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Cubs Sign Carlos Pérez To Minor League Deal

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The Cubs have signed veteran catcher Carlos Pérez to a minor league deal, according to the transactions tracker on Pérez’s MLB.com profile page. The deal presumably includes an invite to MLB Spring Training.

Pérez, 34, should not be confused with his younger brother and fellow catcher Carlos Pérez, who is currently a free agent but played parts of two MLB seasons with the White Sox. The elder Pérez signed with the Blue Jays out of Venezuela before making his pro debut in 2008 and has spent parts of five seasons in the majors since then. A well-regarded defensive catcher, Pérez made his big league debut with the Angels back in 2015 but slashed just .224/.267/.332 (64 wRC+) in 595 plate appearances across 184 games and three seasons in Anaheim. Pérez split the 2018 season between the Braves and Rangers but made it into just 28 games while posting a ghastly -4 wRC+ in 75 trips to the plate.

After that lackluster showing in 2018, Pérez shuffled between the Orioles, A’s, and Rockies systems over the years before finally resurfacing in the majors last year at the age of 32. The 2023 campaign was arguably the best of Pérez’s career as he served as Oakland’s primary backup behind Shea Langeliers. His .226/.293/.357 slash line in 68 games for the A’s was well below league average (83 wRC+) overall but roughly on par with the expectations associated with a typical big league backup. Pérez returned to the A’s on a minor league deal last winter but did not ultimately crack the club’s big league roster this year despite hitting quite well at Triple-A. In 112 games with the club’s Las Vegas affiliate, Pérez slashed a strong .260/.344/.544 with 27 homers and 27 doubles. Those numbers are inflated by the offense-friendly environment of the Pacific Coast League, but even when adjusted for that environment are still good for a 114 wRC+ at the level.

Pérez elected minor league free agency last month in search of greener pastures, which he seems to have found in Chicago. The Cubs appear mostly set at the big league level with a catching tandem of Carson Kelly and Miguel Amaya, but it’s possible that Pérez could be the next man up in the event of an injury, earning a big league opportunity similar to the ones Christian Bethancourt and Tomás Nido got with the club last year. From Chicago’s perspective, meanwhile, Pérez offers a non-roster depth option behind the plate who can also serve as a mentor to young pitchers at the Triple-A level like Cade Horton as well as the club’s top catching prospect, Moisés Ballesteros. Ballesteros reached Triple-A at just 20 years old last year on the power of his exciting bat, but his defensive skills are questionable and it’s not yet clear whether he’ll be able to stick behind the plate in the majors.

Dodgers Exploring Alternatives To Teoscar Hernandez

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Negotiations between the Dodgers and outfielder Teoscar Hernandez remain at an impasse, according to a report from Ken Rosenthal of The Athletic. While L.A. and Hernandez have long expressed mutual interest in a reunion following a successful 2024 campaign that ended in a World Series championship, previous reporting indicated a “gap” remained between the sides in negotiations. Evidently, that gap remains, as Rosenthal reports that Los Angeles brass are “exploring” right-handed alternatives to Hernandez they could add to their lineup instead. The three names Rosenthal lists as potential options for the Dodgers are free agent infielder Ha-Seong Kim, Cubs outfielder Seiya Suzuki, and White Sox center fielder Luis Robert Jr. Rosenthal emphasizes, however, that it’s not yet clear how serious the Dodgers are about those pursuits.

Of the three names floated, Suzuki is perhaps the best replacement for Hernandez from the Dodgers’ perspective. He hit .283/.366/.482 with 21 homers and 16 steals in 132 games for the Cubs last year. His high on-base percentage and lesser power make him a somewhat different flavor of hitter than Hernandez, but Suzuki’s 138 wRC+ actually has the edge over Hernandez’s own figure of 134. Both are generally regarded as below-average defenders in an outfield corner, but either one would provide the Dodgers with a big right-handed bat to add to their lineup and a regular for the outfield corner not occupied by Michael Conforto.

Good a fit as Suzuki would be, however, acquiring him may be easier said than done. Rosenthal reports that the Cubs are “not inclined” to trade Suzuki this winter. The club entered the offseason with something of a logjam in the outfield due to the presence of both Suzuki and Cody Bellinger, and that logjam only grew when the club added star right fielder Kyle Tucker in a trade with the Astros earlier this month. Since then, the Cubs dealt Bellinger to the Yankees. While that leaves them in a similar situation as the one they entered the winter in, with two right fielders on the roster and Suzuki likely relegated to regular DH duties, the club still seems to prefer keeping Suzuki rather than parting ways with the talented hitter.

Rosenthal suggests that the Cubs feel that Suzuki would be difficult to replace due to a thin market for impactful right-handed hitters. Aside from Suzuki, the middle of Chicago’s lineup is occupied by switch-hitter Ian Happ as well as lefty bats Tucker and Michael Busch, so Suzuki’s presence adds some much-needed right-handed thump to that mix. Suzuki also holds a no-trade clause, but his previously reported desire to avoid being a full-time DH could make the possibility of a trade that would make him L.A.’s regular right fielder a palatable option. Speculatively speaking, it’s possible that the Dodgers could include a talented right-handed bat such as Andy Pages in a package for Suzuki’s services in order to bridge that gap, though six seasons of team control over Pages would be a steep price to pay. Suzuki is under contract for two more seasons and will make $19MM in both 2025 and ’26 before hitting free agency.

