Yankees, Yerry Rodriguez Agree To Minor League Deal
The Yankees have agreed to a minor league contract with right-handed reliever Yerry Rodriguez, as first indicated on the transaction log at MLB.com. It’s a two-year minor league pact, agent Kelvin Nova tells MLBTR. Rodriguez underwent Tommy John surgery back in spring training, when he was a non-roster invitee with the Pirates. He’s targeting a midseason return to the mound in 2026.
Rodriguez, a hard-throwing 28-year-old, has appeared in parts of three big league seasons between the Rangers and Blue Jays. He’s pitched only 36 1/3 innings in the majors and been tagged for 33 runs in that time (8.17 ERA). He’s been plagued by a bloated .345 average on balls in play, but a penchant for walks and home runs have been larger detriments to his big league work.
Though he hasn’t had much success in limited MLB work, Rodriguez touts a 3.56 ERA in parts of eight minor league seasons. He’s punched out 27.8% of his minor league opponents, including a 28.3% strikeout rate in parts of four Triple-A seasons. Rodriguez has walked nearly 11% of his big league opponents but just 8.8% of opponents in the minors (albeit 12% in Triple-A).
Rodriguez has averaged 96.7 mph on his heater in the big leagues, pairing the pitch with a slider that sits 84 mph and a lesser-used changeup that sits 86.3 mph. Just one-third of the batted balls against Rodriguez in the majors have been grounders, but in a much larger sample of minor league work he’s routinely posted above-average ground-ball rates (47.5% in Triple-A) and strong swinging-strike rates.
Because he’ll still be rehabbing next spring, Rodriguez won’t be in the mix to vie for an Opening Day roster spot. He could be a midseason addition to the bullpen if he avoids any setbacks and pitches well on a rehab stint. If not, he’ll be in big league camp during spring training 2027. Rodriguez is out of minor league options, so if the Yankees add him to the roster at any point, they won’t be able to send him back down without first exposing him to waivers.
Yankees Notes: Devin Williams, Kyle Tucker, Payroll
The Yankees are interested in bringing free agent closer Devin Williams back to the Bronx. League sources told Ken Rosenthal and Will Sammon of The Athletic that the team has discussed a reunion with Williams’ camp.
Williams is one of the top names on the closer market. He landed at No. 16 on our Top 50 Free Agents list, which put him second among relievers, behind only Edwin Diaz. The 31-year-old is expected to have many suitors, with the Reds and Red Sox linked to him last week, and the Mets, Tigers, and Giants joining the mix this week. The Dodgers and Marlins have also been connected to Williams.
New York sent Caleb Durbin and Nestor Cortes to Milwaukee for Williams in December 2024. He struggled in his first month with the team, losing the closer role by May. An injury to fill-in closer Luke Weaver allowed Williams to regain the role, and he pitched well in June and July. The trade deadline acquisition of David Bednar pushed Williams back into setup duty. He closed the year with his best stretch of the campaign, posting 13 scoreless innings from September 7 through the postseason.
Williams said he would “definitely be open” to returning to the Yankees back in October. As for whether being the closer would impact his next destination, Williams said it “depends on the scenario.” While Weaver is a free agent, New York still has Bednar and fellow trade deadline acquisition Camilo Doval under team control for next season.
Williams isn’t the only high-profile free agent on the Yankees’ radar. General manager Brian Cashman told reporters on Thursday, including Bryan Hoch of MLB.com, that he’s been in contact with agent Casey Close on several players. That list of possible targets includes Kyle Tucker, Kyle Schwarber, Michael King, and former Yankee Paul Goldschmidt. Cashman also mentioned interest in Tatsuya Imai, who was posted by the Seibu Lions earlier this week. “We’re certainly engaging all these players in the marketplace,” Cashman said.
Tucker will likely have just as many suitors as Williams, perhaps more. Toronto is considered by some teams to be the favorite to land the star outfielder, but the Dodgers, Yankees, and Orioles have been linked to him. Given that he’s the big prize in free agency this offseason, additional teams are bound to come forward as potential candidates.
New York regained an outfielder when Trent Grisham accepted the qualifying offer, but lost one when Cody Bellinger opted out of his contract. Jasson Dominguez is penciled in alongside Grisham and Aaron Judge, but he hasn’t performed well enough to discourage the Yankees from going after a massive upgrade in Tucker. They could also re-up with Bellinger.
