Seattle entertained offers on the veteran righty as a means to potentially adding lineup help and creating payroll space which they could reinvest in the offense. The Mariners seemingly never gave much consideration to moving any of their younger top four starters: George Kirby, Logan Gilbert, Bryce Miller or Bryan Woo. Castillo is in a different spot, as he’s entering his age-32 season and on a significant contract. He’ll make $22.75MM annually for the next three years, while the deal also includes a vesting option for the ’28 campaign.

It’s not a bad contract. Castillo remains a very good starter. He turned in a 3.64 ERA with an above-average 24.3% strikeout percentage over 175 1/3 innings last year. It was his sixth consecutive sub-4.00 ERA showing. He has topped 150 innings in each of the last six full seasons. Castillo has had better than average strikeout rates throughout his career. His fastball still sits in the 95-96 MPH range. His salaries are expensive but in line with what comparable or slightly lesser pitchers like Nathan Eovaldi, Sean Manaea and Yusei Kikuchi landed on three-year terms as free agents.

At the same time, the Mariners were looking both to offload the money and command upper-level hitting talent in return. They seemingly stuck to a high asking price, which aligns with president of baseball operations Jerry Dipoto’s repeated assertions that the front office was reluctant to subtract from the rotation.

Slusser writes that the Giants have unsurprisingly been unwilling to entertain including top first base prospect Bryce Eldridge in a trade. That’s not to say that the Mariners were necessarily insistent on including Eldridge in a Castillo deal, but the Giants are otherwise light on impact controllable hitting talent. The 20-year-old first baseman is the only San Francisco prospect to crack Baseball America’s Top 100 this offseason.

Tyler Fitzgerald and Heliot Ramos are coming off impressive seasons, but they’re each ticketed for everyday playing time in San Francisco. Both players have elevated strikeout rates that could have been a concern for Seattle. Marco Luciano’s prospect status has fallen thanks to defensive questions and strikeout concerns of his own. Luis Matos and Casey Schmitt probably project as depth pieces. While the Mariners presumably had varying levels of interest in some of those players, it’s understandable that the sides apparently couldn’t line up on value.

The Giants would up making a big move on the free agent front, signing Justin Verlander to a $15MM deal. The future Hall of Famer slots behind Logan Webb and alongside Robbie Ray in Bob Melvin’s staff. Jordan Hicks seems ticketed for the fourth starter role, with Kyle Harrison probably grabbing the final rotation spot. Hayden Birdsong, Landen Roupp, Keaton Winn and Mason Black are among the other options on the 40-man roster.

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

• The Red Sox signing Alex Bregman (1:15)
• The Tigers just missing on Bregman (9:35)
• The Cardinals seemingly holding onto Nolan Arenado (12:15)
• The Padres signing Nick Pivetta and Kyle Hart (17:40)
• The Blue Jays not getting an extension done with Vladimir Guerrero Jr. (20:50)
• The Diamondbacks extending Geraldo Perdomo (31:30)

Plus, we answer your questions, including…

• The Twins had a quiet offseason but projection systems have them winning the division. Are they the best team in the AL Central? (38:25)
• Why did the Giants have a quiet offseason apart from Willy Adames and Justin Verlander? Was it ownership reluctance or Buster Posey’s conservative stance? (42:25)

Check out our past episodes!

• Pete Alonso’s Deal, And Potential Landing Spots For Bregman and Arenado – listen here
• Jack Flaherty Back To Detroit, Max Scherzer, And What’s Next For The Padres – listen here
• Ryan Pressly To The Cubs, Bregman’s Future, And Jurickson Profar – listen here

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

According to Slusser, the club believes that Murphy’s back issue isn’t a particularly serious one. Even so, it’s understandable for the Giants to be cautious with Murphy. The veteran will turn 34 in early April, and catchers often struggle to stay healthy and productive as they enter their mid-30s. What’s more, Murphy appeared in just 13 games last year and 74 games total across the past three seasons. Those struggles to stay healthy have defined Murphy’s career to this point, and last year his injury woes were compounded by difficulties at the plate with a .118/.211/.235 slash line with a 36.8% strikeout rate.

That sample of just 38 plate appearances is impossible to draw meaningful conclusions from, and Murphy slashed a sensational .292/.357/.522 with 9 homers in just 201 trips to the plate across the 2022 and ’23 seasons. On the other hand, the Giants already appeared to be open to other alternatives for the job backing up Patrick Bailey behind the plate even before Murphy’s latest injury. Sam Huff is on the 40-man roster and out of options entering 2025, making him a logical contender to supplant Murphy as the club’s primary backup to Bailey.

Beyond Huff, other options who could be in the mix are non-roster invitees Max Stassi and Logan Porter. Stassi is a particularly noteworthy potential option given that he last appeared in the majors in 2022 due to injuries and the birth of his son, who was born three months premature and spent a number of weeks in intensive care. Prior to his layoff from regular reps in the majors, Stassi had emerged as a solid regular for the Angels behind the plate, slashing .250/.333/.452 from 2020 to ’21 with solid defense behind the plate.

