As is tradition at FanGraphs, we’re using the lead-up to the trade deadline to take stock of the top 50 players in baseball by trade value. For a more detailed introduction to this year’s exercise, as well as a look at the players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.
For those of you who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2026-2030, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which their team has contractual control of them, last year’s rank (if applicable), and then projections, contract status, and age for each individual season through 2030 (assuming the player is under contract or team control for those seasons). Last year’s rank includes a link to the relevant 2024 post. Thanks are due to Sean Dolinar for his technical wizardry. At the bottom of the page, there is a grid showing all of the players who have been ranked up to this point.
A note on the rankings: As we ascend towards the top of the list, the tiers matter more and more. There are clear gaps in value. Don’t get too caught up on what number a player is, because who they’re grouped with is a more important indicator. The biggest split so far in the rankings is between 20-29 and 31-50, the Ketel Marte pivot. I think that all the players I’m discussing today fall in a relatively narrow band, though with meaningfully different risks and upsides. I’ll note places where I disagreed meaningfully with people I spoke with in calibrating this list, and I’ll also note players whose value was the subject of disagreement among my contacts. As I mentioned in the Introduction and Honorable Mentions piece, I’ll indicate tier breaks between players where appropriate, both in their capsules and bolded in the table at the end of the piece.
As is tradition at FanGraphs, we’re using the lead-up to the trade deadline to take stock of the top 50 players in baseball by trade value. For a more detailed introduction to this year’s exercise, as well as a look at the players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.
For those of you who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2026-2030, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which their team has contractual control of them, last year’s rank (if applicable), and then projections, contract status, and age for each individual season through 2030 (assuming the player is under contract or team control for those seasons). Last year’s rank includes a link to the relevant 2024 post. Thanks are due to Sean Dolinar for his technical wizardry. At the bottom of the page, there is a grid showing all of the players who have been ranked up to this point.
One note on the rankings: Particularly at the bottom of the list, there isn’t a lot of room between the players. The ordinal rankings clearly matter, and we put them there for a reason, but there isn’t much of a gap between, say, the 38th-ranked player and the guy who would have been 58th if the list went that deep. The magnitude of the differences in this part of the list is quite small, though it picks up around no. 30, as I’ll discuss today. Several of the folks I talked to might prefer a player in the Honorable Mentions section to one on the back end of the list, or vice versa. I think the broad strokes are correct, and this is my opinion of the best order, but with so many players carrying roughly equivalent value, disagreements abounded. I’ll note the places where I disagreed meaningfully with the people I spoke with in calibrating this list, and I’ll also note players whose value was the subject of disagreement among my contacts. As I mentioned in the Introduction and Honorable Mentions piece, I’ll also indicate tier breaks between players where appropriate, both in their capsules and in the table at the end of the piece.
As is tradition at FanGraphs, we’re using the lead-up to the trade deadline to take stock of the top 50 players in baseball by trade value. For a more detailed introduction to this year’s exercise, as well as a look at the players who fell just short of the top 50, be sure to read the Introduction and Honorable Mentions piece, which can be found in the widget above.
For those of you who have been reading the Trade Value Series the last few seasons, the format should look familiar. For every player, you’ll see a table with the player’s projected five-year WAR from 2026-2030, courtesy of Dan Szymborski’s ZiPS projections. The table will also include the player’s guaranteed money, if any, the year through which their team has contractual control of them, last year’s rank (if applicable), and then projections, contract status, and age for each individual season through 2030 (assuming the player is under contract or team control for those seasons). Last year’s rank includes a link to the relevant 2024 post. Thanks are due to Sean Dolinar for his technical wizardry. At the bottom of the page, there is a grid showing all of the players who have been ranked up to this point.
One note on the rankings: Particularly at the bottom of the list, there isn’t a lot of room between the players. The ordinal rankings clearly matter, and we put them there for a reason, but there isn’t much of a gap between, say, the 38th-ranked player and the guy who would have been 58th if the list went that deep. The magnitude of the differences in this part of the list is quite small. Several of the folks I talked to might prefer a player in the Honorable Mentions section to one on the back end of the list, or vice versa. I think the broad strokes are correct, and this is my opinion of the best order, but with so many players carrying roughly equivalent value, disagreements abounded. I’ll note places where I disagreed meaningfully with the people I spoke with in calibrating this list, and I’ll also note players whose value was the subject of disagreement among my contacts. As I mentioned in the Introduction and Honorable Mentions piece, I’ll also indicate tier breaks between players where appropriate, both in their capsules and in the table at the end of the piece.