As far as paying for these potential acquisitions, Cashman was noncommittal about whether payroll would exceed $300MM. “I think it could go both ways. So it just depends on how things shake out and what opportunities present themselves,” he told reporters, including Hoch. FanGraphs’ RosterResource tool currently has the Yankees’ payroll at around $260MM next season. Grisham’s deal added about $22MM to the ledger, and he’s just the sixth-highest-paid player on the team next year. New York’s payroll was around $296MM this past season after topping $300MM in 2024.
A deal for Tucker, Schwarber, Williams, or any of the other marquee names will likely require a big commitment across many years. The Yankees already have several of those types of deals on the books between Judge, Max Fried, Gerrit Cole, and Carlos Rodon, who are all on large contracts through at least 2028. Cashman expressed confidence he could make it work, though. “The job right now is to find out what’s available, and those all have different price points,” Cashman said. “There could be cheap players that are available that are good, or there could be very expensive players that are available that are good.”
American League Non-Tenders: 11/21/25
Every American League team has officially announced their non-tender decisions. It was a quiet evening in terms of subtractions, with only the Rangers parting with any marquee players. All players who were non-tendered are free agents without going on waivers. A few teams dropped pre-arbitration players from the back of the 40-man roster. It’s possible they preferred not to expose them to waivers and are hopeful of re-signing them to non-roster deals.
Here’s a full list of today’s activity in the AL, while the National League moves are available here. All projected salaries are courtesy of MLBTR contributor Matt Swartz.
- The Angels announced they’ve non-tendered outfielder Gustavo Campero and catcher Sebastian Rivero. Campero is a depth outfielder who has hit .202/.272/.346 over the past two seasons. Rivero operated as the club’s third catcher for most of the season but spent the final few weeks on the active roster. Neither player had been eligible for arbitration. All their arb-eligible players were easy calls to retain.
- The Astros technically made one non-tender, dropping infielder Ramón Urías after he was designated for assignment earlier in the week. He’d been projected at $4.4MM.
- The Athletics officially non-tendered outfielder JJ Bleday, the club announced. He’d been designated for assignment on Tuesday, so this was inevitable unless they found a trade partner. Bleday had been projected at $2.2MM.
- The only non-tenders for the Red Sox were first baseman Nathaniel Lowe and reliever Josh Winckowski, each of whom had been designated for assignment on Tuesday. Lowe was projected at $13.5MM, while Winckowski was at $800K.
- The Guardians non-tendered outfielder Will Brennan and relievers Sam Hentges and Nic Enright. The latter had been designated for assignment on Tuesday. Hentges hasn’t pitched since undergoing shoulder surgery in September 2024. He underwent a right knee procedure a few months ago and will be delayed this offseason. Brennan only appeared in six MLB games this year and underwent Tommy John surgery while in the minors in June. He’d been projected at $900K.
- The Mariners non-tendered reliever Gregory Santos, reports Francys Romero. He’d only been projected at $800K, narrowly above the MLB minimum, so the move was about dropping him from the 40-man roster. Seattle acquired the 26-year-old righty from the White Sox over the 2023-24 offseason. He has only made 16 MLB appearances with a 5.02 earned run average over the past two years because of lat and knee injuries. Seattle also non-tendered relievers Trent Thornton and Tayler Saucedo (the latter of whom was designated for assignment on Tuesday). Thornton had been projected at $2.5MM and is coming off a 4.68 ERA through 33 appearances. He suffered a season-ending Achilles tear in August.
- The Orioles non-tendered swingman Albert Suárez, the team announced. Everyone else in their arbitration class was offered a contract, surprisingly including first baseman Ryan Mountcastle (as first reported by ESPN’s Jeff Passan). Suárez, 36, was a solid depth starter in 2024. He was limited to five MLB appearances this past season by a flexor strain but is not expected to require surgery.
- The Rangers non-tendered each of Adolis García, Jonah Heim, Josh Sborz and Jacob Webb. MLBTR covered those moves in greater detail.
- The Rays only non-tendered outfielders Christopher Morel and Jake Fraley, each of whom had been designated for assignment earlier in the week. Marc Topkin of The Tampa Bay Times reported last night that the Rays were open to bringing back Fraley at a lower price than his $3.6MM arbitration projection.
- The Royals non-tendered outfielder MJ Melendez and reliever Taylor Clarke, per a club announcement. Melendez, who’d been projected at $2.65MM, was an obvious decision. The former top prospect never developed as hoped and is a career .215/.297/.388 hitter over parts of four seasons. Clarke isn’t as big a name but comes as the more surprising cut. He’d been projected at just $1.9MM and is coming off a 3.25 ERA with a 21.4% strikeout rate over 55 1/3 innings out of the bullpen.
