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Wandy Peralta RP | SD
Padres' Wandy Peralta: Staying in San Diego
Peralta exercised his $4.25 million player option for 2025 on Saturday, Jeff Sanders of The San Diego Union-Tribune reports.
Peralta turned in a 3.99 ERA and 1.20 WHIP across 38.1 frames in 2024, and he'll now receive a $900,000 raise by accepting the first of three player options in his deal with the Padres. He will presumably continue to be used in mid-to-high-leverage situations.
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Emilio Pagan RP | CIN
Reds' Emilio Pagan: Exercises player option
Pagan exercised his $8 million player option for 2025 on Saturday.
Pagan was forced to sit out the first half of the season due to a lat injury, and he accumulated a 4.50 ERA across 38 innings upon returning in mid-August. Given his decline in performance, it was unlikely he'd receive an offer close to $8 million in free agency, so the 33-year-old righty will return to Cincinnati and likely fill a high-leverage role out of the bullpen.
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Luke Weaver RP | PIT
Yankees' Luke Weaver: Club option picked up
The Yankees exercised Weaver's $2.5 million club option for 2025 on Friday.
In his first full season with the Yankees, Weaver turned in a 2.89 ERA and 0.93 WHIP across 84 innings -- a stark contrast from the 5.85 ERA and 1.51 WHIP he had accumulated over the previous four years. There's a chance he begins 2025 as New York's closer after moving into the role toward the end of the season.
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Brent Suter RP | ATL
Reds' Brent Suter: Remaining with Cincinnati
Suter signed a one-year, $2.25 million contract with the Reds on Friday.
The deal includes a $3 million club option for 2026. Suter's previous contract included a $3.5 million club option for 2025, which the Reds bought out for $250,000 before agreeing to terms on his latest deal. The 35-year-old southpaw was an effective middle reliever for the Reds in 2024, putting up a 3.15 ERA and 1.14 WHIP across 65.2 innings.
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Nick Martinez SP | TB
Nick Martinez: Officially opts out of deal
Martinez declined his $12 million player option for 2025 on Friday and became a free agent.
Martinez's 3.10 ERA and 1.03 WHIP from last season both represent personal bests for the 34-year-old as he pitched a career-high 142.1 innings. Cincinnati can still give him a $21 million qualifying offer, but the right-hander will likely pursue a multi-year deal in free agency.
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Jakob Junis RP | TEX
Jakob Junis: Declines mutual option
Junis declined his $8 million mutual option for 2025 on Friday and became a free agent.
Junis put up a career-best 2.69 ERA and 0.85 WHIP across 67 innings between Milwaukee and Cincinnati last season. Rather than accepting an $8 million salary for 2025, the 32-year-old will cash in a $3 million buyout and seek a more lucrative multi-year deal on the open market.
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Kyle Muller SP | ATH
Athletics' Kyle Muller: Outrighted to Triple-A
The Athletics outrighted Muller to Triple-A Las Vegas on Friday, Martin Gallegos of MLB.com reports.
Because he's been outrighted before, Muller has the option to elect free agency. The left-hander made 21 appearances for the A's in 2024 in relief, posting a 4.01 ERA and 36:10 K:BB across 49.1 frames.
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Adam Oller RP | MIA
Adam Oller: Becomes free agent
Oller elected free agency Friday, Ari Alexander of KPRC 2 Houston reports.
Oller is expected to pursue opportunities in Nippon Professional Baseball and the Korea Baseball Organization. The 30-year-old holds a 6.54 ERA over 36 appearances (23 starts) across parts of three seasons at the major-league level, most recently posting a 5.31 ERA over eight starts with the Marlins in 2024.
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Dominic Leone RP | CHW
Dominic Leone: Retiring from baseball
Leone announced his retirement from professional baseball last week, Scott Eisberg of WCIV in Charleston reports.
Leone's 2024 season ended when he was diagnosed with a UCL sprain in his right elbow. It's not clear whether he underwent surgery, but either way the 33-year-old has decided against pitching again after he recovers. Leone appeared in parts of 11 major-league seasons for nine different teams, finishing with a 3.94 ERA and 444:192 K:BB over 429 innings.