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

• The Dodgers signing Blake Snell (2:00)
• Baseball fans having Dodger fatigue and deferral fatigue (9:05)
• Are the Dodgers going to make more rotation additions? (14:30)
• The Dodgers extending Tommy Edman (16:25)
• The news of the Red Sox signing Aroldis Chapman breaks during recording (21:30)
• The Mets signing Frankie Montas (26:30)
• The Cubs signing Matthew Boyd (35:55)
• The Rangers signing Kyle Higashioka (43:15)

Plus, we answer your questions, including…

• What would the Pirates have to give to the Red Sox to get Triston Casas? (48:20)
• Why is Cody Bellinger’s deal so tough for the Cubs to trade? (54:15)

Check out our past episodes!

• Yusei Kikuchi, The Aggressive Angels, And The Brady Singer/Jonathan India Trade – listen here
• The Rays’ Stadium Plans, Diamond Sports, And Some Offseason Rumors – listen here
• Roki Sasaki, Gerrit Cole’s Non-Opt-Out, And Cardinals Rumors – listen here

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

Many of these details came out in the initial reporting, including the guarantee, the signing bonus, the assignment bonus and that there were significant deferrals. However, the deferrals are slightly higher than initially thought. The numbers reported last week were $13MM in annual deferrals for a total of $65MM, but we now know that it’s slightly higher than that, with the $13.2MM annual figure actually getting the total number of deferrals to $66MM. Per Bob Nightengale of USA Today (X link), the MLBPA calculates the net present value of the deal at $150.336MM.

But the conditional option is the most significant new development today, as there was no prior reporting about Snell’s contract extending into the 2030 season in any way. Now it’s known that the Dodgers could potentially hold onto Snell for a sixth year, though only under certain circumstances.

Given the conditions, it seems it gives the Dodgers a bit of an insurance policy in the event Snell ends up with a significant injury over the course of the deal. Presumably, the specific injury would involve something related to his pitching elbow, whether that’s Tommy John surgery or some internal brace alternative. Such surgeries have become increasingly common in baseball in recent decades but still require pitchers to spend upwards of a year recovering.

Assuming that is the specific injury covered in the contract, the Dodgers would have the choice of keeping Snell around for an extra year, compensating them in a way for the lost year. Snell will be 37 years old by the time 2030 rolls around, so it’s anyone’s guess what kind of form he will be in at that point, especially if there’s a notable injury along the way. But $10MM is already not a lot of money for a starting pitcher.

Last winter, veteran back-end guys like Kyle Gibson and Lance Lynn got $13MM and $11MM guarantees on one-year deals, respectively. Wade Miley and Alex Wood were not far behind at $8.5MM. Inflation generally pushes salaries up over time, so those kinds of deals might creep up a bit between now and 2030.

It’s also possible Snell’s future talent level is above where those guys are now, given that he’s a two-time Cy Young winner and has had a more impressive peak than anyone in that group. Not all pitchers can maintain that kind of performance into their late 30s, but those who do are handsomely rewarded. Max Scherzer, Justin Verlander and Zack Wheeler were each recently able to secure salaries of $42MM or higher for deals that covered their late 30s or early 40s, so Snell at $10MM could be a massive bargain if he continues to pitch well over the course of the deal.

The fact that the option is also conditional on Snell not being assigned to another club is also interesting, as it could reduce the chances of Snell being traded while hurt. Robbie Ray underwent Tommy John surgery while with the Mariners and found himself traded to the Giants before he recovered from that procedure. If Snell ends up missing some time and unlocking that option for the Dodgers, they might be more inclined to keep him and take advantage of that option. All of this is moot for now, but it could become relevant down the line, depending on how things play out in the next five years.

As the club looks to either reunite with right-hander Corbin Burnes or replace his production at the top of their rotation following his departure for free agency earlier this month, it’s hardly a surprise to hear that the club took a hard look at Snell while he was available. The two-time Cy Young award winner has been even better than Burnes from a run prevention perspective over the past three years, with a 2.82 ERA and 2.98 FIP in 412 innings. Burnes, meanwhile, lags behind in rate stats with a 3.08 ERA and 3.49 FIP, but his 590 innings of work dwarf Snell in terms of volume. That volume figures to be particularly attractive to an Orioles club that has serious health question marks surrounding a number of its starters, including Kyle Bradish as he rehabs from Tommy John surgery that figures to keep him out of action for at least the first half of 2025.

While Burnes seems likely to remain the Orioles’s top choice in free agency this winter, they’ve also been connected to southpaws Max Fried and Garrett Crochet in free agency and via trade respectively. It seems as though they’re also looking at mid-rotation arms as well, however, as they were recently linked to veteran righty Nathan Eovaldi. Eovaldi projects to be much less expensive than Burnes and Fried in free agency this winter, but that affordability comes with a much less impactful track record as the 34-year-old has a solid but unremarkable 3.75 ERA and 3.63 FIP across the past five seasons. The Orioles are quite familiar with Eovaldi, of course, as he spent seven seasons in the AL East with the Yankees, Rays, and Red Sox from 2015 to 2022.

More tidbits from around the baseball world…

• Mariners fans got an encouraging update on the status of right-hander Matt Brash recently, as Adam Jude of The Seattle Times reported earlier this week that the right-hander is ahead of schedule as he rehabs from his early May Tommy John surgery. Per Jude, the Mariners are “optimistic” that he could return to the club’s bullpen by the end of April this coming season, just under a year after he first went under the knife. Brash’s return would surely be a major boost for Seattle, as he established himself as one of the most exciting young arms in the club’s arsenal during a breakout 2023 campaign. After being moved to the bullpen partway through the 2022 season, Brash’s first full campaign as a reliever saw him lead the majors with 78 appearances while posting an excellent 3.06 ERA with an even better 2.26 FIP. He struck out an eye-popping 34.7% of batters faced that year, and if he can post numbers anything like that in 2025 he’ll be a phenomenal complement to closer Andres Munoz at the back of the Mariners bullpen next year.
• The Cubs have yet to announce their finalized coaching staff for the 2025 season, but Sahadev Sharma of The Athletic reported earlier this week that at least one more vacancy has been filled. After assistant pitching coach Daniel Moskos departed the organization to become the Marlins’ pitching coach, the club is promoting internally to replace Moskos by hiring Casey Jacobson. Jacobson has been in the Cubs organization since October 2019 and has spent the past two years as the senior coordinator of pitching development for the club in the minor leagues. Now, he’ll get the opportunity to work on a big league coaching staff for the first time in his career with a number of young arms such as Ben Brown, Jordan Wicks, and Porter Hodge expected to play roles for Chicago next year.

It’s the offseason’s biggest move to date and represents a much quicker resolution than Snell’s previous trip to the market. The star southpaw was coming off a Cy Young campaign last winter. The long-term deal he sought didn’t materialize, leading to an extended free agent stay. Snell went unsigned into March before joining the Giants on a two-year deal that guaranteed him $62MM and, more importantly, allowed him to opt out after the first season.

Snell had a dismal start to the season. He allowed more than a run per inning over his first six appearances. He landed on the injured list twice in the first three months while battling groin discomfort. As recently as the middle of June, it looked like a near-lock that Snell would bypass the chance to return to free agency.

That all changed as soon as he returned from his second IL stint. By the end of the season, there was no doubt he’d pass on the remaining $30MM on his pact with San Francisco. Snell was the best pitcher in baseball down the stretch. Over his final 14 starts, he turned in a 1.23 earned run average while holding opponents to a .123/.211/.171 batting line that looked like a throwback to the days when pitchers hit.

Snell struck out more than 38% of batters faced over that run. He had five double-digit strikeout performances and fanned at least eight hitters in 10 outings. Snell had the best two-start run of his career right around the trade deadline. He struck out 15 over six scoreless innings against the Rockies on July 27 before no-hitting the Reds with 11 punchouts on August 2.