“Who you got?” It seems like such a simple question. If you’ve ever swapped baseball cards during recess or tried to pick somewhere to eat on a Friday night, you’ve asked yourself this. The choice between two options seems easy. But then you add a third option, and a fourth, and a 139th, and suddenly you’re obsessing over whether you’d prefer your third-favorite Thai restaurant to your fourth-favorite Italian place. Or perhaps, if you’ve used our newcrowdsourced trade value tool, you’re deciding between CJ Abrams and Andrew Abbott. Making decisions is hard!
Welcome to the 2025 edition of our annual Trade Value series. Starting today and continuing all week, we’re releasing our list of the 50 most valuable players in baseball, taking player performance, age, and contract into account. Dave Cameron, Kiley McDaniel, Craig Edwards, and Kevin Goldstein have all headlined this column before; this is my fourth year doing it on my own.
Of course, “on my own” is a bit of a misnomer. The process of building this list starts with me gathering every possible input I can find: age, contract status, measures of current production, estimates of future production, Statcast data, pitch-level modeling, scouting reports – if it can be written down, I try to consider it in my first pass. I use all of those inputs to come up with an initial quantitative ranking, then hone that ranking by diving deeper into individual player comparisons. After I have things in good order, I consult with the FanGraphs staff to refine my thinking further. (Special thanks are due to Dan Szymborski for his ZiPS assistance, Eric Longenhagen for being a frequent sounding board as I iterated on the list, Meg Rowley for her help shepherding it through to publication, and Sean Dolinar for his technical assistance.) Next, I reach out to sources on the team side. Here I try to gather perspectives on player value from organizations that have different methodological leanings, different budgets and goals, and that are in different places in the competitive cycle. Read the rest of this entry »
This week’s All Star break is a rare gap in the baseball calendar, a chance for everyone to catch their breath before the thrill of the trade deadline — and, if you’re a FanGraphs reader, maybe the thrill of the trade value series, too. It’s also a week with very little baseball, which means the normal format for Five Things will have to take a break. Instead, here are five things that I’m looking forward to in the second half of the season, from trade deadline trendsetters to silly leaderboards to my favorite young star.
A quick programming note before we continue: No Five Things for the next two weeks, and instead of my regularly scheduled chat appearance on Monday, we’ll have a jumbo-length trade value chat next Friday at the conclusion of the series. Five Things will be back on Friday, August 8, the first week after trade season winds down.
1. Who Will Sell First?
There are six teams hanging onto the fringes of the playoff chase, three-plus games back of the final wild card spot. Most of those teams are in win-now mode, which means they all have interesting players to trade if they pivot to selling. Only one of them can move first, though.
In the AL Central, the entire middle of the division is below .500 and on the ropes. But if all three teams are intent on competing next year – and they all appear to be – they might not have much to offer. Seth Lugo is the best player on an expiring deal, but despite their 11.7% playoff odds as of Thursday afternoon, the Royals might decide to stand pat. They’re right in the middle of the peak Bobby Witt Jr. contention years and wouldn’t get an earth-shaking return back for dealing Lugo. So why not take a slim shot at the playoffs with their current roster? It’s a close call, though I’d probably trade him.
Neither the Guardians nor the Twins have many attractive pending free agents, but in recent days, Joe Ryan has been the subject of trade rumors. Minnesota certainly doesn’t have to deal him; he has two more arbitration years after this season.
That leaves two teams as the likely movers and shakers with multiple good players to trade: Arizona and Baltimore. The Diamondbacks are three below, and with Corbin Burnes out for the year, they’re not at full strength anyway. They also have a treasure trove of players on expiring contracts; Eugenio Suárez is the best hitter even possibly available at the deadline, plenty of pitching labs would love to work with Zac Gallen, and Merrill Kelly and Josh Naylor are proven veteran contributors. Read the rest of this entry »
Every July, FanGraphs releases our annual Trade Value Series highlighting the top 50 players in baseball, taking contract status and performance into account. For the past four years, I’ve been in charge of this exercise, with liberal amounts of help from the rest of the FanGraphs staff and some contacts on the team side. This year, I’ve got company. For the first time, FanGraphs readers will be creating their own trade value list. Read the rest of this entry »
Welcome to another edition of Five Things I Liked (Or Didn’t Like) This Week. Today that title is a bit of a misnomer; I got back from vacation Monday night, so I saw very little baseball before Tuesday. That said, I didn’t need to see very much to have a great time. This week has been awesome. Home runs both mammoth and inside-the-park, great baserunning by slow guys, bad baserunning by slow guys, reflex plays and dekes; the list goes on and on. We might need the All-Star break just to catch our collective breath before a bustling trade deadline and sprint to the finish. For now, though, let’s just marvel at the week – after my customary nod to Zach Lowe of The Ringer, of course.
