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Just like that, the 2024-25 MLB hot stove has kicked off! We had a trade just one day after the Los Angeles Dodgers hoisted the World Series championship trophy.

All eyes this winter were on the top free agent, young slugger Juan Soto, who left the New York Yankees for a record contract with the New York Mets. But he’s not the only one who will make a splash in the market.

Which teams will go all-in to contend for a 2025 World Series title? Where will other top free agents such as Pete Alonso and Alex Bregman land? And who will make the trades and deals that have everyone buzzing?

Below is a running list of notable transactions and updates from throughout the MLB offseason.

Free agency, trade grades | Top 50 free agents | Fantasy spin

Notable MLB offseason transactions

Jan. 28

Dodgers sign All-Star reliever Yates

Right-handed reliever Kirby Yates and the Los Angeles Dodgers are in agreement on a one-year, $13 million contract, sources tell ESPN. Can get up to $14M with 55 games pitched. Grade »

Jan. 26

Cubs trade for veteran reliever Pressly

The Chicago Cubs are finalizing a trade to acquire closer Ryan Pressly from the Houston Astros, pending medical review, sources told ESPN’s Jeff Passan. Story » | Grade »


Jan. 23

Braves land All-Star outfielder in Profar

Outfielder Jurickson Profar and the Atlanta Braves are finalizing a three-year, $42 million contract, sources tell ESPN.


Jan. 20

Blue Jays add Santander to outfield

The Toronto Blue Jays and outfielder Anthony Santander are in agreement on a five-year contract worth $92.5 million, giving the team one of the best hitters available this offseason after failed attempts to land a marquee free agent in recent years. Story » | Grade »


Jan. 19

Dodgers nab Scott for bullpen

The Los Angeles Dodgers have added left-hander Tanner Scott, arguably the best relief pitcher on the free agent market, agreeing to terms on a four-year, $72 million contract, sources told ESPN on Sunday. Story » | Grade »


Jan. 17

Japanese ace Sasaki picks Dodgers

Roki Sasaki, the prized Japanese pitching prospect who has had scouts drooling over his potential since high school, has chosen the Los Angeles Dodgers as his major league team, he announced on Instagram on Friday. Story » | Grade »


Jan. 16

Winker returns to Mets on one-year deal

Outfielder Jesse Winker and the New York Mets have agreed on a one-year deal, a source confirmed to ESPN amid multiple reports Thursday. Story »


Jan. 10

Blue Jays sign top reliever Hoffman

The Toronto Blue Jays announced they have signed right-handed reliever Jeff Hoffman to a three-year, $33 million deal. Story » | Grade »


Jan. 7

Giants add Verlander on one-year deal

Right-hander Justin Verlander and the San Francisco Giants are in agreement on a one-year, $15 million contract, sources told ESPN on Tuesday, continuing the future Hall of Famer’s career at age 42 in one of the pitcher-friendliest stadiums in baseball. Story » | Grade »


Jan. 6

Reds acquire Lux in trade with Dodgers

The Cincinnati Reds acquired infielder Gavin Lux from the Los Angeles Dodgers for a draft pick and an outfield prospect, the teams announced Monday, adding another prime-age hitter to a team that hopes to ascend in the National League Central this season. Story » | Grades »


Royals bring back pitcher Lorenzen

Right-hander Michael Lorenzen and the Kansas City Royals agreed on a one-year, $7 million contract, sources told ESPN. Story » | Grade »


Jan. 3

Dodgers land star KBO infielder

The Los Angeles Dodgers are in agreement with Korean infielder Hyeseong Kim on a 3-year, $12.5 million contract, sources confirmed to ESPN on Friday. Story » | Grade »


Dec. 30

Nats sign Bell to one-year deal

The Washington Nationals have agreed to terms with first baseman Josh Bell on a one-year contract worth $6 million, according to multiple reports. Story »


Dec. 29

Cubs and Marlins swap infielders

The Chicago Cubs acquired utility man Vidal Bruján on Sunday, sending first baseman Matt Mervis to the Miami Marlins in a swap of former top-100 prospects. Story »


Dec. 28

Burnes joins D-backs on $210 million deal

Right-hander Corbin Burnes and the Arizona Diamondbacks are in agreement on a six-year, $210 million contract, sources confirmed to ESPN. Story » | Grade »


Dec. 27

Dodgers bring back All-Star outfielder Hernandez

Outfielder Teoscar Hernández and the Los Angeles Dodgers are in agreement on a three-year, $66 million contract, sources told ESPN. Story » | Grade »