The overall numbers were still weighed down to some extent by his terrible first two months. He wrapped up the year with a 3.12 ERA and a 34.7% strikeout rate over 104 innings spanning 20 starts. That’s a strong season but didn’t earn him a single Cy Young vote. The overall platform year was less impressive than the 180 innings of 2.25 ERA ball he posted during his ’23 campaign in San Diego. Snell finished the season looking every bit as dominant as he’d been during his Cy Young years, though.

It seems the Dodgers are attributing the first two months to some combination of an abbreviated Spring Training and the injuries. While this year was the most extreme example, Snell has been a slow starter throughout his career. He has a 3.95 ERA and 28.4% strikeout rate in the first half of his nine big league seasons. The ERA plummets to 2.39 while he has raised his strikeout percentage above 32% after the All-Star Break.

The main knock has been his lack of consistent durability. Snell has reached the 180-inning threshold on two occasions — his 2018 Cy Young season with the Rays and his ’23 award-winning campaign. Outside those seasons, Snell has topped out in the 125-130 inning range.

That’s not a concern for the Dodgers, who have shown they’re far more interested in chasing upside than bulk. Los Angeles acquired and extended Tyler Glasnow last offseason even though he’d never topped 120 MLB innings in a season. The Dodgers will give Shohei Ohtani another chance to pitch coming off his second significant elbow surgery. They’re almost certainly going to reunite with Clayton Kershaw. They’ve graduated a number of talented pitchers from the farm system but seen a lot of them go down to injuries.

It’s an approach geared heavily toward the postseason. The Dodgers prioritize pitchers who profile as potential Game 1 starters. They’re very willing to assume injury risk while chasing that ceiling. That left them woefully short on starting pitching in 2023, resulting in a sweep at the hands of the Diamondbacks in the Division Series. The injuries mounted again this fall, but they had just enough in the form of Yoshinobu Yamamoto, Jack Flaherty and Walker Buehler to patch together an October rotation. With a star-studded lineup, that was sufficient to lift their second trophy in five years.

Snell arguably fits that mold as well as any pitcher in baseball. Among pitchers with at least 200 innings over the past two years, only Reynaldo López and Tarik Skubal have a lower ERA than his 2.57 mark. Snell’s 32.7% strikeout rate is second, trailing only Glasnow by a fraction of a percentage point. No one has a higher swinging strike rate.

The Dodgers have four pitchers who could start the first game of a playoff series. Snell, Ohtani, Yamamoto and Glasnow are each capable of providing ace-caliber production on a rate basis. It’s unlikely all four will be healthy come playoff time, but the Dodgers have no shortage of talented options behind them. Kershaw figures to be back in the rotation mix once he re-signs, while Tony Gonsolin, Dustin May and prospect Nick Frasso are returning from major surgeries. Bobby Miller is looking to rebound from a terrible sophomore season after turning in a 3.76 ERA across 22 starts as a rookie. Landon Knack and Justin Wrobleski are capable depth arms.

That’s before considering the possibility of further acquisitions. The Dodgers will surely make a push for NPB ace Roki Sasaki, who’d arguably be the fifth starter if he went to L.A. Even if Sasaki signs elsewhere, the Dodgers could pursue Garrett Crochet on the offseason trade market and/or continue adding starting pitching at the deadline.

Of course, the ability to stockpile this kind of rotation talent is a reflection of the Dodgers’ financial might. Even if other front offices share their general approach to valuing upside over durability, few ownership groups are willing to match L.A.’s spending. The Dodgers had generally shied away from pitching splashes under president of baseball operations Andrew Friedman, but that has changed over the past calendar year. This is their third nine-figure pitching investment since last offseason (fourth including Ohtani). They signed Yamamoto for $325MM and extended Glasnow on a deal that included $110MM in new money.

MLBTR ranked Snell as the #2 starting pitcher in the class and predicted a five-year, $160MM contract. The deal’s actual value lands right around there. The specific NPV won’t be clear until the deferral structure is revealed. The expected $32-33MM luxury tax hit indicates the deal will have a net present value in the $160-165MM range. That’d be the second-biggest luxury tax hit on L.A.’s books, trailing only the approximate $46.1MM CBT number on Ohtani’s heavily deferred $700MM contract.

In any case, the deal is likely to push the Dodgers’ competitive balance tax figure north of $300MM. They’ll almost certainly land in the fourth and final tier of penalization, which begins at $301MM. The Dodgers are subject to the highest tier of escalation penalties for paying the tax in at least three straight seasons. The Snell deal itself will cost the Dodgers something in the range of $25-30MM in taxes by vaulting them from the middle of the second penalization tier to the start of the highest tax bracket. Future spending will be taxed at the maximum 110% clip.

It’s a major commitment but one the Dodgers are well-positioned to make. They’re coming off the revenue bump associated with a World Series win. More importantly, the structure of Ohtani’s contract allows the Dodgers to continue stockpiling talent. While the Ohtani deal was not an end-around the luxury tax, there’s a huge benefit from a raw payroll perspective. Paying the NL MVP a $2MM salary for the next nine seasons is a big reason they’re able to continue taking on huge money in the short term.

Snell slotted alongside Corbin Burnes and ahead of Max Fried as the top starters in this year’s class. In addition to fitting the Dodgers’ general preference for high-ceiling arms, Snell came with the benefit of not costing draft compensation. He’s the only of the top three starters who wasn’t issued a qualifying offer. Snell had received the QO during his first free agent trip, so the Giants could not make the offer this time around. Burnes and Fried each rejected a qualifying offer and would’ve cost the Dodgers their second- and fifth-highest selections in the 2025 draft and $1MM from their ’26 bonus pool for international amateurs.

Burnes and Fried become the clear #1-2 options for the other teams seeking top-flight starting pitching. Mark Feinsand of MLB.com reported this evening that the Red Sox, Yankees and Orioles were also in the Snell bidding. They’ve all been tied to top-of-the-market starting pitchers — Boston especially — and should remain active on that front in the weeks to come.

MLB.com’s Mark Feinsand reported the Dodgers and Snell had a five-year deal, shortly after the pitcher revealed on Instagram that he was joining L.A. Jeff Passan and Jorge Castillo of ESPN first reported the $182MM guarantee. Fabian Ardaya of the Athletic reported that the deal contained deferrals that would drop the net present value to the $32-33MM range annually. Jack Harris of the Los Angeles Times was first with the $52MM signing bonus, while Feinsand had the limited no-trade protection. Jon Morosi of the MLB Network reported the absence of an opt-out clause. Jon Heyman of the New York Post first reported the presence of an assignment bonus, which Harris relayed at $5MM. Heyman first reported the exact breakdown of the deferrals.

Image courtesy of USA Today Sports.

This week, Bob Nightengale of USA Today reports that the Sox actually want to of those top free agents. Sean McAdam of MassLive reports that the Sox are continuing to keep tabs on the pitching market while engaging with Juan Soto. They did have some interest in lefty Yusei Kikuchi, though it’s unclear how strong that interest was and he now has an agreement with the Angels. As for Crochet, McAdam reports that the Sox have pulled off the gas a bit there, with some unknown club getting “very aggressive” recently.

Very early in the offseason, chief baseball officer Craig Breslow said the club would be looking to the “raise the ceiling” in the rotation and these pursuits all align with that goal. Burnes, Fried and Snell all have long track records of major league success, with Burnes having a Cy Young award and Snell having two of them. Fried doesn’t have the hardware but does have a 3.07 earned run average in just under 900 career innings. Crochet only just transitioned to the rotation in 2024 but did so with aplomb, posting a 3.58 ERA, 35.1% strikeout rate, 5.5% walk rate and 45.1% ground ball rate in 146 innings.