Murphy is in the second year of a two-year, $8.25MM deal that comes with a $4MM club option for the 2026 season. It’s hardly an exorbitant price for Murphy’s services should he be able to get healthy and post numbers anything like the .250/.324/.460 slash line he put up during his time with the Mariners from 2019 to 2023. On the other hand, however, it’s also not the sort of hefty sunk cost that could give the club pause about cutting bait should Huff, Stassi, or Porter emerge as a preferable option this spring. With Murphy sidelined at least for the time being, those alternative options for the back-up catcher job could get an opportunity to give themselves a leg up in the competition if Murphy’s injury keeps him from participating in Spring Training games when they begin next weekend.

The Giants could change that arrangement a bit this year. While Wade will still surely see plenty of time at first base, Susan Slusser of the San Francisco Chronicle reports that Wade focused heavily on running and conditioning this offseason, because the Giants could use him in the outfield more frequently than in recent years. Wade isn’t the only Giant potentially moving from the infield dirt to the outfield grass. Justice de los Santos of the San Jose Mercury News writes that former top shortstop prospect Marco Luciano is headed to camp strictly as a corner outfielder.

When the Giants originally acquired Wade from the Twins, Brandon Belt was entrenched at first base in San Francisco. That led to considerable outfield time for Wade, who played 824 innings on the grass in 2021-22. Since Belt’s departure, he’s played just 154 innings in the outfield.

Moving Wade to the outfield more frequently could create some extra rest for Jung Hoo Lee as he returns from shoulder surgery or perhaps give young Heliot Ramos a day off against tough right-handed pitchers; Ramos hit .370/.439/.750 against lefties last year but just .240/.286/.387 versus fellow right-handers. Wade batted .253/.374/.377 against righties and is a career .251/.359/.431 hitter in those situations.

However, the larger motivation for getting Wade some renewed comfort in the outfield is surely the looming presence of top prospect Bryce Eldridge. The 2023 No. 16 overall draft pick is on a fast track through the Giants’ minor league system and may not be far from MLB readiness — despite only having turned 20 back in October. The towering 6’7″ Eldridge blitzed through four minor league levels in 2024, spending the bulk of his time in High-A, where he posted a comical .335/.442/.618 batting line in 215 plate appearances. Overall, he tallied 519 turns at the plate across his four minor league stops and batted .289/.372/.513 with 23 home runs, an 11.4% walk rate and a 25.3% strikeout rate.

Despite being limited to first base, Eldridge ranks 12th among all prospects on Baseball America’s top-100 ranking for the upcoming season. With just 17 games above A-ball under his belt, Eldridge doesn’t seem likely to make the jump right to the majors, though he’s a non-roster invitee in major league camp, so it’s at least possible he could mash his way into consideration.

With regard to Luciano’s move, the impetus is even more straightforward. The Giants signed Willy Adames to a club-record contract this offseason, guaranteeing him $182MM over seven years. With Matt Chapman also signed long term at third base and Tyler Fitzgerald lined up to handle second base after his 2024 breakout, there’s no real room in the infield for Luciano.

Of course, he’ll need to prove with his performance that he’s deserving of a big league spot at any position. The 23-year-old has batted just .217/.286/.304 in 126 major league plate appearances to this point in his career. He hit .250/.380/.380 in his second run at Triple-A last year but did so with an ugly 26.8% strikeout rate. That’s an improvement from the prior season’s 31.3% mark, but it’s still concerning to see so many punchouts in the upper minors.

Luciano candidly told de los Santos and other reporters that he felt “totally lost” at the plate in 2024. He’s spent the offseason working to identify and correct bad habits in his swing. Luciano conceded that he’s “a little bit uncomfortable” with the move to the outfield but took a team-first approach in embracing the position switch. He’s entering his final option year, so while this isn’t necessarily a make-or-break spring for him, he’ll need to show both strides at the plate and prove himself capable of handling the outfield in some capacity if he’s to carve out a long-term spot with the club.

Murphy played just 13 games in 2024, going 4-for-34 with one double, one home run, and four walks. When he landed on the IL in early May, Giants manager Bob Melvin told reporters (including Baggarly) that he would need approximately four to six weeks to recover. Yet, weeks turned into months and Murphy still could not squat behind the plate without pain. Eventually, a second MRI scan after the All-Star break showed that his sprained ligament had not healed at all (per Evan Webeck of the Bay Area News Group). A PRP injection seemed to help the healing process, but by that point, Murphy’s 2024 season was lost. On the bright side, he told Webeck in September that he hoped to be back at full strength by spring training, and there’s no reason to believe that timeline has changed.

It’s easy to see what the Giants liked about Murphy when they signed him. At his best (and his healthiest), he is a legitimate power threat, especially against left-handed pitching. He hit well when he was on the field in 2022 and ’23, batting .292 with nine home runs in 61 games. Particularly impressive were his .879 OPS and 148 wRC+ in 201 trips to the plate; no catcher (min. 200 PA) had a higher OPS or wRC+ in that span. Murphy also showed off his unusual power for a catcher in 2019 with the Mariners, a year in which he hit 18 home runs and put up a 126 wRC+ in 281 PA.

