While 29 American teams sit around twiddling their thumbs, the Toronto Blue Jays continue to run up their bill on the free agent market. After spending $210 million (with deferrals) to bring Dylan Cease in on Thanksgiving Eve, Toronto has now landed one of the top international free agents: right-handed pitcher Cody Ponce, late of the Hanwha Eagles of the KBO.

Even those of you who vaguely remember Ponce from his first stint in the majors might have trouble distinguishing him from any other of the dozens of big, replacement-level relievers the Pirates have thrown out there over the past decade. On some level, Ponce’s stint in Asia is just a chapter in a Sisterhood of the Traveling Pants-type deal he’s stuck in with John Holdzkom, Nick Kingham, and Colin Holderman.

If that guy is getting $30 million guaranteed over three years (to say nothing of his own blog post here to commemorate the signing), there must be quite a story. Read the rest of this entry »

The Samsung Lions of Daegu, South Korea, have entered the free agent market, scooping up former Detroit Tigers prospect Matt Manning on a one-year, $1 million deal. All Manning needs to do now is find a team called the Bears, and he’ll have the whole set.

Manning, 27, has a career 4.43 ERA in 50 starts in the majors, none since 2024. But he’s more famous than most players with those credentials, on account of being Detroit’s no. 1 pitching prospect for multiple years. Being a team’s no. 1 pitching prospect is not always as impressive as it sounds; at the moment, there are multiple teams without any minor league pitchers with a future value grade over 45 on The Board.

But for the Tigers, in the early 2020s, being no. 1 was a big deal. On the 2020 list, Manning was the no. 12 prospect in all of baseball, followed by Casey Mize, Riley Greene, Tarik Skubal, and Isaac Paredes in Detroit’s system. In 2021, Manning fell behind the previous year’s top draft pick, Spencer Torkelson, but still rated ahead of Skubal and Mize, in that order. Read the rest of this entry »

The stove was already hot the week before Thanksgiving. But on Wednesday evening, the Toronto Blue Jays threw some logs on the fire and aimed a leaf blower at the damn thing, and now the proverbial stove is hot enough to melt soda cans into aluminum ingots.

Dylan Cease has signed with the reigning AL champions, and for what they offered him — $210 million over seven years — you’d be packing your bags for Canada, too. Looks like someone can shell out for the fancy cranberry sauce this Thanksgiving. Read the rest of this entry »

The Boston Red Sox have acquired veteran right-hander Sonny Gray and cash from the St. Louis Cardinals, in exchange for pitchers Richard Fitts and Brandon Clarke, and either cash or a player to be named later. Seems straightforward enough.

After 13 seasons in the majors, you all know Gray by now: short guy out of Vanderbilt. Big, slow curveball, but not a ton of velo. Changes teams every two or three years. In those 13 seasons, Gray’s two best WAR seasons are 5.4 and 4.5, but he’s posted four additional seasons of between 3.5 and 3.9 WAR, and three others of between 2.4 and 2.7 WAR. This is the Toyota Sienna of pitchers: You don’t stay up nights dreaming about him, and he can be a little pricey, but he’ll get you and your family where they need to go with an absolute minimum of fuss.

The Red Sox made the playoffs in 2025. I don’t think I’m going out on a limb by assuming they’d like to make the playoffs again in 2026. If I were in the playoff-making business, I’d welcome the opportunity to add Sonny Gray to my team. Read the rest of this entry »

All relief pitchers are failed starters. In the future, everyone will be world famous for 15 minutes. All great world-historic facts and personages appear, so to speak, twice… the first time as tragedy, the second time as farce.

Therefore: In the future, all relief pitchers will be starting pitchers for 15 minutes, twice: First as failure, then as tragedy.

This jumble of aphorisms is what plopped out of my head when I read a bit of surprising news: The Detroit Tigers are interested in Ryan Helsley — reasonable enough, since he’s been a good high-leverage reliever for several years — as a starting pitcher.

