo for assignment in a corresponding move. Cobb is represented by Beverly Hills Sports Council.

The move fits with the Tigers’ recent modus operandi when it comes to rotation building. Since Scott Harris was hired as president of baseball operations in September of 2022, the club has tended towards short-term deals for starting pitchers. Detroit’s first offseason under Harris resulted in one-year deals for Matthew Boyd and Michael Lorenzen. Last winter, it was a one-year deal for Jack Flaherty and a two-year pact for Kenta Maeda.

Going into 2025, it would have been fair to expect more aggression. The Tigers surged in the second half of 2024, making the playoffs or the first time in a decade. They have an exciting core of young players and almost no money on the long-term payroll. Moving to the top tiers or even just to the middle of the rotation market could have been viable, but it was reported in recent days that the Tigers preferred to stick to chasing upside on shorter pacts.

Cobb, 37, is certainly a buy-low move since he’s coming off a mostly lost season. He was with the Giants at the start of the year, recovering from offseason hip surgery. It was initially hoped that he would be recovered from that procedure fairly early in the year but he ended up battling through some shoulder discomfort. He still hadn’t made his season debut when he was traded to the Guardians ahead of the deadline.

With the Guards down the stretch, he was able to get on the mound but also dealt with some fingernail/blister issues that got in his way and sent him back to the injured list twice down the stretch. Cleveland made the postseason regardless and Cobb was activated for the American League Division Series but he was later bumped from the Championship Series roster due to an acute left low back strain.

Around all those injury setbacks, Cobb only made five starts on the year, three in the regular season and two in the playoffs. He only threw 22 innings overall between those five outings, a tiny sample that would be tough to draw meaningful conclusions from.

The Tigers are surely hoping Cobb can bounce back from that tough season, something he’s done before. He was a rotation regular for the Rays over the 2012-14 seasons but then missed all of 2015 and most of 2016 due to Tommy John surgery. He was back on the mound and made at least 28 starts in both 2017 and 2018, but then various ailments limited him to just three starts in 2019.

He wasn’t terribly effective in the shortened 2020 season but went on to have a strong three-year run after that, his most recent stretch of being both healthy and effective. From 2021 to 2023, he made 74 starts and tossed 394 1/3 innings with a 3.79 earned run average. He struck out 22.8% of batters faced in that time, limited walks to a 6.8% clip and and kept 58.1% of balls in play on the ground. Among pitchers with at least 350 innings in that stretch, only Framber Valdez and Logan Webb had better ground ball rates.

The Tigers are obviously hoping that the injuries are behind him and Cobb can get back into that 2021-23 form. There is some risk there, as Cobb is now 37 years old and can’t keep coming back from injuries forever, but he’s done it before and has a long track record. He has 233 starts under his belt overall with a 3.84 ERA.

As Detroit engineered its fairytale finish to the 2024 season, manager A.J. Hinch used the term “pitching chaos” to describe the approach. Thanks to some trades and some injuries, the Tigers were effectively down to just Tarik Skubal as the only regular starting pitcher, otherwise cobbling games together via openers, bulk guys, bullpen games and whatever Hinch could make work.

That did the trick for a while but could be difficult to maintain over an entire 162-game schedule, so bolstering the rotation was a natural target for the Tigers this winter. Skubal and Cobb should have two rotation jobs with Reese Olson in another.

Guys like Maeda, Casey Mize, Jackson Jobe and Matt Manning could be in the mix for roles as well, but there are question marks with each of those. Maeda struggled badly this year and got bumped to the bullpen, finishing the year with a 6.09 ERA. Mize and Manning are former top prospects but with middling results thus far in their careers. Jobe is one of the most exciting young pitchers in the league but only just made his major league debut late in the year and only has two Triple-A starts under his belt.

Perhaps the Tigers will make further additions to that group. Finances shouldn’t be standing in the way. Before factoring in Cobb, RosterResource projects the Tigers for a payroll of just $80MM next year. As mentioned, there’s almost nothing on the long-term books. Cot’s Baseball Contracts had Detroit at $98MM on Opening Day this past year and they’ve been far higher than that in the past.

Though if the recent past in any indication, they’ll be looking to chase upside on fairly modest deals. They’ve been connected to arms like Kyle Gibson, Walker Buehler and Andrew Heaney in recent days, with each of those guys expected to land a one- or two-year deal. For now, the Tigers have added some stability to an area of the roster that was fairly lacking in it.

Ken Rosenthal of the Athletic first reported the Tigers and Cobb had agreed to a one-year deal. Jon Heyman of the New York Post had the financials.

Max Fried Will Reportedly Choose Destination In Coming Days

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Left-hander Max Fried is one of the top remaining free agents but he could be coming off the board soon. Per a report from Ken Rosenthal of The Athletic, Fried is expected to pick his next club by Thursday, with the Yankees, Red Sox and Blue Jays presented as the frontrunners. Rosenthal adds that right-hander Corbin Burnes is generating interest from the same three clubs, with the Giants perhaps involved there as well but not for Fried. The Rangers are mentioned as a possibility for Fried but that’s depicted as more of a long shot, with the Angels listed alongside the Giants as cubs that are not finalists for Fried.

