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Hal Steinbrenner To Meet With Boras/Soto

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Yankees owner Hal Steinbrenner is scheduled to fly to Southern California for an in-person meeting with Juan Soto and agent Scott Boras, report Mark W. Sanchez and Jon Heyman of the New York Post. The Post reports that the sit-down will occur in about a week a half — a few days after Boras and Soto welcome Mets owner Steve Cohen.

Boras suggested at this week’s GM Meetings that Soto plans to meet with the ownership group of every team that is pursuing him. That made it an inevitability that he’d sit down with each of Cohen and Steinbrenner. The Yankees and Mets are the two most obvious suitors for the market’s top free agent.

Plenty of teams would love to bring Soto into the fold. Heyman reported last week that at least 11 teams had reached out to Boras to express interest — the Giants, Dodgers, Blue Jays and Red Sox among them. Still, there’s speculation throughout the industry that Soto is likeliest to land with one of the New York teams. Boras has publicly stated that Soto is willing to sign anywhere. Saying otherwise wouldn’t do his market any favors, of course.

Phillies owner John Middleton opined today that the bidding may come down to the Yankees and Mets. “I’m afraid Juan Soto wants to be in New York, and I don’t mind being a stalking horse,” Middleton told Conor Smith of the Philadelphia Inquirer. “At some point, if [president of baseball operations Dave Dombrowski] and I get that feeling, we’ll probably say, ‘You know what, we’re not going to win this’ because we’ve both been the stalking horse before. And if I were an agent, I would do it too. It’s perfectly good strategy. I mean, it’s smart. But at the end of the day, I just think he likes New York.“

Tyrone Taylor Undergoes Hernia, Elbow Surgeries

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Mets outfielder Tyrone Taylor underwent a pair of offseason surgeries, the team announced Friday. Taylor had an umbilical hernia repair performed back on Oct. 30 and just yesterday underwent a procedure to remove a loose body in his right elbow. Typical recovery for each surgery is about two months, per the team. Assuming Taylor’s rehab follows a similar timetable, he’d be ready in time for spring training.

Taylor, 30, is headed into his second season with the Mets, who acquired him from the Brewers alongside Adrian Houser in a trade that sent pitching prospect Coleman Crow back to Milwaukee. While Houser’s lone year in Queens didn’t prove fruitful, Taylor wound up playing a notable role as an oft-used backup who slotted into 130 games and took 345 turns at the plate. He hit .248/.299/.401 with seven homers, 11 steals and strong defense across all three outfield spots. Taylor was particularly productive from June onward, slashing .258/.323/.440 (115 wRC+) in that stretch.

The Mets can control Taylor for another two seasons. He’s eligible for arbitration this winter and projected by MLBTR contributor Matt Swartz to earn an affordable $2.9MM salary. As things stand, he’s in line for an increased role next year, with Brandon Nimmo and Starling Marte representing the only other experienced outfielders on the Mets’ 40-man roster.

Of course, the Mets are widely expected to be in the outfield market this winter. Owner Steve Cohen is meeting with Juan Soto and agent Scott Boras next week, and even if the Mets can’t lure Soto to Queens, they’ll have plenty of other options to choose from in free agency. With Nimmo capable of handling center, the Mets can look into free agents and trade targets of both the corner-outfield and center field variety. Anthony Santander, Teoscar Hernandez, Tyler O’Neill and Jurickson Profar are among the free agents this winter.

Mets Owner Steve Cohen To Meet With Juan Soto, Scott Boras Next Week

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The Mets have been expected to line up as one of Juan Soto’s primary suitors all winter, and after reaching out to agent Scott Boras on day one of the offseason, owner Steve Cohen is now set for an in-person visit with Soto and his agent in Southern California next week, reports Mike Puma of the New York Post. Of course, the Boras Corporation also represents key free agents like Pete Alonso, Corbin Burnes, Alex Bregman, Blake Snell, Sean Manaea, Yusei Kikuchi and Ha-Seong Kim. Whether Cohen and Boras will discuss any of those names — and whether any of those players will drop in for a sit-down with Cohen as well — remains unclear.

Little needs to be said about the potential fit for Soto in Queens. He’s among the game’s very best players and, as a free agent who’ll play next season at 26, he’s arguably the most coveted free agent since Alex Rodriguez reached the open market at the same age back in 2000. One could argue Shohei Ohtani as well, of course, but Ohtani hit the market at 29 and in the aftermath of an elbow surgery that would keep him off the mound or a full season.