Whoa. Read the rest of this entry »

The New York Mets are trading outfielder Brandon Nimmo to the Texas Rangers in exchange for infielder Marcus Semien, ESPN’s Jeff Passan reported Sunday night. You don’t often see one-for-one trades involving two players with a combined 66.9 career WAR in their past, but this deal was made possible by the combined $173.5 million owed Nimmo and Semien in the future.

The Mets and Rangers are both top-10 payroll teams and recidivist whales in the free agent market (with the caveat that the Mets are somewhat more top-payroll than the Rangers are), so this is not a straight-up salary dump. Indeed, only a trivial amount of money — $5 million moving from New York to Texas, according to Jon Heyman — is changing hands. That greases the skids, but it’s only about 5% of what Nimmo’s owed, and less than 3% of the total remaining value of the contracts being moved.

Semien and Nimmo have both been excellent players in the recent past, as reflected in their compensation. Semien is on a seven-year, $175 million contract he signed with the Rangers before the 2022 season; Nimmo had a .385 career OBP, and was coming off a 5.5 WAR season, when he signed with the Mets a year later for $162 million over eight years. Read the rest of this entry »

I don’t want to overstate the value of raw financial power in baseball. The Mets spent more than $320 million on player salaries, not counting luxury tax penalties, and they finished four games over .500. Money can’t buy happiness, or even a spot in the playoffs.

It can, however, buy you a closer and a major upgrade to your bench. So the Braves demonstrated Wednesday, when they re-signed closer Raisel Iglesias for one year at $16 million, and swapped utility infielders with the Astros, sending Nick Allen west in a 1-for-1 trade for Mauricio Dubón.

The Braves went into last season as one of the favorites to win the NL pennant only to tumble to fourth place behind the Marlins (the Marlins!) after befalling a series of farces and calamities that recall A Serious Man. Jurickson Profar got popped for PEDs, Spencer Strider and Ozzie Albies lost their juice, half the roster got hurt, it was a huge mess. Read the rest of this entry »

“OK, but what if you could steal first base?” is surely a thought that’s occurred to just about every baseball fan. We’ve all seen players come up who look like absolute studs, except for one thing: They can’t hit. It’s only one skill, but it’s the most important skill for a position player.

I remember having a simply overpowering version of this thought in the press box at Camden Yards during the 2024 ALDS. Maikel Garcia’s tools sizzled and crackled with potential. He’s stolen 37 bases in 39 regular-season attempts. His defense at third base was very good, good enough to play shortstop on a team that had not been built around the best shortstop on the planet. Garcia played 157 regular-season games for the Royals in 2024, and he was about as good a player as you can be with a single-digit home run total and a .281 OBP.

Those two headline numbers do limit one’s potential, unfortunately.

In October, Garcia poked enough grounders through the infield to eke out a .318 batting average in Kansas City’s six playoff games, teasing us with the hope of what could have been if he just learned how to hit. Read the rest of this entry »

After Josh Naylor signed the first major free agent deal of the offseason over the weekend, four more big names came off the board Tuesday afternoon. Of the 13 free agents who were presented with qualifying offers, four accepted: Brandon Woodruff, Trent Grisham, Gleyber Torres, and Shota Imanaga will all return to their previous teams on one-year contracts worth $22.025 million.

Bo Bichette, Dylan Cease, Edwin Díaz, Framber Valdez, Kyle Schwarber, Kyle Tucker, Michael King, Ranger Suárez, and Zac Gallen all declined their qualifying offers and will hit the open market, carrying draft pick penalties to be determined by MLB’s inscrutable compensation system.

If you’re thinking this is a bumper crop of QO acceptance, you’d be right. In the first 14 years of the qualifying offer system, 144 offers were extended to pending free agents, and only 14 accepted. This year, nearly one in four qualified free agents decided to bank the offer and walk away, rather than face one more multiple-choice question from Regis Philbin. Read the rest of this entry »

Shortstop is one of the hardest positions on the diamond to fill, especially if you want anything resembling useful offensive production from the position. Nevertheless, it has been one place where help is usually available on the free agent market.

In the four full offseasons that either straddled or succeeded the last lockout, eight different teams have signed a free agent shortstop to a contract worth $140 million or more. This includes the Rangers, who did it twice in the same winter. Read the rest of this entry »