We're keeping track of all the latest free agent and trade rumors.

Dec. 28: Latest on the market for starting pitchers

The D-backs pulled off a stunner late Friday night (or early Saturday morning, depending on your time zone), agreeing to a six-year, $210 million deal with right-hander Corbin Burnes, a source told MLB.com’s Mark Feinsand. It wasn’t just the timing of the deal -- it was that Arizona had not generated much buzz as a contender for Burnes.

Rather, it was the Blue Jays and Giants who had been pegged as favorites for the ace right-hander, with the Orioles perhaps still in the picture to try to retain him. All three of those clubs are still in the market for starting pitching, but the options have dwindled.

With Burnes, Sean Manaea (Mets) and Walker Buehler (Red Sox) coming off the board over the past week, Jack Flaherty and Nick Pivetta are the best remaining free agents among established MLB arms. Japanese phenom Roki Sasaki is also searching for a team, though he isn’t expected to make his decision until the new international signing period opens on Jan. 15.

Andrew Heaney, José Quintana, Max Scherzer, Justin Verlander, Charlie Morton, Kyle Gibson and Michael Lorenzen are some of the other starters still available.

With the supply of difference-making options short and the prices for free-agent starters remaining high, we could see continued activity on the trade market.

Jesús Luzardo (Phillies) became the latest starter to be dealt last Sunday, joining Garrett Crochet (Red Sox), Jeffrey Springs (Athletics), Nestor Cortes (Brewers) and Brady Singer (Reds) among the notable starting pitchers who have been traded this offseason.

The Mariners’ Luis Castillo, the Padres’ Dylan Cease and the Twins’ Pablo López are some of the big-name starters who have been mentioned in recent trade rumors. López, 28, is entering the second year of a four-year contract extension that he signed in '23. He is owed about $65 million ($21.75 million average annual value) through 2027. Castillo is also signed to a long-term contract -- he’s owed $68.25 million ($22.75 million AAV) over the next three years and has a $25 million vesting option for 2028. Cease, meanwhile, can become a free agent next offseason.

Now that they've added Burnes, it's possible the D-backs will make more of an effort to trade Jordan Montgomery, as Feinsand noted. Montgomery, who is owed $22.5 million in 2025, is the odd man out in a rotation that also includes Burnes, Zac Gallen, Merrill Kelly, Eduardo Rodriguez and Brandon Pfaadt.

According to ESPN's Jeff Passan (subscription required), other trade candidates include the Rangers’ Jon Gray, the Cardinals’ Erick Fedde and the Twins’ Chris Paddack, each of whom is entering the final year of his contract. (Gray is owed $13 million, while Fedde and Paddack are owed $7.5 million apiece.)

The Astros' Framber Valdez (controllable through 2025) also looked like a possibility to be traded, especially after Houston dealt fellow pending free agent Kyle Tucker to the Cubs, but Passan reports that the club has told rival executives that it plans to keep the lefty.

Dec. 28: Giants have Alonso 'on their radar' (report)

With several marquee free agents signing during and just after the Winter Meetings, Alonso is one of the top candidates remaining on the market. His free agency is also interesting because after Christian Walker signed with the Astros and Paul Goldschmidt agreed to terms with the Yankees, Alonso's market is shrinking.

While the Mets, for whom Alonso has played his entire MLB career so far, are still rumored to have interest in re-signing the slugging first baseman, a report in the San Francisco Chronicle indicates that the Giants have him "on their radar" as the club continues to pursue offensive upgrades after signing shortstop Willy Adames to the largest contract in franchise history. More >

Dec. 27: What does the outfield market look like after Teoscar deal?

Power-hitting outfielder Teoscar Hernández has agreed to a three-year deal to return to the Dodgers with a club option for 2028, a source told MLB.com's Mark Feinsand. With Hernández off the board, how might the rest of the outfield market shake out?

For one, Hernández's deal means Anthony Santander becomes the clear top free-agent outfielder on the market. The Blue Jays are viewed as a top suitor for Santander, who slugged 44 homers and posted an .814 OPS for the Orioles in 2024. Jurickson Profar is another big bat on the open market, with Harrison Bader and Michael A. Taylor the top available free-agent center fielders.