Robert, meanwhile, certainly has the potential to match Hernandez’s offensive impact but has yet to demonstrate consistency in the majors. The 27-year-old endured the worst season of his career in 2024 as he hit just .224/.278/.379 (84 wRC+) while striking out at a 33.2% clip, but hit a much more palatable .287/.331/.511 (129 wRC+) over the prior three seasons and is just one season removed from a 4.9 fWAR 2023 campaign. Robert pairs that volatile but potentially impactful bat with impressive speed (he stole 23 bases in just 100 games this year) and quality defense in center field. He also comes with plenty of injury risk, as 2024 was just the second time in his career he played in even 100 games due to a number of trips to the injured list over the years.

Rosenthal suggests that if the Dodgers were to take a chance on the talented-but-inconsistent Robert, he’d slot into center field for Los Angeles. It’s unclear whether that would mean moving Mookie Betts back to right field and playing Tommy Edman at shortstop, or perhaps a move to second base for Edman that pushes Gavin Lux to the bench (or off the team via trade) and leaves right field open for some combination of Andy Pages and James Outman. Robert is guaranteed $17MM in the form of a $15MM salary and a $2MM buyout on a $20MM club option for 2026, but could be retained via club options through the end of the 2027 season if acquired. In terms of acquisition cost, it’s possible that Robert would be less pricey than Suzuki given that Rosenthal reports that the White Sox don’t expect to land multiple top prospects in exchange for Robert, though they would want a “meaningful piece” in return for the All-Star.

Kim is somewhat unique as a potential target for multiple reasons. As a free agent, he’d cost the Dodgers nothing but money as opposed to a trade for Suzuki or Robert that would require some sort of player or prospect return headed the other way. He’s also an infielder who derives much of his value from being a plus defender all across the infield dirt. That makes him a tricky positional fit for a Dodgers club that already figures to juggle Betts, Lux, and Miguel Rojas up the middle. While the club could simply move Betts back to right field, it’s possible they’d prefer to keep him on the dirt and play him alongside Kim with one at shortstop and the other at second base. That would leave Lux without a position, however, and also leave a hole in the outfield left to be internal options or another external addition.

Kim is also by far the weakest hitter of the three at the plate and an undeniable downgrade from Hernandez offensively. While Kim has improved leaps and bounds at the plate after a lackluster rookie season, he’s still more or less a league average hitter with a 101 wRC+ in 2024 and a .250/.336/.385 (106 wRC+) line overall since becoming a regular in 2022. It’s also worth noting that he seems ticketed for the injured list to start the season after undergoing shoulder surgery back in September, though Rosenthal reports that he’s targeting a return to the diamond “early” in the 2025 season. Even so, that would leave the Dodgers utilizing their internal options to fill out the lineup card until Kim is ready to return to action.

Nine Teams Exceeded Luxury Tax Threshold In 2024

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Major League Baseball finalized its luxury tax calculations for 2024. ESPN’s Jesse Rogers was first to report the list of payors, while Ronald Blum of the Associated Press reports the details. A record nine teams surpassed the $237MM competitive balance tax threshold. In a separate post, The Associated Press lists the finalized CBT numbers for all 30 teams.

The payments are as follows:

  • Dodgers: $103MM
  • Mets: $97.1MM
  • Yankees: $62.5MM
  • Phillies: $14.4MM
  • Braves: $14MM
  • Rangers: $10.8MM
  • Astros: $6.5MM
  • Giants: $2.4MM
  • Cubs: $570K

Teams pay escalating penalties for exceeding the threshold in consecutive seasons. The Dodgers, Mets, Yankees, and Phillies have all paid the tax in at least three straight years — subjecting them to the highest escalator fees. Texas and Atlanta are second-time payors. Houston, San Francisco, and the Cubs did not exceed the threshold in 2023 and are marked as first-time payors.

The Dodgers ($353MM), Mets ($348MM), and Yankees ($316MM) all had CBT numbers above $277MM, which marked the third tax bracket. All three teams will see their first-round pick in the 2025 draft dropped by 10 spots. Considering they each advanced at least as far as the LCS and the Dodgers won the World Series, those clubs won’t have any regrets about that penalty. Atlanta narrowly stayed below the $277MM threshold to avoid any impact on their draft.

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 2025 and $1MM from their ’26 international bonus pool — for signing a qualified free agent from another team.

The Mets (Juan Soto), Yankees (Max Fried), Giants (Willy Adames), and Astros (Christian Walker) have already signed or agreed to terms with qualified free agents. The Mets (Luis Severino), Yankees (Soto), and Braves (Fried) have lost qualified free agents. Houston is likely to see Alex Bregman walk. The Mets (Pete Alonso, Sean Manaea) and Dodgers (Teoscar Hernández) still have unsigned qualified free agents of their own.

