I generally find discussions of the most underrated player in baseball to be tedious. Whose rating are we using? Relative to what? Does being the most underrated player in the game two years in a row imply something uncomfortable about our own ability to update our priors? Heck, does repeatedly earning the mantel of “most underrated” render you ineligible for the title? How underrated can José Ramírez be when every single FanGraphs reader knows how underrated he is? Anyway, today’s article is a case of “do what I say, not what I do.” Because I’ll just say it: Drew Rasmussen is the most underrated player in baseball.

I know, I know! That whole intro paragraph tells you how silly this formulation is. But I was moved to look more closely at Rasmussen for two reasons. First, there was this tweet from Tom Tango:

Since 2021, among pitchers with 500+ IP, there are 10 pitchers in the top 15 in each of ERA, FIP and Statcast ERA (xERA)

From highest to lowest career WAR:

Kershaw
Sale
Cole
Wheeler
Fried
Skubal
Burnes
Woodruff
Ohtani
Rasmussen

Sale + Ohtani are only ones in top 5 in all 3 pic.twitter.com/jF7ZVUWmDs

— Tangotiger ? (@tangotiger) August 9, 2026

Not a list I expected to find him on. Second, this interview he did with our own David Laurila fascinated me. Rasmussen doesn’t look much like he did when the Brewers traded him to the Rays for Willy Adames back in 2021. This guy has remade his entire arsenal and approach, and he’s become one of the best pitchers in baseball by doing so. Read the rest of this entry »

Read the rest of this entry »

Every year, baseball teams cram a whole season of trade activity and rumors into about four days of mayhem. This year was no exception, and there was an even bigger prize than normal. The best player available at the deadline isn’t always one of the best players in baseball; it’s often merely the best player nearing free agency on a team that isn’t competing. But this year, one of the best few pitchers on the planet fell into that category, and a broad cast of would-be contenders saw opportunities to add some juice to their rosters too. This isn’t a comprehensive list. Give me another few weeks, and I’ll have more nuanced opinions about everyone’s actions. But one day after the sound and the fury, here are the trends that most stood out to me.

Winner: The Dodgers
Duh. They got Tarik Skubal. Analysis doesn’t always have to be complicated. The Dodgers gave up two Top 100 prospects in the deal, but they’re accumulating top prospects through good drafting and development faster than they can spend them in trades and major league playing time, so that’s not a huge cost. They even get the ancillary benefit of preventing their opponents from trading for Skubal, which is non-neglible.

The Dodgers have made three big acquisitions in the past year: Skubal, Kyle Tucker, and Edwin Díaz. That’s the top available starter, hitter, and reliever (in expectation, at least) over that time period, whether in free agency or trade. The Dodgers know that they’re good now, and they’re pressing the advantage at every turn. That killer instinct puts them in great position to add a third straight championship. Not that they’re favorites, because the baseball playoffs are fueled by randomness, but they’re about as favored as it’s possible to be. Read the rest of this entry »

The Nationals have the misfortune of playing in the wrong league. At 55-58, they’re absolutely buried in the National League Wild Card race, 4.5 games out with four teams between them and the last spot. Meanwhile, the Guardians have the fortune of playing in the American League, where their 57-56 record not only has them in a playoff spot at the moment, but a mere three games back of the division lead. So while these two teams have played to nearly identical records (the Nats have better Pythagorean and BaseRuns records, but it’s close), Washington is selling and Cleveland is buying. More specifically, Cleveland acquired Nats ace Foster Griffin in exchange for a four-prospect sampler platter, as first reported by Mark Feinsand.

It seems like Cleveland is always hanging around the playoff race. They’ve won the AL Central six times in the last decade and finished in second place another three. Of late, they’ve done it with great bullpens and blah starters, with a contact-and-defense approach to hitters. But this year, the defense isn’t clicking like it normally does, the offense is scoring less than four runs a game, and the bullpen is outside of the top 10 in WAR for the first time since 2023, the only year since 2012 where they’ve finished below .500. In other words, the rotation has been shouldering a much heavier workload this year.

Parker Messick and Gavin Williams have been the straws stirring the drink for the Guardians so far in 2026. Joey Cantillo has been better than advertised as well. Heck, Tanner Bibee isn’t missing bats like he used to, but he’s provided valuable innings. But there just wasn’t enough there for Cleveland to feel comfortable – not enough depth, not enough certainty about who would start in the playoffs, not enough margin for error. And so they acquired not the best pitcher on the market – that’d be Tarik Skubal – but perhaps the most Guardians-y pitcher on the market, a pitchability-and-command lefty who doesn’t throw hard but still gets outs. Read the rest of this entry »

It’s trade deadline season, which means that it’s time for an annual tradition: the Astros somehow scraping together enough interesting young talent to trade for some much-needed major league improvements. This time around, they’re acquiring Daulton Varsho from the Blue Jays in exchange for Spencer Arrighetti, as Mitch Bannon of The Athletic first reported.

