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Winners and Losers From the 2025 Trade Deadline

Katie Stratman, Orlando Ramirez, Steven Bisig-Imagn Images

Now that the deadline dust has settled – or at least, started to settle – it’s time to start making sense of it. The Padres, Twins, and Orioles were everywhere. Top relievers flew off the board. Both New York teams spent all day adding. But who did well? Who did poorly? Who was so frenetic that they probably belong in both categories more than once? I tried to sort things out a little bit. This isn’t an exhaustive list. There were 36 trades on deadline day, a new record, and more than a dozen before it. Nearly every team changed its trajectory at least a little, and this is just a brief look into the chaos. Here are the trends that most stood out to me.

Winner: Teams Trading Top Pitchers
This year’s crop of rental players was lighter than usual, but deadline activity didn’t slow. Instead, it simply spilled over into relievers under contract for a while. Mason Miller, Jhoan Duran, Griffin Jax, and David Bednar are under contract for a combined nine more years after 2025. That drove the prospect price up on all four. Having long-term control of relievers might be less valuable than at other positions, but it’s still valuable.

Most of the best prospects who swapped teams at the deadline were involved in a trade for top pitching. Leo De Vries, the consensus best player of the 2024 international signing period, was the big name here, but both the Phillies and Yankees offered up multiple good minor leaguers in exchange for Duran and Bednar. Taj Bradley, whom the Twins got back for Jax, is a former top prospect who won’t be a free agent until 2030. Read the rest of this entry »


Royals Make Smart, Marginal Upgrades

Sergio Estrada and Charles LeClaire, Imagn Images

At the time of this writing, the Kansas City Royals’ playoff odds sit at 12%. They’re 54-55, 3.5 games back of the third AL Wild Card, packed in tight with a bunch of average teams chasing the major contenders, including the Rangers, Guardians, Rays, and Angels. (I’m going to go ahead and count the Twins out.) It’s a tough spot. You don’t necessarily want to go all in with a 12% chance of making the playoffs, but it’s a good enough shot that a sell-off would go down pretty poorly.

Threading this needle with precision, the Royals made a series of moves that filled key roster holes without gambling away any significant long-term pieces. The first of those went down yesterday morning, when they picked up two solid, controllable right-handers in Ryan Bergert and Stephen Kolek in exchange for backup catcher Freddy Fermin.

Later in the day, the Royals made two more trades. The first further shored up a depleted rotation; the second improved a truly abysmal outfield. First, they brought in lanky left-hander Bailey Falter from the Pirates, parting with up-and-down lefty Evan Sisk and Callan Moss, a first baseman with a .790 OPS in High-A who went undrafted in 2024. And a few minutes after the deadline passed, Jon Heyman reported that they’d picked up Mike Yastrzemski from the Giants for A-ball hurler Yunior Marte. Read the rest of this entry »


Yankees Bolster Bullpen With David Bednar, Jake Bird, and Camilo Doval

Mark J. Rebilas, Darren Yamashita and Kelley L Cox-Imagn Images

As Thursday’s 6 PM deadline approached, the New York Yankees finally made their big bullpen moves, first trading for closer David Bednar from the Pittsburgh Pirates and sending back catcher Rafael Flores, catcher Edgleen Perez, and outfielder Brian Sanchez. Bednar, with a year of arbitration remaining next season, has allowed a 2.37 ERA and a 1.96 FIP while striking out 51 batters and walking only 10 in 38 innings this year.

Also donning (non-purple) pinstripes is Jake Bird, whom the Yankees acquired from the Colorado Rockies in exchange for second baseman Roc Riggio and left-handed starter Ben Shields. Bird, in his fourth year with the Rockies, has a 4.73 ERA for the season, but a much sunnier 3.45 FIP, and he has struck out nearly 11 batters per nine innings, easily the best mark of his career.

But that wasn’t quite enough for the Yankees, and as the clock approached the top of the hour, they picked up Camilo Doval from the San Francisco Giants for three prospects: catcher-third baseman Jesus Rodriguez, right-handed starter Trystan Vrieling, and first baseman Parks Harber. Read the rest of this entry »


Mets Plug Leaky Bullpen with Submariner

Darren Yamashita-Imagn Images

Having just added Gregory Soto to the bullpen, the Mets are at it again. Less than 90 minutes after his identical twin went to Pittsburgh in the Ke’Bryan Hayes trade, Tyler Rogers is also on the move.