- The Tigers are non-tendering utility player Andy Ibáñez, according to Romero. He’d been projected at $1.8MM. The righty-hitting Ibáñez had been a solid short-side platoon bat for Detroit between 2023-24. His production against southpaws dropped this year (.258/.311/.403), limiting his value. The Tigers optioned the 32-year-old to Triple-A in early June and kept him in the minors until shortly before the trade deadline. Detroit also dropped the six pitchers they’d designated for assignment earlier in the week: Tanner Rainey, Dugan Darnell, Tyler Mattison, Jason Foley, Jack Little and Sean Guenther.
- The only Twins non-tender was outfielder DaShawn Keirsey Jr., who’d been designated for assignment this morning to make room for the Alex Jackson trade. Everyone in the arbitration class was brought back.
- The White Sox non-tendered outfielder Mike Tauchman, as first reported by Bruce Levine of 670 The Score. The lefty hitter turned in a solid .263/.356/.400 line in 93 games this past season. Tauchman has gotten on base at plus rates in three straight years but was also non-tendered by the Cubs a year ago. The 34-year-old (35 next month) had been projected for a $3.4MM salary. The Sox also announced they’ve dropped lefty reliever Cam Booser and first baseman Tim Elko. Neither had been eligible for arbitration. The former posted a 5.52 ERA in 39 appearances after being acquired from the Red Sox last winter, while the latter hit .134 in his first 23 MLB games despite a 26-homer season in Triple-A.
- The Yankees announced five non-tenders. Relievers Mark Leiter Jr., Scott Effross, Jake Cousins and Ian Hamilton were all cut loose, as was pre-arbitration righty Michael Arias. Leiter, who’d been projected at $3MM, never clicked in the Bronx after being acquired at the 2024 deadline. He posted a 4.89 ERA in 70 innings as a Yankee. Hamilton, Effross and Cousins were all projected just above the MLB minimum but are cut to clear roster space. Hamilton was on and off the active roster and posted a 4.28 ERA in 40 big league frames this year. Effross was limited to 11 appearances and has been plagued by various injuries for the past three and a half years, while Cousins is working back from Tommy John surgery. Arias has never pitched in the big leagues and could be brought back on a minor league deal.
The Blue Jays tendered contracts to all unsigned players on the 40-man roster.
Players Avoiding Arbitration: 11/21/25
The deadline for teams to tender contracts to arbitration-eligible players is this afternoon at 4pm CT. Throughout the day, we’ll surely see a handful of arb-eligible players agree to terms with their clubs to avoid a hearing.
These so-called “pre-tender deals” usually, although not always, involve players who were borderline non-tender candidates. Rather than run the risk of being cut loose, they can look to sign in the lead-up to the deadline. Those salaries often come in a little below projections, since these players tend to have less leverage because of the uncertainty about whether they’ll be offered a contract at all.
Under the 2022-26 collective bargaining agreement, players who sign to avoid an arbitration hearing are guaranteed full termination pay. That’s a change from prior CBAs, when teams could release an arb-eligible player before the season began and would only owe a prorated portion of the contract. This was done to incentivize teams and players to get deals done without going to a hearing.
All salary projections in this post come via MLBTR contributor Matt Swartz. This post will be updated throughout the day as deals are announced and/or reported. Salary figures are from The Associated Press unless otherwise noted.
- The Astros signed right-hander Enyel De Los Santos to a one-year deal and outfielder Taylor Trammell to a split deal, per Brian McTaggart of MLB.com. Per Chandler Rome of The Athletic, De Los Santos gets $1.6MM, plus a $100K bonus if he appears in 60 games, while Trammell $900K if in the majors and $500K in the minors. They were projected for $2.1MM and $900K respectively.
- The Athletics announced that they have signed right-hander Luis Medina and left-hander Ken Waldichuk to one-year deals. Medina gets $835K, while Waldichuk comes in at $825K.
- The Braves announced that they have signed infielder Vidal Bruján, infielder Mauricio Dubón, outfielder Eli White and left-handers Joey Wentz and José Suarez for the 2026 season. Bruján’s deal was announced as a split contract; he’ll make $850K in MLB and $500K in the minors. Dubon will make $6.1MM, per Jon Heyman of The New York Post, right around his $5.8MM projection. Suarez gets $900K, per Ari Alexander of 7 News, below his $1.5MM projection. White and Wentz also get $900K salaries.