The top eight luxury payors were all clearly above the base threshold, while the three biggest spenders blew beyond every surcharge marker. The only source of CBT intrigue late in the season concerned the Cubs and Blue Jays, both of whom were hovering right around the tax line.

When it became clear that neither team would make the playoffs, they each attempted to dip below $237MM by shedding money via waivers. The Cubs were unsuccessful and landed around $239.9MM; Toronto dropped just below $234MM. The tax impact for the Cubs is negligible — a $570K bill is less than the cost of one player on a league minimum salary — but it places a higher penalty for signing qualified free agents and could incentivize them to stay under the threshold in 2025 to reset their status. Six of the nine payors made the postseason. Texas, San Francisco, and Chicago were the exceptions.

Last year, a then-record eight teams surpassed the CBT threshold. The Padres are the only team that was above the line in 2023 and got below it this year. San Diego finished with an approximate $228MM mark that ranked 11th in the majors — behind the nine payors and the Blue Jays. The Red Sox, Diamondbacks, Cardinals, and Angels were the other teams above the median in payroll. On the other side of the equation, the five bottom spenders were as follows: Athletics ($84MM), Rays ($107MM), Tigers ($110MM), Marlins ($122MM), and Pirates ($123MM).

The teams that exceeded the threshold have until January 21 to pay MLB. 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. Next year’s base threshold climbs to $241MM.

Mets Meet With Roki Sasaki

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December 20: The Cubs are going to be meeting with Sasaki today, reports Bruce Levine of 670 The Score.

December 19: The Mets had a meeting with Roki Sasaki on Thursday, reports Andy Martino of SNY. They’re the second team that has been publicly revealed to meet with the NPB star. Yankees general manager Brian Cashman told reporters (including MLB.com’s Bryan Hoch) on Wednesday that Sasaki had scheduled an in-person meeting with the club. It’s not clear when that will take place.

Virtually every team would love to land Sasaki. It stands to reason that most, if not all, clubs have at least prepared a pitch they can make to the 23-year-old righty. Sasaki and his representatives at Wasserman presumably don’t intend to meet with every team over the next few weeks, though.

Agent Joel Wolfe spoke with media (including MLBTR’s Tim Dierkes and Steve Adams) at the Winter Meetings. Wolfe indicated that Sasaki would speak with teams in person at a central location in the United States throughout this week. He’s slated to return to Japan for the holidays but could come back to the U.S. to view the cities of the finalists thereafter.

This is only the first run of presentations. Many people consider the Dodgers or (to a lesser extent) the Padres to be the favorites, though Wolfe vehemently denied last month that there was any kind of handshake agreement with Los Angeles already in place. Wolfe suggested at the Winter Meetings that Sasaki could benefit from landing in a city that doesn’t have a large media contingent, though he stressed that was solely his opinion and that he and Sasaki had yet to discuss that in great detail.

Sasaki’s posting window opened on December 9. He must sign with an MLB team by January 23 but cannot sign until after next year’s international amateur period opens on January 15. He could reach an unofficial verbal agreement before that point, however. Sasaki’s bonus will be hard capped by MLB’s amateur signing limitations.

Teams can acquire up to 60% of their bonus allotment via trade. Those trades cannot begin until the 15th. Sasaki’s maximum potential bonus would be $12.0888MM. He’ll likely sign for a fair bit less than that, since it’d require a team with the highest initial pool (one of Milwaukee, Seattle, Tampa Bay, Minnesota, Miami, Cincinnati, Detroit, or the Athletics) to trade for the maximum amount and commit their entire pool to Sasaki. The Yankees and Mets each have just under $6.2616MM in their starting pool. If they traded for 60% more space, they’d be able to offer just over $10MM.

Luzardo Talks Between Cubs, Marlins Have Reportedly Cooled

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The Cubs have been extremely active on the trade market over the past week, but it seems their latest deal may have hit a snag. Bruce Levine of 670 The Score said on air this morning that Chicago’s talks for Marlins lefty Jesus Luzardo “appear to be dead” after having some serious momentum earlier in the week (audio link, Luzardo talk around the 2:13:45 mark). It’s not entirely clear whether the parties will seek to rekindle negotiations, but Levine suggests that medical reviews on one side or the other could have thrown a wrench into talks.

The natural inclination for many will be to presume that Luzardo’s medical records proved to be the hitch, but there’s no firm indication that’s the case. It’s every bit as possible that the Marlins took a look at medical records on one of the prospects who was a focal point in the proposed return and balked at what they saw.

Luzardo, 27, has repeatedly demonstrated front-of-the-rotation potential but hasn’t been able to consistently deliver results at that level — often due to injuries. He posted a 3.48 ERA with an excellent 28.7% strikeout rate against a sharp 7.9% walk rate in 279 innings from 2022-23 but missed time along the way due to a forearm strain. Luzardo, who had Tommy John surgery as a prospect, also spent time on the injured list early in 2024 due to elbow tightness. He returned and pitched well — 3.98 ERA over his next seven starts — only to land back on the injured list in mid-June with a lumbar stress reaction that wound up ending his season.