Outfielders Luis Robert Jr. and Seiya Suzuki have been mentioned as top trade candidates. Both were linked to the Dodgers, but L.A.'s pact with Hernández lessens the chances either ends up with the defending World Series champions. Now that Hernández is off the board, the remaining teams searching for outfield help could make their moves soon.

Dec. 27: Are the Tigers still in the mix for Bregman?

Former Yankees infielder Gleyber Torres has signed a one-year, $15 million deal with the Tigers in free agency. Colt Keith, who made all of his defensive appearances at second base as a rookie in 2024, is moving to first to make room for Torres, according to president of baseball operations Scott Harris.

The move to add Torres may lessen the Tigers’ chances of landing Alex Bregman, though the decision to shift Keith to first base rather than third leaves the door open for a potential deal with Bregman.

While Detroit's infield is now more crowded, the team's third-base options haven't changed, with Matt Vierling, Zach McKinstry, Andy Ibáñez and Jace Jung (MLB Pipeline’s No. 62 overall prospect) all in the mix for playing time at the hot corner.

In terms of projected WAR for the 2025 season, FanGraphs ranks the Tigers' third-base situation 22nd in MLB, so Bregman (projected for 4.2 WAR) would represent a significant upgrade. He also seemingly fits from a financial perspective. Torres' deal puts the Tigers' estimated payroll at $109 million, potentially leaving room in their budget for another major expenditure such as Bregman.

Dec. 26: 'Sizable gap' in talks between Alonso, Mets (report)

A reunion between first baseman Pete Alonso and the Mets is still a possibility, but the two sides apparently still have some work to do. MLB Network insider Jon Heyman reported Thursday in the New York Post that there is a "sizable gap" when it comes to negotiations on bringing back the slugger on a free-agent deal.

New York has long seemed like one of the most likely destinations for Alonso, but the Mets seem to have alternatives in mind at first base. Heyman wrote that the Mets could move postseason standout Mark Vientos to first base and leave third base an open competition among Brett Baty, Mets No. 6 prospect Ronny Mauricio and others.

Several major dominos have fallen in the first-base market over the past few days, with the Astros (Christian Walker), Yankees (Paul Goldschmidt), D-backs (Josh Naylor), Guardians (Carlos Santana) and Nationals (Nathaniel Lowe) all making moves at the position. A number of those clubs were once seen as potential fits for Alonso.

The Mariners were connected to Walker, Goldschmidt and Santana, but they likely don’t have room in their budget for Alonso. Ryan Divish and Adam Jude of The Seattle Times (subscription required) have reported that Seattle only has about $15 million available in its 2025 budget.

The Giants were mentioned among the teams interested in Goldschmidt as well, but they haven't been linked to Alonso yet.

“[Alonso] is sort of a man without a market at the moment,” MLB.com’s Mark Feinsand said Friday on MLB Network in the wake of Walker’s agreement with the Astros.

But as long as Alonso is still available and the position remains unsettled for the Mets, the two sides will likely continue to be linked.

Dec. 23: Rangers stay busy, reportedly add Pederson on two-year deal

The Rangers and free-agent DH Joc Pederson have agreed to terms pending a physical, according to multiple reports. According to ESPN's Buster Olney, the agreement is for two years and $37 million, though Pederson can opt out after one season.

The move to add Pederson comes one day after Texas traded first baseman Nathaniel Lowe to the Nationals. With Lowe gone, Jake Burger could slot in as the Rangers’ new starting first baseman, opening up the DH spot for Pederson (at least against right-handed pitching). The club acquired Burger from the Marlins on Dec. 11.

After following up their 2023 World Series title with a 78-win season in 2024, the Rangers have had a busy offseason. In addition to the aforementioned moves, the team re-signed starter Nathan Eovaldi and added catcher Kyle Higashioka and a quartet of relievers (lefty Hoby Milner and righties Jacob Webb, Shawn Armstrong and Luis Curvelo) in free agency.

According to a report from The Athletic's Ken Rosenthal (subscription required), re-signing free-agent closer Kirby Yates remains a priority for Texas. Yates was one of a number of Rangers relievers who hit free agency in November, along with José Leclerc, David Robertson, Andrew Chafin and José Ureña.