Varsho has a delightful positional history. He came up as a catcher, was one of the more fun multi-positional players in the league for a stretch, and then became one of the best defensive outfielders on the planet. He’s now a plus defender in center or an elite one in a corner; he’ll play center most of the time in Houston, stabilizing a position that’s been one of the worst in the majors this year. Jake Meyers was the presumptive starter, but he missed more than a month with an oblique strain and flirted with the Mendoza Line when healthy. The ‘Stros finally optioned him to the minors at the start of July, and in his place, they’ve run out a sampler platter of backup plans: Brice Matthews, who’s posted a 61 wRC+ and is currently on the IL, Taylor Trammell, a fourth outfielder type and not really a center fielder defensively, and even Lucas Spence, a fringe prospect who definitely does not look ready for the big leagues.

In other words, acquiring Varsho is mostly about not having a sinkhole of a position in the middle of the outfield. From that perspective, just by showing up he’s going to fulfill his end of the bargain. He’s Houston’s best outfield defender right away, and unless Yordan Alvarez is getting a rare day in the field, he’s probably their best-hitting outfielder too. Cam Smith has scuffled offensively for his whole big league career at this point, and the LaMonte Wade Jr./Zach Dezenzo platoon in left field isn’t exactly fearsome. Read the rest of this entry »

I know, I know. I, too, wish the Tampa Bay Rays had traded for Tarik Skubal. But they didn’t, and it’s not in their nature if we’re being honest. The Rays aren’t the type to trade for one big hammer. They prefer to one-red-paperclip it, and that’s exactly what they’ve done this deadline. First, they traded for Freddy Peralta. Now, they’ve added some sorely needed offensive help by acquiring Liam Hicks from the Marlins in exchange for prospects Jacob Kisting, Adrian Santana, and Brayden Taylor, as Jeff Passan first reported.

The Tampa Bay side of this equation is pretty simple. Their catching duo of Hunter Feduccia and Nick Fortes hasn’t been good enough. Fortes has been reasonable as the righty half of a platoon, but Feduccia has scuffled to an 82 wRC+ even getting good platoon matchups. Catcher probably wasn’t the weakest part of their lineup – frankly, there are a lot of holes to patch here – but it was definitely an area of need. If the Rays are going to keep a hold on the AL East, they’ll have to score more runs in addition to continuing to pitch well, and playing a good hitter at catcher is a good way to start.

Hicks was a late bloomer who didn’t debut until last year at age 26, but he has a long track record of plus offense from behind the plate. He hit throughout his minor league tenure but never received a call-up because of questions about his defense. The Marlins took him in the Rule 5 draft in December 2024, plugged him in as the big half of a platoon, and let him cook. His defense was predictably weak – so weak that he ended up rotating between catcher, first base, and DH – but the bat played right away. Read the rest of this entry »

Exercising your brain via puzzles and brain teasers is a good way to stay sharp. Studies repeatedly show that solving difficult problems and applying critical reasoning skills build patterns and help fight off some of the effects of aging. So congratulations to me and to the Phillies front office – and to you, since you’re reading this article. Philadelphia acquired Luis Arraez in a deadline deal on Monday, and now we all have to wrack our brains around where the team is going to play him.

The full trade, as reported by Bob Nightengale: The Giants send Arraez and reliever Caleb Kilian to the Phillies in exchange for pitchers Ramon Marquez and Marty Gair. The main attraction in this foursome is Arraez, who has rejuvenated his career in a Giants uniform after a few years in the wilderness. He signed with the Giants because they were one of the few teams who wanted him to play second base, as opposed to first base, the spot where he’d spent most of his time in recent years. That experiment has gone exceedingly well, and Arraez has also recaptured some of his offensive spark. The result is his best season, as measured by WAR, with two months left to go.

