After a long, quiet offseason, Zac Gallen is back where he started. In November, he turned down a qualifying offer, a one-year deal from the Diamondbacks worth $22.025 million. On Friday, Gallen and the Diamondbacks agreed to terms on a new contract. Stop me if you’ve heard this one before – it’s for one year and $22.025 million (with deferrals that drop the net present value to $18.75 million). Arizona’s ace is once again at the top of the rotation in the desert.
Gallen was my no. 19 free agent this winter, and I’ll just reproduce the first line of my write-up here: “After looking at Gallen’s résumé for about an hour, I came to an obvious conclusion: I’m glad I’m not a major league GM.” He had a severe case of pumpkinization in 2025. He missed fewer bats, drew fewer chases, walked more batters and struck out fewer, gave up louder contact, didn’t keep the ball on the ground, and lost a bit of velocity. It was the worst season of his career by a large margin; his 4.83 ERA might have been a caricature of his performance, but all of his advanced run prevention estimators surged to career-worst marks, too.
As a platform year, it left something to be desired. But I still think Gallen was right to turn down his QO and survey the landscape. After that didn’t work out, however, he made the obvious choice: Run it back in the same place and try again. Given that he put up a 3.20 ERA (3.22 FIP, 3.47 xFIP) from 2022 through 2024, worth a whopping 12.2 WAR (14.9 rWAR), betting on at least a little bit of bounce-back before a second trip to free agency surely felt very appealing. Read the rest of this entry »
A few weeks ago, I took a high-level look at the Mets’ offseason overhaul. I thought it came out well, and readers also seemed to like it, so I’m going to use that same rubric to take a look at the Red Sox today. As before, I’ll be focusing on wrapping all of the team’s decisions up together and evaluating across several axes. As I put it last time:
“How should we evaluate a front office, particularly in the offseason when we don’t have games to look at? I’ve never been able to arrive at a single framework. That’s only logical. If there were one simple tool we could use to evaluate the sport, baseball wouldn’t be as interesting to us as it is. The metrics we use to evaluate teams, and even players, are mere abstractions. The goal of baseball – winning games, or winning the World Series in a broad sense – can be achieved in a ton of different ways. We measure a select few of those in most of our attempts at estimating value, or at figuring out who “won” or “lost” a given transaction. So today, I thought I’d try something a little bit different.”
I’m not going to give Boston a single grade. Instead, I’m going to evaluate the decisions that Craig Breslow and the Red Sox made on three axes. The first is what I’m calling Coherence of Strategy. If you make a win-now trade but then head into the season with a gaping hole in your roster, that’s not coherent. If you find yourself on the borderline of the playoffs and then start subtracting, that’s not coherent. It’s never quite that simple in the real world, but good teams make sets of decisions that work toward the same goal.
Next, Liquidity and Optionality. One thing we know for sure about baseball is that the future rarely looks the way we expect it to in the present. Preserving an ability to change directions based on new information is important. Why do teams treat players with no options remaining so callously? It’s because that lack of optionality really stings. Why do teams prefer high-dollar, short-term contracts over lengthy pacts in general? It’s because you don’t know how good that guy is going to be in year six, and you certainly don’t know how good your team will be or whether you’ll have another player for the same position. All else equal, decisions that reduce future optionality are bad because they limit a team’s ability to make the right move in the future. One note on optionality: It’s not the same as not having any long contracts. Long contracts to key players actually improve flexibility, because “have a few stars” is a key part of building a championship team. Not having a star under contract when you need one is almost as much of a problem as having too many aging veterans, and I’ll consider both versions of flexibility.
Finally, maximizing the Championship Probability Distribution. We like to talk about teams as chasing wins, but that’s not exactly what’s going on. Teams are chasing the likelihood of winning a World Series, or some close proxy of that. That’s correlated with wins, but it’s not exactly the same. Building a team that outperforms opponents on the strength of its 15th-26th best players being far superior to their counterparts on other clubs might help in the dog days of August, when everyone’s playing their depth pieces and cobbling together a rotation, but that won’t fly in October. Likewise, high-variance players with decent backup options don’t show up as overly valuable in a point estimate of WAR, but they absolutely matter. Teams are both trying to get to the playoffs as often as possible and perform as well as they can after arriving there. That’s not an easy thing to quantify, but we can at least give it a shot.