Any one of those pitchers would be a nice upgrade for Boston or any other club, though that will also make them very popular. In addition to the Sox, those pitchers have been connected to clubs like the Blue Jays, Orioles, Yankees, Dodgers and Padres. There are plenty of other clubs that also make sense, even if they haven’t been explicitly tied to those pitchers in rumors.

For the Sox to come away with two of those pitchers would make for quite an aggressive offseason, but that’s exactly what the club has been signaling. Both Breslow and CEO Sam Kennedy have made comments suggesting the club is planning to act boldly this winter, with Kennedy recently saying that paying the competitive balance tax is on the table. Many fans of the club will bring up last year’s “full throttle” comments from chairman Tom Werner and how those didn’t precede much action last winter, but the club is being more specific this year. Kennedy has repeatedly said the goal is to field a club capable of winning 90 to 95 games and taking the division.

Spending money on free agents is one way they could go about accomplishing that. RosterResource projects the 2025 club for a payroll of $138MM, well below their $184MM spending from 2024, which was itself a drop from what they spent in the previous decade. RR pegs the club’s CBT number at $171MM, which is $70MM below the lowest threshold.

There’s plenty of room in there for two notable contracts, though successfully signing Soto would obviously completely change the calculus, given the expectation that he’ll sign a record-setting contract. Leaving that aside for now, big contracts for two of the big free agent starters is a feasible outcome. As part of MLBTR’s Top 50 Free Agents post, each of Burnes, Fried and Snell were projected for contracts with average annual values between $26MM and $32MM. Putting two of those onto Boston’s payroll still wouldn’t even get them to the CBT line. They will presumably also make additions to the bullpen and maybe the position player group as well, but with a willingness to cross the line, all sorts of possibilities could be on the table for them.

Crochet would be far cheaper from a financial perspective, with the biggest cost coming in the form of prospect capital. Since he has spent so much of his career either working in relief or injured, he is down to two years of club control but hasn’t been able to raise his salary very high through the arbitration process. He made just $800K in 2024 and MLBTR contributor Matt Swartz projects him for a raise to just $2.9MM in 2025. He would be due another raise in 2026 before he’s slated to become a free agent.

Two years of an ace-caliber pitcher for that kind of money is tremendous value, which is why Crochet figures to be very popular in trade talks. The Red Sox have a strong farm system and could certainly get a deal done if they wanted to, though it seems some mystery club has pulled ahead of them, per McAdam’s reporting.

For now, the Boston rotation projects to be fronted by Tanner Houck, Brayan Bello and Kutter Crawford. Houck had a breakout season in 2024 but may have run out of gas, as he had a 2.54 ERA in the first half and a 4.23 mark in the second. Bello and Crawford are each coming off decent but not outstanding seasons, each finishing with an ERA in the 4.35-4.50 range. Lucas Giolito and Garrett Whitlock could be in the mix in 2025 but they are fairly unknown quantities right now as each underwent internal brace surgery in 2024.

Adding to that group would improve Boston’s chances in 2025 while bumping guys like Cooper Criswell, Richard Fitts and Quinn Priester to depth roles, either in the minors or in the big league bullpen.

The interest in Kikuchi suggests that the Sox are also open to some of mid-market options. With Kikuchi now gone, some of the other names that could be in line for somewhat similar deals include Jack Flaherty, Sean Manaea, Nathan Eovaldi, Luis Severino and old friend Nick Pivetta.

The qualifying offer will likely be a factor, depending on who the Sox ultimately sign. Snell, Eovaldi and Flaherty were ineligible to receive a QO, Snell and Eovaldi because they had already received one and Flaherty because he was traded midseason. Burnes, Fried, Manaea and Severino rejected QOs, meaning the Sox would have to forfeit their second-best pick in next year’s draft and $500K of international bonus pool space to sign them. Pivetta rejected a QO from the Red Sox, meaning they stand to receive a compensation pick just ahead of the third round if he signs elsewhere, though they would not receive that pick if they ultimately re-sign him.

It’s the latest signal of a measured offseason approach, even at a time when the Cubs’ division appears ripe for the taking. The Cardinals are scaling back payroll and focusing more on player development in 2025 than on putting a playoff-caliber roster on the field. The Brewers, one year after trading Burnes, now seem likely to lose Willy Adames in free agency — and they could also trade closer Devin Williams. The Pirates and Reds have yet to break out as perennial contenders in the Central. Logically speaking, the deep-pocketed Cubs could take an aggressive stance and position themselves well in a wide-open division field.

For now, it seems they’ll shop primarily in the second and third tiers of the rotation market. Sharma points out that the Cubs have typically shied away from starters who’ve been attached to qualifying offers, though it’s worth noting that the Cubs were willing to part with draft picks and international funds in order to sign Dansby Swanson after he rejected a qualifying offer. They technically signed Cody Bellinger after he rejected a QO … though that offer came from the Cubs themselves, so they were really only “forfeiting” the theoretical comp pick they’d have received if he signed elsewhere.

Assuming the Burnes/Snell/Fried trio isn’t being considered by president of baseball ops Jed Hoyer and his staff, the Cubs will be looking at the next tier, with Jack Flaherty, Sean Manaea, Yusei Kikuchi, Nathan Eovaldi, Nick Pivetta and Luis Severino among the options. Of that group, Manaea, Pivetta and Severino rejected QOs and would cost the Cubs their second-highest pick and $500K of international space in their 2025 draft pool.

There are certainly names in that bunch who’d represent upgrades over incumbent starters at Wrigley Field. Justin Steele and Shota Imanaga form a nice one-two punch atop the in-house rotation, and the Cubs will follow them with veteran Jameson Taillon and young Javier Assad. Candidates for the fifth spot include Ben Brown, Jordan Wicks, Hayden Wesneski and top prospect Cade Horton. It’s a nice bunch of arms, but there’s some uncertainty in at least the fifth spot, if not the fourth. Assad posted a solid 3.79 ERA in 29 starts but did so with worse-than-average strikeout, walk and home-run rates. Metrics like FIP (4.64) and SIERA (4.72) are far less bullish than his earned run average.

Looking at the team’s payroll, the Cubs should have some spending room. RosterResource projects a $180MM payroll at the moment — $34MM shy of last year’s Opening Day mark. That includes a full arbitration class that could include some non-tender candidates (e.g. Nick Madrigal, Julian Merryweather).

The Cubs could also explore other ways to drop their payroll further. Ken Rosenthal of The Athletic wrote yesterday that the team could be looking to move Bellinger, though there are plenty of roadblocks to doing so. Bellinger is owed a $27.5MM salary in 2025 and a $5MM buyout on a 2026 player option. If he plays well for a season, the acquiring team would effectively be getting Bellinger at $32.5MM. That’s a hefty price tag in general and particularly for the 2024 version of Bellinger. While he played at an extremely high level in 2023, Bellinger was more of an above-average regular in 2024. A lack of impact left-handed bats and viable center fielders could still lead a team to consider the possibility, it’s hard to imagine a team giving a meaningful return and taking on the remainder/majority of Bellinger’s salary.

Still, moving Bellinger is also one of the only ways for the Cubs to plausibly pursue upgrades to the everyday lineup in 2025. As we noted when listing Bellinger near the back of our list of offseason trade candidates, the Cubs’ roster is already filled with expensive veterans who have no-trade clauses (Ian Happ, Dansby Swanson, Seiya Suzuki) or generally productive and affordable younger players like Michael Busch, Isaac Paredes and Pete Crow-Armstrong. Nico Hoerner might’ve been a trade candidate and could still be — but he also underwent flexor tendon surgery one month ago. Obviously, that cuts down on his appeal. The Cubs have a clear opening for an upgrade at catcher, but the free agent market offers little in the way of meaningful help there.

All of those challenges to upgrading the lineup make a notable splash on the pitching side of things feel more logical, but it seems the Cubs don’t feel similarly — at least not with regard to free agent starters. There are upgrades to be had on the bullpen market, of course, but the Cubs haven’t given out a multi-year deal to a reliever since Craig Kimbrel in 2019. Last winter’s $9MM guarantee to Hector Neris was the largest bullpen expenditure the Cubs have made since signing Kimbrel.