Luzardo has only reached 100 big league innings twice in his career and has only started more than 18 games in the majors once. Including minor league work, he topped 100 innings each year from 2021-23, but those are his only professional seasons doing so. His 178 2/3 innings from 2023 are far and away a career-high mark.

Durability concerns notwithstanding, prime-aged lefties who average around 96 mph on their heater while boasting plus swinging-strike and strikeout rates alike are rare. Add Luzardo’s at least average command into the mix, and the potential for him to emerge as a bona fide star is clear. He was a top-100 draft pick and one of the top pitching prospects in baseball prior to his debut, after all. However, keeping him healthy has been a difficult task for the A’s and Marlins alike.

Even if it was Luzardo’s medicals that held up a potential deal — and again, we decidedly do not know that to be the case — that doesn’t eliminate the possibility of a trade sending him elsewhere. We’ve seen plenty of past instances where one team backs out of a deal based on a player’s medicals while another club finds them acceptable. For instance, the Yankees reportedly nixed a trade for Jack Flaherty over the summer due to medical concerns. The Dodgers were comfortable enough making a deal and got 10 regular season starts out of Flaherty, plus another five in the postseason. Different teams have different thresholds, and everything that’s taken into consideration is done so relative to the valuation of the players going the other direction in the deal.

As for the Cubs and what might be next if the Luzardo talks can’t be revived — that’s an open question. The trade of Cody Bellinger trimmed $25MM of his $27.5MM salary from the books, giving Chicago plenty of flexibility. RosterResource estimates their current payroll to be around $174MM, with just over $191MM of luxury obligations. That puts the Cubs roughly $50MM shy of the first luxury threshold. At least on paper, that leaves room to add virtually any free agent without needing to worry about the luxury tax, though Levine pushes back strongly on the idea of Chicago making a run at Corbin Burnes.

There’s a clear need for bullpen help and a strong likelihood that the Cubs will jump into the market for some notable late-inning options. History suggests that president of baseball operations Jed Hoyer will prefer to keep any free agent commitments there to the short-term variety. Hoyer has not given out a multi-year deal to a reliever since taking over baseball operations in Chicago. Kirby Yates, old friend David Robertson and Kenley Jansen are among the older but still-effective closing options who could be had on short-term deals. If the Cubs are willing to break from their past behavior on the relief market and pursue larger-scale targets, then names like Tanner Scott, Jeff Hoffman and Carlos Estevez currently top the market.

MLBTR Podcast: Kyle Tucker To The Cubs, And Trades For Devin Williams And Jeffrey Springs

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Yankees Acquire Cody Bellinger

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The long-awaited Cody Bellinger trade has arrived. The Yankees and Cubs announced a trade sending Bellinger and cash considerations to the Bronx in exchange for right-hander Cody Poteet. Chicago is reportedly paying down $5MM of the $52.5MM remaining on Bellinger’s contract. They’ll pay $2.5MM of next season’s $27.5MM salary and send another $2.5MM in 2026 — either covering a portion of his $25MM salary for that season or paying half of the $5MM buyout if he opts out of his contract next winter. New York reportedly plans to use Bellinger as a center fielder.

Bellinger heading to the Bronx is a logical fit and it has been in plenty of rumors recently. At the start of the offseason, the Yankees lost Juan Soto, Alex Verdugo and Anthony Rizzo to free agency, opening up two holes in their outfield and one at first base. Since Bellinger has played both the outfield and at first, the 29-year-old was seen as a possible fit for their 2025 plans in various ways. The Yanks pursued Soto for a long time but he eventually landed with the Mets, pushing the Yankees to several backup plans. They have since signed left-hander Max Fried and acquired right-hander Devin Williams to upgrade their rotation and bullpen.

For the Cubs, Bellinger has seemed expendable for a few reasons. On the one hand, Pete Crow-Armstrong emerged as a viable glove-first center fielder in 2024, which was Bellinger’s primary spot the year before. Michael Busch also took over the first base spot. With Ian Happ and Seiya Suzuki in the outfield corners, Bellinger was a bit squeezed. The Cubs only compounded the problem when they acquired Kyle Tucker from the Astros.

However, beyond the roster crunch, the Cubs were also likely motivated to move Bellinger due to his decline in performance. After some rough years with the Dodgers while recovering from shoulder surgery, the Cubs took a bounceback flier on Bellinger in 2023. After being non-tendered by the Dodgers, the Cubs gave Bellinger a $17.5MM guarantee on a one-year pact, hoping he could get over his injury woes and return to being the player that won Most Valuable Player in 2019.

He didn’t get all the way back to that level but was still great value for that investment. He stole 20 bases and hit 26 home runs. He only struck out 15.6% of the time. The reviews of his center field defense were mixed but were mostly close to league average. He also moved to first base on occasion. He slashed .307/.356/.525 for a 136 wRC+ and produced 4.4 wins above replacement, in the eyes of FanGraphs.