Tigers add Torres to infield on one-year deal

Infielder Gleyber Torres and the Detroit Tigers are in agreement on a one-year, $15 million contract, sources tell ESPN. Story » | Grade »


Dec. 23

McCutchen returns to the Pirates

Veteran slugger Andrew McCutchen is returning to the Pittsburgh Pirates, the team announced on social media. Story »


Buehler, Red Sox agree to 1-year deal

Right-hander Walker Buehler and the Boston Red Sox are in agreement on a one-year, $21.05 million contract, sources told ESPN, sending the pitcher who secured the final out of the World Series this year to a team loading up on starting pitching as it pivots toward contention. Story » | Grade »


Rangers add veteran bat Pederson

Outfielder Joc Pederson and the Texas Rangers are in agreement on a contract pending a physical, sources tell ESPN. Story » | Grade »


Manaea returns to Mets on three-year deal

Left-hander Sean Manaea and the New York Mets are in agreement on a three-year, $75 million contract, sources told ESPN. Story » | Grade »


Dec. 22

Phillies bolster rotation with trade for Luzardo

The Philadelphia Phillies have acquired left-handed starter Jesus Luzardo from the Miami Marlins for two prospects, sources familiar with the deal told ESPN. Story » | Grades »


Nationals land 1B Lowe in trade with Rangers

The Washington Nationals on Sunday acquired first baseman Nathaniel Lowe from the Texas Rangers in exchange for lefty reliever Robert Garcia. Story » | Grades »


Dec. 21

Guardians trade Naylor to D-backs, sign Santana

The Cleveland Guardians traded first baseman Josh Naylor to the Arizona Diamondbacks on Saturday and quickly replaced him, with sources telling ESPN that they agreed to a one-year, $12 million contract with free agent Carlos Santana, bringing him back for his third stint with the team. Story » | Grades »


Goldschmidt, Yankees agree on 1-year deal

First baseman Paul Goldschmidt and the New York Yankees are in agreement on a one-year, $12.5 million contract, sources told ESPN, pairing the former National League MVP and seven-time All-Star with the American League champion in the midst of a significant overhaul. Story » | Grade »


Dec. 20

Astros bring Walker to Houston

The Houston Astros and free-agent first baseman Christian Walker have agreed to a three-year, $60 million contract, sources confirmed to ESPN amid multiple reports. Story » | Grade »


Yanks ship Trevino to Reds for Cruz, Jackson

The New York Yankees traded catcher Jose Trevino to the Cincinnati Reds for right-hander Fernando Cruz and catcher Alex Jackson, the teams announced Friday. Story »


Red Sox add rotation arm

Left-hander Patrick Sandoval and the Boston Red Sox are in agreement on a two-year, $18.25 million contract, sources tell ESPN. Story »


A’s land veteran infielder

Gio Urshela is in agreement with the Athletics on a major league contract, sources confirm to ESPN. Story »


Dec. 19

Phillies bolster outfield with Kepler

Outfielder Max Kepler and the Philadelphia Phillies are in agreement on a one-year, $10 million contract, pending a physical, sources tell ESPN. Story »


Dec. 17

Yankees land Bellinger in trade with Cubs

OF/1B Cody Bellinger has been traded from the Chicago Cubs to the New York Yankees for right-handed reliever Cody Poteet, sources tell ESPN. (New York will also receive cash considerations.) Story » | Grades »


Dec. 16

O’s, Sugano agree on 1-year, $13M deal

Right-hander Tomoyuki Sugano and the Baltimore Orioles have agreed to a contract, the team announced Monday night, uniting one of the most successful Japanese pitchers of his generation with a team in need of rotation help. The deal is for one year and $13 million, sources told ESPN. Story »


Dec. 14

A’s acquire lefty Springs from Rays

The Athletics are acquiring left-hander Jeffrey Springs in a six-player trade with the Tampa Bay Rays, the team announced Saturday, continuing their push toward contention with a significant increase in their payroll as they head into their first season in Sacramento. Story » | Grades »


Dec. 13

Cubs land three-time All-Star Tucker in deal with Astros

The Chicago Cubs are acquiring Houston Astros outfielder Kyle Tucker in exchange for third baseman Isaac Paredes, pitcher Hayden Wesneski and prospect Cam Smith, sources told ESPN’s Jeff Passan. Story » | Grades »


Yankees get All-Star closer Williams from Milwaukee

The New York Yankees are acquiring closer Devin Williams from the Milwaukee Brewers in exchange for left-hander Nestor Cortes, infield prospect Caleb Durbin and cash considerations, sources told ESPN’s Jeff Passan. Story » | Grades »


