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Teams are traditionally split into two camps leading up to the Major League Baseball trade deadline — those acquiring talent and those trading it away. But the addition of a third wild-card team for each league in 2022, which created a 12-team playoff field, has helped foster a third category: opportunists.

These clubs are on the fringe of contention, aiming to take advantage of a thin trade market by putting high asking prices on some of their players, hoping a desperate contender buys in — for maximum value.

Adders. Dealers. Opportunists.

This is just one of a number of developing conditions that are helping to form the 2025 trade market. Let’s dig into all the X factors that will rule this year’s July 31 deadline based on what executives around the league are saying.

1. There could be more opportunists this year.

The Milwaukee Brewers are hovering around .500 in an absolutely stacked National League, and even though they could be within range of the division lead in July, it would be with diminished hope if the Chicago Cubs continue to build on their strong start. Additionally, it might be unlikely that in an NL packed with playoff-caliber teams — the New York Mets, Philadelphia Phillies and Atlanta Braves in the East, and the Los Angeles Dodgers, San Diego Padres, San Francisco Giants and Arizona Diamondbacks in the West — that Milwaukee could even win a wild-card spot. The Brewers have better chances of taking the NL Central (13%) than earning a wild-card berth (5.3%), according to Fangraphs.

This could lead to the Brewers doing what the Tampa Bay Rays did at the trade deadline last year — capitalize on there being so few dealers on the market. Freddy Peralta has been one of the league’s best starters this year, and he’s earning a very affordable $8 million this year, with Milwaukee holding an $8 million option for next season. If the Orioles landed him, he would instantly become their ace. For the Yankees, he could be a bedrock behind Max Fried and Carlos Rodon. If Peralta stays healthy, his value will never be higher than it is now.

The Rays were the opportunists of last summer, flipping Randy Arozarena to the Seattle Mariners with two-and-a-half years of team control remaining and trading Isaac Paredes to the Cubs despite trailing by just 1½ games for the third wild card on the last Sunday of July. Tampa Bay didn’t go into full sell mode; rather, it saw a stark trade market — “There are no good players available,” one executive said in the middle of last July — and capitalized.

It’s possible — maybe even likely — that the Brewers won’t choose this path. Owner Mark Attanasio is seen by his peers as competitive, someone who places a high value on making the playoffs. Some rival execs don’t believe Milwaukee would consider trading Peralta if the team is still within range of the Cubs, who are managed by former Milwaukee manager Craig Counsell.

But for some of the teams stuck amid the pack of contenders, it’s something worth considering:

  • St. Louis Cardinals: They’re on a winning streak, and they’ve communicated to other teams that even if they aren’t a front-runner, they might keep their tradable players in what is the last season of John Mozeliak’s tenure as head of baseball operations.

  • Minnesota Twins: They could dangle Byron Buxton, their dynamic and oft-injured center fielder, into the trade conversations. Buxton is healthy and playing well, and he’s under contract for the next three seasons at $15.1 million per year.

  • Toronto Blue Jays: Now that they’ve signed Vladimir Guerrero Jr. to anchor their team for a long time, they could look at the best ways to shape a future around him, and weigh offers for players such as Chris Bassitt.

One exec working for a contender doesn’t believe the list of opportunists will be long.

“Usually, what they ask for is unrealistic,” he said. “They’ll ask for your four best prospects and you say no and they move on and keep the player.”

2. The general mediocrity of the American League could greatly reduce its number of dealers.

The Chicago White Sox are rebuilding and open for business, but the front office of any other team in the AL could convince itself that a playoff bid is possible — because it just seems like there are few, if any, great teams.

The Baltimore Orioles might be the best working example of this phenomenon. The start of the season has been disastrous for Baltimore, which has a rotation that has been pummeled regularly. But it’s hard to imagine the Orioles surrendering early, given their success of the past two seasons and their roster of young position players. So, they could be a club that is unwilling to part ways with talent at the deadline, even if they have a losing record.

3. The teams already viewed as potential subtractors might not have the talent contenders want.

Clubs such as the Colorado Rockies, Miami Marlins and White Sox don’t have much to offer in the eyes of rival evaluators. Other teams have monitored Marlins righty Sandy Alcantara and White Sox outfielder Luis Robert Jr., but both are struggling early in the season. Alcantara has an 8.42 ERA in seven starts since his return from elbow surgery, while Robert’s early slash line is .186/.293/.326, which doesn’t boost other teams’ interest — nor the leverage of the White Sox.

4. It appears the market for outfielders will be very thin.

Typically, the upcoming free agent class serves as a tool to define most of the players who could be traded before that year’s deadline — and quite simply, in the outfield, the pickings beyond Kyle Tucker are few.

The would-be opportunists could take advantage of a really soft outfield market and get value if they’re willing to dangle outfielders under team control beyond this season. For example, the Twins could set a solid price for Buxton and the Jays would probably draw a lot of interest for Daulton Varsho, an elite defender who won’t be eligible for free agency until after the 2026 season.