His appeal to the Phillies is straightforward at a base level: They need to add some good hitters, basically. Their lineup has a lot of big names, but it also has a depth issue. Prior to the Arraez trade, five of their everyday starters had below-average offensive lines on the season, and that doesn’t count Bryan De La Cruz, who has hit well in eight games with the team. Philadelphia is on course to score its fewest runs per game (by a lot) since before Bryce Harper signed with the team in 2019; in other words, this is the worst Phillies offense of the current era. Read the rest of this entry »

Sometimes, the trade deadline doesn’t need to be complicated. Sometimes the best team in baseball goes out and gets the best player available, perhaps the best pitcher in the game. The Dodgers, two-time defending World Series champions and tied with the Brewers for the most wins, are upgrading their rotation as much as it’s possible to upgrade it. On Saturday, they acquired Tarik Skubal from the Tigers in exchange for prospects Zyhir Hope, River Ryan, and Brady Smith, as Jeff Passan first reported.

The entire trade deadline has revolved around Skubal, the best player available time of year in ages. And who better to trade for him than the Dodgers, who have one of the deepest farm systems in baseball in addition to their major league riches? Oh, other teams can see Skubal’s magnificence just as plainly as Los Angeles can, and they have prospects too. But Andrew Friedman and the Dodgers make a habit of winning trade sweepstakes like these, with Manny Machado, Max Scherzer, and Trea Turner being the best other examples.

One ancillary effect of paying a bunch of stars to play for you is that you have fewer available roster spots for your minor leaguers to graduate into. That cuts both ways – there also aren’t enough at-bats to go around for young players – but the benefit is that the Dodgers don’t need to build their playoff lineup with three or four slots filled by pre-arbitration players. It naturally leads to trades; the Dodgers don’t have as many opportunities to hand to their own minor leaguers, because they keep having such good major leaguers. That means that they’re incentivized to go out and make trades just like this one, which leaves even less room for the good minor leaguers, which leads to…. well, you get the idea. Read the rest of this entry »

I came into this week with a ton of trade deadline hype built up in my brain just waiting to spill onto the page the first time I had a deal to analyze. I had some clever turns of phrase, some bon mots (or “annoying puns,” if you’re not into it), and next week, you’ll surely get to hear those. But they’re staying in the proverbial writer’s quiver today, because the trade I’m analyzing is more of a mystery than a blockbuster. The trade in question: the Rangers acquired Logan O’Hoppe and Chase Silseth from the Angels in exchange for Low-A infielder Angel Arredondo, as Jeff Passan first reported.

The Rangers have lurched into the AL West lead in recent weeks, turning aside the equally-scuffling A’s and Mariners while trying to hold off the surging (surging to a .500 record, to be fair) Astros. They have one of the worst catching situations in the majors – the 0.2 WAR their catchers have accrued is 27th in baseball. So surely, that’s the play here, I innocently thought as I saw this trade cross the tape. But that was a red herring, the first twist in a deal full of them.

O’Hoppe was a catching prospect of some note, a late-round Philadelphia draft pick in 2018 who ascended to Top 100 prospect status and then got swapped straight up for Brandon Marsh in 2022. He hit well enough to cover up some defensive shortcomings in his first few seasons of injury-interrupted work, but then he posted a 72 wRC+ in 2025, dragging his total contributions below replacement level. He’s hitting .209/.271/.295 this year, good for a 59 wRC+, and is below replacement level again. In fact, the Angels have accrued negative WAR at catcher, so they’re hardly where the Rangers should be looking for improvement. And indeed, as I tried to puzzle through how much of an upgrade O’Hoppe would even be, the Rangers rendered my thinking moot: They optioned O’Hoppe to Triple-A. Read the rest of this entry »

The Nationals have been one of my favorite teams to watch this season. Their offense has been spectacular, the best in the majors in multiple statistical categories. They’re scoring 5.48 runs per game, which easily paces the league. Even better for my viewing purposes, they rarely play a dull game. That’s because their pitching staff allows nearly as many runs as their offense scores. They’ve allowed the third-most runs in the majors this year, an ugly 5.21 per game.

This combination of amazing hitting and questionable pitching has given the Nationals their best shot at making the playoffs since they won the World Series in 2019. It also makes their goals at the trade deadline simple: Get more pitching. But before the Nats decide who to acquire, they need to figure out who to replace. That means the question I’ve been wondering in recent months is also surely of great interest to the DC decision-makers. That question: Is Cade Cavalli this good?

The majority of the Washington rotation is easy for me to evaluate. Foster Griffin? Pretty good! He came back from a three-year stint with the Yomiuri Giants this winter, and the six-pitch mix he developed there has served him well. Nothing he throws will wow you, but he has good command of it all and uses everything well. Sure, he’s not as good as his 2.76 ERA, but pretty much every other ERA estimator has him in the mid-to-high threes. The Nats, again, are allowing more than five runs a game. He’s an outlier relative to the rest of the pitching staff. Read the rest of this entry »