It’s possible the Cubs could just look to the trade market for much of their offseason dealing. The Cubs have a deep farm system with multiple top prospects whose path to a regular role at Wrigley is blocked. There aren’t, however, many impact arms or high-profile arms expected to be available. Crosstown ace Garrett Crochet headlines the offseason class of trade candidates, but demand for him will be fierce and trades of significance between the two Chicago clubs, while not unprecedented (Jose Quintana, Craig Kimbrel), also aren’t common.

There probably are still additional trades on the horizon for the Cubs. Sharma writes that this week’s acquisitions of reliever Eli Morgan from the Guardians and backup catcher Matt Thaiss from the Angels do not mean the Cubs are content in those areas. They’ll continue to explore both free agency and trades for help in those portions of the roster. But if pitching help remains their focus and they’re unwilling to shop in the high-rent district for starters, the Cubs will need to either break tradition with their free agent bullpen targets, get creative on the trade market, be content to address the middle ranks of the starting staff — or a combination of all the above.

Both Boston and Los Angeles have reason to be in on high-end rotation help this summer, and the 32-year-old Snell, a two-time Cy Young winner, clearly fits the billing. Similarly, Snell has good motivation to push for a swifter free agency than last offseason, after lingering on the market into spring training and signing a two-year deal with an opt-out in San Francisco less than two weeks before Opening Day.

For the Red Sox, Snell would add a No. 1 starter to the top of a rotation that could lose Nick Pivetta to free agency after he rejected a qualifying offer. Tanner Houck, Kutter Crawford and Brayan Bello are all rotation locks right now. Lucas Giolito will join them at some point in the season’s first half, but his timeline remains murky after he missed the entire 2024 season — his first in Boston — thanks to UCL surgery performed in spring training. Righty Garrett Whitlock is also on the mend from his own UCL procedure.

Candidates for the final two rotation spots at Fenway Park currently include Richard Fitts, Cooper Criswell, Quinn Priester and Zach Penrod. Criswell looked to have a leg up after a decent season, due to a lack of minor league options, but he’s reportedly eligible for a fourth option year, which gives the Sox even more flexibility with their staff.

Many Red Sox fans are understandably skeptical of the team’s willingness to follow through on pursuits of high-profile free agents. Boston faithful are still stinging from chairman Tom Werner’s widely mocked “full throttle” comments last offseason, which did not result in an acquisition larger than Giolito’s two-year, $38.5MM contract. But Red Sox chief baseball officer Craig Breslow has taken a more aggressive stance himself this time around, declaring that it’s time for the Red Sox to “deliver the team that’s capable of winning the AL East” even if that means the Sox need to be “aggressive in bringing players in who aren’t currently in the organization.”

From a payroll perspective, the Red Sox have more than enough space to accommodate multiple big-ticket additions this winter. RosterResource currently projects Boston for a $138MM payroll and $171MM worth of luxury obligations. That projection is nearly $100MM shy of their franchise-record payroll, while their luxury ledger right now leaves them $70MM shy of the first tier threshold. Of course, the Red Sox haven’t been shy about paying the luxury tax in the past, either. They did so as recently as 2022 and have now reset their penalty level by dipping back under the tax line. The Red Sox have an extremely small arbitration class — just Houck, Crawford and Jarren Duran — and will only add Triston Casas, Connor Wong and perhaps Zack Kelly to that group in 2026.

Turning to the Dodgers, there’s an obvious case for Snell as a fit. Connections like this can often be more anecdotal than substantive, but it at least bears mentioning that Dodgers president of baseball operations Andrew Friedman was running baseball operations in Tampa Bay when the Rays drafted and developed Snell. Outside their deals for Shohei Ohtani and Yoshinobu Yamamoto — two players with unique free agent circumstances — the Dodgers have preferred shorter-term, high-AAV deals in free agency. That could make Snell, whose maximum contract length is perhaps shorter than other top-tier starters because he’s about to turn 32 years old, a more typical “Dodgers” fit.

One deterrent for the Dodgers could be an already bloated luxury-tax bill. RosterResource pegs them at $270MM in obligations, meaning they’re already well into the second tier of penalty. Snell alone could push them into the fourth tier, particularly on a high-AAV short-term deal. Even using last year’s $31MM AAV as a hypothetical guideline — and Snell has a case for a higher one on another relatively short deal — Snell would cost the Dodgers nearly $57MM in year one of the contract. That’d also set the Dodgers up to pay a 110% tax on any dollars spent thereafter. Trades and non-tenders could lessen the sting, but likely not by much. Any free agent dollars spent by the Dodgers are going to hurt.

Still, the Dodgers likely feel they need to bite that bullet. The rotation in Los Angeles has nearly unmatched star power but similarly has nearly unrivaled question marks. Yamamoto, Ohtani and Tyler Glasnow make up a potentially dominant top three, but health concerns abound. Yamamoto missed more than two months with a shoulder injury in 2024. Glasnow was limited to only 22 starts last year, and his modest 134 innings represented a career-high. Ohtani didn’t pitch while recovering from the second UCL repair of his career.

Beyond that talented but risky top three are Tony Gonsolin (who missed all of 2024 recovering from Tommy John surgery), Dustin May (who missed all of 2024 recovering from forearm surgery and an esophageal procedure) and Bobby Miller (a breakout 2023 rookie who struggled immensely in 2024). Highly touted young arms like Gavin Stone (shoulder surgery), River Ryan (Tommy John surgery), Emmet Sheehan (Tommy John surgery) and Kyle Hurt (Tommy John surgery) will miss some or all of the 2025 season. Dodgers icon Clayton Kershaw will be back on some form of incentive-laden deal — he’s already declared as much — though the two parties have yet to come to specific terms. Kershaw started just seven games last year.

Snell, of course, has his own lengthy injury history — including a pair of groin and adductor injuries that limited him to six awful starts in the season’s first two months with the archrival Giants. However, upon returning in early July, the lefty looked back to Cy Young form. He fired 12 shutout frames between his first two starts, kicking off a three-month run for the ages. Snell tossed a no-hitter at Cincinnati’s Great American Ball Park against the Reds, fanned 15 Rockies in a start at Coors Field and at one point went on a streak of four double-digit strikeout performances in five starts.

Over the final three months of the season, Snell was comically dominant. He pitched 80 1/3 innings with a jaw-dropping 1.23 ERA, complemented by an elite 38.1% strikeout rate and a 10% walk rate that’s higher than average but passable for someone who can miss bats at Snell’s level. It was only 14 starts, but Snell was the best pitcher in baseball from July 2 onward.

Snell has a history of slow starts and blistering second-half surges, but as I examined late in the season for MLBTR Front Office subscribers, many of his first-half struggles have come in conjunction with unusual spring circumstances (i.e. the shortened 2020 season, the accelerated ramp-up from the 2021-22 lockout, and signing in late March last year). True, there are pitchers who’ve succeeded in spite of similar circumstances, but we’ve also repeatedly seen late-signing pitchers struggle early in the year (e.g. Jordan Montgomery, Jake Odorizzi, Lance Lynn, to name a few). It’s eminently possible that Snell is the type of pitcher who simply needs a full runway to realize his best form. He’d hardly be alone in that regard, and that characteristic gives him all the more motivation to have a deal in place well before spring training begins.

Snell faces some notable competition on the free agent market. Some clubs may not want to spend aggressively on another free agent before they know the outcome of the Juan Soto auction, and even those willing to spend sooner than that will also have to weigh the merits of signing a 32-year-old Snell versus a 31-year-old Max Fried, 30-year-old Corbin Burnes or 29-year-old Jack Flaherty. Fried and Burnes have qualifying offers attached to them, whereas Snell and Flaherty do not; in other words, teams will have to forfeit draft picks and international bonus pool space to sign Fried or Burnes — but not Snell or Flaherty. Snell is three years older than Flaherty but also more accomplished. He certainly has his warts and carries plenty of risk, but it’s easy enough to see how a club could view Snell as the most appealing of this offseason’s top-tier starters when factoring in likely length of contract, draft compensation, track record, health and other factors.