The Sox came into the offseason with a pretty clear problem to solve. Alex Bregman opted out of his deal and returned to free agency, which left the roster in a particularly unbalanced state. Boston’s best four position players were all outfielders – Roman Anthony, Jarren Duran, Ceddanne Rafaela, and Wilyer Abreu. The infield was relatively barren. Trevor Story and Romy Gonzalez were the only two holdovers who notched even 250 plate appearances in the dirt. Rafaela played nearly as many games in the infield as Marcelo Mayer, the team’s top shortstop prospect, last year. Read the rest of this entry »
As you read this, baseball players across the world are flocking to Florida and Arizona. Pitchers and catchers have started reporting. Another annual rite: The last hitter among our Top 50 free agents just signed. Marcell Ozuna and the Pirates are in agreement on a one-year deal worth $12 million, as Jeff Passan first reported. The 35-year-old DH is the latest in a string of mid-market acquisitions, both in free agency and trade, as Pittsburgh improves its lineup in support of Paul Skenes and a dynamic pitching staff.
Allow me to say the obvious thing first: Even with their other moves, the Pirates needed another bat, and it’s great they got one. We project Ozuna as the best hitter on the entire roster. That’s not the kind of acquisition you generally make with a one-year deal in February. The Pirates might be starting from a low base, but that doesn’t make it any less important that they improve. They only have Skenes under team control for so long! This deal makes them better by more than anything else they could have done this week. There are no better free agents remaining, no likely trade targets with greater potential impact. But that’s not an entire article, so let’s consider this deal more deeply.
Ozuna is coming off of a down 2025 where he played through a serious hip injury. It was the latest dip in a career of highs and lows, both on and off the field. In 2024, he finished fourth in NL MVP voting after a majestic offensive season, posting a .302/.378/.546 line and a 154 wRC+. That was his second straight season of offensive success, and for Ozuna, a strong rebound from two years in the doldrums. In 2021, he missed most of the season with a broken hand. That season ended with a 20-game suspension under the league’s joint domestic violence policy, and Ozuna then struggled through a below-replacement 2022 that also saw him arrested for a DUI; he later pled no contest and paid a fine. The Braves looked for alternatives – and then of course, two years later, he nearly won MVP. Read the rest of this entry »
On Friday afternoon, the Yankees and Paul Goldschmidt agreed to a one-year deal worth $4 million, as ESPN’s Jeff Passan first reported. Friday in the early evening, I began contemplating how I’d like my career to end. These are related incidents.
Three years ago, Goldschmidt stood at the pinnacle of the game. He’d just won NL MVP on the back of a spectacular all-around offensive season, carrying the Cardinals to the playoffs in a rousing capper to his long, decorated career. It was his eighth straight season receiving MVP votes, and brought his career WAR total to 52. Have you ever considered retiring at the top of your game? With two years left on his contract, Goldschmidt must have given the idea some thought. Finish those two out well, get a bit more hardware, and ride off into the sunset toward Cooperstown.
The next two years didn’t cooperate, however. In 2023, Goldschmidt managed 3.4 WAR, a gentle decline, but the Cards collapsed, finishing last in the NL Central for the first time in 33 years. The following season was even worse; Goldschmidt hit .245/.302/.414, for a 100 wRC+, easily the worst mark of his career. The Cardinals missed the playoffs again and tilted toward a rebuild. Goldschmidt didn’t fit in St. Louis anymore. But he couldn’t go out like this, with an outlier down season, the worst of his career, closing out his time in the majors. And so he departed for New York in free agency on a one-year, $12.5 million contract. Read the rest of this entry »
The first thing Chaim Bloom did after taking over baseball operations in St. Louis was trade away everything that wasn’t nailed down. Sonny Gray? Thanks for your contributions, now go try to win a ring in Boston. Willson Contreras? Gone, and to the same team. Nolan Arenado? Thanks for the memories, enjoy the desert. With those trades sorted, he’s moved on to step two: prying up some of those aforementioned nails to make more deals. The most recent shoe to drop in the Cardinals retooling might be the biggest one, though. Brendan Donovan is now a Seattle Mariner, the key piece in a three-team trade that sends Ben Williamson to Tampa Bay and a heaping helping of prospects and draft picks to the Cardinals.