Dec. 23: Rangers met with Sasaki, Giants 'believed to have met' with him (reports)

The Rangers met with Sasaki last week, general manager Chris Young told reporters on Monday. While Texas has what appears to be a complete starting rotation after re-signing veteran right-hander Nathan Eovaldi, Sasaki is the type of superstar that any club would like to be able to sign, particularly since he'll be signing as an international amateur and therefore won't be as expensive as other recent pitchers from Japan, including Yoshinobu Yamamoto and Shota Imanaga.

The Giants, meanwhile, are "believed to have met" with Sasaki, according to a report in the San Francisco Chronicle. More >

Dec. 20: Blue Jays open to trading Bichette; eyeing Bregman (report)

At the beginning of the offseason, Blue Jays general manager Ross Atkins told MLB Network insider Jon Paul Morosi that his answer was “an easy no” to any trade inquiries about shortstop Bo Bichette. Less than two months later, the club’s stance on trading the upcoming free agent appears to have softened a bit.

According to The Athletic's Ken Rosenthal (subscription required), a Bichette trade is one of three major moves that are “in play” for the Blue Jays as they look to remove some of the uncertainty surrounding their starting lineup. Toronto is also eyeing free-agent third baseman Alex Bregman and talking to first baseman Vladimir Guerrero Jr. about a long-term contract extension. Guerrero, like Bichette, can become a free agent after the 2025 season.

After falling short in their pursuits of Shohei Ohtani and Juan Soto in back-to-back offseasons, “[t]he perception within the industry remains that the Jays are desperate to do something big,” Rosenthal writes.

A Bichette trade would clear the way for Andrés Giménez -- acquired from the Guardians during the Winter Meetings -- to take over as the Blue Jays' new starting shortstop and add some more financial flexibility for the team to make another big addition, such as Bregman. Bichette is owed $16.5 million in the final year of the three-year, $33.6 million contract he signed before the 2023 season, covering his final three arbitration years.

That said, a Bichette trade remains unlikely. Rosenthal reports that Toronto is open to moving Bichette, but only for a high price. It’s going to be tough to find a team willing to meet the team’s demands when Bichette has only one year of control remaining and is coming off his worst season, one in which he missed almost three months with a right calf strain and posted a 71 OPS+ with four homers over 81 games.

Dec. 21: Mets continue to show interest in Bregman (report)

The Mets continue to have interest in signing third baseman Alex Bregman, and the team is seen as "a legitimate potential landing spot" for him, according to Mike Mayer of Metsmerized Online.

The Mets currently have Mark Vientos at third base, but they could decide to move him to first base in order to make room for Bregman. If the Mets do add Bregman and put Vientos at first, would that mean the club is moving on from first baseman Pete Alonso? More >

Dec. 20: Walker's deal with Astros likely closes the door on Bregman reunion

The Astros and free-agent first baseman Christian Walker are in agreement on a contract, a source tells MLB.com's Mark Feinsand. USA Today's Bob Nightengale reports that the deal is for three years at $60 million.

Walker was one of the most coveted first basemen on the open market as the 33-year-old hit 95 home runs over the past three seasons with the D-backs and won a Gold Glove in each of those years. The Astros had a clear need at first, where their top in-house option was Jon Singleton. But his inability to hit left-handed pitching (.457 OPS in 82 PA this past season) leaves him best suited as more of a platoon bat.

Houston pivoted to Walker after third baseman Nolan Arenado used his no-trade clause to block a deal that would have sent him from the Cardinals to the Astros (per sources).

As Feinsand noted Friday on MLB Network, the move to add Walker likely closes the door on the possibility of a reunion with free agent Alex Bregman. Isaac Paredes -- acquired from the Cubs in the Kyle Tucker trade -- is now locked in as the team's new starting third baseman.

"Paredes would have moved over to first if they had gotten Arenado or re-signed Bregman," Feinsand said. "Now Christian Walker takes that first-base spot and you have to assume that means the end of any talks for Arenado or Bregman to come to Houston."