The Mets, meanwhile, have one departing free agent outfielder (center fielder Harrison Bader), another who’s a free agent after next season (Starling Marte) and more than $100MM in free agent salaries coming off the books. Even with a full outfield, the Mets would likely be making a strong push for Soto. No team in MLB has a larger gap between their projected 2025 payroll and their 2024 payroll levels, nor does any team have a larger gap between their projected 2025 payroll and their all-time franchise-record payroll. Beyond that, Cohen is widely known as the wealthiest owner in the league. He’s a lifelong Mets fan who purchased the club as something of a passion project, and he immediately showed a willingness to put forth some of the largest payrolls of any team in major league history. The newly implemented fourth tier of luxury penalization is often colloquially referred to as the “Cohen tax.”

All that said, while an in-person meeting between the two parties is clearly of some significance, it’s not any indicator that there’s major traction toward a deal. Soto has heard from more than a third of the league, with even small-market clubs like the Rays reportedly doing their due diligence. It stands to reason that any club with serious interest is going to have an ownership meeting with Soto and Boras.

Yankees owner Hal Steinbrenner reportedly had a private meeting with Soto over the summer. The Dodgers, Giants, Blue Jays Nationals and others have all been mentioned as potential landing spots. Mark Zuckerman of MASNsports.com paints a reunion between Soto and his original organization as something of a long shot, but the Nats will presumably at least be on the periphery. Soto is such an uncommon free agent archetype that teams who’d normally never play for a free agent of this caliber could well throw their proverbial hats into the ring. A quick and decisive free agent process that’s resolved in mid-November feels quite unlikely.

For the Mets, Yankees and other serious bidders, however, getting an early feel for the market will be paramount. So much of any team’s offseason budget would be allocated to a Soto signing that his landing place — regardless of where it is — will have an immediate ripple effect on where those offseason dollars are spent. It wouldn’t be at all surprising if other owners, presidents of baseball operations, general managers, etc. traveled to meet with Soto and Boras in the next week or two, as the Boras Corporation feels out the early stages of interest and sets expectations for what most onlookers expect to be a historic contract — one that could set new standards in terms of net present value and average annual value (when factoring in for the deferrals on Ohtani’s contract).

And, as far as comparing Soto’s free agency to that of Ohtani, Boras unsurprisingly dismissed any such comparisons at this week’s GM Meetings and sought to put Soto in a tier unto himself. Via Puma, Boras had this to say about the comparison:

“I don’t think Ohtani has much to do with Juan Soto at all. It’s not something we discuss or consider. Juan Soto is in an age category that separates him from all. So comparability is not when you do these things for these young players.”

How Will The Market Value Pete Alonso?

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There are a few players who are tough to predict during the preparation of the Top 50 free agents every year. Often, they're players whose reputation outpaces their statistical output, especially in their walk year. Pete Alonso is the best example this offseason.

We landed on a five-year, $125MM prediction that ranked him seventh in the class. That seems to be below market consensus. Other estimates of Alonso's earning power have landed in the $140MM to $170MM range.* Those align more closely with the Polar Bear's reputation as a star, putting him in the Freddie Freeman or Matt Olson bucket. Freeman landed a deferred $162MM contract from the Dodgers, while Olson's extension with the Braves guaranteed him $168MM over eight seasons.

Alonso likely expects to be paid similarly. Joel Sherman of the New York Post has reported that Alonso declined a seven-year, $158MM offer from the Mets in June 2023. That would have bought out his final arbitration season and six free agent years. Alonso collected $20.5MM for his last arbitration year, so the extension proposal can be considered akin to $137.5MM over six seasons. As recently as last summer, Alonso and his previous representatives felt he could do better. (He has since hired the Boras Corporation.) He'll need to buck some market trends for that to be the case.

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Mets, Rico Garcia Agree To Minor League Deal

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The Mets are in agreement with free agent reliever Rico Garcia on a minor league contract, reports Anthony DiComo of MLB.com (X link). The Gaeta Sports Management client gets an invite to big league Spring Training on a deal that would pay him a $900K base salary if he makes the big league roster.