- The Brewers announced that they have signed first baseman Jake Bauers for 2026. He’ll make $2.7MM, per Jon Heyman of The New York Post. He was projected for $2MM.
- The Giants have agreed to a one-year deal with right-hander JT Brubaker, per Justice selos Santos of Mercury News. He commands a $1.82MM salary.
- The Guardians have agreed to one-year deals with outfielder Nolan Jones, catcher/designated hitter David Fry and right-hander Matt Festa, per Zack Meisel of The Athletic. In a follow-up, Meisel also provides the salary figures. Jones will make $2MM, Fry $1.375MM and Festa $1MM. They were projected for $2MM, $1.2MM and $1MM respectively.
- The Mets and outfielder Tyrone Taylor have agreed at $3.8MM, per Mark Feinsand of MLB.com, right around his $3.6MM projection.
- The Nationals announced they have signed catcher Riley Adams to a one-year deal. It’s a split deal that pays $1MM in the big leagues and $500K in the minors.
- The Orioles and right-hander Félix Bautista have agreed to a $2.25MM contract, reports Mark Feinsand of MLB.com. He was projected for $2.1MM.
- The Padres announced they signed catcher Luis Campusano to a one-year deal. He’ll make $900K next year, per Dennis Lin of The Athletic. He was projected for $1MM.
- The Phillies have agreed to a split deal with catcher Garrett Stubbs, reports Matt Gelb of The Athletic. Stubbs will make $925K in the majors and $575K in the minors. The major league salary is an exact match for his projection. The Phils announced that they also signed catcher Rafael Marchán. He’ll make $860K, per Todd Zolecki of MLB.com. He was projected for $1MM.
- The Rangers announced they signed outfielder Sam Haggerty to a one-year deal. It’s a $1.25MM contract.
- The Rays and right-hander Cole Sulser have settled at $1.05MM, per Marc Topkin of The Tampa Bay Times. Sulser was projected for $1.2MM. According to the AP, it’s a split deal that pays at a $600K rate in the minors.
- The Reds and left-hander Sam Moll have agreed at $875K, per Jon Heyman of The New York Post. He was projected for $1.2MM. His 2026 deal also has $150K in potential incentives — $50K each for 45, 55 and 65 appearances.
- The Royals and infielder Jonathan India agreed to an $8MM deal. You can read more about that in this post.
- The Tigers and infielder/outfielder Matt Vierling agreed at $3.225MM, per Jon Heyman of The New York Post. He was projected for $3.1MM. Detroit signed right-hander Beau Brieske at $1.1575MM, per Heyman, right around his $1.3MM projection. The Tigers signed catcher Jake Rogers at $3.05MM, per Evan Petzold of the Detroit Free Press, right around his $2.9MM projection.
- The Twins signed right-hander Justin Topa to a one-year, $1.225MM deal. MLBTR covered that earlier in this post. The Twins turned down a $2MM club option for Topa, giving him a $225K buyout instead, but he remained under club control via arb. Between the buyout and next year’s salary, he’ll collect $1.45MM. Darren Wolfson of KSTP reported Topa’s 2026 salary. Aaron Gleeman of The Athletic adds that the guarantee is broken down into a $1MM salary in 2026 followed by a $225K buyout on a $5MM mutual option. The buyout can rise to $300K via unspecified incentives.
- The White Sox announced that they have agreed to terms on a $900K deal with outfielder Derek Hill. He was projected for $1MM.
- The Yankees and infielder Oswaldo Cabrera have agreed to a $1.2MM contract, per Jack Curry of Yes Network, an exact match for his projection. The Yanks have also signed right-hander Clarke Schmidt to a $4.5MM deal, per Robert Murray of FanSided, right around his $4.9MM projection.
Photo courtesy of William Liang, Imagn Images
Latest On Kyle Tucker’s Market
We’re still in the nascent stages of the MLB offseason, with only a handful of notable free-agent signings and trades thus far. Still, with the GM Meetings now in the rearview mirror, teams have laid a fair bit of groundwork for the weeks and months ahead, both on the free agent and trade markets. Kyle Tucker stands as the offseason’s top free agent, and while there’s no indication he’s close to signing, there are also some hints falling into place about his potential market.