1. Unconventional Double Plays Cody Bellinger has been great addition to the Yankees after they acquired him for peanuts over the winter. He is flashing the offensive prowess that has come and gone over the years, and with Trent Grisham manning center, he is playing the corner outfield more than he has in the past. His glove isn’t as good as it was at his peak, but putting a center fielder in left is still a plus for your team defense, as the Mets learned on Sunday. This Juan Soto line drive would have been a hit against almost anyone else:
Statcast gave it a 25% catch probability, and I think it was probably even harder than that. Catch probability measures how far Bellinger had to run and how much time he had to do it, but that ball was absolutely scalded and had so much topspin that it was hooking down hard in the brief time it was in the air. He caught it by the very end of the webbing; “baseball is a game of inches” is usually about the bat hitting the ball or a bang-bang play, but in this case, one inch separated a catch from extra bases:
Oh yeah, then this happened:
That throw is as good of a play as the catch! At full extension, stretched out awkwardly to secure the ball, Bellinger still managed to find first base on the run and unleash an absolute seed that hit Paul Goldschmidt right in the glove on the fly. Making that catch was hard enough. Making it without falling was even harder. Making it without falling and then throwing a frozen rope on target? Almost unthinkable.
Even after that catch, even with that throw, you might wonder why Francisco Lindor got doubled off. Partially, he couldn’t believe anyone could catch that line drive. Partially, too, he got deked. Goldschmidt no-sold the play, barely moving his glove until he absolutely had to. This isn’t the body language of a guy desperate to turn a double play:
That’s not the perfect angle, but you get the idea. The rhythm of this play, to Lindor, didn’t feel like the kind where he’d need to sprint and dive back to first. When someone makes a play that good, you turn around and go back, but what are they going to do, unleash an off-balance missile while the first baseman you’re staring at barely moves? Apparently, yes!
2. Irrational Exuberance Vladimir Guerrero Jr. is not a good baserunner. That’s not an opinion. He’s been below average in each year of his major league career. He has 24 career steals and has been caught stealing 12 times. He’s slow, and he hits into a lot of double plays. But despite all that, Vlad likes to run. Give him the chance, and he’ll take off. Take Wednesday, for example. Guerrero took advantage of an errant pickoff throw to scamper to second:
You’ve seen that play a million times. Everyone was pretty relaxed about it; in the game audio, you can actually hear Jays first base coach Mark Budzinski calmly telling Vlad “go ahead, go ahead.” But the play wasn’t over:
Yeah, don’t do that. I’ve already mentioned that Guerrero isn’t fleet of foot, but it also took him forever to get moving; acceleration isn’t a strength either. Watch his feet – his first step was actually backwards, out into right field. Adrian Houser was on the wrong side of the mound, but Vlad just didn’t have enough straight line speed to make it matter. To make matters even worse, that was the third out of the inning, at third base, with Addison Barger — one of the teams’ hottest hitters — at the plate. Against the White Sox! Don’t do this.
Don’t do this either:
Now, to be fair, this is a tougher play than before. The underlying cause, though, is similar: a belief that baserunning is easier than it actually is. Elite runners might be safe there. That said, elite runners are a lot faster, and better at sliding, and they’d probably take two steps to their left to better block the throwing lane. That should be an extremely difficult throw for a right-handed first baseman, instead of the easy pitch-and-catch that it was. And once you’re dead to rights, well, hitting the brakes and retreating is a better option than starting your slide so early. You probably won’t survive the rundown, but you might stay in it long enough to give the runner on third time to score before you’re tagged for the final out of the inning.
To Guerrero’s credit, he did try a nifty maneuver at second that nearly rescued the whole thing:
Again, though, leave the high-difficulty baserunning stunts for the high-talent baserunners. Both of these decisions would be excellent if, say, Trea Turner had made them. Knowing what you can accomplish is a key part of accruing value on the bases. Watching what happens when that crucial step doesn’t occur sure is fun for a neutral observer, though.