Of course, 201 PA and 281 PA are both small sample sizes, and small sample sizes have been a problem for Murphy throughout his career. He has never played more than 97 games or taken more than 325 PA in a season. As he enters his age-34 campaign, he has only crossed the 200 PA threshold in a season twice, the 100 PA threshold three times, and the 50 PA threshold four times. He has spent at least six weeks on the IL in four of the past five years. And of all the injuries he has suffered, his knee sprain last season might be the most troubling yet. Knee injuries are always worrisome for catchers, and the fact that he took so long to recover is another cause for concern. Even in a best-case scenario where Bailey stays healthy throughout this coming season and takes on as much of the catching duties as he possibly can, the Giants will still need 400 or so innings from their backup. Murphy has only caught 400 innings in a season twice, and it’s more than fair to wonder if he can handle that kind of workload in 2025.

With all that said, it works in Murphy’s favor that the Giants don’t necessarily have a better option. In January, Brisbee laid out a few of Murphy’s potential competitors, including Sam Huff, Max Stassi, and Logan Porter. Huff, who is already on the 40-man roster, was once a relatively well-regarded prospect in the Rangers organization. However, the 27-year-old has never been able to establish himself at the big league level, and he’s coming off a poor offensive season at Triple-A. Stassi, meanwhile, has plenty of MLB experience, but he hasn’t played in the majors since 2022 and has not been a productive major league since 2021. He’s the same age as Murphy and comes with even more question marks. Finally, Porter has some offensive upside, but there’s a reason he’s 29 years old and only has 11 big league games under his belt. Unlike Murphy, Huff, or Stassi, Porter has minor league options, which makes him a potential candidate to shuttle back and forth between the majors and minors as needed in a third-string catcher role.

If the Giants are willing to look outside the organization, they could make this competition a little more interesting by signing another veteran catcher like James McCann, Luke Maile, or Yan Gomes to a minor league contract and inviting them to camp. Ultimately, however, Murphy still seems like the favorite to be Bailey’s backup come Opening Day. For one thing, the $4.25MM in guaranteed money remaining on his contract isn’t nothing, and the Giants aren’t going to want to eat that unless they feel they have no other choice. What’s more, if he can stay healthy, his powerful righty bat could be a genuinely valuable weapon for San Francisco’s bench. Still, the team will at least do their due diligence this spring. If Murphy struggles in camp, and another catcher stands out, the Giants will have to make a difficult decision before Opening Day.

Romero, who recently turned 34, returns to affiliated ball after sitting out two seasons. The southpaw last pitched a full season in 2022, when he turned in a 3.36 earned run average across 115 2/3 innings for the Chiba Lotte Marines in Japan. Romero’s only professional experience since then has been winter ball in his native Dominican Republic. While he struggled to a 5.17 ERA during the 2023-24 offseason, he had an excellent showing this winter. Romero pitched to a 1.24 mark over 10 starts.

San Francisco’s evaluators were intrigued enough by Romero’s form to give him a look in camp. The southpaw has pitched in five MLB seasons, though he hasn’t reached the majors since 2018. He was a pure reliever during his early-career work, most of which came with the Rays and Nationals. The 6’3″ hurler has a 5.12 ERA across 146 big league innings. He fanned a league average 23.4% of opponents against a lofty 11.1% walk rate.

Romero has worked as a starter in Japan and in the Dominican Republic, so it’s possible the Giants will keep him stretched out at Triple-A Sacramento. If he gets a major league look, it’d be likelier in low-leverage relief. The Giants only have one lefty reliever on their 40-man roster: Erik Miller. They’re bringing a handful of left-handers to camp on non-roster contracts. Joey Lucchesi, Raymond Burgos, Miguel Del Pozo, Ethan Small and Helcris Olivarez are also among those who’ll be in Spring Training.

The 24-year-old Basabe’s only big league experience came back in 2023, when he totaled 94 plate appearances across 31 games and batted .218/.277/.310. That inauspicious debut came after a more encouraging .296/.351/.426 output (95 wRC+) in Triple-A that year. However, the 2024 campaign brought significant declines for Basabe in nearly every meaningful category. He spent th entire year in Triple-A Durham, hitting .248/.293/.336. Basabe’s walk rate dropped from 7.3% to 4.9%. His strikeout rate jumped from 15.5% to 18%. His average exit velocity dipped by nearly three miles per hour, while his hard-hit rate fell by a hefty eight percentage points.

Rough as the previous season was, Basabe is regarded as a solid defender who can handle shortstop, second and third. He ranked within the top 10 prospects in Tampa Bay’s system an offseason ago and has a minor league option remaining, so the Giants can send him to Triple-A without needing to expose him to waivers.

With Willy Adames at short, Matt Chapman at third and Tyler Fitzgerald at second, there’s no immediate path to Basabe logging any kind of consistent at-bats in the majors, even if he has a big spring showing. However, the Giants’ bench is far less solidified, and he’ll join Brett Wisely, Casey Schmitt and David Villar (among others) in competing for a utility role on Bob Melvin’s bench.