Perhaps the Cubs would have been happy to walk away at that point. They gave Bellinger a qualifying offer and didn’t seem to have a very high motivation to re-sign him, but nor did any other clubs, as Bellinger remained unsigned through late February. Eventually, he and the Cubs agreed to a three-year, $80MM deal with opt-outs after each season.

On that kind of deal, the best case scenario for the club is that the player performs well and then opts out. If the player doesn’t opt out, it means he doesn’t like his prospects in free agency, which likely means he got hurt or underperformed.

Bellinger’s production did indeed slip relative to 2023, though it wasn’t disastrous. He stole nine bases and hit 19 home runs. His strikeout rate held steady at 15.6%. He slashed .266/.325/.426 for a wRC+ of 109. His center field defense was still graded as around league average but he spent less time there due to the aforementioned emergence of Crow-Armstrong. He produced 2.2 fWAR, half of the year before.

Going into the offseason, it was a borderline call as to whether Bellinger would opt out or not. He could have taken the $2.5MM buyout and taken his chances, leaving a $52.5MM guarantee on the table. While he may have been able to beat the $50MM difference this winter, he decided to stay, perhaps due to the way the current contract is allocated. He will make $27.5MM in 2025 with a $5MM buyout on his $25MM for 2026. There’s a best-case scenario for him personally where he plays better in 2025 and then takes the second opt-out, returning to the open market with greater earning power, pocketing $32.5MM in the process. He decided that was more attractive than opting out this year.

It seems fair to conclude that the Cubs would have rather he opted out. Trade rumors surrounding Bellinger have been flying all offseason and now the Cubs have moved on from him, mostly for salary relief. By taking on the majority of that salary, the Yankees haven’t had to give up much, though there is financial risk and the deal has more downside than upside.

If Bellinger plays especially well in 2025, he will trigger that opt-out. That will leave the Yankees having paid him $27.5MM for one year, which is the best-case scenario for them at this point. Though if he doesn’t play well or finishes the upcoming season with a notable injury, he will stay on their books for 2026, with the Yanks on the hook for $22.5MM of his $25MM salary.

The Yankees are also repeat luxury tax payors, which will add to what they are paying Bellinger. If they end up above the highest threshold as they did in 2024, then they are slated for a 110% tax on spending over the top line, so any new additions to the roster effectively cost double. That compounds the risk they are taking with Bellinger but the same would be true if they had instead opted to sign a free agent or acquire another player making a notable salary.

Bellinger has been a very streaky player in his career, so it’s anyone’s guess which of those outcomes is more likely in the upcoming year. As mentioned, he’s shown MVP upside but followed that up with a stretch so bad that he was non-tendered. He roared back in 2023 but dipped a bit in 2024.

All that being said, it’s understandable why the Yankees would be interested in taking this risk. The free agent market features outfielders like Teoscar Hernández and Anthony Santander, but they will likely end up with larger guarantees than Bellinger. Santander is reportedly looking for a five-year deal and Hernández three, each likely hoping for an average annual value of $20MM or more.

They are also both bat-first guys with poor defense, whereas Bellinger is capable of being a strong defender in an outfield corner or perhaps passable in center. The Yanks played Aaron Judge in center a lot in 2024 while using Verdugo and Soto in the corners, though it seems that Judge is now slated to return to right field. That’s a sensible pivot since Judge’s marks were poor this year and he’s about to turn 33, meaning the long-term toll on his body would have to be considered. The Yankees may have continued to have Judge up the middle if they had re-signed Soto but after he signed with the Mets, it was reported the the club was planning to move Judge back to right and have Jasson Domínguez get a crack at the center field job.

Now that they have landed Bellinger, it seems he is Plan A for center. As mentioned, the advanced metrics have been a bit split on his viability there. In over 4,000 innings, he has been credited with 10 Defensive Runs Saved. However, most of that positive value came earlier in his career with the Dodgers. He’s been average or below for four straight years now. Outs Above Average, however, is far more bullish. That metric has given Bellinger a grade of +19 in his career, having him at par or better in every season of his career.

Perhaps there’s a scenario where Domínguez seems like the better option and pushes Bellinger to a corner, but there’s no guarantee he will be a capable big leaguer in 2025 at all. He tore through the minors and then debuted with a splash in 2023, but he then required Tommy John surgery late that year, which put him on the shelf for a decent chunk of 2024. He then missed more time this year due to an oblique strain and has only appeared in 26 big league games at this point. He will likely still get a shot at taking the left field job next to Bellinger and Judge but isn’t guaranteed anything, with guys like Everson Pereira and Spencer Jones around to give him some competition.

The Yanks didn’t have many other options if they wanted to find a solution for center field. The free agent market is arguably led by glove-first Harrison Bader, who they weren’t likely to sign anyway after a bad experience trading for him in 2022. The trade market has other options such as Luis Robert Jr., though all reports have indicated the White Sox are setting a high asking price even though Robert is coming off yet another injury-marred season.