Fried, 31 in January, has tossed 884 1/3 innings for Atlanta in his career. In that time, he allowed 3.07 earned runs per nine. His 23.9% career strikeout rate and 6.8% walk rate are both a bit better than average while his 54.4% ground ball rate is quite strong. Among pitchers with at least 850 innings tossed from 2017 to 2024, only Framber Valdez, Logan Webb and Marcus Stroman had a higher ground ball rate than Fried. Of those four, Fried had the highest strikeout rate in that stretch while only Webb had a lower walk rate.

The lefty has also been fairly durable in that time. From 2019 to 2024, he made 11 starts in the shortened 2020 campaign and tossed at least 165 innings in each full season of that stretch except for 2023. Fried has also added another 67 postseason innings as Atlanta has been a fixture of the playoffs during his career. A forearm strain did limited him to 14 starts in 2023, which is perhaps a concern. An inflamed nerve in that same forearm caused him to miss a few starts in 2024 as well, but he was still able to take the ball 29 times and log 174 1/3 innings with a 3.25 ERA.

Atlanta gave Fried a qualifying offer that he is sure to reject while looking for a notable long-term pact. MLBTR’s recent Top 50 Free Agents post predicted Fried for a $156MM deal over six years, the third pitcher on the list behind Burnes and Snell.

Given his track record of success, he’s sure to be popular in the coming weeks and months. It was reported earlier this week that the Jays are planning to pursue starting pitching. They have three established veterans in their rotation, with José Berríos, Kevin Gausman and Chris Bassitt all under contract for next year. Bowden Francis has seemingly earned a gig as well after he posted a 1.80 ERA over his final 11 appearances in 2024.

They have Yariel Rodríguez and Jake Bloss as options for the #5 spot but there’s sense in adding depth. Rodríguez also pitched out of the bullpen at times in 2024 and could be pushed there to begin next year. Bloss only has three big league starts and hasn’t pitched much in the minors either, so having him on optional assignment would make sense. Alek Manoah could theoretically be back in the mix but likely not until late in the year, as he underwent UCL surgery in June.

RosterResource estimates the Jays are about $20MM shy of last year’s payroll, though they could non-tender some of their nine arbitration-eligible players to give themselves more room. Team president Mark Shapiro has indicated that he doesn’t expect the club’s spending to deviate significantly from last year. Giving Fried $26MM per year or something close to it would seemingly use up a decent chunk of their spending power. They also have needs on the infield, in the outfield and in the bullpen. The trade market could help in some of those areas but they will have to assess how to direct their resources in addressing multiple parts of the roster.

The Baltimore rotation just took a big hit as Burnes became a free agent, leaving them with Zach Eflin, Grayson Rodriguez and Dean Kremer as their front three. Kyle Bradish had Tommy John surgery in June and can’t be counted on for a while. Guys like Trevor Rogers or Albert Suárez could fill out the back but there’s sense in pursuing upgrades. Rogers struggled after being acquired from the Marlins while Suárez is a 35-year-old journeyman. Prospects like Chayce McDermott and Cade Povich haven’t yet been established in the major leagues.

The major question for the Orioles this offseason is what their true spending power is. It has now been over six years since they have given a multi-year deal to any free agent. Their four-year deal for Alex Cobb in March of 2018 was the last time they went beyond a one-year pact on the open market, as shown on MLBTR’s Contract Tracker.

Now that their rebuild is long done and David Rubenstein’s purchase of the club has become official, the general expectation is that the O’s will break that streak. But that could come in various forms, such as a two-year deal for someone like Nathan Eovaldi or a three- or four-year pact for someone like Manaea. It’s difficult to say right now whether they plan to be aggressive enough to land someone like Fried or perhaps re-sign Burnes.

For the Red Sox, chief baseball officer Craig Breslow recently said that the club plans to “raise the ceiling” in the rotation. They have a core group of Tanner Houck, Brayan Bello and Kutter Crawford at the moment. Lucas Giolito will be back at some point after undergoing internal brace surgery on his elbow in the middle of March last year. Nick Pivetta is now a free agent but is currently deciding whether or not to accept the qualifying offer that the Sox gave him. Garrett Whitlock could be in the mix but he could also wind up in the bullpen. Quinn Priester, Cooper Criswell and Richard Fitts are possibilities but could also wind up in the minors or in the ’pen.

It appears that the Sox are setting their sights high in pursuing upgrades of that group, with Fried and Crochet both being quality pitchers. Crochet’s move from the bullpen to the rotation in 2024 could hardly have gone better, as he ultimately tossed 146 innings with a 3.58 ERA, 35.1% strikeout rate, 5.5% walk rate and 45.1% ground ball rate.

The rebuilding White Sox have little reason to hold onto him, as Crochet is now just two years away from free agency. Since the White Sox just wrapped up the worst season of the modern baseball era, they probably won’t return to contention in that time. There’s been little to indicate that a contract extension is likely, so Crochet is seen as one of the top trade candidates of this offseason. He is projected by MLBTR contributor Matt Swartz for a salary of just $2.9MM next year, meaning he could fit into the budget of any club.

White Sox general manager Chris Getz says the the club is targeting position players in their Crochet trade talks. That could allow them and Boston to line up on a deal, as the Red Sox have a group of prospects known as the “Big Four”. Each of Roman Anthony, Kristian Campbell, Marcelo Mayer and Kyle Teel are nearing their major league debuts, meaning Boston either needs to find space for them on the big league roster or perhaps make them available in trades. McAdam suggests Anthony is untouchable but is less certain about the others in that group.

The White Sox will naturally have to assess what the Red Sox are willing to give up, as well as the other clubs. The Orioles have had one of the best farms in baseball in recent years, though it’s probably not as strong as it was. Many of the top names are now on the big league roster or have been used in trades as the club has pivoted into win-now mode.

The Padres’ interest in Crochet is logical both because they seem to be interested in everybody and also because they have budgetary concerns. Last winter’s Soto trade was largely about cutting payroll and getting the club under the competitive balance tax in the wake of their TV deal falling apart. Per RosterResource, their projected 2025 spending is already slated to blow past last year’s levels and they are right around the CBT line before the offseason has really even begun in earnest. Their rotation took a big hit when Joe Musgrove required Tommy John surgery, so replacing him with someone cheap like Crochet is obviously appealing.

The Dodgers pursued Crochet at the deadline a few months ago but no deal came together. They eventually won the World Series despite their rotation being essentially whittled down to a trio of Jack Flaherty, Yoshinobu Yamamoto and Walker Buehler. Both Flaherty and Buehler are now free agents. The Dodgers will get other guys back in the mix as they heal from injuries, such as Tyler Glasnow and Tony Gonsolin, but they could definitely find space for Crochet.

They have also been repeat CBT payors and therefore face high penalties. Per RosterResource, they are already slated to have a CBT number of $272MM next year, not far from the third tier of penalization with still plenty of offseason left to go.

As for the Yankees, the entire baseball world knows that their top priority is bringing back Soto, which will likely cost something close to $50MM per year for over a decade. If they don’t end up succeeding in bringing Soto back, they will have lots of options for redirecting that money to other parts of the roster. First base is open with Anthony Rizzo becoming a free agent. Soto’s departure would also make it viable to go after another outfielder. The club seemingly considered acquiring Flaherty at the deadline and then dealing Nestor Cortes, so some version of that could be in play again this offseason.