Trivino, 33, hasn’t pitched in the big leagues since 2022 due to a series of arm injuries. He underwent Tommy John surgery prior to the 2023 campaign and missed all of the 2024 season due to ongoing inflammation in that elbow and a separate shoulder issue. He recently held a bullpen session for scouts — the Giants were among those in attendance — and seemingly has a clean bill of health. By signing in San Francisco, he’ll be reunited with his longtime manager in Oakland, Bob Melvin, at least for spring training.

When he’s been healthy and at the top of his game, Trivino has been a quality high-leverage arm. He throws hard, misses bats and picks up grounders at strong rates. From 2020-22, the righty averaged just under 96 mph on his four-seamer and sinker while pitching to a 3.76 ERA with a 24.5% strikeout rate, 10.4% walk rate and 48.7% grounder rate. In parts of five big league seasons, he’s tallied 37 saves and 52 holds.

The Giants recently shipped out one veteran reliever, lefty Taylor Rogers, in a trade with the Reds that looked to be more about cost-savings than improving for the upcoming season. That left Taylor’s twin brother, Tyler, and righty Camilo Doval as the Giants’ only two relievers with even two years of big league service. If he impresses in camp, Trivino can add a veteran option to a late-inning group that includes Tyler Rogers, Ryan Walker and Doval. Others in the bullpen mix include Sean Hjelle, Erik Miller, Landen Roupp, Tristan Beck, Spencer Bivens and Randy Rodriguez.

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

• The Tigers re-signing Jack Flaherty and reportedly still lurking on Alex Bregman (1:50)
• The Blue Jays signing Max Scherzer (16:35)
• The Rays signing Ha-Seong Kim (22:20)
• The Padres shifting Xander Bogaerts back to shortstop with Kim leaving (30:10)
• The Mariners re-signing Jorge Polanco and might be effectively done (36:10)
• The Reds acquire Taylor Rogers from the Giants and San Francisco might be effectively done (49:05)

Check out our past episodes!

• Ryan Pressly To The Cubs, Bregman’s Future, And Jurickson Profar – listen here
• Debating A Salary Cap, How To Improve Parity, More Dodgers Moves, And Anthony Santander – listen here
• The Jeff Hoffman Situation, Justin Verlander, And The Marlins’ Rotation – listen here

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

The west coast represents the class of the National League given that they’ve represented the senior circuit in the World Series in each of the past two seasons. The division has sent at least two teams to the postseason in each of the past five seasons, and this offseason finds three of the club’s five teams firmly in win-now contention windows while a fourth has also begun acting aggressively. Which team has done the most to set themselves up for success this winter? Teams are listed in order of their 2024 record.

Los Angeles Dodgers

The reigning World Series champions may have stayed mostly on the sidelines during the bidding for top free agent and $765MM man Juan Soto, but that in no way means they’ve had a quiet offseason. The Dodgers have been one of the league’s most active teams this winter, re-signing Teoscar Hernandez and Blake Treinen, extending Tommy Edman, and also making a number of additions in free agency. The club kicked off the winter by poaching lefty Blake Snell from their division rivals in San Francisco and haven’t let up since, adding Michael Conforto to the outfield and Hyeseong Kim to the infield while bolstering the bullpen with both Tanner Scott and Kirby Yates, arguably the two best closers available in this winter’s market.

The most notable addition of the winter for Los Angeles, however, was surely longtime NPB phenom Roki Sasaki, who was posted despite not yet being eligible for anything more than a minor league contract and international bonus pool money. Getting Sasaki under such favorable terms would be a coup for any team, and it only serves to strengthen the Dodgers further. That’s not to say their offseason has been flawless, however. Their roster crunch reached a point where they had to sell off some of their less-necessary 40-man prospects and depth pieces like Diego Cartaya, Gavin Lux, and Ryan Brasier. Aside from that, the club’s biggest question mark in 2025 was the shortstop position, and that remains largely unaddressed as the club plans to give veteran star Mookie Betts another run at the position despite his lack of experience there. Even with a potential hole at short if Betts is unable to handle the position, however, the Dodgers have set themselves up well as they look to defend their World Series title in 2025.

San Diego Padres

It’s been a quiet and disappointing offseason in San Diego amid discord within the club’s ownership group and a clear budget crunch that has hampered president of baseball operations A.J. Preller all throughout the winter. The departures of Scott, Jurickson Profar, Donovan Solano, and Ha-Seong Kim in free agency have left the club’s strong core without much of its supporting cast, and San Diego’s hopes of landing Sasaki were dashed by their rivals in L.A. despite a strong push that made them a finalist. The club’s only big league signing to this point in the winter has been re-signing Elias Diaz to help shore things up behind the plate. It’s a welcome addition but hardly a needle mover, and it seems as though the Padres may not be able to make more impactful additions without trading a player like Dylan Cease or Luis Arraez to clear salary.