It’s perhaps not a coincidence that the Yankees, Red Sox and Blue Jays were finalists in the Juan Soto frenzy and are now listed as the most likely landing spots for Fried. The general expectation throughout the baseball world has been that the clubs with money to spend would focus on Soto until getting clarity on that situation, with those that missed out then pivoting to other targets. Now that Soto is going to the Mets, that seems to be how things are indeed playing out.

All three clubs are looking to make a big splash, though for different reasons. The Yankees just made it to the World Series, but suffered a deflating five-game loss to the Dodgers in which they looked clearly outmatched. They then lost last year’s big splash when Soto moved from the Bronx to Queens. The Red Sox have been dialing back payroll in recent years with lackluster results to go along with it, though now seem motivated to big big dogs again. The Jays were good during the regular season from 2020 to 2023 but suffered heartbreaking ends in each of those years, narrowly missing the playoffs in one of them with three quick postseason exits in the others. They followed that up with a dismal 2024 season that saw them fall to the basement of the A.L. East.

In different ways, each club is looking to both improve their respective rosters for next year while also perhaps mollifying a restive fanbase. Soto would have been one way of doing that but that’s now off the table.

Fried, 31 in January, has been a strong pitcher at the major league level for quite some time. He got brief big league looks in 2017 and 2018 but has been an established big leaguer for the past six seasons. From 2019 to the present, he has tossed 824 2/3 innings, allowing 3.06 earned runs per nine. His 23.8% strikeout rate and 6.4% walk rate in that time were both a bit above average while his 54.1% ground ball rate was excellent. Only Framber Valdez and Logan Webb had better ground ball rates for that time, among pitchers with at least 550 innings pitched, and Fried had a slightly better strikeout rate than those two. Fried was also a key part of Atlanta’s postseason rotations throughout that time.

There is a little bit of injury risk, as Fried was limited to 14 starts last year due to a forearm strain and had a brief IL stint in 2024 due to neuritis in that same forearm. That’s bit concerning but Fried managed to make 29 starts this year, logging 174 1/3 innings, and there hasn’t been anything to suggest he won’t be healthy for 2025.

At the start of the offseason, MLBTR predicted Fried could land a six-year deal with a $156MM guarantee, though it’s possible that Fried’s earning power has jumped since then. Pitchers like Luis Severino, Yusei Kikuchi, Frankie Montas, Matthew Boyd and Clay Holmes have outearned expectations and the massive Soto deal has perhaps altered industry spending expectations more generally.

For the Yankees, they don’t strictly need pitching. Their rotation is already fairly deep with Gerrit Cole, Carlos Rodón, Clarke Schmidt, Luis Gil, Marcus Stroman, Nestor Cortes and other options on the roster. However, Fried would certainly upgrade that group and they could then perhaps use the surplus to make a trade, with both Stroman and Cortes have been in previous rumors.

Boston’s chief baseball officer Craig Breslow has said he would like to raise the ceiling of the club’s rotation, which currently has a core three of Tanner Houck, Brayan Bello and Kutter Crawford. The Sox will get Lucas Giolito back at some point during the 2025 season, once he recovers from last year’s elbow surgery. They have depth options like Richard Fitts, Cooper Criswell and Quinn Priester but adding Fried would help the club with its aims of improving the rotation and the club more generally.

The Toronto rotation has a veteran core of Kevin Gausman, José Berríos and Chris Bassitt. It seems likely that Bowden Francis will get a shot at having a spot next year since he was so strong in the second half of 2024. Yariel Rodríguez is an option for the fifth spot but he also has plenty of relief experience and could get bumped to the bullpen. Jake Bloss is on the roster and has encouraging potential but limited experience and could be ticketed for the Triple-A rotation.

While all three clubs are looking at Fried, they have another option in Burnes. He has flashed a higher ceiling than Fried but hasn’t hit that ceiling in the past two years. From 2020 to 2022, he posted a 2.62 ERA with a 33.4% strikeout rate, 6.4% walk rate and 47.6% ground ball rate. Over the past two seasons, his 3.15 ERA has still been a strong mark but with a diminished strikeout rate of 24.3%. He is still perceived as a strong option on account of his durability and overall strong results, with MLBTR predicted him for a $200MM guarantee over seven years.

The Giants make sense for a rotation addition and seemingly prefer Burnes to Fried. Their rotation currently consists of Webb, Robbie Ray and Kyle Harrison. President of baseball operations Buster Posey said this week that Jordan Hicks will get another shot at a rotation job. Guys like Hayden Birdsong and Landen Roupp could battle for the fifth spot but getting Burnes would obviously be a boon to the group.

Both Burnes and Fried rejected qualifying offers and are therefore associated with penalties, which differ depending on who ultimately signs them. The Giants are perhaps the most interesting club in this group as they already agreed to sign QO guy in Willy Adames. Since they paid the competitive balance tax last year, that means forfeiting $1MM of international bonus pool space and two draft picks, while signing another QO would effectively double that.