Theoretically, that makes Fried, Alonso, Santander or many other players viable fallback options, but it seems like those will only get real consideration after there’s more clarity with Soto. At this early stage of the offseason, there are infinite possibilities and each development will have domino effects. If some club lands Crochet, the clubs that miss out will have to pivot to other options. The clubs that don’t land Fried will have to adapt as well, as the various pieces of the free agent market and trade market are all interconnected.

The news is not at all surprising. Snell was a free agent a year ago and didn’t find the contract he was seeking, despite the fact that he was coming off a Cy Young campaign in 2023.

He eventually signed with the Giants on a two-year pact with a $62MM guarantee. That came in the form of a $15MM salary and $17MM signing bonus for 2024, with a $30MM salary for 2025 if Snell stayed.

The opt-out after the first year was clearly there to give Snell a chance to take another shot at free agency if he could stay healthy and engineer another strong season in 2024.

For a while, it seemed like that wasn’t going to come to pass. Perhaps due to the fact that he didn’t sign until the middle of March and had a delayed spring training, he stumbled out of the gate in 2024 and also suffered a few injuries. At the end of June, he was on the injured list for the second time, the first one labeled as a left adductor strain and the second as a left groin strain. He had a 9.51 earned run average in the six starts he was able to make.

But he came back shortly after that and was completely dominant the rest of the way. He posted a 1.23 ERA in his final 14 starts of the year. His 10% walk rate was a tad high but he struck out 38.1% of batters faced.

Snell has had a few injury absences over the years but has continually demonstrated himself to be one of the best pitchers on the planet when on the mound. From 2018 until the present day, he has a 3.03 ERA and 32.1% strikeout rate, both of which are top ten numbers among qualified starters for that stretch. Among pitchers with at least 250 innings pitched over the past two years, only Tarik Skubal has a lower ERA than Snell’s 2.57 mark. Snell’s 32.7% strikeout rate in that time is also second best, a hair below Tyler Glasnow’s 32.8% rate.

Given that elite performance, it was widely expected that Snell would return to free agency in the hopes of a finding a more robust market this time around. He will be one of the top starting pitchers available alongside Corbin Burnes, Max Fried and Jack Flaherty. Snell is leaving $30MM on the table but should be able to blow past that with a nine-figure deal of some kind.

While Gonsolin likely won’t factor into the L.A. playoff plans, Roberts was less concerned about Freddie Freeman’s bad ankle, as the manager was very optimistic Freeman would be ready for the start of the NLDS a week from today.  Freeman suffered a sprained ankle in the Dodgers’ 7-2 win over the Padres on Thursday, and was seen on crutches and in a walking boot later that night.  X-rays were negative on the ankle, however, and Freeman benefits from some extra time off before the Dodgers play their first postseason game.

More from the NL West…

• With $104MM still owed to him over the 2025-28 seasons, it isn’t surprising that Kris Bryant isn’t at all considering retirement, as he told Patrick Saunders of the Denver Post.  Bryant went into detail about the back and arthritis issues that have plagued his tenure with the Rockies, and how he is already pursuing a new workout plan to strengthen his core and get his back in playing shape.  Since signing his seven-year, $182MM free agent deal with the Rox in March 2022, Bryant has been limited to only 159 games, leaving him both “guilty” about his lack of production and determined to turn things around as he enters his age-33 season.  “I’m not going to sugarcoat it, it’s been terrible.  It’s been terrible on me, physically and emotionally,” Bryant said.  “I feel like I’ve let a ton of people down.  There is nobody who feels worse about this than me.  There are a lot of nights when I’m upset, I’m depressed.  I want to be out there with the guys.  It sucks.  I want to be on road trips, I want to play.”
• After facing a notoriously quiet free market last winter, Blake Snell figures suitors will “be more aggressive earlier” in their pitches this offseason, as Snell told NBC Sports’ Alex Pavlovic and other media.  Traditionally a slow starter even with a standard offseason, Snell didn’t sign with the Giants until more than halfway through March, thus essentially erasing his Spring Training and leading to a disastrous first three months of the 2024 season.  Since the start of July, however, Snell has been spectacular, thus reigniting the expectation that he’ll opt out of the final year of his contract with the Giants in search of a longer-term deal in free agency.  A return to San Francisco certainly seems possible, as Snell said he plans to speak with ownership and the front office, and again stated how he enjoyed playing with the club in 2024.

Zaidi declined to speculate about his job status but acknowledged that ownership is considering its options. “Anytime you have a disappointing season, it’s my job to evaluate everything in my purview, and it’s their job to evaluate everything in my purview, plus me,” the baseball ops leader said (link via Andrew Baggarly of the Athletic). “And so I think that process is happening, and I understand it.”

The Giants and Zaidi agreed to an extension last winter that coincided with Bob Melvin’s hiring as manager. Both the manager and baseball operations leader are on guaranteed contracts for next year with options for the 2026 season. That certainly doesn’t ensure job security — teams regularly dismiss coaches or executives before the end of their deals — but it kept Zaidi from operating on a lame duck basis in 2024.

Any doubt about his status with the organization can’t stop Zaidi from planning the team’s approach to the upcoming offseason. That starts with Blake Snell, who has pitched at a Cy Young level for the better part of four months. The star left-hander is set to decline his $30MM player option and take another shot at a long-term contract.

Zaidi admitted the Giants expect Snell to opt out. He said the Giants will remain in the market but conceded they’ll face stiff competition. “I think it’s going to be a priority for everybody. He’s been the best pitcher in baseball the second half of the season,” Zaidi said of Snell’s market (relayed by Shayna Rubin of the San Francisco Chronicle). “And I think he’s going into free agency the same way he did last offseason. He wants to keep an open mind. We’re encouraged about what he said about how much he likes being here, how much he likes San Francisco and playing for Bob. We’ll be pretty high on his list, but we’re respecting the fact that he’s going to want to play out free agency.”

Snell turns 32 in December. He’ll probably take aim at a six-plus year deal that approaches $200MM. That kind of investment in starting pitching would be out of character for Zaidi. As shown on MLBTR’s Contract Tracker, the Giants haven’t gone beyond the $90MM Logan Webb extension for a starting pitcher. The $62MM guarantee they awarded Snell late last winter is their biggest free agent rotation investment.

The Giants have been much more comfortable with short-term upside plays for starting pitchers who want to retest the market than they are with lengthy commitments. That operating procedure made them a strong fit when Snell’s market didn’t materialize the way he’d envisioned last winter, but it’ll present a challenge to keeping him around. San Francisco was content to let Kevin Gausman and Carlos Rodón walk after striking gold on short-term plays for both pitchers.

If Snell were to depart, Webb would retake his spot as the unquestioned staff ace. He’ll be followed in the rotation by Kyle Harrison and Robbie Ray (who is unlikely to opt out of the $50MM remaining on his contract). The Giants could try to stretch Jordan Hicks back out as a starter while giving opportunities to younger arms like Hayden Birdsong, Landen Roupp and Keaton Winn. They’d surely add to that group in some capacity after dealing with a number of rotation injuries this season.

Zaidi also addressed the position player mix, specifically saying the Giants will “definitely be in the middle-infield market” (via Rubin). Tyler Fitzgerald has had a fantastic rookie season since taking over at shortstop. The Louisville product connected on his 15th homer tonight and is up to a .287/.338/.510 batting line through 325 plate appearances. His 31.1% strikeout rate is cause for some concern, but Fitzgerald’s power and defensive flexibility have earned him a role somewhere on the diamond.

That could come on the other side of the second base bag. The Giants waived Thairo Estrada last month after he hit .217/.247/.343 in 96 games. Estrada will be a minor league free agent at season’s end. Zaidi lauded Estrada’s professionalism and expressed some confidence that the infielder could rebound in another setting, but he indicated the Giants will go in a different direction.