3. One-up-manship Kyle Schwarber had himself a game on Tuesday night. He went 2-for-4 with a double and a home run, and that homer was outrageous. Not only did he hit it into McCovey Cove, but he did so more or less flat-footed:
He even showed off another facet of his game an inning earlier, swiping second base off a distracted Robbie Ray:
That brought Schwarber to nine steals on the year, with only one caught stealing. He’s one of the slowest runners in baseball, but he understands the proper application of that speed, generally stealing bases off pitchers who forget about him. He’s not a particularly good baserunner overall, but he’s been picking smart spots to go this year.
One batter later, though, Schwarber tried to double up on his baserunning feat by swiping third. Enter Patrick Bailey:
Schwarber had a great read on Ray; he got an excellent jump in a great spot to steal, with the batter screening the catcher at the plate. Bailey just did everything he had to do that much better:
Watch his footwork there. He cleared batter Alec Bohm and got his lead foot planted at the back of the batter’s box while he was catching the ball. The catch and transfer were both perfect, letting him throw in rhythm. The throw? A laser beam to Matt Chapman’s glove for a tag that got Schwarber by an inch or two. I don’t think Schwarber could have done anything better; he just got beat by perhaps the best defensive catcher in the game.
Bailey is having a miserable season at the plate, but he even outdid Schwarber there, too. The Schwarbomb in the seventh put the Phillies up 3-1, and the score stayed there until Bailey batted with one out in the ninth. Then, well:
It’s hard to imagine a more exciting walk-off than that, and it made for the perfect kicker to this game. Sure, Schwarber had a stolen base and two-run homer, but Bailey had a caught stealing and a walk-off, three-run, inside-the-park homer. Real “anything you can do I can do better” vibes.
4. Two-Way Excellence
Oh, you like inside-the-park home runs? Northern California has your back:
That’s Lawrence Butler leading off the home half of the first for the A’s with an only-in-Sacramento play. It involved the ball kicking off of a chain link fence section of the wall and eluding the entire Braves outfield. That let Butler score even with one of the most nonchalant starts to an inside-the-parker you’ll ever see:
That’s the stride of someone who thought he hit the ball out of the park, but the crazy carom and Butler’s speed made it all work in the end. That’s been a hallmark of his game this year, in fact. He’s not the best defender in the world, but he’s got enough range and instincts to make up for a scattershot arm. He has plenty of swing-and-miss in his game, but he has enough plate discipline to keep his strikeouts from capsizing his offensive contributions. He’s a savvy baserunner capable of hitting top speed faster than you’d think. And he has enough power to make up for any small flaws elsewhere:
Inside the park? Outside the park? Butler has the speed/power combination to accomplish both. He looks like a nice building block of the next good A’s team – not this year’s team, of course, but maybe next year’s. After 1,000 major league plate appearances, it seems pretty clear that he’s a solid all-around player but not quite a star. That’s just fine for both the contract and the prospect pedigree, though – and as a huge bonus, he’s tremendously fun to watch. More home runs like these, please.
5. Raw Power
More home runs like these, too. Jac Caglianone was playing college baseball last year. The sixth pick in the 2024 draft, he looked more like a developmental stash than a plug-and-play star. He played both ways in college, though he was clearly a lot better offensively, and the Royals drafted him with that in mind. But he was raw, with iffy command of the strike zone and a swing-first mentality that led to ugly swings over sliders.
A whirlwind tour of the minors – 158 wRC+ in Double-A, 164 in Triple-A – convinced Kansas City to call him up at the beginning of June. Through just over a month of play, the results have been disappointing; Caglianone is hitting .151/.205/.286, for a 31 wRC+. But the results are lying. He’s been much better than I thought he’d be, to be quite honest. He’s running a 22% strikeout rate, far lower than I would have expected given that he’s chasing 41% of the pitches he sees outside the strike zone, one of the worst marks in the big leagues. The stats might be rough, but the process isn’t; by xwOBA, he’s been about an average hitter, rather than 70% below average, thanks to his prodigious exit velocities.