The Rangers’ interest in Fried was reported previously but also characterized as more of a long shot. They definitely want rotation upgrades, including a hope of re-signing Nathan Eovaldi, but they might need more clarity on their finances. They no longer have a broadcast deal with Diamond Sports Group and have been looking into creating their own regional sports network but haven’t quite figured that all out yet. They are reportedly hoping to stay under the CBT in 2025 and they might need to make progress on the broadcast deal before throwing big money around.

The Angels are seemingly only mentioned to touch on Fried’s potential geographic preferences. Fried was born and raised in Southern California, then committed to UCLA before being drafted by the Padres. He was traded to Atlanta as a prospect and has spent his entire major league career with them so far. That club has signed many players to extensions but Fried wasn’t one of them. Rosenthal relays that some clubs feared Fried would prefer to return to the West Coast but it seems his three primary suitors are all A.L. East clubs.

Time will tell how things play out with Fried and Burnes, but it seems that the expected post-Soto domino effect might be coming to pass. As clubs pivot to plan B or plan C or plan D, guys like Fried and Burnes are seeing their markets heat up, which could potentially also impact guys like Alex Bregman, Pete Alonso and others soon as well.

Yankees, Cubs Interested In Kyle Tucker

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Astros general manager Dana Brown left the door open yesterday to trading either outfielder Kyle Tucker or left-hander Framber Valdez this winter. Today, Ari Alexander of KPRC 2 (X link) reports that the Yankees and Cubs are two clubs interested in Tucker.

The news isn’t especially surprising. Tucker is one of the best players in the league and it would actually be more of a shock if any club weren’t interested in him. He is entering his final year of club control, which should eliminate teams fully in rebuild mode, but he should have broad interest apart from that. MLBTR contributor Matt Swartz projected Tucker for a $15.8MM salary next year, a notable sum but still affordable for any team and a bargain for a player of Tucker’s talent level.

From 2021 to 2023, Tucker’s production was fairly consistent and also trending upward. He hit 30 home runs in the first two of those seasons and then 29 in the third. His walk and strikeout rates each made slight improvements in that stretch. He drew free passes at a 9.3% clip in 2021, then 9.7% and 11.9% in the next two seasons, while his strikeout rate went from 15.9% to 15.6% and then 13.9%. His stolen base total went from 14 to 25 to 30.

In 2024, he missed significant time after fouling a ball off his leg and fracturing his shin. That injury limited his counting stats but he continued to improve on a rate basis. Though his strikeout rate ticked back up to 15.9%, he drew walks in 16.5% of his plate appearances. Despite only getting into 78 games, he launched another 23 home runs. His wRC+ was between 130 and 146 over his previous three seasons but jumped to 180 in 2024.

He’s also been graded as a strong defender and, as mentioned, can steal a few bases. FanGraphs graded him as worth either 4.9 or 5.0 wins above replacement in three seasons from 2021 to 2023, and Tucker was worth 4.2 fWAR in 2024 even though he played less than half a season. That’s 19.1 fWAR over the past four years, placing him in 13th among all position players for that span. Thanks to his shin injury, all 12 guys ahead of him on that list played in more games.

There are some rough parallels here with the Juan Soto situation from a year ago. The Padres were willing to make Soto’s final year of club control available on the trade market in order to walk a tightrope. They wanted to continue competing but had a tight budget and had several players that were difficult to trade due to contractual reasons. Moving Soto freed up a huge amount of payroll space and also brought back immediate help in other areas, as the Friars were able to get a package of players that included Michael King and Drew Thorpe, later flipping Thorpe to get Dylan Cease.

The Astros are in a somewhat similar spot now. Brown previously said that the club might have to get creative with money this offseason, even though they still want to win next year. Players like Jose Altuve and Yordan Alvarez have big contracts but are franchise cornerstones. Josh Hader and Ryan Pressly each have the right to veto any trades. Lance McCullers Jr. can’t be easily moved due to his health status.

They don’t really have to consider a trade but it seems they will pick up the phone and see if any club blows them away with a Soto-like package. Tucker’s track record isn’t quite as good as Soto’s but Soto was projected for a $33MM salary going into 2024, more than double what Tucker is slated to earn next year.

It’s theoretically possible that they can get a package of young talent they like while simultaneously freeing up some payroll space to re-sign Alex Bregman, since Brown and owner Jim Crane have both marked that as the club’s top priority. That would leave the Houston outfield consisting of Alvarez, Chas McCormick, Jake Meyers, Taylor Trammell and Mauricio Dubón, though it’s possible they get some cheaper outfield help back in the trade.

The Yankees, of course, wanted to re-sign Soto as a free agent but he is now going to become a Met. That leaves the Yanks with a big hole in their outfield and they have to pivot to other possibilities. The free agent market features guys like Anthony Santander and Teoscar Hernández while the Yankees have been connected to trade candidate Cody Bellinger. Tucker would be a more attractive option than any of those three in a vacuum but a deal coming together would naturally depend on what it would take for the Astros to let him go.