ESPN’s Jeff Passan wrote this week that some rival teams feel the Blue Jays are the likeliest landing spot for the four-time All-Star. They’ve been a popular speculative pick early on after a deep World Series run and with only one other major long-term commitment (Vladimir Guerrero Jr.) on the books. Of course, Bo Bichette could be the priority, and it’s rare for any team to sign two free agents of that magnitude in a single offseason.
Tucker is a prominent enough star that some unexpected suitors figure to jump into the fray. Ken Rosenthal of The Athletic wrote this morning that while the Orioles are prioritizing pitching this winter, they haven’t ruled out a run at Tucker. Having already acquired Taylor Ward from the Angels, the addition of Tucker would free Baltimore to dangle young outfielders Colton Cowser and Dylan Beavers on the trade market in hopes of securing some controllable arms. There are quite a few pitchers of note who could be on the block this winter, and both Cowser and Beavers would intrigue clubs looking to move arms. Both are former first-round picks. Cowser has four more seasons of club control, while Beavers only debuted late in 2025 and thus has a full slate of six years of club control remaining.
Baltimore stands as a fascinating fit. President of baseball operations Mike Elias was the Astros’ scouting director when Tucker was selected with the No. 5 overall pick. The O’s don’t have anything on the books long-term, other than Samuel Basallo‘s eight-year, $67MM extension. That $8.375MM annual value isn’t going to be stand in the way of any other long-term deals. Beyond Basallo, Tyler O’Neill is the only other player signed to a guaranteed deal beyond the 2026 season. His three-year, $49.5MM contract runs through 2027.
The Orioles’ long-term financial outlook is so clean that there’s no true impediment to them signing Tucker and a notable a free agent starter. That’s not to say such a scenario is likely, of course, but Baltimore’s 2026 payroll currently projects for about $105MM, per RosterResource, and that’s before potential non-tenders or trades of Ryan Mountcastle ($7.8MM projected salary), Keegan Akin ($3MM projection), Yennier Cano ($1.8MM projection) and/or Alex Jackson ($1.8MM projection) prior to tomorrow’s 5pm ET non-tender deadline.
Depending on what happens with the Orioles’ arbitration class, they could realistically see next year’s projected payroll drop into the $93-100MM range by tomorrow evening. The opened the 2025 season with a payroll around $164.5MM. We’re certainly not accustomed to seeing Baltimore spend like this, but this is also only the second offseason under new owner David Rubenstein. Elias has already publicly stated that he is “fully prepared” to sacrifice draft picks by signing free agents who rejected qualifying offers, and for all the focus on pitching, it was reported more than a month ago that the O’s also covet an impact bat — likely in the outfield.
None of this is intended to frame the Orioles as any sort of favorite to sign Tucker, to be clear. Far from it. However, the fit and logic behind it are probably more sensible than one might think at first glance.
Other clubs will still loom in the market. Passan cites the Phillies as a possible landing spot, should Kyle Schwarber sign elsewhere. The Yankees have been linked to both Tucker and a Cody Bellinger reunion. GM Brian Cashman indicated this week that Trent Grisham‘s decision to accept his qualifying offer will not impact the team’s pursuit of Bellinger. Presumably, then, that thinking extends to Tucker as well. The Dodgers have also been linked to Tucker, though Passan doubles down on his prior reporting that their interest would “likely” be on a shorter-term but high-AAV deal — the type we rarely see taken by the consensus top free agent in a given offseason.
Yankees, Jonathan Ornelas Agree To Minor League Deal
The Yankees are in agreement with infielder Jonathan Ornelas on a minor league contract, as first reflected on the MLB.com transaction tracker. According to Francys Romero, he’ll get a non-roster invitation to MLB Spring Training and could opt out midway through the season if he’s not on the 40-man roster.
Ornelas divided this past season between the Rangers and Braves. He spent most of the year in Triple-A, where he limped to a .196/.295/.303 batting line in nearly 400 plate appearances. Ornelas combined for six big league appearances and has gotten into 32 MLB contests over the past three seasons. He’s a .208 hitter with a .263 on-base percentage and no home runs in that limited body of work.
A former third-round draft choice, Ornelas hasn’t been much of a hitter in the minor leagues either. He owns a .233/.331/.331 slash over parts of three Triple-A seasons. The Yankees are signing him for his glove and defensive versatility. Ornelas has logged more than 3500 minor league innings at shortstop. He has ample second and third base experience and has gotten some work in center and left field.