Garcia is trying to work back to the big leagues after spending this year in Triple-A. The righty had a nice year for Washington’s top affiliate. Garcia saved 20 games and turned in a 3.94 ERA through 61 2/3 innings. He struck out a massive 34.1% of opposing hitters. That came with a fair number of free passes, as an 11.5% walk rate is perhaps the biggest reason he didn’t get an MLB look.

The 30-year-old Garcia has pitched in parts of four big league campaigns between five teams. He has struggled to a 7.32 earned run average over 35 2/3 innings. His most recent MLB action came with 10 appearances between the Athletics and Nationals in 2023. Garcia hasn’t carried over much bat-missing ability to the highest level. His 12.4% career strikeout rate is well below average.

New York has made a couple bullpen depth additions since the offseason began. They gave Dylan Covey a major league contract last week. The 40-man spot gives Covey a leg up on Garcia and whichever other relievers the Mets add as non-roster invitees, but there’s likely to be a fair amount of competition for middle relief roles in camp.

Willy Adames Reportedly Willing To Move Off Shortstop

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The best available free agent shortstop is Willy Adames but he could also expand his market by playing elsewhere. Per Will Sammon and Katie Woo of The Athletic, Adames wants to stay at short but would be willing to move to other positions for the right offer from a competitive club. On the Baseball Tonight podcast, Jorge Castillo of ESPN says the Mets have considered signing Adames and moving him to third while others have also considered second base (39:05 mark of this link at Apple Podcasts link).

Adames probably doesn’t need to make the shift based on his abilities, though he is coming off a bit of a down year in terms of his glovework. He was credited with 10 fielding errors in 2024, more than the seven he had in the previous two seasons combined. Defensive Runs Saved gave him a dismal grade of -16 for the year while Outs Above Average merely had him at par. However, DRS gave him a positive grade in each of the previous five seasons while Adames had a big +16 grade from OAA in 2023 and +10 the year prior.

Clubs could view that more as an outlier season, as opposed to Adames suddenly falling off a cliff defensively at the age of 28. Still, there’s logic to him being open to a position change. Any free agent is helped by having more suitors, as a more fervent bidding war can drive up prices, as opposed to a stagnant market that sees the player linger in free agency. Adames has no third base experience in the big leagues and only a small amount at second, but most shortstops are able to pivot elsewhere on the diamond without much issue. He has a .248/.322/.444 career batting line and hit .251/.331/.462 for a 119 wRC+ in 2024, offense that would play at any position.

There are plenty of clubs that already have shortstops but could perhaps use help at second or third, with the Mets being one of them. They have one of the best shortstops in the league in Francisco Lindor, who is under contract through 2031 and just wrapped up a strong season that might see him finish second to Shohei Ohtani in National League Most Valuable Player voting.

But second and third base are a bit more open. Jeff McNeil is arguably the best option for the keystone but his performance has wobbled in recent years and he’s also capable of playing other spots. At third, Mark Vientos just had a breakout season at the plate but with poor defense and it’s been suggested the club could look to move him to first base as a replacement for free agent Pete Alonso.

The Mets could take that approach with an existing third baseman like Alex Bregman, as he is a better hitter than Adames and already established at the position. But Adames is a couple of years younger and could secure a lesser contract just based on his track record. MLBTR recently projected Bregman for $182MM over seven years and Adames for $160MM over six seasons in our annual Top 50 Free Agents post.

For Adames, having a club like the Mets at the table can only help. They are one of the top spending clubs in the league but there would be no point in them getting involved if Adames was firmly committed to staying at short, so it’s sensible for him to express openness to moving. Clubs like the Yankees, Mariners, Blue Jays, Red Sox and Royals could also be classified as having greater needs at infield positions other than shortstop, so getting them to the table as well could further expand his market.

One of the more straightforward fits would be the Giants, with president of baseball operations Buster Posey frankly admitting yesterday that the club is on the lookout for shortstops. However, Adames has received a qualifying offer from the Brewers that he’s sure to reject, thus tying him to the associated penalties.

Andrew Baggarly of The Athletic suggests that Posey might try to avoid signing players that rejected qualifying offers so early in his tenure. The Giants just had a hamstrung draft a few months ago, as they gave up their second- and third-round picks to sign Blake Snell and Matt Chapman last offseason, both of whom had rejected qualifying offers. The Giants went on to pay the competitive balance tax in 2024, meaning that signing any QO’d players this time around would result in forfeiting their second- and fifth-best picks of the upcoming draft as well as $1MM of international bonus space.