The Yankees still have Aaron Judge as their outfield anchor and might move him back to right field for the post-Soto era, with Jasson Domínguez and Trent Grisham options for center. Tucker is strong in right field, so perhaps the Yanks would consider moving him to left. Due to the short porch in right, there’s more grass to cover in left field, making defense over there more of a concern.

There shouldn’t be any financial issue, as the Yankees just reportedly make Soto an offer of $760MM over 16 years, an average annual value of $47.5MM. They will now be looking to spread that kind of money around to other players and Tucker is only projected to get about a third of that.

For the Cubs, they already have a crowded outfield picture but clearly have interest in shaking it up a bit. Bellinger has been in many rumors this winter and Seiya Suzuki’s name has come up as well. Trading either is complicated, in Bellinger’s case due to his upcoming out-out while Suzuki has a full no-trade clause. Those two project to be in an outfield group that also includes Ian Happ, Pete Crow-Armstrong, as well as youngsters like Alexander Canario, Kevin Alcántara and Owen Caissie. Happ also has a no-trade clause while the Cubs probably want to hang onto the younger guys. Each of Happ, Bellinger and Suzuki are slated for free agency after 2026, with Bellinger perhaps departing a year earlier than that.

As mentioned, just about every contender should be calling the Astros to get a sense of the asking price. There are no guarantees that he can be obtained but even the possibility that he’s available makes him one of the most interesting names to watch in the coming weeks.

Red Sox Interested In Walker Buehler

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The Red Sox are known to be looking for starting pitching, with chief baseball officer Craig Breslow having said that he wants to “raise the ceiling” in the rotation. They have been connected to marquee free agents like Corbin Burnes and Max Fried as well as notable trade candidates like Garrett Crochet, Bryce Miller and Bryan Woo. Peter Abraham of The Boston Globe reports that Walker Buehler is another free agent they have interest in.

Whether Buehler would count as raising the ceiling would be a matter of debate at this point, as it’s been a few years since he was at his best over a meaningful stretch of time. From 2018 to 2021, he tossed 564 innings for the Dodgers, allowing 2.82 earned runs per nine. He combined a 27.7% strikeout rate with a 6.1% walk rate and 44.7% ground ball rate. He also posted good results in 15 postseason starts for the Dodgers in that time.

But in 2022, he had an ERA of 4.02 before requiring Tommy John surgery, the second of his career. He missed the entire 2023 campaign and didn’t immediately bounce back this year. He only made 16 starts in 2024 and had rough results, most prominently a 5.38 ERA. His 18.6% strikeout rate was below league average and also far from his previous form.

He did finish things on a positive note, in a very small sample but on a very big stage. After getting lit up by the Padres in the NLDS, he went on to throw ten shutout innings over his final three appearances of the Dodgers’ World Series run. That included four shutty against the Mets in the NLCS, a five-inning start against the Yankees in the third game of the World Series, followed by the final three outs in game five.

Going into 2025, Buehler is an interesting risk/reward play. His previous upside is tantalizing but he’s been hurt or middling for the past few years. He did have that strong finish in the playoffs but most modern front offices won’t be swayed by such a small sample, even it was under the brightest lights in baseball.

That uncertainty means that Buehler could likely be had for a relatively low price, which could either turn into a bargain or a waste. The Dodgers declined to issue Buehler a $21.05MM qualifying offer at season’s end, evidently not valuing him worth that price point. At the start of the winter, MLBTR predicted Buehler for a one-year deal with a $15MM, though the market for pitching has been stronger than expected, with mid-rotation or back-end guys like Luis Severino, Yusei Kikuchi, Frankie Montas, Matthew Boyd and Clay Holmes outearning their projections so far.

Despite the recent results, Buehler has proven to be quite popular this winter, having already drawn the interest of Atlanta, the A’s, Yankees, Mets, Cubs, Tigers and now Red Sox. For Boston, they tried a buy-low move last year which hasn’t worked out so far. After a few rough years, they gave Lucas Giolito a fairly modest $38.5MM guarantee on a two-year deal but elbow surgery wiped out his 2024 season.

The injury is not really the fault of the Boston front office but Giolito was a risky choice even before that and it was generally expected they would target more surefire rotation upgrades this time around. The club’s decision makers have talked about being aggressive this winter and putting together a club capable of winning the division, even if that means paying the competitive balance tax.

RosterResource pegs the club’s CBT number at $181MM right now, about $60MM shy of the $241MM base threshold. That means they have plenty of room to go after top free agents like Burnes and Fried, but they are also at least considering a more modest strike for someone like Buehler, or perhaps a combination of the two.

