The MLB offseason can move at a painfully slow pace, but if history is any indication, December will be the busiest month, thanks in part to the Winter Meetings.
The annual congregation of executives, managers and free agents and, of course, agents takes place in Orlando this year, and there is plenty of business to get done.
A fairly impressive crop of free agents is mostly unsigned, though there are some exceptions. Dylan Cease already landed with the Toronto Blue Jays on a seven-year, $210 million deal, while Josh Naylor and Devin Williams are among other names who have earned new deals in the weeks leading up to the Winter Meetings.
The trade market could be worth watching more closely than the free-agent market as the Winter Meetings play out. While a Tarik Skubal trade doesn’t seem imminent or even particularly likely this offseason, Ketel Marte, MacKenzie Gore and Jarren Duran are among the names who have surfaced in rumors.
The Sporting News is tracking all of the latest buzz below, from rumors to signings and trades. Follow along with the latest updates below.
MORE: Ranking the top MLB free agents
MLB Winter Meetings 2025: Latest news, rumors on signings and trades
Red Sox, Mariners named suitors for Ketel Marte
Diamondbacks second baseman Ketel Marte is in high demand this offseason, as a number of suitors have pursued the All-Star infielder. The Red Sox, Mariners, Pirates, Rays, Tigers and Jays are all listed as targets by New York Post’s Jon Heyman.
Framber Valdez connected to Giants, Mets, Orioles
One of the top arms available on the market, Valdez has been travelling from coast to coast, as it’s reported he’s visited Baltimore, New York and San Francisco. The 32-year-old lefty finished his eighth season in Houston last year with a .366 ERA.
Pirates make pitch to Kyle Schwarber
The Pirates said they were looking to spend this offseason around Paul Skenes. How about Phillies slugger Kyle Schwarber? Pittsburgh has reportedly put a four-year offer in for the free agent, while Red Sox, Cubs, Reds and others remain in the mix.
Mariners send prospect Harry Ford to D.C. for Jose Ferrer
The Mariners have acquire reliever Jose Ferrer from the Nationals, in exchange for catching prospect Harry Ford and pitching prospect Isaac Lyon. The 25-year-old Ferrer has unspectacular raw numbers as a major-leaguer, but a career 3.33 FIP, impressive walk rate and high velocity make him a potential high-leverage reliever for Seattle, while Ford is a consensus top-75 prospect in baseball and could be the Nationals’ catcher of the future.
Twins planning to keep Joe Ryan, Byron Buxton
Despite July’s firesale, the Minnesota Twins are not planning to trade Joe Ryan, Byron Buxton or Pablo Lopez this winter, The Athletic’s Ken Rosenthal reports. The Twins discussed a Ryan trade with the Boston Red Sox at the deadline but decided against dealing their young ace.
Tigers ‘engaged’ on Tarik Skubal trade
The Detroit Tigers remain “engaged” with teams on a potential Tarik Skubal trade, according to ESPN’s Buster Olney, but they are still unsure about dealing him and have an “enormous” asking price. Skubal, the back-to-back reigning AL Cy Young Award winner, is set to be a free agent after the 2026 season and is reportedly far apart in extension talks with the Tigers.
MLB free agent signings and trades by team
Blue Jays
- SP Dylan Cease (7yr/$210M)
- SP Cody Ponce (3yr/$30M)
Orioles
- OF Taylor Ward (trade)
- RP Ryan Helsley (2yr/$28M)
Rays
- OF Cedric Mullins (1yr/$7M)
- OF Jake Fraley (1yr/$3M)
Red Sox
- SP Sonny Gray (trade)
- SP Johan Oviedo (trade)
Yankees
- P Ryan Yarbrough (re-signed, 1yr/$2.5M)
Guardians
Royals
Tigers
Twins
White Sox
- SP Anthony Kay (2yr/$12M)
Angels
- SP Grayson Rodriguez (trade)
- SP Alek Manoah (1yr/$1.95M)
Astros
Athletics
Mariners
- 1B Josh Naylor (re-signed, 5yr/$92.5M)
- RP Jose Ferrer (trade)
Rangers
Braves
- UTIL Mauricio Dubon (trade)
- CL Raisel Iglesias (1yr/$16M)
Marlins
Mets
- 2B Marcus Semien (trade)
- RP Devin Williams (3yr/$51M)
Nationals
Phillies
Brewers
Cardinals
Cubs
- RP Phil Maton (2yr/$14.5M)
Pirates
- OF Jhostynxon Garcia (trade)
Reds
- CL Emilio Pagan (re-signed, 2yr/$20M)
Diamondbacks
- C James McCann (re-signed, 1yr/$2.75M)
- P Michael Soroka (1-year deal)
Dodgers
- INF Miguel Rojas (re-signed, 1yr/$5.5M)
Giants
Padres
Rockies
Best MLB free agents available
Here are the remaining free agents from SN’s ranking of the top 27 free agents this winter:
- OF Kyle Tucker (No. 1)
- 1B Pete Alonso (No. 2)
- DH Kyle Schwarber (No. 3)
- SS Bo Bichette (No. 4)
- OF Cody Bellinger (No. 5)
- CL Edwin Diaz (No. 6)
- 1B Munetaka Murakami (No. 7)
- 3B Alex Bregman (No. 8)
- SP Ranger Suarez (No. 10)
- SP Framber Valdez (No. 11)
- 3B Eugenio Suarez (No. 13)
- SP Zac Gallen (No. 14)
- SP Michael King (No. 15)
- OF Harrison Bader (No. 16)
- C J.T. Realmuto (No. 19)
- DH Ryan O’Hearn (No. 20)
- 1B/2B Luis Arraez (No. 24)
- SP Merrill Kelly (No. 25)
- CL Robert Suarez (No. 26)
- 2B Jorge Polanco (No. 27)
Japanese standouts Tatsuya Imai and Kazuma Okamoto were also posted and are available to MLB teams, making for one of the strongest-ever free agent crops of Japanese talent in one offseason.