It’s also possible that they change their plans, depending on how the rest of the offseason plays out. They reportedly have interest in various first base options, such as trade candidates Josh Naylor or Nathaniel Lowe, as well as free agents Pete Alonso, Christian Walker, Carlos Santana and Paul Goldschmidt. But if they can’t complete a deal they like there, they could always pivot back to Hernández and/or Santander or some other outfielder, sending Bellinger to first base in that scenario.

For the Cubs, they are likely happy to get the majority of Bellinger’s salary off their books but also take a flier on Poteet. The 30-year-old has 83 innings of major league experience at this point between the Marlins and Yankees, missing the 2023 season while recovering from Tommy John surgery. He returned to the mound in 2024 but also missed about three months due to a right triceps strain.

He tossed 24 1/3 innings in the majors this year over four starts and one relief appearance. He allowed 2.22 earned runs per nine with a 16.7% strikeout rate, 8.3% walk rate and 42.3% ground ball rate. He also made ten Triple-A starts with a 3.92 ERA, 27.2% strikeout rate, 8.3% walk rate and 40.7% ground ball rate.

The Cubs already have a solid rotation mix consisting of Justin Steele, Shota Imanaga, Jameson Taillon, Matthew Boyd and Javier Assad. They’ve been connected to Jesús Luzardo in recent rumors and also have Jordan Wicks, Ben Brown and Cade Horton in the mix. Poteet still has options and can slot in as Triple-A depth for the Cubs.

Financially, RosterResource now has the Cubs with a competitive balance tax calculation of $192MM, almost $50MM shy of the $241MM base threshold. They went a bit over the line in 2024 but it’s unclear if they are willing to do so again in 2025. It’s also unclear if they have any other big moves planned now that they have added Tucker and Boyd. The bullpen could certainly use some upgrades but the club has generally shied away from big splashes there.

RR puts the Yankees at a $270MM payroll and a luxury tax calculation of $292MM. They had a payroll around $300MM last year and therefore still have a bit of wiggle room for other moves if they are willing to get to a similar level next year. The top tier of the tax starts at $301MM next year, so they are not far from getting up to that 110% tax rate, but are already at a 95% rate at their current level.

They are still on the lookout for help at the infield corners, with Jazz Chisholm Jr. likely slated to be moved from third to second base, though adding a second baseman and keeping Chisholm at third is also a possibility. Perhaps a trade of Marcus Stroman could help in multiple ways, as he is making a notable salary and arguably surplus to requirements in the rotation.

Jeff Passan of ESPN first reported that Bellinger and cash were going to the Yankees for Poteet. Jack Curry of YES Network first had the $5MM total. Jesse Rogers of ESPN reported that it was split into $2.5MM per year while Passan added that the second half would be coming regardless of the opt-out decision. Bob Nightengale of USA Today reported that Bellinger has been told he’ll be playing center field for the Yanks.

Jed Hoyer Discusses Kyle Tucker, Corner Infield Plans

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The Cubs pulled off a huge deal last week, acquiring outfielder Kyle Tucker from the Cubs in exchange for third baseman Isaac Paredes, right-hander Hayden Wesneski and prospect Cam Smith. President of baseball operations Jed Hoyer spoke to members of the media today (including Meghan Montemurro of the Chicago Tribune, Bruce Levine of 670 The Score and Maddie Lee of the Chicago Sun-Times), addressing Tucker and the club’s corner infield options.

While Tucker is a big upgrade for the 2025 team, he is set to be a free agent after that. That means he doesn’t currently provide the Cubs any value beyond the upcoming season, apart from the extra draft pick they would receive if he rejects a qualifying offer at season’s end and then signs elsewhere.

The Cubs could always change that future by signing Tucker to an extension, something that Hoyer touched upon a bit. “I don’t know what the future holds,” he said. “But obviously Chicago sells itself really well. And so, I’m excited to bring him in for this year, and we’ll see where it goes beyond that. But clearly this was the kind of player that we lacked.”

It’s fair to assume that the Cubs would love to have Tucker beyond just the one year. They clearly value the player highly, based on the strong package of talent they gave up just for that one season, plus the aforementioned QO compensation. Tucker himself also spoke today (per Levine) and said he’s open to having talks before he hits the open market.

While it’s nice that Tucker is open to having talks, agreeing on a price point might be a challenge. Tucker has been one of the better players in baseball in recent years and is slated to hit free agency ahead of his age-29 season. To get a really good player to sign an extension just before hitting free agency ahead of his 30th birthday isn’t cheap, as shown in MLBTR’s Contract Tracker. Some recent examples include $365MM for Mookie Betts, $341MM for Francisco Lindor and $313.5MM for Rafael Devers.

It’s a somewhat similar situation to the one that just played out between Juan Soto and the Yankees. He was acquired from the Padres with one year remaining before hitting free agency, said he was open to contract talks at any time, but ultimately became a free agent and signed a mega deal with the Mets.