The rotation currently projects to include Tanner Houck, Kutter Crawford and Brayan Bello, with openings at the back. Giolito will be expected back at some point, though likely not at the start of the season. Guys like Richard Fitts, Cooper Criswell and Quinn Priester are on the roster but fairly unestablished and still optionable. Alongside Buehler, the Sox could consider other mid-rotation or back-end free agents such as Sean Manaea, Nathan Eovaldi, Jeff Hoffman, Nick Pivetta, Andrew Heaney, Jose Quintana, Max Scherzer, Justin Verlander and others.

Shinnosuke Ogasawara Officially Posted For MLB Clubs

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Left-hander Shinnosuke Ogasawara has been officially posted by the Chunichi Dragons of Japan’s Nippon Professional Baseball, per reporter Francys Romero (X link). That opens up a 45-day window for his representatives at William Morris Endeavor to negotiate with major league clubs. If no deal is reached in that time, the southpaw will return to the Dragons for 2025.

It was reported back in October that the Dragons would make Ogasawara available via the posting system and that has now been rubber-stamped. The 30 MLB clubs can now officially speak to his representatives and see what sort of contract will be necessary to get him to put pen to paper.

While Ogasawara should generate interest, he’s clearly not exciting as Roki Sasaki, who has also been posted for clubs this offseason. However, Ogasawara likely has more earning power than Sasaki due to the binary nature of MLB international signing rules.

Players need to be 25 years old and have six seasons of experience in a foreign professional league in order to be considered “professionals” and have the right to freely negotiate a contract of any size and length. Players who don’t meet those criteria are considered “amateurs” and are therefore subject to the international bonus pool system, where each club gets $5-8MM annually to spend on such players. Sasaki is only 23 years old and will therefore be limited to a minor league deal with a signing bonus of a few million bucks. Ogasawara, on the other hand, is 27 years old and has appeared in parts of 9 NPB seasons. That means he has the freedom to fully assess his earning power and market himself to the highest bidder.

How much interest North American clubs will have in him is unknown. Ogasawara has had some success, but not as much as some other pitchers that have recently come over like Yoshinobu Yamamoto or Shota Imanaga. He has thrown 951 1/3 innings over his NPB career,  though striking out just 18.9% of batters faced. For context, MLB average is usually in the 22-23% range these days. He did get his strikeout rate up to 24% in 2022 but it dropped to 20.1% last year and then all the way to 13.6% in 2024.

The lack of punchouts hasn’t stopped him from succeeding in Japan, as he has a 3.62 earned run average over his career and had a 3.12 ERA in the season that just finished, though MLB clubs might wonder if the same pitch-to-contact approach could carry over to North American ball.

Ogasawara is also on the smaller side for a starting pitcher, listed at 5’11” and 183 pounds. That’s actually slightly larger than the 5’10” and 175 pounds listed for Imanaga, so it’s not a total disqualification, but Imanaga managed to strike out 25% of batters faced in his NPB career.

Though even if Ogasawara is a notch below Imanaga, he could still generate interest. Youth is clearly an attractive quality which is why guys like Yamamoto, Jung Hoo Lee and Juan Soto have been paid so well, so the fact that Ogasawara just turned 27 in October will work in his favor. The recent downturn in strikeouts is a bit concerning but he also lowered his walk rate to a tiny 3.7% rate in 2024 and the ERA was still good.

It’s difficult to forecast a contract for a player coming from another league like Ogasawara but MLBTR predicted after the start of the offseason that he could land a two-year, $12MM deal. Perhaps he could benefit from the fact that the market for mid-rotation starters has been quite strong so far this winter. Each of Luis Severino, Yusei Kikuchi, Frankie Montas, Matthew Boyd and Clay Holmes have earned larger guaranteed than projected in recent weeks, which could perhaps trickle down to Ogasawara.

The lefty and his team will have more than a month to feel out the market and gauge interest. For clubs still looking to add in the rotation but who don’t want to pay for top names like Corbin Burnes, Max Fried or Jack Flaherty, Ogasawara will be part of a mid-rotation or back-end group that still includes Sean Manaea, Nathan Eovaldi, Jeff Hoffman, Nick Pivetta, Andrew Heaney, Jose Quintana, Max Scherzer, Justin Verlander and others.

Phillies Sign Jordan Romano

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The Phillies finalized a one-year contract with reliever Jordan Romano, president of baseball operations Dave Dombrowski confirmed at the Winter Meetings. The longtime Blue Jays righty is reportedly guaranteed $8.5MM and would receive another $500K if he pitches 60 innings next season. Romano is represented by VC Sports Group.

The Phils are making a bet on a bounceback. Romano, 32 in February, just finished a frustrating and injury-marred season with the Blue Jays but was their closer for three years prior to that. The righty saved 95 games for the Jays from 2021 to 2023, tossing 186 innings with a 2.37 earned run average. He struck out 30.3% of batters faced in that time while giving out walks at a 9.2% clip and getting grounders on 42.3% of balls in play.

But 2024 was mostly a lost season for him. He started the season on the injured list due to some right elbow inflammation and never seemed to be fully healthy. He went on and off the IL throughout the year, making just 15 appearances with a 6.59 ERA. His 21% strikeout rate in that small sample was not only below his previous work but also below league average.