The Giants are one of the most sensible on-paper fits for Adames as a club with a strong record of spending and a clear need at shortstop. If they were to pivot to the trade market or signing a player without a qualifying offer like Ha-Seong Kim, that would only further the importance of Adames staying open to other positions.

As for a return to Milwaukee, that never seemed especially likely since the Brewers almost never give out massive contracts like the one Adames will surely require. Looking at MLBTR’s Contract Tracker shows that the Christian Yelich extension is the only time the club has surpassed $105MM on any deal. As if precedent wasn’t enough, owner Mark Attanasio basically confirmed it recently. “He’s going to get an enormous free-agent contract and I’m very happy for him and his family, and we’ll give it our best shot,” Attanasio said of Adames. “But there’s a lot deeper pockets out there. That’s just the reality.”

Adames recently reflected on those comments, per another column from Sammon and Woo. He seemingly left the door open for a hometown discount, though perhaps only slightly. “I’m willing to stay here for less money, let’s say, but I just want to be fair for what I deserve in my career and whatever I’ve done,” Adames said. “We just have to wait and see where we’re at. You never know what’s going to happen and you never know who is going to be willing to make that commitment with me for a long time.”

13 Players Receive Qualifying Offers

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Today is the deadline for teams to decide whether or not to issue qualifying offers to eligible players. Per Jeff Passan of ESPN on X, 13 players have received the QO and they are:

As a recap, the qualifying offer system was created in the name of competitive balance, allowing clubs to receive compensation if key players depart via free agency. The value changes from year to year as it is the average of the salaries of the 125 highest-paid players in the league. This year’s QO is valued at $21.05MM.

If the player rejects the QO and signs elsewhere, his previous team receives draft compensation while his new club is subject to draft pick forfeiture and sometimes international bonus penalties as well. MLBTR has previously covered what each team’s compensation and penalties would be.

Players have until 3pm Central on November 19 to decide whether to accept or not. In that time, they are free to negotiate with other clubs just like all other free agents, assessing their options before making a decision.

Most of the players on this list are not surprising. Many of them have enough earning power where it was obvious that they would receive a QO and they have an easy decision to reject it while going on to pursue larger guarantees on multi-year deals. Some of the decisions were a bit more borderline and MLBTR took closer looks at those in separate posts, including Martinez, Pivetta and Severino/Manaea.

There were also some notable players who were candidates to receive a QO but ultimately didn’t. MLBTR recently took a look at the pitchers and position players with a chance at receiving a QO. Michael Wacha was listed as a possibility but that came off the table when he and the Royals agreed to a new deal yesterday. Shane Bieber of the Guardians, Jeff Hoffman of the Phillies, Paul Goldschmidt of the Cardinals, Tyler O’Neill of the Red Sox, Gleyber Torres of the Yankees, as well as Ha-Seong Kim and Jurickson Profar of the Padres were all identified as long shots to receive a QO and ultimately none of them did.

Clubs generally don’t want to lose draft picks or be subject to the other associated penalties. As such, receiving a QO can sometimes have a negative impact on a player’s prospects in free agency, though it won’t be a significant factor for the top guys.

Mets To Issue Qualifying Offers To Severino, Manaea

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The Mets are issuing the $21.05MM qualifying offer to both Luis Severino and Sean Manaea, reports Jon Heyman of The New York Post (X links). There’s no surprise in Manaea’s case, though Severino was more of a borderline call. The pitchers will have until November 19 to determine whether to lock in that salary. That’ll give their representatives just over two weeks to gauge the market.

Manaea is coming off one of the better platform years of anyone in the rotation class. He turned in a 3.47 earned run average while striking out a quarter of opponents through a career-high 181 2/3 innings. The southpaw had an excellent second half that coincided with a dip in his arm angle and an increased use of his sinker. He’ll probably be limited to three-year offers as he enters his age-33 season, though those could come at a comparable annual value to the QO price. He shouldn’t give much consideration to accepting.

Severino could have a more interesting decision. The hard-throwing righty worked to a 3.91 ERA across 182 frames spanning 31 starts. It was a nice rebound from his terrible final season with the Yankees. Severino improved his ground-ball rate to 46% but didn’t find the kind of bat-missing ability that made him a high-end starter during his early days in the Bronx. He fanned 21.2% of batters faced while getting swinging strikes at a well below-average 9.4% clip.