Moving Fitzgerald to second base while bringing in an established shortstop is an option. Willy Adames and Ha-Seong Kim are the potential regulars in the free agent class. Zaidi expressed a desire to add “an established, plus defender in the middle infield” via free agency or trade. Adames and Kim would each fit the bill (although the former has had an uncharacteristic spike in errors this season). Both players are going to decline qualifying offers from their current teams and would require draft pick forfeiture. Adames might command a guarantee north of $150MM, while Kim’s deal could land in the $75-100MM range.

Bo Bichette has been the top speculative shortstop trade target. The Blue Jays didn’t seem inclined to move him even before he went on the injured list just before the deadline. Unless the Toronto front office reverses course, they probably won’t sell low during the winter.

There aren’t a ton of obvious middle infield trade candidates. The Reds may listen on Jonathan India, but he’s not the caliber of defender to which Zaidi alluded. That’s also the case with Tampa Bay second baseman Brandon Lowe. The Pirates would probably listen on Isiah Kiner-Falefa, whose offensive production has cratered since a deadline trade with Toronto. There’s a chance the Mariners could move on from J.P. Crawford as they try to reshape their offense.

A free agent pursuit of Adames or Kim, though, would be more straightforward. That’d allow the Giants to use Casey Schmitt in a utility capacity and potentially free them to play Marco Luciano in the outfield. Zaidi said tonight that they’re not closing the door on Luciano winning the second base job, but they’ll need to see improvement (especially defensively) next spring for that to happen.

One area where the Giants don’t seem inclined to make a long-term play: first base. Zaidi indicated the team was reluctant to make an investment that would impede the path for top prospect Bryce Eldridge, their 2023 first-round pick. Eldridge is still a month shy of his 20th birthday, but he mashed at a .335/.442/.619 clip in High-A. He has made cameos at the top two minor league levels, and while he’s unlikely to break camp next year, Zaidi suggested there’s a path for him to debut at some point in 2025.

“Once a guy is in Double-A, Triple-A, they’re in the picture,” Zaidi said (relayed by Baggarly). “I think it behooves us to have a roster that’s flexible enough that if he’s ready next year, even early in the year, there’s a spot for him. So that’s going to be really important for us. I don’t anticipate us really locking up the first base and DH spot.” There’s a solid group of free agent first basemen, headlined by Pete Alonso and Christian Walker, but that doesn’t appear to be a priority for San Francisco.

Of course, these preliminary plans could go in any number of directions if ownership decides to make a front office change. That should be determined within the next few weeks. Giants fans will want to check out both The Athletic and The Chronicle columns in full for more quotes from Zaidi about his vision for the winter.

I’m going to do everything [I can]. I don’t know how that’s all going to work out. I kind of hope they do what they did with Chappy — start conversations now, so we’re not bidding against other teams. I’m sure there’s teams in our division that are going to try hard to get him. Teams need good starting pitching, and he’s been the best in baseball since the beginning of July. It’s been awesome to watch, and he’s one of my favorite teammates. Hopefully we do everything we can to get him back.

He didn’t have a spring training, right? … He was kind of scuffling. I think he was doubting himself a little bit. And then, all of a sudden, look what happens when he gains some confidence. He’s back to Blake Snell. He’s a two-time Cy Young Award winner. Not many guys are two-time Cy Young Award winners, and you can see it when he throws. He’s throwing pellets. It’s unbelievable, as a lefty. I don’t know how anybody hits this. We’ve got to do everything we can to get him back. I do think he should be a big part of our future going forward.

Webb noted to Rose that he doesn’t plan to campaign to the front office in unprompted manner — though public-facing comments of this nature are in a way indirectly doing so — but would offer his opinions and any feedback if asked. It’s clear that Webb, a perennial Cy Young candidate himself, values Snell’s on-field contributions as well as the left-hander’s presence in the clubhouse.

The assertion that Snell has been baseball’s best arm dating back to early July is hard to argue, too. Snell’s no-hitter gained plenty of attention, but as I explored in a piece for Trade Rumors Front Office subscribers a couple weeks ago, Snell has picked up his annual second-half momentum and looks to be back in Cy Young form. He obviously won’t win the award this season after a dismal start to the season that included him twice landing on the injured list, but since returning from his latest IL stint on July 9, Snell has a 1.45 ERA in 68 1/3 innings. He’s punched out a gaudy 36.5% of his opponents, offsetting a higher-than-average 10.5% walk rate, and allowed two or fewer runs in 11 of his 12 starts (the exception being a three-run, six-inning quality start on Aug. 7).

That run of dominance makes Snell’s opt-out an easy call — the alternative would be a $30MM player option for the 2025 season — but it’s not clear whether the front office has engaged with agent Scott Boras (who also reps Chapman). The Giants have been reluctant to make weighty long-term offers to free agent pitchers under the current front office regime. Webb’s five-year, $90MM extension is the largest contract the Giants have given to a pitcher under president of baseball operations Farhan Zaidi in both years and dollars. They haven’t signed a free agent for more than three years (Anthony DeSclafani’s $36MM deal) or for more than a total of $44MM (Carlos Rodon’s two-year deal). Snell should breeze past both marks.

Snell isn’t the only Giant whose future is uncertain, of course. The Giants have a wide slate of potential free agents but also some borderline arbitration calls. Outfielder Mike Yastrzemski spoke with Susan Slusser of the San Francisco Chronicle about his own status. The 34-year-old is owed a raise on his $7.9MM salary this offseason and has turned in a fairly typical season by his standards, slashing .237/.310/.441 with 15 home runs and quality defense in right field.

Yastrzemski has been a fine value at his current salary, but an arb raise could push him north of $10MM. For a player in his mid-30s who’s unlikely to return to his standout 2019-20 form, that could be present a difficult decision as the non-tender deadline approaches in November — particularly since the Giants have a number of younger outfield options. Heliot Ramos has solidified himself in the 2025 outfield, and center fielder Jung Hoo Lee will be back next year after undergoing shoulder surgery that ended his season back in May. Grant McCray, 23, has looked a bit over his head in 85 plate appearances so far (.247 OBP, 41% strikeout rate), but he had a decent showing in Triple-A this year. He and/or Luis Matos could push into the picture next season.

Perhaps there’s a scenario where Yastrzemski is more of a part-time player, but his salary could be steep for that role. He made clear to Slusser he hopes to be back, however, even mentioning a willingness to sign a two-year deal that’d lower his contract’s average annual value. We don’t typically see players heading into their final arbitration season voice willingness to sign for only two years, but Yastrzemski is older than most players with five-plus years of service and also spoke of how he’s “grown so in love with” the organization, the stadium, the clubhouse and the city itself.

Slusser also adds that outfielder Michael Conforto, a free agent at season’s end, is hoping to return to San Francisco. It’s difficult to envision a scenario where both Yastrzemski and Conforto are back next year, however, as the Giants will want to earmark playing time for Ramos and Lee and surely want to leave the door open for at-bats for younger outfielders like McCray and Matos. One of Conforto or Yastrzemski, at most, seems feasible.

The 31-year-old Conforto has never regained his star-level form after undergoing shoulder surgery two years ago, but he’s popped 16 homers for the Giants this season while batting .229/.307/.430. He’s been about 7% better than average after weighting for his home park, by measure of wRC+, but he’s also sitting on the lowest full-season walk rate of his career (9.3%) and his highest strikeout rate (25%) since 2017.

Conforto likely won’t come close to the two-year, $36MM contract he received from the Giants two offseasons ago this time around. Familiarity with the player could prompt some interest in a reunion from the San Francisco front office, but he hasn’t been a handily above-average bat since 2020 at this point. A modest one- or two-year deal could be the outcome this offseason, and a Giants club hoping to establish more of an offensive identity moving forward might prefer to shuffle the lineup rather than largely maintain the status quo.