With the Cubs, it’s arguably even less likely to get done. Tucker’s earning power isn’t as high as Soto’s but the Cubs have never given out deals even to that Betts/Lindor/Devers level. Jason Heyward’s $184MM deal is still the largest in franchise history, even though it’s almost a decade old at this point. Since Hoyer took over, the club’s largest deal has been $177MM for Dansby Swanson, the only time he’s gone higher than $85MM. Perhaps they are willing to break that pattern for Tucker, who they clearly like, but it would likely require them to effectively double the Heyward/Swanson deals.

Hoyer also addressed the third base situation at Wrigley, as trading Paredes created an opening there. It has been expected that the club would be willing to give prospect Matt Shaw to take that spot. Hoyer seems to be open to that coming to pass, saying that Shaw would get a “long look”, though he wouldn’t just call it a done deal. “He has to earn that job,” Hoyer said. “I’m not going to gift him that on a conference call in the middle of December.”

That’s a fair position to take. Though Shaw has performed very well in the minors, even the best prospects can struggle when first called up to the majors, so nothing can be taken for granted. Selected 13th overall last summer, Shaw has slashed .303/.384/.522 so far in 159 minor league games across different levels. That includes a line of .298/.395/.534 in 35 Triple-A games to finish his 2024 season, so there’s definitely an argument for him cracking the majors to start 2025.

But since there’s no guarantee he will hit the ground running, the Cubs will need to have backup plans. The Cubs had six players spend at least 85 innings at third this year, but Miles Mastrobuoni is the only one of the six left on the roster. As mentioned, Paredes was in the Tucker deal. The Cubs traded Christopher Morel to the Rays in order to acquire Paredes in the first place. Nick Madrigal and Patrick Wisdom were non-tendered at season’s end. David Bote was outrighted off the roster in August.

Infielder Gage Workman was just grabbed from the Tigers in the Rule 5 draft, so he has a roster spot for now, but he doesn’t have any major league nor any Triple-A experience. Ben Cowles and Luis Vázquez are other multi-positional infielders currently on the 40-man. Perhaps the Cubs will look at adding to that group by signing a veteran utility man, whether that’s to a modest major league deal or a minor league pact.

One thing that is apparently not under consideration is moving Michael Busch across the diamond. The club had an outfield logjam but Cody Bellinger can play first, so it was theoretically possible for them to open that spot for Bellinger by moving Busch to the hot corner, a position where he has 99 1/3 innings of major league experience. But Busch got strong grades for his first base defense this year and Hoyer suggested their focus would be keeping him there. Bellinger was traded to the Yankees after Hoyer’s comments this afternoon.

Unrelated to Hoyer’s comments, there was another Cubs tidbit of note this week. Patrick Mooney and Sahadev Sharma of The Athletic report that the club has considered the possibility of stretching out right-hander Nate Pearson as a starter.

There’s some merit to the plan but it may be difficult to pull off. Pearson was a starting pitching prospect of note with the Blue Jays before injuries pushed him into a relief role. As recently as July, he expressed an interest in returning to a rotation role, shortly before he was traded to the Cubs.

Bullpen-to-rotation conversions have been all the rage lately. Some recent success stories have included Michael King, Seth Lugo, Reynaldo López, Garrett Crochet and others. It doesn’t always work, with the A.J. Puk experiment one attempt that didn’t pan out, but clubs seem to be warm to the idea. The Mets have signed Clay Holmes with a plan of stretching him out next year and there have been some reports suggesting Jeff Hoffman might get a rotation gig next year as well.

With Pearson, it’s tough to see a path next year. The Cubs already have Shota Imanaga, Justin Steele, Matthew Boyd, Jameson Taillon and Javier Assad in the rotation, with reported interest in Jesús Luzardo of the Marlins as well. They also have Jordan Wicks, Ben Brown, Cade Horton and other potential starters around, so all those guys might not leave a lot of room for Pearson to get big league starts. As such, Mooney and Sharma admit that Pearson is most likely to stick in a relief role next year.

White Sox Acquire Matt Thaiss From Cubs

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The Chicago teams have lined up on a minor trade. The White Sox acquired catcher Matt Thaiss from the Cubs for cash, the teams announced. The Sox had an opening on the 40-man roster, so there was no corresponding move.

Thaiss was only an offseason acquisition for the Cubs. They landed him from the Angels in a cash trade last month. He had a path to backup job behind Miguel Amaya at the time. That’s no longer on the table. Chicago signed Carson Kelly to a two-year free agent deal last week. Amaya and Kelly will split the catching reps at Wrigley Field.

Kelly’s signing made a Thaiss move all but inevitable. He’s out of options, so the Cubs couldn’t send him to the minors without putting him on waivers. Teams rarely carry three catchers on the active roster for an entire season. The Cubs could have carried Thaiss into Spring Training as injury insurance, but they’d likely have been squeezed into a roster move if their top two catchers were healthy on Opening Day.