The lack of whiffs could lead to trepidation from some teams. Severino has plus velocity and good control, though, and he proved capable of shouldering a full workload for the first time since 2018. With Manaea virtually certain to decline the QO, the Mets were willing to risk bringing Severino back on a decent one-year salary. They’re likely to find themselves in the top tier of luxury tax penalization next season. That’d entail paying a 110% tax, potentially putting them on the hook for more than $44MM.

If Severino declines the offer in search of a three- or four-year deal, the Mets would be in line for modest draft compensation. As luxury tax payors, New York receives the lowest form of compensation for losing qualified free agents. They’d get compensatory picks after the fourth round if Manaea and/or Severino sign elsewhere. The prospect value of those picks is minimal, but it’d tack on a few hundred thousand dollars to next year’s amateur signing bonus pool.

Image courtesy of Imagn.

Mets Claim Luis De Los Santos

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The Mets announced that they have claimed infielder Luis De Los Santos off waivers from the Blue Jays. Additionally, outfielder DJ Stewart as well as left-handers Joey Lucchesi and Matt Gage were outrighted off the 40-man roster. Stewart and Lucchesi elected free agency.

De Los Santos, 26, got up to the big leagues for the first time this year. He hit .172/.226/.241 in a small sample of 31 plate appearances to start his major league career. He hit .260/.375/.441 in his 154 Triple-A plate appearances while spending time at all four infield positions.

He still has a couple of option seasons and less than a year of year of service time, so he can provide the Mets with some depth around the dirt for the foreseeable future. They have Francisco Lindor cemented at short but questions elsewhere. First baseman Pete Alonso is now a free agent. He could be re-signed but it’s no guarantee he’ll be back. Mark Vientos just had a breakout season while playing third base but with poor defense, so he could perhaps move over to first if Alonso departs. Second base could be taken by Jeff McNeil but he’s also capable of playing other positions. Young guys like Brett Baty, Luisangel Acuña or Ronny Mauricio are candidates to take over at second or third base.

Stewart, 31 this month, finished 2023 on a heater but couldn’t really carry it over into 2024 as he finished the year with a .177/.325/.297 batting line for the Mets. He could have been retained for 2025 via arbitration, with MLBTR contributor Matt Swartz projecting him for a $1.7MM salary but the Mets clearly weren’t interested in that and bumped him off the roster instead.

Lucchesi, 32 in June, has been an optionable depth arm for the Mets for a while but is now out of options. That means he wouldn’t be able to continue in that role going forward. Since missing 2022 while recovering from Tommy John surgery, he has tossed 57 innings for the Mets over the past two seasons with a 3.32 ERA but but subpar strikeout and walk rates of 16.2% and 10.4% respectively. As players with at least three years of service time, both Stewart and Lucchesi had the right to elect free agency and did so.

Gage, 32 in February, was acquired from the Dodgers in a cash deal in July but didn’t pitch for them after that, mostly staying on optional assignment. He has 19 2/3 innings of major league experience with the Blue Jays and Astros in previous seasons.

Mets Claim Kevin Herget From Brewers

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The Mets have claimed right-hander Kevin Herget off waivers from the Brewers, per a report from Robert Murray of FanSided. There had been no prior indication that Herget was designated for assignment, though with today’s deadline to activate players from the 60-day injured list plenty of 40-man roster movement is to be expected around the league.

Herget, 34 in April, signed a minor league deal with the Brewers last offseason after being cut loose by the Reds. He went on to get a limited amount of big league action in the majors in 2024, tossing 11 1/3 innings for Milwaukee with two earned runs allowed. In Triple-A, he had a larger sample of work, posting a 2.27 earned run average in 47 2/3 innings. He struck out 32.4% of batters faced at that level while only giving out walks 6% of the time.

The Mets were apparently intrigued by those strong numbers, grabbing Herget off waivers today. The Mets just lost Brooks Raley, Adam Ottavino, Ryne Stanek and Drew Smith to free agency so they have filled in some lost bullpen depth with this claim. Despite his age, Herget is still in his pre-arbitration years and is therefore cheap and can potentially be controlled for years to come.

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