Dec. 11

Loáisiga returns to Yankees

Right-handed pitcher Jonathan Loáisiga and the Yankees have agreed on a one-year contract with a team option for 2026, a source tells ESPN. Story »


Red Sox trading for Crochet

The Boston Red Sox are acquiring left-hander Garrett Crochet in a trade with the Chicago White Sox for four highly-regarded prospects, sources tell ESPN’s Jeff Passan. Story »


Dec. 10

Marlins, Rangers agree to trade for Jake Burger

The Texas Rangers have agreed to a trade for power-hitting corner infielder Jake Burger, sources told ESPN on Tuesday. In exchange, the Miami Marlins will receive two shortstop prospects, Echedry Vargas and Max Acosta, and a young left-handed starting pitcher in Brayan Mendoza. Story » | Grades »


Eovaldi returning to the Rangers

Right-hander Nathan Eovaldi and the Texas Rangers are in agreement on a three-year, $75 million contract, sources tell ESPN. Story » | Grade »


Guardians and Blue Jays complete trade

The Toronto Blue Jays are finalizing a trade to acquire three-time Gold Glove-winning second baseman Andres Gimenez from the Cleveland Guardians, sources tell ESPN. Story » | Grades »


Yankees land Fried on $218 million contract

Left-hander Max Fried and the New York Yankees are in agreement on a eight-year, $218 million contract, pending physical, sources tell ESPN. It is the largest guarantee in baseball history for a left-handed pitcher. Story » | Grade »


Blue Jays sign pitcher Garcia

The Toronto Blue Jays and right-hander Yimi Garcia are in agreement on a two-year, $15 million contract, a source told ESPN on Tuesday. Story »


Dec. 9

Phillies add Romano to bullpen

Closer Jordan Romano and the Philadelphia Phillies are in agreement on a free agent contract, pending physical, sources tell ESPN. Romano was nontendered by Toronto earlier this offseason. Story » | Grade »


Dec. 8

Mets sign Soto for MLB record $765 million

Superstar outfielder Juan Soto and the New York Mets are in agreement on a 15-year, $765 million contract, sources tell ESPN. It is the largest deal in professional sports history. Story » | Grade »


Conforto joins Dodgers on $17 million deal

Outfielder Michael Conforto joined the Dodgers on a one-year deal. Story » | Grade »


Dec. 7

Giants, Adames agree on 7 years, $182M

Shortstop Willy Adames and the San Francisco Giants are in agreement on a seven-year, $182 million contract, the largest outlay in franchise history, sources told ESPN on Saturday. Story » | Grade »


O’s land O’Neill

Outfielder Tyler O’Neill and the Baltimore Orioles are in agreement on a three-year, $49.5 million contract, a source told ESPN, filling a void created by the free agency of slugging outfielder Anthony Santander. Story » | Grade »


Dec. 6

Mets sign Holmes … as a starter

Right-hander Clay Holmes and the New York Mets are in agreement on a three-year, $38 million contract with an opt-out after the second year, sources confirmed to ESPN’s Jeff Passan on Friday night. Story » | Grade »


Rays add catcher Jansen

Catcher Danny Jansen and the Tampa Bay Rays are in agreement on a one-year, $8.5 million contract that includes a mutual option for a second season, sources tell ESPN.


Dec. 5

A’s sign Severino to franchise-record contract

Right-hander Luis Severino and the Athletics are in agreement on a three-year, $67 million free agent contract that is the largest guarantee in the franchise’s history, sources told ESPN. Story » | Grade »


Dec. 3

Red Sox add Chapman to bullpen

Left-handed reliever Aroldis Chapman and the Boston Red Sox are in agreement on a one-year, $10.75 million contract, pending physical, sources tell ESPN. Story » | Grade »


Dec. 2

Cubs sign pitcher Boyd to two-year deal

The Chicago Cubs have added Matthew Boyd to their rotation in their first big offseason move, agreeing to a $29 million, two-year contract with the veteran left-hander, sources confirmed to ESPN. Story » | Grade »


Mets add to rotation with Montas signing

Right-hander Frankie Montas and the New York Mets are in agreement on a two-year, $34 million contract, sources told ESPN. Story » | Grade »


Nov. 26

Dodgers make splash with Snell signing

Left-hander Blake Snell and the Los Angeles Dodgers are in agreement on a five-year, $182 million contract, pending physical, sources tell ESPN. Story » | Grade »


Nov. 25

Angels add to rotation in yet another move

Left-handed starter Yusei Kikuchi is in agreement with the Los Angeles Angels on a three-year, $63 million contract, sources confirmed to ESPN on Monday. Story » | Grade »


Nov. 22

Royals trade for position players

The Kansas City Royals traded right-handed pitcher Brady Singer to the Cincinnati Reds for infielder Jonathan India and outfielder Joey Wiemer, the teams announced on Friday. Story » | Grades »


Nov. 20

Cubs add reliever in deal with Guardians

The Chicago Cubs are acquiring right-handed reliever Eli Morgan in a trade with the Cleveland Guardians, sources tell ESPN.