The two pitchers in that foursome evidently have different feelings about how this played out, based both on their actions and their words. Montgomery landed a one-year, $25MM deal with the Diamondbacks that didn’t become official until March 29. The deal also contained a $20MM vesting player option that Montgomery could unlock with at least ten starts in 2024, with his 18th and 23rd starts also adding $2.5MM to the option. On April 11, less than two weeks after that deal was signed, it was reported that Montgomery had switched his representation from Scott Boras to Joel Wolfe and Nick Chanock of Wasserman.

“I don’t know, obviously Boras kind of butchered it,” Montgomery said last week, per Mac Cerullo of the Boston Herald, “so I’m just trying to move on from the offseason and try to forget it.” Montgomery adds that, to his knowledge, he didn’t receive an offer from the Red Sox in the winter.

“Yeah, for sure. Me and my wife loved it here. She was at Beth Israel for a year, love the area, love the fans,” Montgomery said when asked whether he would have considered an offer from the Sox. “It would have been awesome if it had worked out that way, but it didn’t.”

The Herald also received a comment from Boras himself in response. “I saw what Jordan said. I know what it is to be frustrated with this game. As a former player I feel for him. But I’m also a lawyer with obligations to my clients, including former ones. So I cannot discuss what happened or the decisions Jordan made unless he gives me permission,” Boras said. “If he gives me the green light I’ll be happy to talk about it. I’ve been doing this for over 35 years. I relay all offers and relevant information to all my clients and act at their direction. They make all decisions. We wish Jordan well.”

Montgomery was frequently connected to the Red Sox both because the club was in need of starting pitching and because his wife was working in the area, as he mentioned. Most reporting throughout the offseason suggested that the two sides weren’t close to agreeing on a deal. In early March, Jon Heyman of The New York Post reported that the two sides were in contact but that Montgomery was looking for a seven-year deal that the Sox didn’t want to give out.

We can’t know for sure what sorts of discussions were taking place between Boras and the Red Sox, or any other teams, but Montgomery is clearly not thrilled with the way it played out. Not everyone places the blame on Boras though, as Blake Snell is still a Boras guy and defended him when asked about the Montgomery comments.

“My experience with Scott has been great,” Snell said yesterday, per Andrew Baggarly of The Athletic. “He told me everything that was happening, all the offers I got. So for him to just get bashed for what I believe is false, that’s not fair at all. I really strongly believe that.”

When asked about Montgomery’s tough time, Snell responded thusly: “He signed the deal that he ultimately wanted to sign,” Snell said. “He has the choice. I don’t know what other deals he was offered, but I know everything that was offered to me. It’s just sad that he thinks that way when I see Scott as a very honorable man.”

Boras has a lengthy track record of securing huge deals for his clients but it’s possible that he still could have whiffed on the recent offseason, which Snell was asked about. “Yeah, or it could just be a free agency where no one was really pushing to get anybody,” said Snell. “It sucks because that was … our year to get our deals that we worked so hard to get. But ultimately the market’s the market. You can’t control it. You can’t get upset about it the way it is. Just pitch better, find a way to do better, continue to compete. Whatever you believe you deserve, you go earn it.”

There is some logic to Snell’s framing of the winter, which was mostly defined by a lack of spending. Only four free agents got nine-figure deals in the winter, as shown on MLBTR’s Contract Tracker, compared to nine in the previous offseason. Of the four from the most recent winter, three of them were fairly unique cases. One of those was the mega deal for Shohei Ohtani, who is an unprecedented talent. Two others were for 25-year-olds coming over from Asia: Yoshinobu Yamamoto and Jung Hoo Lee. The fourth was for Aaron Nola. The rest of the market was modest, with solid regulars like Amed Rosario, Jurickson Profar, Randal Grichuk, Michael A. Taylor and others getting $4MM or less. It would appear that Montgomery believes Boras could have handled that environment better while Snell simply views it as something that was beyond his control.

In addition to their differing opinions about the past, both players now appear to have divergent future. Montgomery has struggled badly with the Snakes this year and was recently moved to the bullpen. As of today, he has a 6.44 earned run average through 95 innings and 19 starts. Unless he turns things around dramatically in the coming weeks, it would appear his best course of action is to take his player option and hope for better results in 2025. By making at least 18 starts this year, he has unlocked that option and raised the value to $22.5MM.

Snell, on the other hand, has been on fire after a slow start. By the end of June, he had two stints on the injured list, six starts and a 9.51 ERA. But he came off the IL in early July and has posted a 1.30 ERA in his nine most recent starts, including a no-hitter against the Reds earlier in August. The lefty signed a two-year, $62MM deal with the Giants that allows him to opt-out at season’s end. He could trigger a $30MM player option for 2025 but could also walk away with $32MM banked and then take another shot at free agency.

If he keeps putting up good numbers for the next few weeks, it’s highly likely that another trip to the open market is in the cards. Speaking of the rest of the season, Snell says that “I’ll enjoy those starts and make the most of them and we’ll figure out what happens after that later,” before adding that he has high confidence in Boras to handle whatever comes next. “Of course,” Snell said. “High confidence. Really high.”

Boras tends to be a polarizing figure in baseball circles, so the struggles of the “Boras Four” led to a lot of schadenfreude and declarations that he was “washed” or over the hill. However, Boras is well set up to be a key player in free agency again this winter. Snell, Chapman and Bellinger will all have chances to return to the open market, while Boras also represents big-name players slated for free agency this winter such as Juan Soto, Corbin Burnes, Alex Bregman, Pete Alonso, Yusei Kikuchi, Sean Manaea, Tyler O’Neill, J.D. Martinez and many others. What those players will be entering another frosty market or not remains to be seen.

The degree of interest shown for either club isn’t known, and Heyman’s “check in” phrasing implies something of a due-diligence exploration to see how open the Giants might’ve been about moving Snell, and what it might’ve taken to land the southpaw.  Snell would naturally be an upgrade to any rotation, particularly for teams like the Dodgers and Rangers who have been dealing with pitching injuries all season.

Considering how the Giants and Dodgers have made only two trades with each other since the 1968 season, it is hard to imagine San Francisco seriously considered dealing an ace pitcher to their arch-rivals down the California coast.  Even though Giants president of baseball operations Farhan Zaidi worked as the Dodgers’ GM before being hired in his current job, it’s probably safe to guess that whatever talks Zaidi had with his old boss Andrew Friedman about Snell were fairly brief in nature.  Los Angeles instead landed Jack Flaherty as its biggest pitching prize of deadline season, and will be counting on Flaherty and some injured pitchers returning from the IL to bolster the staff heading down the stretch and into October.

Landing Snell would’ve completely overturned an otherwise quiet deadline for Texas, as the Rangers brought Andrew Chafin and Carson Kelly into the fold in separate trades with the Tigers, while Michael Lorenzen was dealt to the Royals.  The modest set of moves underscored the Rangers’ uncertainty about making a push with a roster that has underachieved for most of the season.  Texas had gotten up to a 51-52 record on July 25, but have since lost nine of their last 12 games, probably closing the door on a defense of their World Series title.

Similar to the Dodgers, Texas has also been playing without most of its first-choice rotation for the better part of the year.  Several arms were slated to make returns at midseason, but Max Scherzer’s return was short-lived, and other pitchers (such as Jon Gray) have since gotten hurt in the interim.  A win-now move like acquiring Snell might’ve backfired if the rest of the roster wasn’t up to par, so it could be that the Rangers also had something of a cursory interest in Snell’s services.

Beyond just this trade deadline, however, these teams’ interest in Snell could extend to the offseason.  Snell can opt out of the second year of his Giants contract to re-enter free agency, which now seems to be likely given Snell’s incredible results since returning from the IL last month.  (As Heyman hears from two rival general managers, “it would take a ’catastrophic’ or ’debilitating’ injury for Snell to exercise” his 2025 player option and remain in San Francisco.)  Texas has a lot of money coming off the books this winter and Los Angeles is always open to signing top free agents, so these could be two teams to monitor if and when Snell hits the open market.