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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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Sources: IF Kim, Rays agree to 2-year, $29M deal

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Sources: IF Kim, Rays agree to 2-year, M deal

Infielder Ha-Seong Kim and the Tampa Bay Rays are in agreement on a two-year, $29 million contract that includes an opt-out after the first season, sources told ESPN, adding a Gold Glove winner to a Rays team that places significant emphasis on defense.

Kim, 29, who is expected to return from shoulder surgery in May, likely will start at shortstop but also has played second and third base, with his Gold Glove coming in a utility role.

The deal, which will pay Kim $13 million this season, is the most Tampa Bay has guaranteed in free agency for a position player since signing outfielder Greg Vaughn for four years and $34 million in 1999.

Before the partial tear of his right labrum required surgery, Kim was expected to land a free agent deal in the nine-figure range. With his opt-out, he can join a free agent class next year that’s thin on infielders, with shortstop Bo Bichette and second baseman Luis Arraez the only players of Kim’s caliber.

He arrived from Korea in 2021, signing with the San Diego Padres as a bat-first middle infielder. While the power Kim displayed in Korea didn’t show up as frequently as it did with the Kiwoom Heroes, his glove was a revelation, and in four seasons with the Padres, he posted double-digit wins above replacement despite never slugging above .400.

Tampa Bay enters the 2025 season with playoff aspirations but had been relatively quiet over the winter, signing catcher Danny Jansen and trading left-hander Jeffrey Springs to Oakland. The Rays used Jose Caballero and Taylor Walls at shortstop last season and are expected to do the same this year before the return of Kim.

Their infield already was a strength, with first baseman Yandy Diaz, second baseman Brandon Lowe and star-in-the-making Junior Caminero at third, with Christopher Morel, Curtis Mead, Jonathan Aranda and Richie Palacios also capable to playing on the dirt.

Shortstop Wander Franco, who was expected to be the Rays’ long-term solution at the position after signing an 11-year deal, remains on the restricted list while facing charges in the Dominican Republic of sexual abuse, sexual exploitation against a minor and human trafficking.

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Fantasy baseball rankings, projections, strategy and cheat sheets

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Fantasy baseball rankings, projections, strategy and cheat sheets

All of your fantasy baseball draft preparation needs collected in one place! Here you’ll find rankings, projections, cheat sheets, analysis and strategy. Check back every day for new content through Opening Day of the 2025 season. If this is your first time playing fantasy baseball, might we recommend starting with the basics: The Playbook: How to play fantasy baseball.

Don’t have a team yet? Create or join a league and then dive into the latest draft-prep material tailored for whatever format you prefer.


The Playbook: Become an expert in 9 innings

Inning 1: How to play fantasy baseball

Inning 2: League Formats: Which is right for you?

Inning 3: Everything you need to know about salary-cap drafts

Inning 4: How to create the ultimate cheat sheet

Inning 5: Roster optimization

Inning 6: Nine must-follow tips

Inning 7: Staying ahead of league trends

Inning 8: Using advanced stats to get ahead

Inning 9: Mastering the 2025 player pool


Rankings and cheat sheets

Cockcroft: Points-league rankings

Karabell: Head-to-head categories/rotisserie rankings


Advice from our experts

Karabell: The top 10 fantasy baseball prospects for 2025 (1/29)

Karabell: News or Noise (1/24)

Zola: What to expect from Roki Sasaki and other Asian newcomers (1/15)

Cockcroft: Reaction to Juan Soto signing with the New York Mets (12/9)


Roster-building essentials

2025 Player Projections and Outlooks

“Hot stove” free agent and player movement tracker

Live Draft Results

Closer depth chart

MLB depth charts


For Dynasty Leaguers

Dynasty Top 300 (2025 edition coming soon!)

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Steinbrenner: ‘Difficult’ to spend like Dodgers

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Steinbrenner: 'Difficult' to spend like Dodgers

New York Yankees owner Hal Steinbrenner weighed in on the Los Angeles Dodgers‘ offseason spending spree, saying it will be even more “difficult” to keep up with the reigning World Series champions.

The Dodgers have spent more than $450 million guaranteed this offseason, pushing their 2025 luxury tax payroll to approximately $390 million.

With the penalties for exceeding the $241 million threshold, the Dodgers’ total payroll for this year likely will be in excess of $500 million.

“It’s difficult for most of us owners to be able to do the kind of things that they’re doing,” Steinbrenner said during an interview with the YES Network that aired Tuesday. “We’ll see if it pays off.”

Despite losing superstar Juan Soto as a free agent to the crosstown rival Mets, the Yankees also have had an active offseason, headlined by Max Fried‘s eight-year, $218 million deal.

The Yankees currently have Major League Baseball’s third-highest luxury tax payroll at just under $303 million. The Phillies are second at just under $308 million, more than $80 million behind the Dodgers.

The Yankees were listed in March 2024 by Forbes as MLB’s most valuable franchise, worth an estimated $7.55 billion, while the Dodgers were the second-most valuable at approximately $5.45 billion.

Los Angeles’ latest free agent addition, sources told ESPN’s Jeff Passan, is reliever Kirby Yates, who agreed to a one-year deal worth $13 million.

The Dodgers also have signed free agents Blake Snell, Tanner Scott, Roki Sasaki, Michael Conforto and Hyeseong Kim; they re-signed Teoscar Hernandez and Blake Treinen; and they reached a multiyear extension with Tommy Edman.

Steinbrenner, whose Yankees lost to the Dodgers in last season’s World Series, added Tuesday that Los Angeles’ busy offseason does not guarantee another championship.

“They still have to have a season that’s relatively injury-free for it to work out for them,” Steinbrenner said. “It’s a long season as you know, and once you get to the postseason, anything can happen. We’ve seen that time and time again. We’ll see who’s there at the end.”

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