Nov. 19

Mets get outfield help in deal with Rays

The New York Mets have acquired outfielder Jose Siri from the Tampa Bay Rays for reliever Eric Orze. Story »


Nov. 18

Martinez accepts qualifying offer to stay with Reds

Right-hander Nick Martinez accepted the Cincinnati Reds‘ $21.05 million qualifying offer, multiple outlets reported Monday. Story »


Nov. 14

Angels sign infielder Newman to one-year deal

The Los Angeles Angels and infielder Kevin Newman agreed to a one-year $2.5 million contract with a club option for 2026, the team announced . Story »


Red Sox add reliever Wilson

Left-hander Justin Wilson and the Boston Red Sox have agreed to a $2.25 million, one-year contract, according to multiple reports. Story »


Nov. 12

Angels sign d’Arnaud to two-year deal

Catcher Travis d’Arnaud and the Los Angeles Angels are in agreement on a two-year, $12 million contract. Story » | Grade »


Nov. 6

Hedges returns to Guardians on one-year deal

Catcher Austin Hedges and the Cleveland Guardians are in agreement on a one-year contract, sources tell ESPN. Story »


Angels add veteran arm to rotation

Kyle Hendricks is in agreement with the Los Angeles Angels on a one-year, $2.5 million deal, sources tell ESPN. Story » | Grade »


Nov. 3

Royals re-sign Wacha to 3-year deal

Right-hander Michael Wacha and the Kansas City Royals are in agreement on a three-year, $51 million contract, sources tell ESPN. The deal includes a club option and can max out at four years, $72 million. Story » | Grade »


Oct. 31

Braves make first splash of offseason

The Atlanta Braves are trading outfielder Jorge Soler to the Los Angeles Angels and will receive right-hander Griffin Canning, sources tell ESPN. Story » | Grade »

Key MLB offseason dates

Dec. 9-12: Winter meetings in Dallas, Texas

Dec. 11: Rule 5 draft

Jan. 9: Deadline for teams and arbitration-eligible players to submit salary figures

End of January: Arbitration hearings begin

Feb. 22: Spring training games begin

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Gregory, in second season, promoted to Vandy DC

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Gregory, in second season, promoted to Vandy DC

NASHVILLE, Tenn. — Vanderbilt coach Clark Lea has promoted Steve Gregory to defensive coordinator and Nick Lezynski to co-defensive coordinator, the school announced Monday.

Lea served as his own defensive coordinator last season after he demoted the previous coordinator, Nick Howell, following the 2023 season.

Gregory was associate defensive coordinator and secondary coach. He joined Vanderbilt following five seasons as an NFL assistant.

Lezynski is entering his fourth season at Vanderbilt. He was hired as linebackers coach and was promoted to defensive run game coordinator in 2023.

Under Lea’s direction, Gregory and Lezynski helped the Vanderbilt defense show marked improvement. The scoring defense rose from 126th in 2023 to 50th in 2024 and rushing defense from 104th to 52nd. Vanderbilt held consecutive opponents under 100 rushing yards (Virginia Tech and Alcorn State) for the first time since 2017, and a 17-7 win over Auburn marked the lowest point total by an SEC opponent since 2015.

The Commodores were 7-6, their first winning record since 2013.

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Source: Texas eyes ex-WVU coach Brown for role

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Source: Texas eyes ex-WVU coach Brown for role

Texas is targeting former West Virginia and Troy coach Neal Brown for a role on its 2025 coaching staff, a source confirmed to ESPN.

The role is still to be determined, and a deal is not finalized but could be soon, the source said. Brown spent the past six seasons coaching West Virginia and went 37-35 before being fired in December. He went 35-16 at Troy with a Sun Belt championship in 2017.

247 Sports first reported Texas targeting Brown.

The 44-year-old Brown spent time in the state as offensive coordinator at Texas Tech from 2010 to 2012. He also held coordinator roles at Troy and Kentucky.

After back-to-back College Football Playoff appearances, Texas is set to open spring practice March 17.

