The first marquee free agent has come off the board, with the Dodgers agreeing to a five-year deal with Blake Snell Tuesday.
It's a reminder that hot stove season is here, and so are Chris Towers and I to guide you through the transactions of actual consequence for Fantasy Baseball. That's right: You've landed in the place where we'll react to them as they happen, breaking down what they mean for 2025 drafts.
Aside from Snell, Juan Soto, Corbin Burnes, Pete Alonso, and Garrett Crochet are among the top players that could change hands this offseason. As the news comes in, you'll be glad you have one stop for keeping track of it all.
So bookmark this page and keep checking back. You never know what move could reshape your entire draft plan.
Aroldis Chapman signs with Red Sox
About four months away from the start of the season, it's nearly impossible to say what the Red Sox plans for the back end of the bullpen are, but Chapman surely figures to be part of them now. Their returning saves leader is a tie between Justin Slaten and Josh Winckowski, who all had two each last season, while their most experienced in-house closer option is Liam Hendriks, who has pitched just five innings since 2022 after recovering from leukemia and then Tommy John surgery. Chapman is no longer the lights-out closer he was at his best, but the soon-to-be 37-year-old still strikes out nearly 40% of opposing batters (despite losing a tick or two off fastball last season) and can get the job done on a one-year deal. At this point, it makes sense to treat him like the favorite for the ninth inning in Boston in 2025, at least until we see what Hendriks looks like in the spring – for what it's worth, Hendricks' fastball velocity was down 2-3 mph in his brief minor-league rehab assignment toward the end of last season, which doesn't bode well. --Chris Towers
Matthew Boyd signs with Cubs
Another retread-gone-right, Boyd is earned a two-year deal with the Cubs after a successful eight-start run with the Guardians in 2024. Boyd posted a 2.72 ERA in his return from Tommy John surgery last season, with underlying peripherals that mostly backed it up – thanks, in large part, to a strong 27.7% strikeout rate. Boyd's velocity was mostly back up to pre-injury levels, though that still makes him a soft-tosser at this point, so his success will be based on his effective his slider/changeup combo can be. Both pitches were excellent in 2024, but the underlying pitch characteristics don't necessarily back up what he accomplished, with most pitch modeling metrics suggesting Boyd was a below-average pitcher in 2024. A year further removed from surgery, maybe Boyd can take another step forward and find success with a pretty clear path to a rotation spot for the Cubs, but he doesn't have to be much more than a late-round, bench-spot flier even in deeper leagues. --Chris Towers
Frankie Montas signs with Mets
The Mets have a rotation to rebuild, and the first step was adding a pitcher coming off a down year split between the Reds and Brewers. Or maybe calling it a "down year" is soft-pedaling given that it was Montas' first back from surgery to the labrum in his right shoulder. His velocity was basically up to snuff, though, and he did see his K/9 rate jump from 7.5 in his 19 starts with the Reds to 11.0 in his 11 starts with the Brewers. Even prior to the 2023 shoulder surgery, his career was defined by inconsistency due to the on-again, off-again nature of his splitter. The Mets fared well with reclamation projects like Sean Manaea and Luis Severino last season and have agreed to pay Montas $34 million over the next two, so they clearly see something they like. We shouldn't rule out a bounce-back season, particularly since the cost in Fantasy will be so low. --Scott White
Blake Snell signs with Dodgers
To the surprise of no one, the Dodgers have landed the first marquee free agent of the offseason, agreeing to a five-year $182 million deal with Blake Snell Tuesday. It's a big commitment for what's been the model organization the past few years and may go a long way toward allaying fears about Snell's irregularities. While he's put together a 2.82 ERA, 1.16 WHIP and 12.0 K/9 over the past three seasons, much has been made about the way he came about those numbers. For more, check out my full-length article breaking down the signing. --Scott White
Yusei Kikuchi signs with Angels
The three-year, $63 million deal is a modest one for a pitcher who seemed to have real momentum heading into the offseason, having just put together a 2.70 ERA, 0.93 WHIP and 11.4 K/9 in his 10 starts for the Astros. The improved performance coincided with Kikuchi roughly doubling his slider usage, and his 2025 destination matters less for his Fantasy value than whether or not he sticks to that approach.