Rogers, with his 1.80 ERA and 2.59 FIP in 50 innings this year for the Giants, has been one of the best relief pitchers in baseball. Still, he’s 34, and a rental, and a major departure from the hard-throwing Adonises the Mets might otherwise have pursued. And yet, David Stearns saw fit to give up Drew Gilbert, Blade Tidwell, and José Buttó — two big-name prospects and a guy who’s been decent in the majors this year — for two months of a guy who throws underhand. Maybe up to three months, if the Mets make the playoffs and stay there for a couple rounds.

It’s not quite that simple. Rogers is good, relievers are expensive now, and fame does not always equal value in the prospect world. Read the rest of this entry »


Sweet Home San Francisco

Arianna Grainey-Imagn Images

Every time I hear the name Robbie Ray, I think about the bar scene from 2002’s Sweet Home Alabama, where Reese Witherspoon’s character Melanie drunkenly stumbles up to an old friend as he’s about to attempt a pool shot. Through a fit of giggles she says, “Bobby Ray! Don’t blow this one, OK?”

Most recently, this happened when I read that Robbie Ray had been named to the National League All-Star team. Because Robbie Ray has not been blowing it this season. In fact, he’s been posting numbers not far off the pace from his 2021 Cy Young season. But despite the Cy Young on his résumé, I probably think about Bobby Ray more often than Robbie Ray, because Robbie followed up his award-winning performance with a merely average 2022, and then spent much of 2023 and 2024 on the IL. Overall, Ray’s career has been a bit of an up-and-down journey, and if we’re comparing career arcs to character arcs, Ray’s is more akin to Melanie’s than Bobby Ray’s, despite the similar name.

Dropping in on Ray’s 2021 season is roughly equivalent to where we drop in on Melanie Carmichael at the beginning of Sweet Home Alabama. Melanie (whose real last name is Smooter, but she chose to adopt a more sophisticated persona after leaving Alabama for the big city) is a fashion designer fresh off a successful debut at New York Fashion Week and newly engaged to the mayor’s son (Patrick Dempsey). Melanie has accumulated career accolades and social status, just as Ray spent his 2021 season reeling in award votes and leveling up his status as a starting pitcher. Read the rest of this entry »


The 2025 Replacement-Level Killers: Designated Hitter

Troy Taormina and Kamil Krzaczynski-Imagn Images

At last we reach the end of my annual series spotlighting the weakest positions on contending clubs. While still focusing upon teams that meet that loose definition of contenders (a .500 record or Playoff Odds around 10%), I’ve also incorporated our Depth Charts’ rest-of-season WAR projections into the equation for an additional perspective. Sometimes that may suggest that the team will clear the bar by a significant margin, but even so, I’ve included them here because the team’s performance is worth a look.

At the other positions in this series, I have used about 0.6 WAR or less thus far — which prorates to 1.0 WAR over a full season — as my cutoff, but for the designated hitters, I’ve limited the list to the teams below zero, both to keep the length manageable and to account for the general spread of value. In the fourth full season of the universal DH, 0.6 WAR represents the median, with 10 teams below zero, 11 between zero and 1.0, and eight with 1.0 or more, with only four of those eight reaching 2.0. By comparison, at this time last year, half the teams in the majors were at 0.0 WAR or less. DHs as a group have hit .239/.322/.422 for a 108 wRC+ this season, the last of which matches 2024’s final figure.

It does appear that an increasing number of teams are investing more playing time in a single DH. From 2022 (the first full-length season with the universal DH) to ’24, the number of players reaching 450 plate appearances in the DH role increased from three to four to seven; this year, we’re on pace for 10. That said, many of the teams on this list are the ones that haven’t found that special someone to take the lion’s share of the plate appearances.

2025 Replacement-Level Killers: Designated Hitter
Team AVG OBP SLG wRC+ Bat BsR WAR ROS WAR Tot WAR
Rangers .160 .241 .265 44 -25.0 -0.1 -2.5 0.6 -1.9
Royals .207 .273 .333 65 -16.0 -2.8 -1.7 0.2 -1.5
Padres .207 .273 .300 66 -15.0 -2.3 -1.7 0.4 -1.3
Reds .221 .303 .409 94 -2.8 -1.4 -0.2 0.3 0.1
Giants .226 .318 .343 91 -4.3 -3.6 -0.6 0.9 0.3
Astros .228 .288 .383 83 -7.9 -0.8 -0.7 1.1 0.4

Read the rest of this entry »


The 2025 Replacement-Level Killers: Catcher & Second Base

Denis Poroy and Matt Krohn, Imagn Images

Today, we have a Killers two-fer, with lists covering a couple of important defensive positions, specifically second base and catcher. While still focusing on teams that meet the loose definition of a contender (a .500 record or Playoff Odds of roughly 10%) and that have gotten about 0.6 WAR or less out of a position thus far (which prorates to 1.0 WAR over a full season), I have also incorporated our Depth Charts’ rest-of-season WAR projections into the equation for an additional perspective. That may suggest that some of these teams will clear the bar by a significant margin, but even so, I’ve included them here because their performance at that spot thus far is worth a look. All statistics are through July 12.

