How do the Mets recover after losing Edwin Diaz? (1:21)Jeff Passan breaks down where the Mets could turn to in free agency after losing Edwin Diaz to the Dodgers. (1:21)
We’ve got it all covered for you, from our predictions going into the meetings to the latest updates and analysis as the moves go down.
Which big free agents will pick a team? Who will be mentioned in blockbuster trade discussion? And what rumors will rule the week? Check out our predictions and refresh often for the latest intel and reaction as the week unfolds.
First baseman Pete Alonso and the Baltimore Orioles are finalizing a five-year, $155 million contract, sources told ESPN. Alonso leaves the Mets one day after New York saw closer Edwin Diaz join the Los Angeles Dodgers.
Now that the Dodgers have solved their glaring ninth-inning problem, agreeing to a three-year, $69 million contract with Edwin Diaz, they can shift their focus to adding an outfielder. And until he comes off the board, they’ll continue to be linked to top free agent Kyle Tucker.
The Dodgers aren’t expected to get into the $400 million range on a long-term deal, but like with Diaz, they’ll remain on the periphery in case a short-term, high-AAV deal makes sense. That might not be the case for Tucker, who’s 28 and widely considered the best free agent available. Another option is Cody Bellinger, though it remains to be seen whether both sides are truly interested in a reunion. Of note: Both of those players are attached to a qualifying offer, as was Diaz.
Asked Tuesday night if he could see himself making another big free agent signing, Dodgers president of baseball operations Andrew Friedman said: “I would say we definitely can. Whether that makes the most sense within the timing of our roster — there’s so many factors that go into it, and any decision you make has a future cost. … So, yes we can. How likely it is is probably another question.” — Gonzalez
The A’s extended Brent Rooker and Lawrence Butler last offseason, and now they’d love to find a way to lock up the likes of Nick Kurtz, Jacob Wilson and Shea Langeliers.
The Seattle Mariners, Pittsburgh Pirates, Detroit Tigers, Boston Red Sox and Toronto Blue Jays are among those who have been linked to Marte, though others are surely involved. A lot of teams have shown interest, but talks have yet to get serious.
The D-backs would ideally land a higher-end starting pitcher in return — a major need with Zac Gallen and Merrill Kelly probably departing via free agency, and Corbin Burnes spending at least the majority of 2026 recovering from Tommy John surgery — and would require major league-ready talent as part of any package, a source said. Given that his 10-and-5 rights kick in in April, there is at least some urgency to trade him this offseason.
D-backs manager Torey Lovullo said he has been in touch with Marte over the offseason and that the mention of his name so aggressively in rumors “might have caught him by surprise a little bit.”
“But I think he gets it,” Lovullo added. “I told him just what I told you guys — teams are smart. They want really good players. He’s one of the best in the National League. I understand why teams are making phone calls on him. He gets that.” — Gonzalez
Short of that, the White Sox are likely to keep Robert into the ’26 season, and maybe beyond. The team holds another $20 million option for the ’27 season, a year of club control that could make Robert look even more attractive in trade if the 28-year-old is able to stay on the field and generate the kind of high-end production the White Sox enjoyed last summer. — Buster Olney
Pete Fairbanks is a very popular player this offseason. The right-handed reliever has received interest from several clubs, including the Marlins and Blue Jays, sources told ESPN. Fairbanks, 31, recorded a 2.83 ERA in 61 appearances for the Rays last season. He reached free agency after Tampa Bay, in a cost-cutting measure, did not pick up his $11 million option. His injury history could be a concern for teams, but he’s expected to land a two- or three-year deal. — Jorge Castillo
Free agent splashes dominated the winter meetings spotlight Tuesday morning, but trade winds continue to swirl in Orlando. The Boston Red Sox, Chicago Cubs and San Diego Padres are all coming up often as teams that could make a deal soon. — Jesse Rogers
The reigning AL champions are still looking to spend after a strong start to the offseason and could leave the winter meetings with a new closer. Pete Fairbanks and Robert Suarez are two names to watch in Toronto’s reliever search — Rogers
The top closer and one of the top hitters in this free agent class agreed to deals Tuesday, but don’t expect to see the best available starting pitcher come off the board next. The market for right-hander Framber Valdez is still developing and he won’t be signing with a team for a while. — Rogers
Moments after news broke of Kyle Schwarber’s return to the Phillies, the Los Angeles Dodgers made a major move of their own in signing top free agent closer Edwin Diaz. According to ESPN’s Jeff Passan, the deal is for three years and $69 million — which sets an AAV record for relievers.
