J.D. Martinez is still looking for a new contract as March begins, as the 37-year-old is coming off a decent but unspectacular season with the Mets. There hadn’t been any public buzz about teams connected to Martinez, yet Jon Heyman of the New York Post writes that the Yankees have “some contact with” Martinez’s camp, likely in connection to the ongoing uncertainty over Giancarlo Stanton’s status.
There isn’t any indication that the Yankees’ interest is anything more than due diligence at this point, though reaching out to establish some rapport with Martinez could be viewed as a first step in case Stanton ends up missing significant time. As Heyman notes, it doesn’t seem likely that Martinez would be signed just “as a stopgap player” if Stanton ultimately isn’t out of action for much beyond Opening Day. Martinez has limited roster utility as a virtual DH-only player at this point in his career, and the Yankees could always opt to rotate players through the DH spot if Stanton has only a limited absence.
Stanton has been battling discomfort in both of his elbows, and it has now been five or six weeks since the veteran slugger has even swung a bat. Stanton isn’t in camp at all right now, as Yankees manager Aaron Boone told reporters (including Heyman and MLB.com’s Bryan Hoch) that Stanton is in New York due to reasons unrelated to his elbow injuries, and it isn’t known when Stanton might be back in Tampa to take part in Spring Training.
Based on the amount of time Stanton has already lost, it seems quite likely he’ll start the season on the injured list, if for no other reason than to give him extra time to fully get healthy and pick up some at-bats during extended Spring Training. Though hitting is the primary focus since Stanton is also a DH-only player, some overall physical maintenance is necessary given Stanton’s long history of lower-body injuries. These elbow problems are a new issue for Stanton, adding another unwelcome entry to his checkered injury history.
With all of this in mind, there might be an opening for Martinez in the Bronx, who could basically slide directly into Stanton’s role as the primary designated hitter. The right-handed hitting Martinez struggled against same-sided pitching in 2024, which could open the door for New York to use a left-handed bat or switch-hitter to spell Martinez against righty pitching.
Martinez hit .235/.320/.406 with 16 home runs over 495 plate appearances for the Mets last season, translating to a 108 wRC+. A .351 xwOBA that was far above his .318 wOBA indicates that Martinez may have been somewhat unlucky at the plate, as Martinez still made a lot of hard contact and his walk rate was well above the league average. His 28.5% strikeout rate was quite poor, though strikeouts have long been an issue for Martinez for much of his career. As noted, Martinez’s chief issue in 2024 was a lack of production against right-handed pitching — he had only a .683 OPS against righties, in comparison to an .836 OPS against southpaws.
It is fair to wonder if Martinez’s late start contributed to these numbers, as he didn’t sign with the Mets until March 23, and he didn’t make his season debut until April 26. By this standard, Martinez is at least ahead of last year’s schedule in terms of finding his next contract, though missing over two weeks of spring camp has already made for another adjustment to his usual offseason calendar. In regards to a possible deal with the Yankees, the club is likely to want to gather as much information as possible on Stanton before deciding on a next course of action, so it may yet be a while before the Yankees make a pursuit of Martinez or anyone at all if they opt for external help.
Martinez made a $12MM salary with the Mets last year, in the form of $4.5MM in actual salary and the rest in deferred payments. The dropoff from his 2023 numbers will mean that Martinez will surely have to settle for less than $12MM wherever he signs, and the Yankees’ luxury tax situation is another possible obstacle to a deal, even if Martinez was available at a relatively inexpensive price. RosterResource projects New York’s tax number at roughly $305.1MM, already over the highest penalty tier of $301MM, and thus meaning the team will be taxed at a 110 percent rate on every dollar spent beyond $301MM.