2025 Replacement-Level Killers: Catcher
Team AVG OBP SLG wRC+ Bat BsR Fld WAR ROS WAR Tot WAR
Padres .198 .259 .311 63 -13.7 -4.4 -8.1 -0.9 -0.2 -1.1
Rays .191 .282 .315 71 -12.2 -1.0 -6.9 -0.1 0.9 0.8
Twins .204 .287 .319 71 -12.5 -1.0 -3.5 0.3 1.1 1.4
All statistics through July 12.

Padres

With Kyle Higashioka departing for the Rangers in free agency, the Padres — who ranked 24th in the majors last year in catcher WAR (1.1) — pencilled in Luis Campusano, the weaker partner of last year’s catching tandem, alongside late-season addition Elias Díaz to do the bulk of the work behind plate. The pair, augmented by 38-year-old free agent Martín Maldonado, ranked dead last in our preseason Positional Power Rankings. After optioning Campusano to Triple-A El Paso in March (he was recalled yesterday), they’ve approximated that billing, ranking 29th out of the 30 teams in catcher WAR. Read the rest of this entry »


The 2025 Replacement-Level Killers: Introduction & First Base

Kamil Krzaczynski-Imagn Images

In a race for a playoff spot, every edge matters. Yet all too often, for reasons that extend beyond a player’s statistics, managers and general managers fail to make the moves that could improve their teams, allowing mediocre production to fester at the risk of smothering a club’s postseason hopes. In Baseball Prospectus’ 2007 book, It Ain’t Over ‘Til It’s Over, I compiled a historical All-Star squad of ignominy, identifying players at each position whose performances had dragged their teams down in tight races: the Replacement-Level Killers. I’ve revisited the concept numerous times at multiple outlets and have adapted it at FanGraphs in an expanded format since 2018.

When it comes to defining replacement level play, we needn’t hew too closely to exactitude. Any team that’s gotten less than 0.6 WAR from a position to this point — prorating to 1.0 over a full season — is generally in the ballpark, though my final lists also incorporate our Depth Charts rest-of-season projections, which may nose them over the line. Sometimes, acceptable or even above-average defense (which may depend upon which metric one uses) coupled with total ineptitude on offense is enough to flag a team. Sometimes a club may be well ahead of replacement level but has lost a key contributor to injury; sometimes the reverse is true, but the team hasn’t yet climbed above that first-cut threshold. As with Supreme Court Justice Potter Stewart’s definition of hardcore pornography, I know replacement level when I see it. Read the rest of this entry »


Five Things I Liked (Or Didn’t Like) This Week, July 11

Kelley L Cox-Imagn Images

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:


FanGraphs Weekly Mailbag: June 21, 2025

Bob Kupbens-Imagn Images

By most measures, the Rafael Devers trade happened suddenly. It came without advance notice of his availability, and the Red Sox reportedly weren’t shopping him around. Immediately, it drew comparisons to the Luka Dončić-Anthony Davis trade in the NBA, because hardly ever in our scoops-driven media landscape, where even the tiniest rumor is treated as currency, does a transaction involving a superstar catch us by surprise.

And yet, now that the shock has worn off, trading Devers feels like a logical outcome to the saga that began in March, when the Red Sox signed Alex Bregman to play third base without giving the incumbent a heads up. The details of the ensuing rift have been covered at great length, at FanGraphs and elsewhere, so I won’t go into them here. A lot of the reporting since the trade has described the situation in Boston as untenable, and the damage done to the relationship between Devers and the team as irreparable. But based on how badly the Red Sox botched their initial response to the conflict, and then kept bungling their subsequent attempts at reconciliation, from my perspective, it seems like they didn’t make repairing it much of a priority.

We’ll tackle your questions about the Devers trade and so much more in this week’s FanGraphs mailbag. But first, I’d like to remind all of you that while anyone can submit a question, this mailbag is exclusive to FanGraphs Members. If you aren’t yet a Member and would like to keep reading, you can sign up for a Membership here. It’s the best way to both experience the site and support our staff, and it comes with a bunch of other great benefits. Also, if you’d like to ask a question for next week’s mailbag, send me an email at mailbag@fangraphs.com. Read the rest of this entry »