Arizona Diamondbacks

After missing the playoffs by just a hair in 2024, the 2023 NL champions have not been resting on their laurels this winter. The club re-upped with Randal Grichuk yesterday to keep a key right-handed bat in the outfield mix, and while the losses of Joc Pederson, Christian Walker, and Josh Bell to free agency are all sure to sting the lineup the addition of Josh Naylor in a trade with the Guardians should help to ease that blow considerably. By far the club’s most notable addition, however, is that of Corbin Burnes. Arizona managed to reel in the offseason’s top pitching free agent on a surprisingly favorable six-year guarantee, and the 2021 NL Cy Young award winner will now join Zac Gallen at the top of an already-strong rotation that also features Merrill Kelly, Eduardo Rodriguez, Brandon Pfaadt, and Jordan Montgomery. With that being said, the club still has one major question mark in the lineup after letting Pederson’s role as the regular DH go as-of-yet unfilled, and the club’s efforts to add a closer to their relief corps have not yet come to fruition either.

San Francisco Giants

Much like the Diamondbacks, the Giants’ offseason is highlighted by one major, splashy signing: they added shortstop Willy Adames to their infield on the largest free agent contract in club history, pairing him with recently-extended third baseman Matt Chapman to form a dynamic duo on the left side of the infield for years to come. Aside from that signing, perhaps the biggest addition to the Giants organization of the offseason was longtime franchise face Buster Posey taking over for the exiting Farhan Zaidi as president of baseball operations.

Since adding Adames just before the Winter Meetings, however, things have been fairly quiet in San Francisco. Future Hall of Famer Justin Verlander was brought in to help Logan Webb anchor the rotation after Snell departed for Los Angeles, but Verlander turns 42 later this month and it’s fair to wonder how much he has left in the tank after a difficult 2024 season. That appears to be all the club plans to do this winter, as Posey recently suggested that the organization feels “pretty set” with their offseason moves despite departures like Michael Conforto and Taylor Rogers having gone as-of-yet unanswered.

Colorado Rockies

Coming off back-to-back 100-loss seasons, the Rockies have continued to eschew the full rebuild strategy other bottom-feeders like the White Sox and Marlins have taken up in favor of retaining their veteran players to serve as a bridge to their younger pieces. That’s led to extremely quiet offseasons in recent years, and this one has been no exception to that. The club added some infield depth by signing Thairo Estrada and Kyle Farmer to one-year deals as they look to replace Brendan Rodgers, but those are the club’s only big league free agent additions of the winter.

Arguably their most impactful move was re-signing catcher Jacob Stallings on the heels of an excellent rebound season with the club last year, and he should help to solidify the catcher position until well-regarded prospect Drew Romo is ready to take over regular catching duties. The pitching staff has been almost entirely unaltered aside from the departures of Daniel Bard and Cal Quantrill, however, and there hasn’t been a bat brought in to replace the production of retiring franchise stalwart Charlie Blackmon.

__________________________________________________________

This offseason has been a bit of a mixed bag around the NL West, with three of its five clubs making multiple major additions to the roster but the other two having done very little to this point in terms of either buy-side or sell-side moves, instead largely remaining stagnant. The Dodgers have been, unsurprisingly, the most active club of the winter both within the division and arguably in baseball as a whole. With that said, however, Arizona’s coup in bringing Burnes into the fold and San Francisco’s record-setting deal for Adames are strong moves that could catapult either club back into the postseason after missing out last year. Colorado’s trend of modest offseasons has continued, however, and with the caveat that Preller can never be counted out when it comes to making bold moves, it seems that the Padres have elected to join them in that quiet approach to this point in the offseason.

Of the five NL West clubs, which one has had the strongest offseason so far? Have your say in the poll below:

"I think back on some of my earliest memories walking into a spring training clubhouse -- walking in and seeing Willie Mays sitting at a table with Willie McCovey and Gaylord Perry, Juan Marichal. The next week it's Will Clark, Jeff Kent, Barry Bonds. I always appreciated -- and I don't think I appreciated it as much when I was a younger player -- but as time went on, I appreciated what that meant not only to the community but to us as players. There's a standard and expectation for being a San Francisco Giant. It's a privilege to try to go out on the field and hold ourselves accountable to that standard. You can go more toward my era, with [Matt] Cain and [Tim] Lincecum, [Madison] Bumgarner and [Brandon] Crawford and [Brandon] Belt. What I came to realize is sure, all those guys were great players and part of great teams, but what those guys ultimately meant to the San Francisco Giants fanbase and the community was memories. And all of us that are lucky enough to get to be involved in baseball in whatever capacity, understand that not only is it the greatest game in the world, but we're in the memory-making business. It's ultimately entertainment. It's an opportunity for grandparents and parents to share memories. It's an opportunity for strangers sitting out in the bleachers to share a great memory that happens at the ballpark and that can be talked about from that time on for the rest of their life, potentially."

Just over a month into the offseason, that mentality appeared to be on full display. Willy Adames put pen to paper on the largest contract the franchise had ever handed out: a seven-year, $182MM contract. The team was tied to marquee free agents like Corbin Burnes and looked into trades for star players like Kyle Tucker and Garrett Crochet, ultimately balking at the notion of including top prospect Bryce Eldridge in a package for either. Still, it was a promising start to a winter after years of the Giants eschewing bids for high-end free agents and generally showing an aversion to long-term commitments.