Anthony Volpe is likely to begin the season on the injured list as he works back from shoulder surgery. José Caballero will enter the year as the starting shortstop barring an offseason acquisition. Braden Shewmake, Jorbit Vivas and Oswaldo Cabrera are their current backup infielders. Shewmake is the only natural shortstop of the group, and he’s coming off a .244/.318/.362 showing in Triple-A. They’ll probably add at least one more established depth infielder, but it’s a decent landing spot for Ornelas as he tries to battle for an Opening Day job.
Yankees Select Spencer Jones, Elmer Rodriguez, Chase Hampton
The Yankees on Tuesday selected the contracts of outfielder Spencer Jones and righties Elmer Rodriguez and Chase Hampton, per a team announcement. They’re now on the 40-man roster and ineligible to be selected by another club in December’s Rule 5 Draft.
There are no surprises in this trio of additions. Hampton, Rodriguez and Jones rank among the Yankees’ top prospects and were sure to be protected. Jones is the most recognizable of the bunch thanks to a prodigious power display this summer. The 24-year-old popped 35 home runs between Double-A and Triple-A combined and turned plenty of heads when he swatted 13 round-trippers in his first 19 games after moving up to the higher of those two levels.
Jones is immensely strikeout prone, however, and fell into a deep slump after that jaw-dropping hot streak. Over his final 48 games and 183 plate appearances, Jones hit just .219/.289/.383 with a 42% strikeout rate. He could get a look at some point in 2026, but he’ll need to radically cut down on his strikeouts if he’s to become a productive big leaguer. Jones’ huge raw power and hulking 6’7″ stature have led to plenty of Aaron Judge comparisons, but even the strikeout-prone Judge punched out in just 23.9% of his plate appearances during his final Triple-A season. Jones was at 33.7% in Double-A and 36.6% in Triple-A.
Rodriguez, 22, came to the Yankees in a rare trade with their archrival Red Sox, sending catcher Carlos Narvaez the other direction. It has serious win-win potential. Narvaez became a prominent part of Boston’s catching corps in 2025, while Rodriguez climbed to Triple-A and posted a 2.58 ERA with a 29% strikeout rate and 9.4% walk rate in 150 minor league frames.
Hampton, 24, missed the entire season due to Tommy John surgery. He pitched only 18 2/3 innings in 2024 as well. That said, he’s a former sixth-round pick and touted prospect who tossed 106 2/3 frames with a 3.63 ERA while climbing to Double-A as a 21-year-old back in 2022. Scouting reports tout his plus curveball and slider. If he’s back to full health in ’26, he’ll begin the year in Double-A or Triple-A and could pitch his way into consideration for a big league look late in the summer — though he might be a more realistic 2027 rotation candidate.
Trent Grisham To Accept Qualifying Offer
Outfielder Trent Grisham is accepting his $22.025MM qualifying offer and will return to the Yankees in 2026, reports ESPN’s Jorge Castillo. Players who accept a QO are considered free agent signings and are thus ineligible to be traded prior to the following June 15 unless they consent to the move.
It’s at least a modest surprise, as Grisham is coming off a breakout year at the plate which saw him club a career-high 34 home runs. He slashed .235/.348/.464, thanks in no small part to a career-best 14.1% walk rate and a 23.6% strikeout rate that stood as the second-lowest in his career. Between that production, the fact that Grisham only just turned 29 earlier this month, and a thin outfield market in free agency, the stars seemed to align for him to pursue a weighty multi-year contract this winter.
Instead, Grisham returns to the site of his breakout and will hold down a key role in an outfield that’s also currently slated to include Jasson Dominguez and Aaron Judge. The Yankees are interested in re-signing Cody Bellinger, have been linked to Kyle Tucker and also have DH Giancarlo Stanton at least loosely in the outfield mix. (He played 132 outfield innings in 2025.)
Grisham’s return muddies the waters a bit, but GM Brian Cashman said recently that even if he accepted, it wouldn’t impact the team’s pursuit of a new deal with Bellinger (link via the New York Post’s Greg Joyce). The Yankees wouldn’t have made the QO to Grisham if they believed his acceptance was a roadblock to bringing back Bellinger or signing Tucker. They’re surely glad to have him back. Even though his defensive grades took an unexpected downturn in ’25, he has the best defensive track record in center of the Yankees’ in-house options.
While Grisham could have looked to cash in this winter, he’ll instead take a hefty one-year payday in what amounts to a bet on himself. Though he’s a left-handed bat, his power output was hardly a product of Yankee Stadium’s short right field porch. In fact, Grisham hit just .195/.326/.376 at home this season, compared to .254/.364/.506 on the road. If he can replicate this year’s huge power production, he could hit the market next offseason on the back of consecutive plus seasons at the plate and without the encumbrance of a qualifying offer. A big enough showing this year could realistically position Grisham for a $100MM+ contract — particularly if his defensive grades rebound, too.
