A little over a year ago, Brian Duensing signed a one-year contract with the Cubs worth $2 million. That’s hardly the kind of commitment that would break the Cubs’ bank, but it was still somewhat surprising that Duensing got such a guarantee, given that he was aging, and hadn’t been very good. He had thrown just 13.1 big-league innings in 2016, and that season he injured his elbow while moving a chair. It wouldn’t have been hard to see Duensing end up as a spring-training NRI. The Cubs, though, took a chance.

It worked out! Duensing had a good year. Appeared in 68 games. Did well. And now Duensing has re-signed, for two years and…$7 million. Compared to the previous contract, it’s more than double the commitment, I know, but it’s still modest, given what Duensing just did, and given what other free-agent relievers have signed for. This has been a slow-moving market, and there’s a strengthening conversation about how players aren’t getting their collective due. You might be tempted to point to Duensing’s deal as evidence.

Yet it doesn’t quite work. Duensing’s deal, it turns out, is rather evidence of something else.

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In reality, there is no separating the Pirates from their circumstances. The Pirates are a smaller-market team, and a smaller-budget team, but followers won’t ever let you forget it doesn’t necessarily have to be that way. It’s fair to question ownership’s commitment to winning, as the Pirates never spent big to supplement what became an impressive and successful core. Predictably, the Pirates wound up squeezed, hence the trades of both Gerrit Cole and Andrew McCutchen. They were getting expensive, with decreasing team control. Time to reload. That’s the cycle.

But it’s not like Neal Huntington has a choice. He has to operate within the given constraints, so it started to make sense to deal Cole away. And then it made sense to deal McCutchen away. Ideally, the Pirates wouldn’t be here in the first place, but, well, they’re here, and so trades have been made. And trades have been criticized, the Cole move in particular. There’s the prevailing thought the Pirates didn’t get enough back. Certainly, they didn’t receive the classic headliner. Fans would like to see a better haul for their ace.

Me, I’ve come fully around. I like Joe Musgrove. He’s interesting. I like Michael Feliz. He’s also interesting. Jason Martin is further interesting, as a fourth piece. But I’d like to shed particular light on Colin Moran. Moran has, in the past, been an extremely polarizing prospect, and at this point he might be considered post-hype. Yet Moran made significant changes in 2017, the kinds of changes you’ve heard about elsewhere. Colin Moran is a swing-changer.

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Earlier in the offseason, the Giants came ever so close to trading for Giancarlo Stanton. Stanton has been one of the most important players in the Marlins’ admittedly limited history, but all that got in the way was a well-earned no-trade clause. Which is what ultimately took Stanton to the Yankees, instead of the Giants or the Cardinals.

Shortly after that all went down, the Giants traded for Evan Longoria. Longoria has been the most important player in the Rays’ admittedly limited history, but, well, the Rays are the Rays, and Longoria is both increasingly old and increasingly expensive. The commitment meant that Longoria had to go, and the Giants were there to welcome him with open arms.

And now the Giants have traded for Andrew McCutchen. McCutchen has been one of the most important players in the Pirates’ far less limited history, one of the keys to the franchise’s recent return to relevance, but where Longoria’s deal was too big for a smaller-market operation, McCutchen’s was too small. With just one year left, McCutchen all but forced the Pirates’ hand, and the Giants, again, were there. The agreement, as it is:

Giants get

• Andrew McCutchen
• $2.5 million

Pirates get

• Kyle Crick
• Bryan Reynolds
• $0.5 million in international-pool money

For the third time, the Giants targeted the face of another ballclub. For the third time, they reached an agreement. For the second time, a move has been actually made. Because of who McCutchen is and has been, this is an impact transaction, one that’s sure to have widespread consequences. The reality of trading or trading for McCutchen is complex. It’s also quite simple. The Pirates aren’t good enough to keep a 31-year-old staring ahead to free agency. And the Giants are trying to return to the playoffs before the inevitable reckoning. McCutchen gives them something they just didn’t have.

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Over the course of a few days during the winter meetings, it seemed like all that was happening was that free-agent relievers were signing multiyear contracts. And not just multiyear contracts — reasonably expensive multiyear contracts. Both Jake McGee and Bryan Shaw got three years. An incomplete selection of the relievers who got two: Brandon Morrow, Tommy Hunter, Juan Nicasio, Joe Smith, Anthony Swarzak, Steve Cishek, and Pat Neshek. These are all good pitchers. They deserve what they’ve gotten. But people are still relatively unaccustomed to seeing non-closers get $8 million a year. This is the bullpen age, indeed.

As the run on relievers was taking place, a common refrain was that teams were looking to sign the next Brandon Morrow, or the next Anthony Swarzak. Not that Morrow or Swarzak didn’t still get their money, but neither was considered valuable a year ago. They popped up, almost out of nowhere, and they became deadly weapons. So, teams figure, why wouldn’t there be other pop-up relievers? Why spend so much on a guy if you think you can find the next bullpen breakthrough?

Every team is looking for the next pop-up. It’s not easy to spot success before success. The Rangers think they have someone in Chris Martin, and I wrote about him, but he’s been terrific in Japan. It’s a different sort of gamble. Wily Peralta and Yovani Gallardo have signed with the Royals and Brewers, respectively, but they might still start. I don’t know if they’re necessarily considered the same kind of pop-up targets. This all leads me to Tom Koehler. I wanted to find a pitcher who’s been identified as a potential next Swarzak or Morrow. The Dodgers signed Koehler for $2 million, and if he hits all his incentives as a reliever, the salary tops out at $2.95 million. He’s under control for 2019, and the Dodgers see him in the bullpen.