The vibe surrounding the Giants seems much different just six to seven weeks later. The Giants' most recent move was a cost-saving trade. Posey is now expressing that he's comfortable with the roster as currently constructed.

Unlock Subscriber-Exclusive Articles Like This One With a Trade Rumors Front Office Subscription

BENEFITS

• Access weekly subscriber-only articles by Tim Dierkes, Steve Adams, and Anthony Franco.
• Join exclusive weekly live chats with Anthony.
• Remove ads and support our writers.
• Access GM-caliber tools like our MLB Contract Tracker

However, in the aftermath of the deal, president of baseball operations Buster Posey downplayed that possibility. “We’ll keep looking,” Posey said to Andrew Baggarly of The Athletic. “I will say, we feel pretty set with the roster the way it is right now.”

This is Posey’s first offseason in his current job, as he was just hired at the end of September. Unlike other baseball operations leaders, there’s no real track record to go off of, making it hard to gauge how the Giants would behave this winter. There were perhaps some clues, as Posey was apparently instrumental in the Matt Chapman negotiations, even before getting the POBO job. Then at his introductory press conference, he spoke of getting the Giants back into the “memory-making business.” He also spoke fondly of valuing runs batted in as a statistic, despite that measure falling out of favor over time.

That led to some hope that he would come in as an old-fashioned gunslinger type, though it’s been a fairly modest offseason on the whole. They did make a big strike with the Willy Adames signing, the largest contract in franchise history, but have been fairly quiet apart from that. Their most notable moves aside from Adames have been to sign Justin Verlander to a one-year deal and send out Rogers in what seems like a salary dump move.

It’s possible that this is a bluff from Posey, since it wouldn’t help with negotiations for him to come out and say he’s desperate to make further additions. But if he’s being truthful that the club is fairly content, then they will be mostly relying on internal improvements.

The Giants have finished with a win total in the 79-81 range in three straight years now. Adames is a nice boost but the Giants also lost Blake Snell, Michael Conforto and Mark Canha to free agency at the end of last year and have now taken Rogers out of the bullpen mix. Verlander could also help, but there are no guarantees of that after he posted a 5.48 earned run average last year. Injuries may have played a part in those struggles but health woes can pop up for any pitcher and Verlander is perhaps even more susceptible since he’ll turn 42 before the season starts.

The internal improvements could come from a few places. Jung Hoo Lee only got to play 37 games last year before requiring labrum surgery, so a full and productive season from him would be great. Wilmer Flores, Robbie Ray and Jordan Hicks were also held back by health issues to varying extents and could perhaps provide more in 2025 than last year. Tyler Fitzgerald and Heliot Ramos had midseason breakouts in 2024, so carrying those forward into a full season could lead to some extra wins. A bounceback from Camilo Doval after a rough 2024 would certainly be welcome. Young guys like Luis Matos and Marco Luciano could perhaps break out after their progress has lagged a bit in recent years.

If Posey’s stance is posturing, it’s possible there’s some financial wiggle room, at least relative to last year. Per Cot’s Baseball Contracts, the club started 2024 with a $208MM payroll and they eventually went on to pay the competitive balance tax. RosterResource currently projects them for just a $176MM payroll this year, $32MM south of last year. Their $217MM CBT projection is $24MM below this year’s $241MM base threshold.

It’s still possible for the club to sign someone like Flaherty or Alonso and stay under the tax and last year’s payroll. Alonso might end up making a salary near $24MM this year but the Giants could offset that somewhat by trading LaMonte Wade Jr. and the $5MM he’s owed. However, Baggarly has reported previously this winter that the Giants are planning to reduce payroll, so perhaps they have already made their most significant moves.

Robert played only 100 games in 2024 and didn’t seem to be at full strength for much of that time. His .224/.278/.379 slash was the worst production of his career. That’s made it tough for the White Sox to find a middle ground in trade conversations. Selling low on such a talented player when he’s signed through 2027 — $15MM in 2025, plus a pair of $20MM club options for 2026-27 — would be a major missed opportunity if Robert is able to bounce back with a healthy season.

Ken Rosenthal of The Athletic reports this morning that those hurdles impacted trade talks with both the Giants earlier in the offseason and, much more recently, with the Reds. Cincinnati and Chicago were discussing Robert as recently as last week and this past weekend, per Rosenthal, with infield prospect Edwin Arroyo among the names who could potentially go back to the Sox. Beyond the difficulty of agreeing on which prospects would be involved, the two parties didn’t see eye to eye on how much money the White Sox should include to cover some of the $17MM still guaranteed to Robert. (There’s also a $2MM buyout on his 2026 club option.) At this point, the Sox aren’t likely to trade Robert prior to spring training, per the report.

Until recently, it seemed as though the Reds had exhausted the majority — if not the entirety — of their 2025 payroll budget. A late agreement with Main Street Sports/FanDuel Sports Network for their 2025 television broadcasts provided an unexpected bump to president of baseball Nick Krall’s budget for the upcoming season, however. That produced renewed talks with reliever Carlos Estevez — who ultimately agreed to sign with the Royals instead — and likely facilitated the signing of Austin Hays (one year, $5MM) and yesterday’s acquisition of Taylor Rogers, whom the Reds will pay $6MM next year. (The Giants are covering the other $6MM of his 2025 salary.)