5. Very few good starting pitchers are expected to be available.

If the Cardinals decide to deal players, right-hander Erick Fedde, who has a 3.86 ERA this season, could draw some interest. Fellow right-handed starter Sonny Gray is a three-time All-Star, but his contract is very backloaded — he’s owed $35 million in 2026 — and the last time he was traded to a contender midseason (from the Athletics to New York Yankees in 2017), it did not go well.

6. A Nolan Arenado trade could still be possible.

Conditions are emerging to foster this possibility, if Arenado waives his no-trade clause and if the Cardinals are willing to deal him. Normally, it’s not easy to move a position player with money attached at midseason, but contenders could be interested in acquiring the eight-time All-Star third baseman. The Cubs haven’t found a solution at third base, and the Yankees will soon try DJ LeMahieu in their ongoing attempt to fill the position. The Los Angeles Dodgers waited last season for Max Muncy to turn around a slow start, and he eventually did; this year, they’re waiting again.

Arenado, who killed a possible trade to the Houston Astros last winter, is owed about $24 million for the rest of this year, $27 million in 2026 ($5 million paid by the Rockies) and $15 million in 2027.

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Sources: Kings expected to name Holland next GM

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Sources: Kings expected to name Holland next GM

Ken Holland, who won four Stanley Cups as an executive with the Detroit Red Wings, is expected to become the next general manager of the Los Angeles Kings, multiple NHL sources told ESPN on Monday, confirming a report.

Inducted into the Hockey Hall of Fame as a builder in 2020, Holland replaces Rob Blake, the Kings’ general manager and vice president of hockey operations whose contract was not renewed after a fourth straight first-round playoff exit.

An announcement is expected later this week. Rod Pedersen, host of “The Rod Pedersen Show,” first reported the news.

Holland, 69, was the executive vice president and general manager of the Red Wings from 1997 through 2019, winning four Stanley Cups for the franchise. He was bumped upstairs in 2019 to senior vice president, clearing the way for Steve Yzerman to become the team’s general manager.

That promotion lasted only a month, as Holland left to take over the Edmonton Oilers as general manager and president of hockey operations. Powered by stars Connor McDavid and Leon Draisaitl, the team made the conference finals in 2022 and 2024, losing in Game 7 of the Stanley Cup Final last year with a roster Holland constructed. Among his key acquisitions were forward Zach Hyman (free agent) and defensemen Mattias Ekholm (via trade with Nashville) and Philip Broberg (drafted eighth in 2019). The Oilers made the playoffs in all five seasons of Holland’s tenure.

Holland’s five-year contract with the Oilers expired on July 1, 2024. Edmonton eventually hired former Blackhawks GM Stan Bowman to replace him. Since then, Holland had been working as a consultant to the NHL’s hockey operations department.

Sources told ESPN that Holland had been considering a front office role with the New York Islanders, either as team president, general manager or both. Former Montreal Canadiens GM Marc Bergevin, a senior adviser for the Kings who many believed might be their next general manager, is in the mix for the Islanders’ openings.

Kings president Luc Robitaille played for Holland’s Red Wings from 2001-2003, winning his only Stanley Cup as a player in 2002. He will now reconnect with Holland, who will take over a Kings roster that features holdovers from their Stanley Cup wins in 2012 and 2014 (Anze Kopitar and Drew Doughty), scorers in their prime (Adrian Kempe and Kevin Fiala), young players on the rise (Quinton Byfield and Brandt Clarke) and goalie Darcy Kuemper, who was a finalist for the Vezina Trophy this season.

But Los Angeles has failed to advance past the first round of the playoffs since 2014. The Kings have lost four straight first-round series to the Oilers — conveniently, Holland’s former team — including their six-game defeat this postseason.

Holland will now determine the fate of Jim Hiller, who finished his first season as Kings head coach after serving on an interim basis in 2023-24. Hiller was an assistant coach with the Red Wings for one season (2014-15) during Holland’s time in Detroit.

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Report: Oilers’ Pickard likely out rest of series

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Report: Oilers' Pickard likely out rest of series

Edmonton Oilers goaltender Calvin Pickard is expected to miss the remainder of the Western Conference semifinal series against the Vegas Golden Knights due to an injury, according to a TSN report on Monday.

Later Monday, with veteran Stuart Skinner in net, the Oilers defeated the Golden Knights, 3-0, in Game 4, securing a 3-1 series lead. Skinner made 23 saves in the victory.

Pickard has won all six starts in the net for the Oilers during this postseason run. After Edmonton lost the first two games against the Los Angeles Kings in the first round, coach Kris Knoblauch replaced Skinner, the team’s regular-season starter, with Pickard. The 33-year-old career backup posted wins in the next four games to help the Oilers oust the Kings and then earned victories in the first two games of the second round in Las Vegas.

Golden Knights forward Tomas Hertl fell into Pickard’s left leg during the Oilers’ 5-4 overtime triumph on May 8. The Moncton, New Brunswick, native finished the game but has not practiced since. With Skinner back in the net, host Edmonton lost 4-3 in Game 3, as Vegas forward Reilly Smith scored with 0.4 seconds remaining.