The looming potential for a work stoppage is one other wrinkle to consider, but if anything, today’s glut of QO decisions suggests that players aren’t necessarily going to shy away from short-term deals that put them on the open market next year — at least not en masse. Grisham is one of four players to accept the QO, joining Gleyber Torres, Shota Imanaga and Brandon Woodruff in that regard. In a vacuum, any one of the four accepting his QO wouldn’t be considered a major surprise — but all four accepting in the same offseason is downright atypical. This marks the first time since the inception of the qualifying offer that more than three players have accepted a QO.
With Grisham back in the fold, the Yankees’ projected payroll for the upcoming season jumps to about $263MM, per RosterResource. They’ll now have about $286MM of luxury tax obligations, placing them just over the third penalty line. That means that the Yankees’ top pick in the 2027 draft will drop by 10 places, unless they’re able to sneak their luxury count back under $284MM. Given the wide swath of offseason dealings that’s likely still on the table for Cashman & Co., that doesn’t seem to be a very likely outcome. In all likelihood, the Yankees will wind up in the top CBT penalty tier, just as they’ve done in each of the past three seasons.
Turning to the rest of the league, Grisham’s early removal from the free agent market — to a team that didn’t clearly need to retain him, no less — subtracts arguably the top center field option from the market. Bellinger, of course, can still play center but barely did so in 2025. Most teams probably consider him more of a corner outfielder/first baseman who can play occasional center field. Harrison Bader and Cedric Mullins are the two most notable options still on the market, though the former has been more of a part-time player and the latter is looking to bounce back from an awful 2025 showing. The market was light on center fielders to begin with and is even more so now, so teams looking for help at the position might be more inclined to turn to the trade market to address that deficiency.
Tatsuya Imai To Be Posted November 19th
TODAY: Imai has officially been posted, as the league informed teams today. Imai’s posting window opens tomorrow at 7am CT and closes on January 2 at 4pm CT.
NOVEMBER 12: It was reported last week that right-hander Tatsuya Imai would be posted by the Seibu Lions of Nippon Professional Baseball. His agent Scott Boras met with members of the media today at the general managers meeting and said the posting will become official on November 19th. Ben Nicholson-Smith of Sportsnet was among those to pass it along.
Once the posting becomes official, it will open up a 45-day window for Imai and Boras to negotiate will all 30 major league clubs. Technically, they will have until early January to work something out. It’s probably fair to expect a deal to come together before the holidays, when the hot stove activity tends to slow down.
Imai should garner lots of interest based on his results and also his age. His earned run average in Japan has been 2.34 or lower in three straight seasons now, including a 1.92 mark in 2025. His strikeout rate has ticked up from 24.4% in 2023 to 26.3% last year and 27.8% this year. Meanwhile, his walk rate has dropped from 11.4% to 9.8% to 7% in those years.
He is currently 27 years old, turning 28 in May. Teams have shown that they value that youth. Recent deals for young players like Juan Soto, Vladimir Guerrero Jr. Yoshinobu Yamamoto and Jung Hoo Lee have surged beyond expectations.
Imai won’t have as much earning power as Yamamoto, who secured $325MM over 12 years. Yamamoto was even younger, having just turned 25 when he was posted, and also had the superior track record of performance. Still, Imai should find lots of interest. MLBTR predicted he could secure a $150MM guarantee on a six-year deal.
The signing team will also owe the Lions a posting fee, on top of the guarantee they give Imai. The Lions will get 20% of the contract’s first $25MM, 17.5% of the contract’s next $25MM, and 15% of any money above the $50MM mark. If Imai were to sign a deal matching MLBTR’s $150MM projection, his new team would owe the Lions a $24.375MM posting fee.
The righty has already been connected to the Mets. Jon Heyman of The New York Post reported today that the Yankees will be looking at Imai, as well as Lucas Giolito. The Yanks go into 2026 with their rotation in flux. Due to injuries, it projects to be much different later in the year compared to the end of camp. Gerrit Cole is still recovering from last year’s Tommy John surgery and won’t be ready by Opening Day. Carlos Rodón underwent a procedure to remove loose bodies from his left elbow and is expected to start the year on the injured list as well. Clarke Schmidt had internal brace surgery in July and could rejoin the club in the second half.
