The 2023-24 MLB hot stove is upon us. All eyes are on the top free agent, two-way star Shohei Ohtani, who became the first $700 million player professional sports history.
Which teams will go all-in to contend for a 2024 World Series title? Where will other top free agents, such as Cody Bellinger and Blake Snell, land? Who will make the trades that has everyone buzzing?
Below is a running list of notable transactions and updates from throughout the MLB offseason.
Right-hander Jack Flaherty and the Detroit Tigers have agreed to a one-year, $14 million contract, sources told ESPN’s Jeff Passan. Story »
Mahle heads to Texas on two-year deal
Right-handed starter Tyler Mahle and the Texas Rangers are in agreement on a two-year, $22 million contract, sources told ESPN. Mahle underwent Tommy John surgery in May and should return this season, and he can earn another $5 million in performance bonuses based on IP in 2025.
The San Francisco Giants have landed KBO outfielder Jung Hoo Lee on a six-year, $113 million deal that has an opt-out after four seasons, sources tell ESPN. Story » | Grade »
Shohei Ohtani signed a historic 10-year, $700 million contract with the Los Angeles Dodgers on Saturday, posting on Instagram that he would play for his former team’s crosstown rival starting next season after spending six seasons with the Los Angeles Angels. Story » | Grade »
Right-handed reliever Jorge Lopez and the New York Mets are in agreement on a one-year, $2 million contract, sources tell ESPN. Story »
Dec. 6
Reds continue winter spree, add Candelario
Infielder Jeimer Candelario and the Cincinnati Reds are in agreement on a three-year, $45 million contract, sources tell ESPN. Candelario, 30, joins a young Reds team that has spent $87 million on free agents this winter. Story » | Grade »
Left-handed starter Eduardo Rodriguez and the Arizona Diamondbacks are in agreement on a four-year contract for around $20 million a year, pending physical, sources familiar with the agreement tell ESPN. Story » | Grade »
Right-hander Erick Fedde and the Chicago White Sox are in agreement on a two-year, $15 million contract, sources tell ESPN. Fedde, 30, went 20-6 with a 2.00 ERA for the NC Dinos in the KBO, where he was named MVP this year.
Devenski returns to Rays
Right-handed reliever Chris Devenski and the Tampa Bay Rays are in agreement on a one-year contract with a club option, sources tell ESPN.
Right-hander Nick Martinez and the Cincinnati Reds agreed on a two-year, $26 million contract that includes an opt-out after the first season, sources told ESPN. Story »
Nov. 29
Severino joins Mets on one-year deal
Right-hander Luis Severino and the New York Mets on Wednesday agreed to a one-year, $13 million contract, sources told ESPN, sending the longtime Yankee to a Mets team that plans to spend its winter upgrading a depleted rotation. Story » | Grade »
The St. Louis Cardinals have agreed to a deal with free agent pitcher Sonny Gray, according to ESPN and multiple reports. Gray, 34, joins a revamped Cardinals rotation that also includes recent free-agent additions Lance Lynn and Kyle Gibson. Story » | Grade »
Right-hander Kenta Maeda and the Detroit Tigers are in agreement on a two-year, $24 million contract, sources familiar with the deal tell ESPN. Detroit has been all over mid-tier pitching, and the 35-year-old Maeda stays in the American League Central. Story » | Grade »
Right-hander Lance Lynn and the St. Louis Cardinals agreed on a one-year contract with a club option that guarantees $10 million and reunites the 36-year-old with the team that drafted him a decade and a half ago, sources familiar with the deal told ESPN. Story » | Grade »
Pitcher Yoshinobu Yamamoto is expected to be posted Monday, a source tells ESPN’s Buster Olney. That means the 45-day negotiating window for MLB teams will start Tuesday. Story »
Atlanta is exercising its $20 million option on the right-handed starter, sources tell ESPN, despite significant discussion within the organization about declining it. Story »
Key MLB offseason dates
Dec. 4-7: Winter meetings in Nashville, Tennessee
Dec. 6: Rule 5 draft
Jan. 12: Deadline for teams and arbitration-eligible players to submit salary figures