That’s $11MM in new payroll added by the Reds (a net $9.5MM over two league-minimum players) since that late TV deal was brokered. Robert alone is guaranteed more than that; even if the White Sox had been willing to kick in $6MM to bring the price down to the same $11MM the Reds wound up spending this past week, that would’ve only addressed one spot on the roster. Cincinnati would still be looking for more bullpen help and presumably doing so with at a much lower rate than the $6MM they’ll end up paying to Rogers.

While Arroyo is just one of the names the two parties discussed, it’s worth noting that like Robert, he’s a volatile player who’s difficult to evaluate at present. The 21-year-old middle infielder was a second-round pick out of Puerto Rico by the Mariners back in 2021 and was one of the key prospects shipped to the Reds in 2022’s Luis Castillo blockbuster. He ranked among the sport’s top-100 prospects in each of the past two offseasons but suffered a torn labrum in his left shoulder last spring. That injury required surgery and wiped out his entire 2024 campaign.

Arroyo recovered in time to play in last year’s Arizona Fall League but in 18 games slashed just .253/.309/.333. That’s not a big enough sample to make a meaningful evaluation, of course, but it’s nonetheless a far cry from the 2022 production that helped catapult him onto the national prospect radar; that season saw Arroyo hit a combined .293/.366/.480 as an 18-year-old primarily facing much older and more experienced competition in A-ball.

A trade involving Robert could yet come together, but the challenges encountered by both the Giants and the Reds in their efforts to pry him from Chicago will persist. The Sox don’t want to take a middling return for a player who could command a genuine prospect haul if healthy. Any potential trade partner will be reluctant to trade its very best talent in exchange for a player who missed two months with a hip injury and was 16% worse than an average hitter in 2024 — even if he popped 38 homers as recently as 2023. The money owed to Robert is a bargain if he’s healthy, but that’s a major if. Plus, many teams have spent the vast majority of their offseason budget by this point on the calendar.

Back in late November, one rival general manager who’d spoken to the Sox about Robert rather plainly laid out the difficulty in working out a trade, telling USA Today’s Bob Nightengale at the time: “You’ve got to hope he finally stays healthy and can be the player everyone envisioned all along, but the White Sox are acting like he’s some big star center fielder and are asking for your top prospects.”

The Sox weren’t in an entirely dissimilar situation with Dylan Cease a year ago at this time. Cease, who had two seasons of club control remaining then, had finished runner-up in 2022 American League Cy Young voting before a pedestrian 2023 campaign in which he posted a 4.58 ERA with a one-mile drop in average fastball velocity and a corresponding dip in strikeout rate. He came back with a vengeance in spring training with stuff that looked dominant enough to generate a second act on his trade market. The Padres wound up acquiring him on March 13.

It’s possible a similar situation could play out with Robert. If he looks healthy and dynamic early in Cactus League play, perhaps there’ll be some renewed interest and diminished trepidation from interested teams wary about the explosive outfielder’s health.

If not in spring training, even a few weeks of strong play early in the 2025 campaign could pique the interest of other teams. That could create a situation similar to the one that saw the Marlins trade Luis Arraez (also to the Padres) early last May. Miami’s catastrophic start to the season effectively eliminated them from playoff contention just weeks into the 2024 season. The ChiSox already know full well they won’t contend in 2025. If Robert gets out to a torrid start and looks like the 2023 version of himself, putting him on the market in late April or early May would reduce the risk of an injury occurring in the months leading up to the trade deadline while also giving a trade partner an extra few months of production.

As MLBTR’s Anthony Franco pointed out last night when discussing the Guardians’ challenges in acquiring a center fielder, there simply haven’t been many — or really, any — impact options on the trade or free agent markets at the position over the past couple years. That applies not only to the Guards but also to the Giants, Reds, Phillies and other clubs that have sought center field upgrades recently. Clubs like the Red Sox, Mariners, Twins, Tigers, Royals, Pirates and Astros have also coveted right-handed bats and/or outfielders. Any could have interest in a revitalized Robert.

For now, the Sox’ focus will be on getting and keeping Robert as healthy as possible. If a strong spring or April showing rekindles his trade market, the past interest from both San Francisco and Cincinnati will be worth bearing in mind as the South Siders field new offers.

Rogers, 34, has been one of the better lefty relievers in the league for quite a while now. Dating back to 2016, he has thrown 490 2/3 innings, allowing 3.34 earned runs per nine. He has struck out 28.2% of batters faced, limited walks to a 7% clip and also kept balls in play on the ground at a 46.3% rate.

He has occasionally been deployed as a closer, with a couple of seasons with 30-plus saves, but has mostly been a really good setup guy. He has 98 holds in his career. From 2016 through 2024, only ten pitchers racked up more holds. Héctor Neris is the only guy with both more saves and more holds than Rogers in that span.

The southpaw has spent the past two years with the Giants. He signed a three-year, $33MM deal with that club going into 2023. That was broken up into a $9MM salary in 2023, followed by $12MM in the final two seasons. That signing allowed him to play on the same team as his brother, righty Tyler Rogers.

As a Giant, the left-handed Rogers continued to post good numbers overall. He had a 3.83 ERA in 2023 and dropped that to 2.40 last year. It’s possible that the club saw some yellow flags under the hood last year, however. He averaged 93 miles per hour on his sinker, a career low and the third straight season in which that number dropped. He was at 95.7 mph in 2021 but then went to 94.3 and 93.6 in the next two years. His strikeout rate has also been falling in step, going from 35.7% to 30.7, 29.6 and 25.7% over the past four seasons.

He did still manage a shiny ERA in 2024 but there may have been some luck there. His 81.8% strand rate was well above the 72.1% league average, perhaps why his 3.75 FIP and 3.47 SIERA were both more than a run higher than his ERA. The Giants placed him on waivers in August last year, meaning any club could have just grabbed him if they were willing to take on the remainder of his contract, but no club did.

Those adjusted numbers are still decent, so it’s a sensible pickup for the Reds. Their relievers had a collective 4.09 ERA last year, placing them 18th out of the 30 clubs in the majors. They lost Buck Farmer and Justin Wilson to free agency. They traded Fernando Cruz to the Yankees for catcher Jose Trevino.

Adding to that bullpen has clearly been part of their plans. They have been connected to reliever Carlos Estévez multiple times this offseason but it’s been unclear how much spending capacity they have.

A couple of weeks ago, they signed a new TV deal with Main Street Sports, which prompted president of baseball operations Nick Krall to say that the club could perhaps direct some extra funding into building the roster. In recent days, they have agreed to sign Austin Hays to a $5MM deal and acquire Rogers as well as $6MM of his $12MM salary. They also agreed to a minor league deal with Wade Miley, who is recovering from Tommy John surgery but would make a $2.5MM base salary if he eventually makes the club.

Bringing in Rogers will hopefully upgrade the bullpen and give them a third lefty alongside Brent Suter and Sam Moll. Whether they still have funds available to go after Estévez or any other free agent remains to be seen. RosterResource estimates the club’s payroll at $110MM, about $10MM above last year. As of this writing, that doesn’t include Rogers, so adding in $6MM for him should push them up to a $16MM difference.

For the Giants, they have essentially cut the left-handed portion of their bullpen in half. Rogers and Erik Miller were the only southpaw relievers to toss more than an inning for the club last year, so they are now down to just Miller.

As mentioned, Rogers has been declining in terms of velocity and strikeouts, so perhaps the Giants expected those trends to continue and just wanted to get out now. In the process, they have saved $6MM, which could be redirected towards another part of the roster. RosterResource calculates their competitive balance tax number at $211MM, $30MM below the base threshold of $241MM. They paid the tax last year but it’s unclear if they plan to do so again in 2025. They have been connected to notable free agents such as Pete Alonso and Jack Flaherty this winter, so perhaps the savings could help them land one of those guys or some other free agent of note.

Of course, they are also adding some young talent in the form of Roxby. 26 in March, Roxby was signed by the Reds as an undrafted free agent in 2020. Due to the pandemic, that year featured a truncated draft of just five rounds.

Exclusively a reliever in his career thus far, Roxby has thrown 169 2/3 innings across multiple levels over the past four years with a 4.30 ERA. His 10.4% walk rate is a bit high but his 30.6% strikeout rate quite strong. Back in April, Eric Longenhagen of FanGraphs ranked him as the #38 prospect in the Cincinnati system, noting that he’s a sidearming righty with two breaking balls. Geoff Pontes and J.J. Cooper of Baseball America highlighted Roxby ahead of the 2023 Rule 5 draft but he didn’t get selected that year nor in 2024.

Robert Murray of FanSided first reported the Rogers-Roxby swap. Mark Sheldon of MLB.com first reported the $6MM heading to the Reds.

Lamb spent the 2024 season in Triple-A as a member of the Pittsburgh organization. He tallied 414 plate appearances and had a roughly average .264/.350/.393 line with seven home runs. It was a step down from his minor league production from the preceding season. Lamb had combined for a .289/.420/.454 slash in 85 Triple-A contests between the Yankees and Angels two years ago. He earned a brief MLB call from the Halos, appearing in 19 games.

Last season was the first since 2013 in which Lamb did not get to the majors. He’s best known for his early-career run as an everyday third baseman in Arizona. Lamb was an All-Star in 2017 and combined for 59 homers between 2016-17. He hasn’t reached 250 big league plate appearances in a season since then. The lefty batter has appeared for seven different clubs going back to 2018. He has a .205/.306/.359 slash in nearly 900 trips to the plate over that time.

As he enters his age-34 season, Lamb has mostly moved off the hot corner. He didn’t play third base at all last season. He spent most of his time at first base or designated hitter and made a handful of starts in right field. He’ll vie for a spot on the San Francisco bench. The Giants have lefty-swinging LaMonte Wade Jr. penciled in at first base. They don’t have a set answer at designated hitter. Lamb hasn’t hit enough in recent seasons to play there regularly, but he could play his way into a rotational role with a strong showing in camp and/or at Triple-A Sacramento.