He has always missed bats at a good rate but has gotten inconsistent results due to questionable pitch selection and a penchant for hard contact. Going to the Angels gives him a lower margin for error than if he had gone to a true contender and also does nothing to soften his vulnerability to the long ball, but again, his success is tied more to continuing his slider-heavy approach. And for that, we'll just have to wait and see. I cautiously rank him just inside my top 50 starting pitchers for 2025, but he has the upside for more. --Scott White
Jonathan India traded for Brady Singer
Unfortunately, this trade is close to a worse-case scenario for the two major players involved. India goes from the most favorable park for home runs -- i.e., one of the few where his fringy power plays -- to one of the least favorable. According to Statcast, his 63 career home runs would be 42 if he played every game at Kauffman Stadium. Obviously, the reverse move is bad for Singer, a pitcher who's on the more pitch-to-contact side of the ledger, but since he generally puts the ball on the ground, maybe it's not as bad. Then again, he has a career 3.92 ERA at home in Kauffman Stadium compared to a 4.74 ERA everywhere else.
Neither India nor Singer figured to be a hot commodity prior to this trade, and both might go undrafted now in shallower leagues. India is a little more useful in points leagues because of his on-base skills, and both he and Singer at least stand to be high-volume plays. India's removal does free up some of the Reds' infield logjam with Matt McLain expected back, penciling in Noelvi Marte at third base again. --Scott White
Nick Martinez signs with Reds
Rather than test the free agent market, Martinez accepted the Reds' qualifying offer of $21.05 million, which isn't altogether surprising given that it now represents roughly 40 percent of his career MLB earnings. That the Reds extended the offer is telling. They had a front-row seat to the 34-year-old's career season and bought in hard at an amount that virtually guarantees he'll be a full-time starter rather than reverting to a swingman role.
Perhaps, then, we should take Martinez just as seriously. He's always had a killer changeup, and he became a strike-thrower of the highest order in 2024, boasting the third-best walk rate among pitchers with at least 100 innings. His home run prevention was probably too good to be true, particularly for pitching half his games in Cincinnati, but he won't be priced for another 3.10 ERA. More likely, he'll be sort of a poor man's Jose Berrios or Zach Eflin, good for piling up innings with a low WHIP, and he takes on added value in Head-to-Head points leagues due to his relief pitcher eligibility. --Scott White
Travis d'Arnaud signs with Angels
Finally freed of his catching tandem with Sean Murphy, d'Arnaud was quick to put himself in another one, this time with up-and-comer Logan O'Hoppe. It's frustrating for a couple reasons, one being that O'Hoppe loses some of the volume that made him so attractive for Fantasy, likely going from a 75 percent workload share to 60 percent or less, and the other being that d'Arnaud himself could have pursued a full-time role. Instead, d'Arnaud figures to remain a fringe second catcher for two-catcher leagues, and while O'Hoppe doesn't necessarily slide down the rankings -- he was already regarded as a low-end No. 1 -- his upside takes a hit. Maybe his .196 batting average in the second half is evidence he was overworked, but even if it improves, his counting stats will be capped.
Meanwhile, Murphy has a golden opportunity to reestablish himself in Atlanta after bombing for the past season-and-a-half there. Injuries have likely contributed to his struggles, as has irregular playing time due to the presence of d'Arnaud, but he'll need to prove himself quickly to hold off prospect Drake Baldwin. --Scott White
Jorge Soler traded to Angels
Only three months after acquiring him from the Giants, the Braves flipped Soler to the Angels in what was essentially a salary dump. They ended up non-tendering the player they got back in the deal, Griffin Canning. You might think Soler's departure reflects well on Ronald Acuna's recovery from a torn ACL, but GM Alex Anthopoulos later confessed that the star outfielder likely won't be ready for the start of 2025. As for Soler, he has an easy claim to the Angels' DH spot and will play in a pretty nice venue, particularly for home runs, but his success has never depended on such factors. He's a mercurial performer coming off a down season but still has the 35-homer upside to pay off handsomely as a fourth or fifth outfielder. --Scott White