TSN reported “it will probably be at least a week” before Pickard could return, and during Game 4 on Monday night, Olivier Rodrigue was the backup netminder on the bench. Rodrigue, 24, played in just two games for Edmonton in his first NHL season.

Prior to Monday’s shutout, Skinner, who starred during the Oilers’ run to the Stanley Cup Final last spring, had allowed 15 goals in just 168 minutes of playing time this postseason and owns a lowly save percentage of .817. During the regular season, Skinner went 26-18-4, with a 2.81 goals-against average and an .896 save percentage.

Since falling down 2-0 to the Kings, the Oilers have won seven of eight postseason games. Game 5 is back in Las Vegas on Wednesday night.

Information from Field Level Media was used in this report.

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Canes use ‘huge’ late goals to push Caps to brink

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Canes use 'huge' late goals to push Caps to brink

RALEIGH, N..C. — The Carolina Hurricanes twice found their two-goal margin halved in the third period of their latest playoff game with the Washington Capitals.

Each time they found a prompt response.

And that pushed the Hurricanes to within a win of the Eastern Conference finals for the second time in three seasons.

Taylor Hall scored on a breakaway chance roughly three minutes after the Washington Capitals scored their first goal, then Sean Walker added one minutes after NHL all-time goals leader Alex Ovechkin struck with a 5-on-3 one-timer. Those kept the Hurricanes in control on the way to a 5-2 win Monday night, securing a 3-1 lead in the best-of-seven second-round series.

“We get an individual effort, and that’s really what those were, good plays,” Carolina coach Rod Brind’Amour said. “But burying it, finishing your chances at a crucial time in the game. … Both of those goals were huge for us.”

Both Hall and Walker finished with two points, with Walker getting the second assist on Hall’s score and Hall returning the favor by springing Walker’s surge up the ice on the way to his first career postseason goal. But the timing of the goals stood out, with each blunting the momentum of a Washington team that had been shutout for five straight periods going back to Saturday’s 4-0 loss in Game 3.

Carolina carried a 2-0 lead into the third before Jakob Chychrun beat Frederik Andersen on a feed from Matt Roy after Roy had denied Carolina’s chance to clear the zone. That score came at the 5:18 mark of the third to add a jolt of tension rippling through the Lenovo Center after Carolina had kept a firm grip on the game to that point.

But Hall — acquired in January in the blockbuster deal that brought in Mikko Rantanen as the headliner — made a veteran read to blunt that momentum.

After being knocked to the ice in the offensive zone, Hall was getting up as the Capitals pushed the puck toward the other end. But as Hall got to center ice, he was alone — Washington coach Spencer Carbery said the defense lost track of Hall behind the forecheck and were too deep in the zone — and the Hurricanes were on the verge of collecting the puck as it went around the end wall.

So Hall turned in back toward the blue line, straddling it long enough to stay onside until Jack Roslovic‘s long pass arrived to spring the breakaway chance.

“Yeah, everyone’s asking me if I was cheating for offense,” Hall said, adding; “I thought it was just something to try.”

Hall skated in and beat Logan Thompson to the glove side at the 8:24 mark, pushing the margin back to 3-1.

“It’s a read, we had possession of the puck,” Brind’Amour said. “So that’s actually a good play by him.”

The Capitals again kept the pressure on with Ovechkin’s blast past Andersen on a two-man advantage at the 12:14 mark, dampening the rowdy zeal in Carolina’s home arena. But that’s when Hall and Walker teamed up for the goal that would reassert control.

It started on a puck battle and the unusual sight of Washington’s Rasmus Sandin skating in to get the puck from Walker, only to get the blade of his stick stuck in a gap along the boards. Walker got to his feet as Hall collected the puck, then flipped a pass to Walker as he charged up the left side.

Walker hesitated to cut inside Roslovic toward the slot and beat Thompson at the 16:45 mark, pushing the lead back to 4-2 in what became a backbreaking score.

“I feel like they were backchecking really hard, so I kind of just read that,” Walker said. “Tried to be patient. Once I stepped inside, I felt like I had a good lane so I shot it, and just happy it went in.”

Ovechkin’s blast got the NHL’s career goals leader on the scoresheet for the first time this series. Thompson finished with 32 saves.

“We’re giving ourselves some opportunities, we’re just not executing, making the play, whatever you want to call it,” Washington coach Spencer Carbery said. “And making some mistakes — and they’re capitalizing.”

To that point, the Eastern Conference’s top seed got a quick start after a Game 3 shutout, starting with Connor McMichael getting a 1-on-1 chance on Andersen in the opening minute. Aliaksei Protas followed by ringing the right post shortly after.

Washington also managed only one shot on goal during a 4-minute power play, the first 3½ minutes of those coming to close the first period.

“Their penalty kill is excellent, best in the league, has been for the last, whatever, five years call it,” Carbery said. “But it can’t look like that. It cannot look like that.”

Andrei Svechnikov added the empty-net clincher less than a minute later to deny Washington’s bid to retake home-ice advantage, the capper to Carolina’s steady response amid growing third-period danger.

“I think that’s something that’s really important, especially this time of year,” Walker said. “You’ve got to answer when teams are making their push.”

Information from The Associated Press was used in this report.

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