He underwent arthroscopic surgery on the elbow in July and was given an estimated six-week shutdown time frame. The Jays were hoping to get Romano back on the mound before the season was up but that didn’t come to pass. His last major league appearance was May 29.

The Jays could have retained Romano for one more season via arbitration. Salaries almost never go down via the arb system, so MLBTR contributor Matt Swartz projected the righty for the same $7.75MM salary he made in 2024. The Jays apparently weren’t willing to fork over that kind of cash for the chance to find out if Romano could get over his lost season, as he was not tendered a contract for 2025. Last week, general manager Ross Atkins said that he expected Romano to be healthy and hoped to re-sign him, but presumably at a lower price point. Instead, Romano will get a fresh start with a new organization and get a slight pay bump.

The Philadelphia bullpen has been shuffled quite a bit in recent months. They traded away Seranthony Domínguez and Gregory Soto at the trade deadline, then lost Jeff Hoffman and Carlos Estévez to free agency at season’s end. They still have some good arms back there, including Orion Kerkering and Matt Strahm, but they’ve naturally been looking for bullpen upgrades this winter.

Opting for Romano also makes sense for financial reasons. The Phils have spent a lot of money on their roster in recent years, both via free agency and extensions of incumbent players. That has led to them paying the competitive balance tax three years in a row now. Going into 2025, they were projected to have a high payroll and CBT number yet again, before even making any offseason moves.

That has seemingly led to a shift in approach this winter. While they have been connected to many of the top available free agents in recent offseasons, they seemingly didn’t get involved in the Juan Soto frenzy and there have been many rumors about them trying to trade players like Nick Castellanos, Alec Bohm and others.

They reportedly had some interest in re-signing Hoffman and Estévez but both will likely be signing deals far larger than this pact for Romano. At the start of the offseason, MLBTR predicted Hoffman for a four-year, $44MM deal. That was before the clubs reportedly expressed interest in him as a starter, which could potentially increase his earning power. Estévez was projected for a more modest $27MM guarantee over three years, but still a notable commitment.

By going for Romano, the Phils are hoping that they are making a big upgrade to their bullpen but at a relatively low cost since they are buying low. There is some risk there, as relievers are generally volatile in general and Romano is coming off an injury-marred season, but it’s a logical gamble to take. If things go especially well, it’s possible the Phils could extend a qualifying offer to Romano at the end of next year. Qualifying offers for relievers are rare, but guys like Josh Hader, Raisel Iglesias and Will Smith have received them in recent years.

Now factoring in Romano, RosterResource projects the Phillies for a $271MM payroll. That would be a franchise record by a significant margin, with Cot’s Baseball Contracts having them in the $242-244MM range in recent years but never higher than that. RR projects the CBT number at $289MM for next year. That’s not only beyond the $241MM base threshold but also the second and third tiers of $261MM and $281MM, respectively. As a third-time CBT payor, the Phils will be looking at a 50% base tax next year as well as surcharges of 12%, 45% and 60% for spending beyond the higher tiers. That means they are already slated for a 95% tax rate on any additional spending right now and a 110% rate if they go beyond $301MM, though successfully trading away a notable contract could drop them lower. If they remain above the third line of $281MM, they would also see their top pick in the 2026 draft dropped back ten spots. All of these could be significant factors as the club looks to make further upgrades in the rest of the offseason.

For the Jays, remaking the bullpen will also be a big storyline in the coming weeks and months. Their relief group had a collective ERA of 4.82 in 2024, ahead of just the Rockies and a key factor in their disappointing season. Getting better results out of the bullpen will be necessary for a turnaround but they will have to do so with a new closer. Chad Green racked up 17 saves in 2024 while Romano was mostly out of action and could be the favorite for the job among guys currently on the roster, but they could perhaps find an external addition and bump green into a setup role.

Jim Salisbury first reported the Phillies had interest in Romano. ESPN’s Jeff Passan reported the sides had reached an agreement. Ken Rosenthal of the Athletic first correctly reported the terms.

No Momentum Towards Extension Between Padres, Luis Arráez

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Infielder Luis Arráez is one year away from being a free agent. He has expressed an openness to signing an extension but it doesn’t appear anything is close on that front. Per a report from Dennis Lin of The Athletic, the Friars have “not yet engaged in serious extension talks” with Arráez.

The fact that extension talks have not happened yet doesn’t necessarily mean that they can’t happen at a later date. Traditionally, clubs like to use this part of the calendar to focus on player acquisitions, leaving extensions for closer to spring training. However, Lin reports that there is some debate within the San Diego front office about how valuable Arráez is, which perhaps reduces the odds of extension talks gaining steam down the road.

On top of that, there are the ongoing budgetary questions to consider. The Padres were among the most aggressive clubs in baseball while owner Peter Seidler was still alive, but it was clearly unsustainable. In September of 2023, alongside news of Seidler’s deteriorating health, it was reported that their debt service ratio was not in compliance with MLB regulations.