With those absences, the Yankees project to start the season with Max Fried, Cam Schlittler, Luis Gil, Will Warren and Allan Winans in the rotation. Adding to that group would be an understandable target. It’s possible that things get tight later in the year as Cole, Rodón and Schmidt get healthy, but other injuries could also pop up along the way.
Giolito should be a far more affordable addition than Imai. MLBTR predicted him for a two-year, $32MM deal. He was once a borderline ace but hasn’t been at that level in a while. His ERA finished near 5.00 in 2022 and 2023. He missed 2024 due to internal brace surgery. He returned in 2025 and posted a 3.41 ERA but with less impressive stuff under the hood. HIs 19.7% strikeout rate was below league average and well below the 33.7% mark he had back in 2020. He also finished the season back on the IL with an elbow issue, though he says that has now passed.
There are plenty of other starting pitchers the Yankees could consider at different price levels. Presumably, their plans in the rotation will depend upon what they do elsewhere. They have to address their outfield, with Cody Bellinger and Trent Grisham having both reached free agency. It’s also possible they look to remake a bullpen that was a source of frustration in 2025.
Photo courtesy of Rick Osentoski, Imagn Images.
Yankees Re-Sign Ryan Yarbrough
The Yankees officially re-signed Ryan Yarbrough to a one-year deal. The Excel Sports Management client is reportedly guaranteed $2.5MM with another $250K available in bonuses. He’d unlock $50K apiece for every ten innings pitched between 75 and 115.
Assuming the deal makes it over the finish line, it’ll be a starkly different offseason experience than Yarbrough had last year, when he lingered on the market until February before catching on with the Blue Jays on a minor league deal. He opted out of that deal just before Opening Day, which led him to a major league contract with the Yankees for the 2025 campaign. It was a decent enough year for the lefty in the Bronx, as he pitched to a 4.36 ERA across 64 innings of work split between eight starts and 11 relief appearances.
That’s roughly league average (94 ERA+) production on the surface, and more advanced metrics are something of a mixed bag but generally support that sentiment. His 5.06 FIP is well below par, but much of that has to do with an inflated home run rate. Yarbrough allowed 13 homers in just 64 innings of work despite an entirely manageable 6.9% barrel rate that was largely in line with his career norms. Yarbrough’s work in New York actually tied a career high (20.8%) for strikeout rate and saw him limit walks to a decent 7.2% clip. His 4.14 SIERA clocks in right around league average, as does his 4.30 xFIP.
While the specifics of the contract aren’t yet clear, re-upping for another year certainly seems to make sense for both sides. Signing this early in the offseason offers Yarbrough a level of certainty he wasn’t afforded last year while allowing the Yankees to build some depth into their rotation mix that will surely prove valuable headed into 2026. While the Yankees have a deep group of starting options with Gerrit Cole expected back from Tommy John surgery early next year plus Max Fried, Carlos Rodon, Luis Gil, Will Warren and Cam Schlittler, it’s not hard to see why the team could use some additional depth.
Cole and Rodon both won’t be ready for Opening Day, while Clarke Schmidt is unlikely to be a factor until late in the year after his own Tommy John surgery. Gil appears to be healthy but has a lengthy injury history that could make relying on him for 30 starts a tall order as well. With so much uncertainty among that group, the addition of Yarbrough offers a steady veteran to offer roughly average production when filling those gaps. Yarbrough is more than comfortable bouncing between the rotation and bullpen after doing so throughout virtually his entire career, and having him available as a long relief arm could be valuable for a bullpen that figures to be searching for innings help after losing Devin Williams and Luke Weaver.
Whatever the cost of Yarbrough’s contract ends up being, it should serve as no impediment to the Yankees as they look to fill out the rest of their roster. The club has its work cut out for it this winter, as they’ll need to replace Cody Bellinger, Trent Grisham, Paul Goldschmidt, and Amed Rosario (along with Williams and Weaver) as they head into free agency on top of whatever other upgrades the club is interested in making to its roster. Given Schmidt’s injury, perhaps even the addition of another starter could be on the table if the team wants to have young pitching to dangle in trade talks or have the luxury of being patient with Cole as he gets his elbow ready for game action next year.
Robert Murray of FanSided first reported Yarbrough and the Yankees were closing in on a major league deal. Joel Sherman of The New York Post had the $2.5MM guarantee and $250K in bonuses. The Associated Press reported the bonus details.
Image courtesy of Jesse Johnson, Imagn Images.