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Sources: FSU, Clemson, ACC expected to settle

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Sources: FSU, Clemson, ACC expected to settle

Florida State and Clemson will vote Tuesday on an agreement that would ultimately result in the settlement of four ongoing lawsuits between the schools and the ACC and a new revenue-distribution strategy that would solidify the conference’s membership for the near future, sources told ESPN on Monday.

The ACC board of directors is scheduled to hold a call Tuesday to go over the settlement terms. In addition, Florida State and Clemson have both called board meetings to present the terms at noon ET Tuesday. All three boards must agree to the settlement for it to move forward, but sources throughout the league expect a deal to be reached.

According to sources, the settlement includes two key objectives: establishing a new revenue-distribution model based on viewership and a change in the financial penalties for exiting the league’s grant of rights before its conclusion in June 2036.

This new revenue-distribution model — or “brand initiative” — is based on a five-year rolling average of TV ratings, though some logistics of this formula remain tricky, including how to properly average games on the unrated ACC Network or other subscription channels. The brand initiative will be funded through a split in the league’s TV revenue, with 40% distributed evenly among the 14 longstanding members and 60% going toward the brand initiative and distributed based on TV ratings.

Top earners are expected to net an additional $15 million or more, according to sources, while some schools will see a net reduction in annual payout of up to about $7 million annually, an acceptable loss, according to several administrators at schools likely to be impacted, in exchange for some near-term stability.

The brand initiative is expected to begin for the coming fiscal year.

The brand fund, combined with the separate “success initiatives” fund approved in 2023 and enacted last year that rewards schools for postseason appearances, would allow teams that hit necessary benchmarks in each to close the revenue gap with the SEC and Big Ten, possibly adding in the neighborhood of $30 million or more annually should a school make a deep run in the College Football Playoff or NCAA basketball tournament and lead the way in TV ratings.

The success initiatives are funded largely through money generated by the new expanded College Football Playoff and additional revenue generated by the additions of Stanford, Cal and SMU, each of which is taking a reduced portion of TV money over the next six to eight years, while the new brand initiative will involve some schools in the conference receiving less TV revenue than before.

As a result of their inclusion in the College Football Playoff this past season, SMU athletic director Rick Hart said, the Mustangs and Tigers each earned $4 million through the success initiatives.

Sources have suggested Clemson and Florida State would be among the biggest winners of this brand-based distribution, though North Carolina and Miami are others expected to come out with a higher payout. Georgia Tech was actually the ACC’s highest-rated program in 2024, based in part on a Week 0 game against Florida State and a seven-overtime thriller against Georgia on the final Friday of the regular season.

Basketball ratings will be included in the brand initiative, too, but at a smaller rate than football, which is responsible for about 75% of the league’s TV revenue.

If ACC commissioner Jim Phillips is able to get this to the finish line Tuesday, it would be a big win for him and for the conference during a time of unprecedented change in collegiate athletics — particularly for a league that many speculated would break apart when litigation between the ACC and Florida State and Clemson began in 2023.

Both schools would consider it a win as well after they decided to file lawsuits in their home states in hopes of extricating themselves from a grant of rights agreement that, according to Florida State’s attorneys, could have meant paying as much as $700 million to leave the conference. The ACC countersued both schools to preserve the grant of rights agreement through 2036.

Although the settlement will not make substantive changes to the grant of rights, it is expected that there will be declining financial penalties for schools that exit before 2036, with the steepest decreases coming after 2030 — something that would apply to any ACC school, not just Clemson and Florida State.

The specific financial figures for schools to get released from the grant of rights were not readily available. But the total cost to exit the league after the 2029-30 season is expected to drop below $100 million, sources said.

The current language would require any school exiting before June 2036 to pay three times the operating budget — a figure that would be about $120 million — plus control of that team’s media rights through the conclusion of the grant of rights.

This was seen as a critical piece to the settlement, allowing flexibility for ACC schools amid a shifting college football landscape, particularly beyond the 2030 season, when TV deals for the Big Ten (2029-30), Big 12 (2030) and the next iteration of the College Football Playoff (2031) come up for renewal — a figure Florida State’s attorneys valued at more than $500 million over 10 years.

Sources told ESPN that there’d just be one number to exit the league, not the combination estimated by FSU of a traditional exit fee and the loss of media from the grant of rights.

In addition to securing the success and brand initiatives, viewed within the league as progressive ideas to help incentivize winning, Phillips also guided the recently announced ESPN option pickup to continue broadcasting the ACC through 2036.

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