The New Year serves as a symbolic part of the offseason. It’s been just two months since the Dodgers returned to Toronto to repeat as World Series champions. There are exactly six weeks left until pitchers and catchers begin reporting to Spring Training.
28 of MLBTR’s top 50 free agents are off the board, though many marquee names remain. Seven of the top ten are signed. We are less than two days away from free agent draft #7 Tatsuya Imaihis posting window closes on Friday afternoon. The overall volume of free agent activity is similar to last season, when 26 of our top 50 players were off the board on New Year’s Eve. However, most of last winter’s first jobs were concentrated at the top of the market, as our top six free agents were signed before the December deadline. Dylan Cease again Munetaka Murakami they are the only two of the top eight that have signed so far this offseason.
Using MLBTR’s Contract Tracker (a tool available to Front Office subscribers), we can find each team’s free trade so far. Players who accept a qualifying offer of $22.025MM are considered free agent signings. Four contracts negotiated between the end of the regular season and November 6 – Guardian deal Austin HedgesBaltimore’s signing of Dietrich Ennsthe Royals faced it Salvador Perezand the Cubs contract Colin Rea – they are not included. All of these come before those players are allowed to talk to other teams and are therefore extensions rather than free agents.
As always, this is the case not it meant a comprehensive look at the team’s offseason activity. Royals (Michael Garcia) and athletics (Tyler Soderstrom) each signed a significant contract extension. The Red Sox are one of two teams that have yet to sign an MLB free agent contract, but would take on nearly $40MM in 2026 in salary via a trade. Sonny Gray, Wilson Contreras again Johan Oviedo. This is a good look at what teams have done so far with the free program.
In this exercise, we will take the full price even if the contract includes a deferred fee. Groups are organized by total spending.
1. Toronto Blue Jays
Total guarantees: $277MM
2. Baltimore Orioles
Total guarantees: $195.1MM
3. Philadelphia Phillies
Total guarantees: $182MM
4. The New York Mets
Total guarantees: $113MM
5. The Atlanta Braves
Total guarantees: $106.25MM
6. Seattle Mariners
Total guarantees: $99.75MM
7. San Diego Padres
Total guarantees: $91.2MM
8. Los Angeles Dodgers
Total guarantees: $74.5MM
9. The Detroit Tigers
Total guarantees: $59.025MM
10. Chicago Cubs
Total guarantees: $53.525MM
11. Chicago White Sox
Total guarantees: $50.5MM
12. The Arizona Diamondbacks
Total guarantees: $50.25MM
13. Pittsburgh Pirates
Total guarantees: $36.75MM
14. The San Francisco Giants
Note: Salary terms on San Francisco’s one-year contract as well Tyler Mahle remain unreported. Once completed, that will likely push them into the mid-$30MM range. Their placement over the Yankees takes Mahle’s guarantee north of $4MM.
Total Guarantees: Over $25.4MM
15. New York Yankees
Total guarantees: $29.025MM
16. The Cincinnati Reds
Total guarantees: $25.9MM
17. Tampa Bay Rays
Total guarantees: $25MM
18. The Milwaukee Brewers
Total guarantees: $22.025MM
19. Texas Rangers
Total guarantees: $20.625MM
20. Miami Marlins
Total guarantees: $15MM
21. Los Angeles Angels
Total guarantees: $12.95MM
22. Louis Cardinals
Total guarantees: $12.5MM
23. Cleveland Rangers
Total guarantees: $7.9MM
24. Minnesota Twins
Total guarantees: $7MM
25. Kansas City Royals
Total guarantees: $6.15MM
26. Washington Nationals
Total guarantees: $5.5MM
27. The Houston Astros
Total guarantees: $3.95MM
28. Athletics
Total guarantees: $2.85MM
T-29. The Boston Red Sox/The Colorado Rockies
Total guarantees: $0
- Boston and Colorado have yet to sign a free agent to a major league deal this offseason.