The club had given out nine-figure contracts to players like Manny Machado, Xander Bogaerts, Fernando Tatis Jr., Joe Musgrove and Yu Darvish, alongside some other notable deals as they looked to remake the club’s image as a small-market also-ran. As they were sending that money out the door, less was coming in, as their TV deal with Diamond Sports Group collapsed.

Going into 2024, the club needed to cut some payroll but had limited options for doing so. All of those aforementioned deals were quite large and therefore hard to trade. Even if the Padres found interest, all of those players have full no-trade clauses on their deals. All of these factors, as well as a lack of rotation depth, seemed to lead to the Juan Soto trade. That allowed the Friars to make a big cut from their budget and duck under the competitive balance tax while also bringing back arms like Michael King and Drew Thorpe, with Thorpe later flipped as part of the Dylan Cease trade.

Going into 2024, the budget could again be an issue. Though they haven’t yet made any notable moves this offseason, RosterResource projects them for a $210MM payroll next year, more than $40MM beyond last year. They are also projected for a $244MM CBT number, just above next year’s $241MM base threshold.

It’s unknown what sort of exact payroll parameters the club has for 2025, but Lin suggests the budget is tight again. He reports that the Friars were interested in catchers Kyle Higashioka and Danny Jansen but came up short despite those backstops getting relatively modest deals. Higashioka got $13.5MM over two years from the Rangers while Jansen settled for just one year and $8.5MM from the Rays. That doesn’t suggest the club is working with a lot of financial firepower this winter.

Arráez would be a speculative candidate for a move to open some spending capacity since he’s effectively in the same position that Soto was last year. He’s going into his final year of club control and set to make a notable salary while several other players are locked into long-term deals.

Cease and King are also just one year from the open market, but trading either of them seems less likely. The San Diego rotation has a strong front three consisting of those two and Darvish but things get flimsy after that. Musgrove is likely to miss the entire 2025 campaign after undergoing Tommy John surgery in October. Martín Pérez just became a free agent. Matt Waldron and Randy Vásquez are options for the back end but neither is fully established at this point. If anything, the club needs to add to that group, so subtracting King or Cease wouldn’t make much sense.

Arráez, on the other hand, could make more sense as a trade candidate. He is one of the game’s best contact hitters, having won three straight batting titles, but doesn’t walk much or provide much power. He has only drawn a walk in 6.9% of his career plate appearances but has only been struck out 6.8% of the time, while never hitting more than ten homers in a season. His .323/.372/.418 batting line translates to a 120 wRC+.

That’s a unique approach in today’s game and Arráez is clearly the best at the things he does well, but it’s also a limited profile. He’s doesn’t steal a ton of bases and isn’t considered a strong defender at either second or first base, his two primary positions.

MLBTR contributor Matt Swartz projects Arráez for a salary of $14.6MM next year. That’s far less than what Soto was slated to make in 2024 but still a lot of money for a useful but limited player. If the Padres were to trade Arráez, perhaps for some pitching, they could have an infield consisting of Machado at third, Bogaerts at short and Jake Cronenworth at second, perhaps using some of the savings to go after a cheaper option at first. Lin writes that the club would prefer to have Bogaerts at second like the start of the 2024 season but they would need a solution at shortstop with Ha-Seong Kim now a free agent and likely to miss the start of the 2025 season due to shoulder surgery.

This is largely speculative but Lin’s report that the front office isn’t convinced of Arráez’s value could perhaps nudge them more towards a trade than an extension. President of baseball operations A.J. Preller has generally been unafraid to make bold strikes even when painful, as last year’s Soto trade showed, so the Friars could be a club to watch in the coming weeks if they shake up the trade market.

One player unlikely to be on the block is reliever Robert Suarez. Per Lin, the Padres are inclined to keep him as his contract has an opt-out after 2025, which complicates trade talks. The righty is set to make $10MM in 2025 and then $8MM in each of the next two years, though he can walk away from those final two seasons. He just posted a solid 2.77 ERA in 2024 and clubs would surely have interest in that kind of performance, but the contract provides a lot of downside. If Suarez suffered any kind of notable injury, he would surely decline his opt-out chance and linger on the books for those two years. Given that downside, a club may be reluctant to give up any kind of notable return or take on the entirety of the contract.

Lin also adds that the Padres are “hopeful, if not confident, about a potential reunion” with outfielder Jurickson Profar. After a dreadful 2023 season, Profar signed with San Diego for a guarantee of just $1MM in 2024. That turned out to be a massive bargain for the club, as Profar went on to hit .280/.380/.459 for a wRC+ of 139.

Profar and Preller have a long relationship, as he was working for the Rangers way back when Profar was signed as an international amateur. Since coming to the Padres, Preller has signed Profar multiple times. But on the heels of a career year, Profar might be looking to cash in. MLBTR predicted he could land a three-year deal with a $45MM guarantee. If Profar is looking for anything in that ballpark, it could be tough to get it from San Diego, given the aforementioned payroll restrictions.