In other words, over the long run. Caglianone is going to hit for a lot of power. He’s already hitting the ball very hard, in fact, he just hasn’t quite harnessed that into doubles and dingers. But oh my god, have you seen what it looks like when he gets hot? Tuesday night, he did this:
If you want to know how scalded that ball was, watch the outfielders. Those are courtesy jogs, not “maybe I can get this one” sprints. That was 114 mph off the bat, the kind of home run that only the Judges and Stantons of the world can consistently pull off. When you hit the ball that low (19 degrees), it’s hard to leave the stadium. Caglianone is part of that group of elite power hitters already.
One hard-hit ball often begets another. His results so far have been poor, but he’s clearly close to unlocking something. If you leave a pitch over the middle of the plate against Caglianone, it’s going to travel a long way. Look at this nonsense from the next day:
That’s not a reasonable place to hit a home run. It went 466 feet, some real Bo Jackson stuff. I had the volume cranked up on this game, and the crack of the bat was so thunderous that the entire crowd went “ooooh” in unison. He might not have hit that ball quite as hard as the previous one, but he got it at the perfect angle and still tattooed it. His power binges are park-proof; Kaufmann Stadium is the stingiest stadium in baseball for left-handed power hitters, but if you hit the ball as hard as Caglianone does, it doesn’t matter where the fence is.
I didn’t think Caglianone was going to hit the majors this quickly. I’m still kind of surprised at how well he’s adapted to big league pitching; he’s getting attacked relentlessly on the inside part of the plate and chasing 40% of the time, and yet still running reasonable strikeout rates. But I’m not at all surprised at how fun he is to watch – and I can’t wait for more rainmaking home runs, and more mob movie celebrations in the dugout:
Michael Busch had a pretty nice 2024. In his first taste of everyday playing time in the majors, he hit .248/.335/.440 and socked 21 homers on the way to a 118 wRC+. After years spent in the minors in the Dodgers system, he looked to finally be delivering on his high-strikeout, high-BABIP, high-doubles promise. The Cubs penciled him in as their everyday first baseman. That’s not an imposing batting line, but it’s better than average, so the team spent its winter trading for Kyle Tucker, not trying to upgrade from an already-acceptable situation at first base.
You’ll notice that I said high doubles instead of high power. That’s because Busch had desultory bat speed numbers; he was in the 24th percentile with a 70.3-mph average swing speed. It wasn’t an issue of him having a hard swing and a soft swing that he deployed at different times, either. His fast-swing rate, or the percentage of his swings measured at 75 mph or higher, was a mere 11.3%; league average is around 23%. Busch was adept at getting his barrel to the ball and posting good exit velocity numbers, but that’s generally a recipe for doubles instead of homers. He hit 28 doubles, two triples, and 21 home runs last season, about what was expected from his profile. He got the ball in the air a lot and still hit for a high BABIP – sounds pretty good to me.
What do you think Busch could do to improve his performance in 2025? My immediate answer: Swing faster and hit more homers. Hey, check it out! Busch has already hit 18 homers this year in just over half a season. He’s on pace to shatter his performance last season in pretty much every statistic. He’s hitting .297/.382/.562 with a 165 wRC+. There’s just one problem with my swing-hard-and-prosper theory: He’s not swinging harder. Read the rest of this entry »
Welcome to another edition of Five Things I Liked (Or Didn’t Like) This Week. I got a chance to see many of my favorite baseball happenings this week: catchers making tough plays, exciting pitching matchups, and stars of the game at their absolute best. We also have plenty of goofy but delightful coincidences, just as Five Things patron saint Zach Lowe intended. A quick programming note: I’ll be on vacation, a nice restorative pre-deadline trip, for the next week and change. Enjoy baseball in the meantime – it’s a wonderful time of year for it.
1. Athletic Catchers
It’s amazing how much baseball knowledge your brain absorbs without actively thinking about it. For example, when you see an outfielder throw the ball home to cut down a runner trying to score on a single, you’ll immediately anticipate that the batter who hit that single might try to advance to second base. You might not even realize you’re thinking this. It’s just the natural timing of the sport. Long throw, cutoff man missed — how in the world is the catcher going to attempt a tag and then find a way to get the ball down to second base? It just doesn’t happen.
Or, well, it’s not supposed to happen. But Carlos Narváez doesn’t care what heuristics are stored in your brain:
What a weird play. The Red Sox correctly played to prevent the runner from scoring, and that let Wilmer Flores round first and get a great look at the play at the plate to see if he should advance. Right around this point, Narváez seemed to have no shot at throwing out Flores:
