The Yankees had a busy deadline season. Whether trading for Ryan McMahon, patching smaller holes, or adding top relievers, they were in the news seemingly every day for adding to the 2025 club. As the deadline approached, they looked at their roster and decided that merely adding wasn’t enough. Thus, they finessed a roster reshuffle Thursday afternoon, acquiring utility infielder José Caballero from the Rays and trading utility infielder Oswald Peraza to the Angels.

Let’s start with Caballero. A plus-fielding, slap-hitting nuisance (complimentary), he has been a perfectly serviceable utility infielder in two-plus years of big league play. He has below-average raw power and a patient approach at the plate, which can result in some ugly strikeout numbers when pitchers challenge him early in the zone and he takes. Though he’s good at elevating the ball, it’s rarely with much authority, and he never quite worked out the Isaac Paredes trick of turning mediocre raw power into pulled homers. He was still a league-average contributor overall, though, because the rest of his game is excellent.

No matter which metrics you subscribe to, Caballero is a plus defender across the infield. He started playing the outfield this year and took to it quickly. He’s a pretty good bunter, if you’re into that; if you need someone to come off of the bench in a late-and-close situation and advance the runners, he’s your guy. Read the rest of this entry »

On June 30, the Rangers lost to fall to 41-44, 10th place in the American League. Then they turned it on. Since the calendar flipped to July, they’ve gone 16-8 and rocketed into the playoff picture. They’re tied with the Mariners for the last AL Wild Card spot. With their sights now set on thriving in October, they needed to reinforce a pitching staff that has been quite good up top but got shakier as you went down the depth chart, and the Diamondbacks were happy to oblige. As Ken Rosenthal first reported, the Rangers are getting Merrill Kelly in exchange for Kohl Drake, Mitch Bratt, and David Hagaman. They also acquired Danny Coulombe and Phil Maton in separate deals to shore up the middle of their bullpen.

Texas has a famous starting rotation. The two stars, Jacob deGrom and Nathan Eovaldi, need no introduction. Second on the team in innings, slightly ahead of Eovaldi? That’d be World Series winner Patrick Corbin, famous both for his high highs and low lows. The back of the rotation? Jack Leiter and Kumar Rocker, famous college teammates before they were famous prospect teammates. But Leiter and Rocker have been flat this year, and Corbin was bad enough for long enough that I’d be a little scared of counting on him. Tyler Mahle, another celebrated Rangers starter, has been out since June. Jon Gray is headed for free agency and has perhaps been banished to the bullpen for the remainder of 2025. And it’s not like deGrom has been the paragon of health over the last few years.

Kelly lengthens the playoff-ready portion of Texas’s rotation immediately. His career 3.74 ERA and 3.97 FIP are accurate representations of his work, as are his 22% strikeout rate and 7.4% walk rate. In other words, he’s a perfect mid-rotation arm, better than average (he’s managed a 3.22 ERA and 3.53 FIP this season) but squarely short of an ace. He’s 36 and a free agent after this year, which limits his return somewhat, but he’s a dependable playoff starter and thus a very desirable deadline target. Read the rest of this entry »

It was shaping up to be a boring trade deadline day, with the most interesting rental, Eugenio Suárez, already off the board and no huge prospects or stars in play. But the San Diego Padres don’t limit themselves to the guys that everyone knows are on the block. They swung a massive, unexpected deal earlier today, getting Mason Miller and JP Sears from the Athletics in exchange for Leo De Vries, Braden Nett, Henry Baez, and Eduarniel Núñez, as ESPN’s Jeff Passan first reported.

Miller burst onto the scene last year with one of the great relief seasons of the decade. He ramped up his fastball to nuclear velocities, sitting 100-101 mph and topping out above 103 en route to a 41.8% strikeout rate and a 2.49 ERA with peripherals that were even better. He did all that over 65 innings, a career-high workload for the 2021 draft pick. His fastball is a pitch modeler’s dream, all backspin and flat approach angle, and his slider is nearly unhittable for batters thinking “don’t get put on a poster by this fastball” from the minute they step into the box.

Miller’s 2025 encore hasn’t gone quite as well. For relievers not named Mariano Rivera, that tends to be the case. He’s still breathing as much fire as ever, but he’s aiming it a bit less effectively, and his walk rate has ballooned from 8.4% to 11.9%. Oh, don’t get me wrong, he’s still been very effective. Did you miss the part where I said he throws 103 with great shape and mixes in a nasty slider? Of course he’s still been effective. The decline has only been on the margins — ERA estimators in the high 2.00s instead of the low 2.00s, a low strand rate, and bam, suddenly he has a 3.76 ERA instead of a 2.49 mark. His stuff still looks really good, it’s just hard to maintain a two-handle ERA. Those are the numbers you put up when things go right, and 2025 seems more like an average year for Miller.
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The trade deadline is a time for handling needs both big and small, and the Astros and Orioles got in on the latter half of that on Wednesday night. Houston acquired Ramón Urías from Baltimore in exchange for prospect Twine Palmer. Urías shores up third base for the Astros, who will be without the injured Isaac Paredes for at least two months and potentially the whole season.

