The New Year serves as a symbolic halfway point of the offseason. It has been just over two months since the Dodgers knocked off the Yankees to win the World Series. We’re a little more than six weeks from pitchers and catchers reporting to Spring Training.
Twenty six of MLBTR’s Top 50 free agents have come off the board. That includes six of the top 10, as well as Roki Sasaki (who was not ranked because his earning power is limited). More than half the money has been spent — Alex Bregman is the only unsigned player who landed within our top six free agents — but the offseason is proceeding at a relatively normal pace. It has moved a little more quickly than last winter, when 22 players from our Top 50 had signed by the time the calendar flipped to January.
Using MLBTR’s Contract Tracker, we’ll look through every team’s activity on the open market. We’ll stretch back to November 4, the date at which free agents were first allowed to begin discussing contract terms with every team. That excludes a pair of deals that were signed within the five-day exclusive negotiation window for teams to discuss contracts with their own free agents: the Reds’ $2.25MM deal with Brent Suter and the Royals retaining Michael Wacha on a three-year, $51MM contract.
This isn’t an exhaustive look at a team’s offseason activity. The Blue Jays (Andrés Giménez), Angels (Jorge Soler), Cubs (Kyle Tucker) and Yankees (Cody Bellinger) are among teams that have acquired highly-paid players in trade. The Dodgers signed Tommy Edman to an extension that guaranteed $64.5MM in new money. This is strictly a look at free agent activity.
For this exercise, we’ll take the total amount even if the contract includes deferred money. Teams are ordered by overall spending.
1. New York Mets
Total guarantees: $917.25MM
OF Juan Soto: Fifteen years, $765MM LHP Sean Manaea: Three years, $75MM ($23.25MM deferred) RHP Clay Holmes: Three years, $38MM RHP Frankie Montas: Two years, $34MM RHP Griffin Canning: One year, $4.25MM INF Jared Young: One year split contract ($425K in minors) RHP Dylan Covey: One year split contract ($350K in minors) RHP Justin Hagenman: One year split contract ($225K in minors)2. Los Angeles Dodgers
Total spending: $287MM
LHP Blake Snell: Five years, $182MM ($65MM deferred) OF Teoscar Hernández: Three years, $66MM (approximately $23MM deferred) RHP Blake Treinen: Two years, $22MM OF Michael Conforto: One year, $17MM3. New York Yankees
Total guarantees: $235.5MM
LHP Max Fried: Eight years, $218MM 1B Paul Goldschmidt: One year, $12.5MM RHP Jonathan Loáisiga: One year, $5MM4. Arizona Diamondbacks
Total guarantees: $210MM
RHP Corbin Burnes: Six years, $210MM (roughly $60MM deferred)5. San Francisco Giants
Total guarantees: $182MM
SS Willy Adames: Seven years, $182MM6. Texas Rangers
Total guarantees: $130.5MM
RHP Nathan Eovaldi: Three years, $75MM DH Joc Pederson: Two years, $37MM C Kyle Higashioka: Two years, $13.5MM LHP Hoby Milner: One year, $2.5MM RHP Jacob Webb: One year, $1.25MM RHP Shawn Armstrong: One year, $1.25MM RHP Luis Curvelo: One year split deal7. Los Angeles Angels
Total guarantees: $80.25MM
LHP Yusei Kikuchi: Three years, $63MM C Travis d’Arnaud: Two years, $12MM SS Kevin Newman: One year, $2.75MM RHP Kyle Hendricks: One year, $2.5MM8. Baltimore Orioles
Total guarantees: $71MM
OF Tyler O’Neill: Three years, $49.5MM RHP Tomoyuki Sugano: One year, $13MM C Gary Sánchez: One year, $8.5MM9. Athletics
Total guarantees: $70.95MM
RHP Luis Severino: Three years, $67MM 3B Gio Urshela: One year, $2.15MM LHP T.J. McFarland: One year, $1.8MM10. Houston Astros
Total guarantees: $60MM
1B Christian Walker: Three years, $60MM11. Boston Red Sox
Total guarantees: $52.3MM
RHP Walker Buehler: One year, $21.05MM LHP Patrick Sandoval: Two years, $18.25MM LHP Aroldis Chapman: One year, $10.75MM LHP Justin Wilson: One year, $2.25MM12. Cleveland Guardians
Total guarantees: $42MM
RHP Shane Bieber: Two years, $26MM 1B Carlos Santana: One year, $12MM C Austin Hedges: One year, $4MM13. Chicago Cubs
Total guarantees: More than $40.5MM
LHP Matthew Boyd: Two years, $29MM C Carson Kelly: Two years, $11.5MM LHP Caleb Thielbar: One year, salary unreported14. Detroit Tigers
Total guarantees: $30MM
2B Gleyber Torres: One year, $15MM RHP Alex Cobb: One year, $15MM15. Washington Nationals
Total guarantees: $29MM
RHP Trevor Williams: Two years, $14MM RHP Michael Soroka: One year, $9MM 1B Josh Bell: One year, $6MM16. Philadelphia Phillies
Total guarantees: $22.5MM
OF Max Kepler: One year, $10MM RHP Jordan Romano: One year, $8.5MM RHP Joe Ross: One year, $4MM17. Cincinnati Reds
Total guarantees: $21.05MM
RHP Nick Martinez: One year, $21.05MM qualifying offer18. Toronto Blue Jays
Total guarantees: $15MM
RHP Yimi García: Two years, $15MM19. Tampa Bay Rays
Total guarantees: $8.5MM
C Danny Jansen: One year, $8.5MM19. Colorado Rockies
Total guarantees: $8.5MM
2B Thairo Estrada: One year, $3.25MM 2B Kyle Farmer: One year, $3.25MM C Jacob Stallings: One year, $2MM21. Pittsburgh Pirates
Total guarantees: More than $5MM
DH Andrew McCutchen: One year, $5MM RHP Elvis Alvarado: One year split contract22. Chicago White Sox
Total guarantees: $4.75MM
OF Mike Tauchman: One year, $1.95MM OF Austin Slater: One year, $1.75MM RHP Bryse Wilson: One year, $1.05MM23. Atlanta Braves
Total guarantees: More than $360K
OF Bryan De La Cruz: One year split contract ($180K in minors) RHP Connor Gillispie: One year split contract ($180K in minors) OF Carlos Rodríguez: One year split contract (salary unreported)24. Miami Marlins
Total guarantees: $200K
3B Eric Wagaman: One year split contract ($200K in minors)25. Milwaukee Brewers
Total guarantees: More than $0
LHP Grant Wolfram: One year contract (salary unreported)26. Kansas City Royals
Total guarantees: $0
None*26. Minnesota Twins
Total guarantees: $0
None26. San Diego Padres
Total guarantees: $0
None26. Seattle Mariners
Total guarantees: $0
None26. St. Louis Cardinals
Total guarantees: $0
None* Counting Wacha as a free agent deal rather than an extension would push Kansas City to 12th in total spending
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