Donovan isn’t a household name like many of the best Cardinals of recent years, but that has far more to do with the team’s middling success of late than any lack of talent. His combination of versatility and offensive firepower calls to mind Ben Zobrist, and unlike almost every other flexible defender who gets compared to Zobrist, this one actually makes sense. Zobrist ran a 121 wRC+ during his seven-year peak. Donovan’s career mark is 119, the same as his 2025 total. He’s under team control for two more years at a reasonable rate, too: $5.8 million this year, with his last trip through arbitration set for 2027.
“A plus bat who can play defense everywhere” generally isn’t a good title to have applied to you. That’s because most of the hitters who receive that label either aren’t plus bats, don’t play good defense, or both. But as I mentioned, that’s not Donovan, and we might as well examine each of those two skills, as he’s the entire reason this trade happened, the best player going to any of the three clubs by a mile. Read the rest of this entry »
It took all the way until February, but the last few free agency dominos are starting to fall. The Reds were one of the first teams to dip their toes into the market this winter, signing Emilio Pagán to a two-year deal at the start of December. Now they’ve made it a bookend set – over the weekend, they signed Eugenio Suárez to a one-year, $15 million deal, as first reported by Jeff Passan.
I missed high on my contract estimate for Suárez. I had him down for two years at $25 million a year, while our crowdsourced projections thought he’d get three years at $20 million each. The lowest public-facing projection I found for him was two years at $22.5 million per. In other words, Suárez settled for less than predicted, and he signed late as a result. It’s a classic example of the fact that free agents who sign later sign for less.
At a top-line level, seeing Suárez sign for this little is surprising. He isn’t some flash in the pan seeking a 10-year deal. He’s been one of the best power hitters in baseball for quite a while now. The 2025 season was the fourth out of the last five where he’s topped 30 homers. He socked 49 while spending half the year in a home run graveyard in Seattle, though he did most of his damage before the trade; he posted a 91 wRC+ as a Mariner. Teams pay for projection, not performance, but Suárez’s wRC+ over the last three years is better than his career mark. But that power didn’t overwhelm a host of other question marks. Read the rest of this entry »
Every February, a series of rituals brings baseball back from its wintry break. Pitchers and catchers report. Spring training starts. My dad calls me to tell me Rogers Hornsby’s quote about the offseason. FanGraphs releases its initial run of its Playoff Odds.
Maybe that last one isn’t as ingrained in baseball culture as pitchers and catchers reporting, but it sure gets me excited. So much offseason analysis is hot air – This new hitter is great! We like him! And have you seen their new pitcher? – that I get the feeling that every team got better. Until we plug them all into a big old spreadsheet – well, a metaphorical spreadsheet; the projection system lives in the cloud – we don’t know how each team’s annual roster overhaul, along with the natural ebb and flow of talent over time, coheres into a new competitive landscape. In the cold light of computer-generated projections, it’s easier to see which offseasons clicked and which fell short, who’s playing for tomorrow and who’s ready to win today.
The winter isn’t over, to be clear. Among the top free agents, Framber Valdez is still unsigned, and there are other difference-makers available as well. The trade market is heating up. Inevitably, there will be injuries throughout the spring, and at least a few rookies will force their way into the playing time picture. Our odds will update to reflect all of that; you can find more about how the odds are generated here. Today, though, we can only speculate based on what we know. Here are six takeaways, one for each division, from our initial odds release. Read the rest of this entry »
How much WAR does FanGraphs project Ronald Acuña Jr. for in 2026? It’s a really straightforward question. It should be especially straightforward now that all of our projections are out. But as it turns out, it’s less clear cut than it sounds at first, and clarifying it has two benefits. First, it’ll help you better understand our projections. Second, it’s fun to play with math. So buckle up: We’re doing arithmetic.
First, let’s settle on what the “FanGraphs projection” even is. Here’s the relevant section of Acuña player page:
Eight projections, each with tons of numbers. That’s a lot! But when I say the “FanGraphs projection,” I’m referring to the first green row, the FanGraphs Depth Charts projection or FGDC. That’s the top-line projection we use anywhere on the website that pulls in projections to make predictions. When you see “2026 (Proj),” it’s using that number unless otherwise stated.
That’s settled then, right? We’re projecting Acuña for 5.4 WAR. Why did I have to waste your time with an article about it? It has to do with how we make that projection, a process you’re about to learn about, probably in more detail than you wanted. Read the rest of this entry »