Urías is six years into a major league career that didn’t start until he was 26, and he’s been something of a utility infielder for most of that time. Third base is his most frequent home, but he’s played 500 innings of second, 400 innings of short, and 100 innings of first base, too. He’s a roughly league average hitter and a roughly league average fielder at second and third, though overmatched at shortstop. In short, he’s a competent veteran with little ceiling but plenty of floor.

That suits Houston’s needs just fine from my perspective. With a packed-to-the-gills IL (Paredes, Jeremy Peña, Yordan Alvarez, Jake Meyers, and no fewer than eight pitchers), the Astros need warm bodies. Their most recent pre-trade lineup featured Victor Caratini at first base, Mauricio Dubón at third, Cooper Hummel in left field, and Zack Short at short. (They drubbed the Nationals 9-1 anyway.) Caratini is a nice rotational catcher with a career 90 wRC+, and Dubón is a competent utility player himself, but Hummel and Short have accrued a combined -3.0 WAR in their major league careers.
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I’m not going to sugarcoat it, it’s been a slow week for deadline trades. The way the haves and have-nots line up this year, impactful additions are few and far between. The teams out of the playoff picture don’t have a lot to give up, and the teams with intriguing rental players are mostly already in the race. But the Pittsburgh Pirates, consistent innovators in ways to do weird things without contending, have entered the fray by trading Ke’Bryan Hayes to the Cincinnati Reds in exchange for Taylor Rogers, minor leaguer Sammy Stafura and cash considerations, as Mark Feinsand first reported.

Hayes is about as far from a deadline rental as you can imagine. He signed a lengthy contract extension in April 2022 and is still on that deal; he’s under team control through as long as 2030, in fact, and for cheap! He’s due an average of $7.5 million annually for the next four years, and the pact’s 2030 club option is for just $12 million with a $6 million buyout. That’s the kind of deal that gets teams salivating: long team control at rates that would barely get you a good middle reliever in free agency.

It gets better! Hayes is one of the best defenders in baseball. Since his 2020 debut, he leads all major leaguers with 73 Outs Above Average. Think that’s a fluke? He leads all major leaguers in Defensive Runs Saved – by 28 runs! The distance between him and second place is the same as the distance between second place and 25th. There are plenty of good third basemen with good defensive numbers. Hayes is head and shoulders ahead of all of them, unquestionably, and he’s lapping the third base field again this year, with 15 OAA (second place is four guys tied with four). Read the rest of this entry »

Two weeks ago, we launched our new crowdsourced trade value tool, which aggregated responses to simple “Which of these two players do you prefer?” questions to create a composite trade value ranking across our readership. With your help, we logged nearly 900,000 matchups – 897,035, to be precise. Now that the Trade Value Series is in the books, it’s time to see how the broader FanGraphs audience lined everyone up. Today, I’ll walk you through how to access and interpret your results, which can be found here, and share a few interesting tidbits about the places where the crowd and I agreed or differed.

Let’s start with the exercise itself. We sampled up to 500 results from each user’s set of submissions and threw them all into one big group of matchups. We ordered those matchups randomly, then used Elo ratings to turn the matchups into an ordered list. Then we redid the random ordering a total of 100 times and averaged the results, which got rid of Elo’s bias towards more recent matchups. That created a list of the crowd’s aggregate preferences. When you open the above link, the first thing you’ll see is your own results in full. I, for example, came pretty close to matching my official list:

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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 reach the top of the list, the tiers matter more and more. There are clear gaps in value. Don’t get too hung up on what number a player is, because who they’re grouped with is a more important indicator. There are three distinct tiers in today’s group of 10 players, and I think they have clearly different valuations; I’d prefer everyone in a given tier over everyone below it, but I’m far less certain within each group. There’s one exception here: the second- and third-ranked guys absolutely belong at the top of their tier. 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.

With that out of the way, let’s get to the final batch of players. Read the rest of this entry »

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. Today, the rankings pivot around Tarik Skubal. The players listed ahead of Skubal belong in a different tier than the players behind him; I’m a lot less picky about how you’d order them within those groups. Additionally, Skubal himself has some flex room, as I’ll explain in the blurbs. This high on the list, though, everyone is great. There are no injury rebounds, no stars having awful years. Everyone here is playing well right now, and everyone except Skubal will be around for a while too. 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.

With that out of the way, let’s get to the next batch of players. Read the rest of this entry »