Koehler, this past season, was bad. He had an ERA of almost 7. The bulk of his career has been spent as a starter, and there’s a perfectly good chance his 2018 goes off the rails. And yet the Dodgers think they might see something, something that could handle high-leverage situations. What is it the Dodgers are thinking? I’d like to give it my best guess.

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According to reports, the Brewers are working to sign Jhoulys Chacin to a two-year contract worth about $16 million. Chacin isn’t great. The Brewers are coming off a surprising season, but they don’t look as good as the Cubs or the Cardinals. The Chacin terms are similar to the terms for Tommy Hunter, or Juan Nicasio, or Pat Neshek, or Joe Smith, or Anthony Swarzak. Chacin’s primary job will probably be to just help keep the rotation afloat while everyone awaits the return of Jimmy Nelson. These aren’t earth-shattering developments taking place.

With that being said, let me tell you why I think this is interesting. Even just looking at this simply, Chacin turns only 30 in January, and he just made 32 starts, with a sub-4 ERA. He’s been about a league-average starter two years in a row, which makes this a perfectly solid investment. Without digging in the least, you can see why the Brewers wanted to do this. Still, there’s further upside to try to mine. The Brewers would be happy if Chacin just pitched like Chacin, but I imagine they see something better than that.

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I’m not sure a team has ever telegraphed its intent to make a splash more than the Giants. The Giants were one of the finalists for Shohei Ohtani. They were, of course, disappointed to not get him. They were also one of the finalists for Giancarlo Stanton, before Stanton invoked his no-trade clause. The Giants and Marlins had otherwise worked out an agreement. Turned down by their top two options, the Giants kept on exploring the market, looking to make an impact move. Such a move is now official. The Giants have made a big trade with the Rays.

Giants get

• Evan Longoria

Rays get

• Christian Arroyo
• Denard Span
• Matt Krook
• Stephen Woods

Longoria used to have, for several years, more trade value than almost anyone else. It was almost impossible to imagine the Rays letting him go. But now the best player in Rays history is on the move, because, ultimately, the Rays have to act like the Rays have to act, and Longoria isn’t what he was when he was younger. Rays fans will get to remember his 20s. Giants fans will get to look ahead to his 30s. The Giants have gotten better for today, but the future of the club now looks even more challenging.

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About 13 months ago, just as everyone was preparing for Thanksgiving, the Mariners and Diamondbacks swung a borderline blockbuster. The big name going to Seattle was Jean Segura. The big name going to Arizona was Taijuan Walker. As the trade happened, both Dave and myself wrote about how, in the end, it could end up being the Mitch Haniger trade. All things considered, Haniger had a fairly successful 2017. There’s another player in there I’m starting to like, though, and, well, my apologies to Zac Curtis. It’s Ketel Marte. I’ve really come around on Ketel Marte.

Perhaps it’s my own fault for having underestimated his talent. In my defense, though, Marte was simply a much-improved player this past season. People have asked me several times in my chats who I think could be poised for a breakout 2018. As such, it’s long past time for me to explain why Marte has captured my attention. He could be part of the Diamondbacks core for a very long time.

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On Monday, the Red Sox agreed to terms with first baseman Mitch Moreland. It was meaningful news, for two reasons. One, this is the Red Sox we’re talking about, and it seems like everything the Red Sox do is always big news. But then, additionally, Moreland electing to re-sign would appear to take the Red Sox out of the running for free agent Eric Hosmer. And while I’m certainly not Hosmer’s agent, the market for his services apparently isn’t large.

It could get larger. Scott Boras will work hard to make it larger. It’s possible to see a team like, say, the Mets throwing their hat in the ring. Yet the Red Sox move increases the chances that Hosmer will stay in Kansas City. It also increases the chances that Hosmer will go to San Diego. The Padres, so far, have been the most closely-linked suitor. They seem deeply motivated to turn Hosmer into a part of their core. The Padres haven’t won more than 77 games since 2011.

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The Marlins no longer have Giancarlo Stanton, who is extremely good. They no longer have Marcell Ozuna, who is very good. And they no longer have Dee Gordon, who is pretty good. Even if you trust that the Marlins’ new ownership group is trying to act in the team’s long-term best interests, it’s obvious that the club is rebuilding, and therefore won’t be any good any time soon. Given the circumstances, eyes have turned to Christian Yelich, an excellent player who might be traded. He’s not alone, however. J.T. Realmuto is a lesser-known player, but he’s a quality everyday catcher, and he wouldn’t mind being granted some freedom.

Craig Mish broke the news that Realmuto would like to be traded. Ken Rosenthal confirmed the report. Via Bob Nightengale, we learn the Marlins aren’t in a hurry to make a move. It’s not clear whether Realmuto made a demand, or if he just spoke to the possibility. And, of course, Realmuto has limited leverage here, since he can’t force his way out. Even the prospect of Realmuto performing worse because he’s unhappy would be bad for both the player and team. Whatever happens with Realmuto will happen. It’s not so much up to him. But — well, why stop at Ozuna? Where do the Marlins think that they’re going? Realmuto might as well be traded, and he would bring back a significant haul.

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