Red Sox Interested In Anthony Santander

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The Blue Jays, Yankees and Red Sox have strong interest in free agent outfielder Anthony Santander, per Jon Morosi of MLB.com (X link). The Jays and Yankees have been connected to Santander in previous rumors.

The fit is logical as all three clubs just came up short in their pursuit of Juan Soto. This winter’s free agent outfield market featured Soto at the top, clearly on a tier by himself, well above the rest. The level below featured a cluster of guys including Santander, Teoscar Hernández, Jurickson Profar, Tyler O’Neill, Michael Conforto and others. O’Neill and Conforto are also off the board now, in addition to Soto, so it’s natural that these clubs would pivot to the guys still available.

Santander, 30, doesn’t have Soto’s youth or plate discipline but there’s no doubting the power. He has hit at least 28 home runs in each of the past three seasons, including 44 in the most recent campaign, leading to 105 overall for the 2022-24 seasons. His 8.5% walk rate in that time was right around league average, with his 20.5% strikeout rate slightly better than par. His .244/.317/.478 batting line for that stretch led to a 124 wRC+, indicating he was 24% better than league average.

Given that healthy production, it’s unsurprising that he is generating plenty of interest. What also works in his favor is that he is a switch-hitter without strong platoon splits. As a righty against lefties, he hit .239/.309/.513 in 2024 for a 132 wRC+. For the inverse split, he hit .225/.306/.488 for a 123 wRC+. For his career, he has a 111 wRC+ against lefties and 116 against righties.

That balanced attack means he should be able to fit into the plans of any club with an outfield need, or perhaps an opening at designated hitter. His outfield defense has been subpar in his career, with grades of -3 Defensive Runs Saved and -13 Outs Above Average. He has gotten brief looks at first base recently, with 72 innings at that spot in 2023 and one more in 2024.

Despite the defensive concerns, Santander’s power bat is one of the best available. Perhaps some club would be willing to live with the subpar defense, or maybe try to slot Santander in at first base or designated hitter down the road. At the start of the winter, MLBTR predicted Santander could earn a guarantee of $80MM over four years.

For the Sox, they would likely be looking at Santander as an outfielder. Their corner infield and designated hitter mix is already crowded, with Rafael Devers at third, Triston Casas at first and Masataka Yoshida a primary option for designated hitter. There have been some rumors that the Sox would like to sign a third baseman and move Devers over to the other side of the diamond, which would likely require Casas or Yoshida to be moved.

In the outfield, the Sox have some good options but they could fit Santander into the mix. Jarren Duran and Wilyer Abreu project to be in two spots, but both are left-handed hitters with notable platoon splits. The lineup is already fairly left-leaning as Devers, Casas and Yoshida all hit from that side as well. The right-handed Rob Refsnyder can help out a bit but having Santander as an everyday option would help stabilize the whole group.

Ceddanne Rafaela could be involved in the outfield group as well but he’s a glove-first option who can also play the infield. Roman Anthony is one of the top prospects in the sport but he has not yet turned 21 years old and only has 35 games of Triple-A experience thus far. He is also a left-handed hitter, so he’ll exacerbate the club’s slant in that direction even if he earns his way into the big league plans.

The Sox have been looking to be aggressive this winter with the rotation being a primary focus but adding Santander or another big bat to the lineup would obviously help as well. They are reportedly even willing to pay the luxury tax under the right circumstances. RosterResource currently projects the club’s tax number at $181MM, which is $60MM below next year’s base threshold of $241MM. That should give them enough wiggle room to sign Santander or another outfielder as well as a notable starting pitcher, if they so choose. The Sox have been connected to various rotation options, including Corbin Burnes and Max Fried.

The Jays and Yankees have been connected to just about every big-name free agent, though both clubs have been focused on Soto until now. The coming days should see them pivot and gauge the market on guys like Fried, Burnes, Santander, Hernández, Alex Bregman and others, as those guys have each been connected to both the Yankees and Jays in rumors this offseason.

The loss of Soto obviously leaves a huge hole in the Yankee outfield, so they will surely be considering various options to bolster the group alongside Aaron Judge, Trent Grisham and Jasson Domínguez. That could include the aforementioned free agents but the Yanks have reportedly contacted the Cubs about a Cody Bellinger trade.

The Jays have George Springer and Daulton Varsho as their two most established outfielders, though Varsho is recovering from shoulder surgery and might not be ready for Opening Day. They have Nathan Lukes, Joey Loperfido, Jonatan Clase and other guys on the roster but those guys are all fairly limited in terms of their major league experience.

Santander rejected a qualifying offer from the Orioles at season’s end, so that club will receive draft pick compensation if he ultimately signs elsewhere. That feels fairly inevitable now that they have an agreement with O’Neill, effectively replacing Santander in the club’s outfield mix. If Santander signs a contract worth more than $50MM, the O’s will get a pick after the first round of the upcoming draft. The signing club will also be subject to penalties, depending on whether they are revenue sharing recipients or paid the competitive balance tax in 2024.

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