The Dodgers had a clear need in the ninth going into the offseason, no matter how much they hyped up their depth publicly. But many doubted they’d go long term for the top guy in Diaz. A shorter, higher-AAV deal falls right in line with their preference. — Gonzalez
Slugger Kyle Schwarber and the Philadelphia Phillies are in agreement on a five-year, $150 million contract, sources told ESPN. Schwarber’s return to Philly takes one of the most coveted free agents of this winter off the board and could be the move that sparks a run of action as the winter meetings roll on.
The Los Angeles Dodgers aren’t expected to make major free agent moves this winter — at least not to the extent of the past two offseasons — and they’re certainly talking like a team content with where things stand.
Dodgers general manager Brandon Gomes said Monday that “there’s not as many clear paths to make the team meaningfully better.”
Still, sources have said, the Dodgers will continue to look for ways to upgrade their outfield and fortify the back end of their bullpen, with the trade market the ideal path. A center fielder would be ideal for the Dodgers because of how it would fortify the entire outfield’s defense, prompting Andy Pages and his plus arm to move to right field while Teoscar Hernandez and his shoddy defense transition to left.
But Gomes praised Pages’ center-field defense, adding that it allows the team the flexibility to pursue any outfielder. Gomes also shot down rumors of Hernandez potentially being traded.
“That doesn’t feel likely,” Gomes said. “Obviously, you can never say never on those types of things, but Teo, I know that’s come up. That’s not something we anticipate at all.” — Gonzalez
The Atlanta Braves, Pittsburgh Pirates and Colorado Rockies are among the teams interested in signing utility man Willi Castro, sources told ESPN. Castro, 28, was an All-Star in 2024 after a strong first half with the Minnesota Twins, but he regressed through the second half and into the 2025 season.
Advanced metrics indicate Castro also regressed defensively in 2025, dropping from 0 to minus-9 outs above average, but he’s a versatile defender who played second base, third base, shortstop and all three outfield spots. — Castillo
In his winter meetings availability, San Diego Padres manager Craig Stammen said the team will keep Mason Miller, Adrian Morejon and David Morgan in the bullpen rather than converting them to starters.
What complicates this decision is that the Tigers reside in the highly winnable AL Central. The theoretical path to the World Series is probably easier than it would be to come out of the AL East, with all of its financial monsters, or the AL West, where the Mariners are poised to be a formidable force for years to come. Despite a late-season collapse, the Tigers were still just a run away from playing for the AL championship two months ago.
If the Tigers decide to keep Skubal, they will have to be at peace with the reality that they’ll recoup just a fraction of Skubal’s current value when and if he departs as a free agent — through draft pick compensation. This is the part of the market equation that has compelled the Guardians to flip the likes of CC Sabathia, Cliff Lee or Francisco Lindor in past trades, and why the Brewers dealt Corbin Burnes before the 2024 season. — Olney
Sandy Alcantara is a long shot to be traded at this point, as is teammate Eury Perez, the 22-year-old right-hander whom Miami Marlins would love to sign to an extension. The most likely Marlins starter to get traded, a source familiar with the team’s thinking said, is Edward Cabrera, who is out of options and would be controllable for three years.
Cabrera, 27, posted a 3.53 ERA with 150 strikeouts and 48 walks in 137⅔ innings in 2025. The Marlins would love to use Cabrera — and potentially fellow starter Ryan Weathers, who is coming off an injury plagued season — to address their offensive needs, primarily at first base.
Cabrera, though, is among a deep crop of available starting pitchers this offseason, alongside the likes of Freddy Peralta, Kris Bubic, Mitch Keller, Joe Ryan, Hunter Greene and, most notably, Tarik Skubal. Peralta, Ryan, Greene and Skubal will most likely stay put, but they are nonetheless in trade talks. — Gonzalez
A lot of the industry is waiting on Kyle Schwarber’s free agent decision. He has both big and small market teams chasing him but most important will be what he hears from the Philadelphia Phillies, and that can come as soon as Monday or Tuesday. Will they match any offer? Will Schwarber take a little less to stay in Philadelphia? Those questions should be answered soon. — Rogers
Free agent pitcher Michael King has a half dozen suitors, including the New York Yankees, Boston Red Sox, New York Mets and Chicago Cubs, but his market hasn’t completely materialized yet. — Rogers