Trading Thaiss now gives him some clarity and opens a spot on the Cubs’ 40-man roster, which had been at capacity. Thaiss has a decent chance at breaking camp on the South Side. Korey Lee had a .210/.244/.347 showing in a career-high 394 plate appearances this past season. Chuckie Robinson, who has 51 MLB appearances and turned 30 this week, was the only other catcher on the 40-man roster.

The Sox have a pair of highly-regarded catching prospects, Kyle Teel and Edgar Quero, who aren’t far off major league readiness. They were each the headliners of recent trades. Teel led a four-prospect return from the Red Sox in last week’s Garrett Crochet deal, while Quero was the big piece in the 2023 deadline deal that sent Lucas Giolito and Reynaldo López to the Halos. Both players should make their big league debuts next season, though they might each open the season at Triple-A Charlotte.

Thaiss, a left-handed hitter, brings more on-base ability than Lee provides. He’s a career .208/.313/.342 hitter who posted a .204/.323/.299 slash across 186 plate appearances with the Angels this year. Thaiss takes plenty of pitches, which allows him to work a lot of walks but contributes to lofty strikeout rates. He has never graded as a particularly strong defender, which led the Angels to move him from catcher to first base early in his minor league career. He moved back behind the dish in 2022 but grades as a below-average pitch framer with subpar arm strength.

Cubs Interested In Jesus Luzardo

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Dec. 16: Bruce Levine of 670 The Score said in an appearance on the Mully & Haugh show this morning that the Cubs and Marlins have been working on a potential Luzardo deal for some time now (audio link, Luzardo talk at 7:37am mark). Levine adds that a trade for Luzardo is something the Cubs “would really like to get done … in the next few days.”

That, of course, doesn’t necessarily indicate that a trade is close at the moment, but it’s nevertheless notable that the two parties are in ongoing discussions and that the Cubs feel strongly about trying to push something across the finish line.

Dec. 14: The Cubs already added Matthew Boyd to their rotation this winter but remain interested in adding another prominent name (if not someone at the top of the free agent market) to a starter group that already includes Shota Imanaga, Justin Steele, and Jameson Taillon as the top three.  Such trade and free agent targets as Luis Castillo and Walker Buehler have been linked to Chicago already, and USA Today’s Bob Nightengale reports that the Cubs have also shown interest in Marlins left-hander Jesus Luzardo.

Reports surfaced during the Winter Meetings about some teams checking in on Luzardo’s services, as it could be that teams were investigating a buy-low possibility.  Luzardo has been mentioned as a potential trade candidate even before the Marlins entered their latest teardown, and had he been healthy in 2024, it is quite possible he would’ve already been shipped off to a different team prior to the last trade deadline.  Unfortunately for Luzardo and the Marlins, he was limited to 12 starts and 66 2/3 innings due to elbow problems and repeated back problems, including as a stress reaction in his lower back.

Injuries have essentially been the story of Luzardo’s career over his six Major League seasons with the A’s and Marlins.  He has 512 innings pitched across parts of those six seasons, with 178 2/3 of those frames coming in 2023.  Luzardo’s career 4.29 ERA includes a lot of peaks and valleys, with struggles in 2021 and 2024 undermining his otherwise above-average numbers.

The inconsistency resulted in lowering Luzardo’s price tag as he entered his arbitration years, and MLBTR projects him to earn $6MM this winter in his second of three arb-eligible seasons.  If he can replicate his 2023 form, his 2025-26 salaries will be a significant bargain for the Marlins or whatever team Luzardo is pitching for, and he is only entering his age-27 season.

The upside here is obvious, except the obvious concern for any interested teams is that they don’t know what version of Luzardo will show up in 2025.  This could make it hard for Miami to land on an acceptable trade package with the Cubs or any other team, simply because the Marlins naturally want to get as much as they can in return for one of their top trade chips.  Waiting until the deadline might be the wiser tack for Peter Bendix’s front office, as while Luzardo runs the risk of getting hurt again, a healthy and effective first half would restore his trade value.

670 The Score’s Bruce Levine reports that Miami is looking for a “young controllable bat back” in a Luzardo deal, and suggests that the Cubs would have to give up a top prospect like Owen Caissie or James Triantos.  Considering those two are both within the top 55 of MLB Pipeline’s rankings of the top minor leaguers in all of baseball, it would be bold on Chicago’s part to move Caissie or Triantos for an injury-prone pitcher coming off a 5.00 ERA season.

Then again, the Marlins scored a nice trade package for another oft-injured, inconsistent pitcher at the last deadline when they got Connor Norby and Kyle Stowers from the Orioles for Trevor Rogers.  While the deal raised eyebrows at the time, it underscored the value that teams put on controllable pitching.  Of course, the fact that Rogers heavily struggled after the trade to Baltimore also highlights the risk involved in such trades.  The Cubs have already shown their aggression this winter by trading for Kyle Tucker, and might be willing to dip into their deep farm system again in order to make a potentially huge rotation upgrade.  Assuming that the likes of Caissie or Triandos are even on the table in potential trades, Chicago might prefer to opt to move those kinds of prospects only for a more reliable pitcher.

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