The Rays acquired Forret, Slater de Brun, Caden Bodine, Austin Overn and a Competitive Balance Round A pick from the Orioles on Friday in exchange for Shane Baz, Jeff Passan of ESPN.com reports.

Forret began the 2025 season at High-A Aberdeen and finished it at Double-A Chesapeake, holding a sparkling 1.58 ERA, 0.82 WHIP and 91:21 K:BB over 74 innings between the two stops. The right-hander will be heading into his age-22 season and is likely to begin the year at Double-A Montgomery.

The Rays acquired de Brun, Caden Bodine, Michael Forret, Austin Overn and a Competitive Balance Round A pick from the Orioles on Friday in exchange for Shane Baz, Jeff Passan of ESPN.com reports.

De Brun was the 37th overall pick in the 2025 First-Year Player Draft and has not yet made his professional debut. The 18-year-old doesn't have power but is known for his hit tool and speed, and he's expected to stick in center field. The Rays will take de Brun's development slowly.

The Rays acquired Bodine, Slater de Brun, Michael Forret and Austin Overn from the Orioles in exchange for Shane Baz on Friday, Jeff Passan of ESPN.com reports.

The 22-year-old Bodine was selected 30th overall during the 2025 First-Year Player Draft by Baltimore and will now change organizations after just one professional season. He had a .757 OPS in 11 games for Single-A Delmarva in 2025 and should begin 2026 in the lower minors for Tampa Bay.

The Orioles acquired Baz from the Rays on Friday in exchange for Slater de Brun, Caden Bodine, Michael Forret, Austin Overn and a Competitive Balance Round A pick, Jeff Passan of ESPN.com reports.

Baz had an up-and-down 2025 campaign in his first full season back from Tommy John surgery, finishing with a 4.87 ERA and 176:64 K:BB across 166.1 innings covering 31 starts. However, he had a 5.90 ERA at hitter-friendly George M. Steinbrenner Field, so he should benefit from a move to Camden Yards. Baz is under team control through 2028.

The Royals acquired Strahm from the Phillies on Friday in exchange for Jonathan Bowlan, Mark Feinsand of MLB.com reports.

It's a homecoming for Strahm, who was drafted by and first reached the majors with the Royals. The left-hander has been one of the best relievers in baseball in recent years, posting a 2.71 ERA, 30.5 percent strikeout rate and 6.2 percent walk rate over the last three regular seasons for the Phillies. Strahm will fill a high-leverage role ahead of closer Carlos Estevez.

The Mariners signed Davis to a minor-league contract Thursday that includes an invitation to spring training, Aram Leighton of JustBaseball.com reports.

Davis missed time with injuries again in 2025 while in the Yankees organization, but he was productive when on the field, slashing .248/.324/.576 with 12 homers in 36 contests at Triple-A Scranton/Wilkes-Barre. The former top prospect is likely headed back to the Triple-A level again to start 2026, but he will compete in spring training for a roster spot with the big club.

The Guardians signed Armstrong to a one-year, $5.5 million contract Thursday that includes a mutual option for 2027, Jeff Passan of ESPN.com reports.

The 35-year-old Armstrong had arguably the best season of his career in 2025 with the Rangers, putting up a 2.31 ERA, 0.81 WHIP and 74:20 K:BB over 74 innings. It's a return to the organization that drafted him and where he debuted back in 2015 for Armstrong. The right-hander should be used in a setup role ahead of closer Cade Smith.

The White Sox acquired Peters from the Rays on Thursday in exchange for a player to be named later or cash considerations.

Peters had been designated for assignment earlier this week and now joins a new organization. The 25-year-old outfielder went hitless during his brief time with the Rays in 2025 and slashed .266/.355/.429 at Triple-A Durham. Peters can play all three outfield spots and will likely compete for a reserve role with the White Sox.

The Rangers signed Veneziano to a minor-league contract Thursday that includes an invitation to spring training.

Veneziano made 26 appearances in the majors in 2025 between the Marlins and Cardinals, holding a 4.68 ERA, a 1.56 WHIP and 25:11 K:BB across 25 innings. The lefty will compete for a spot in the Rangers' bullpen but, in all likelihood, will begin the 2026 season at Triple-A Round Rock.

The Rays and McClanahan (triceps) avoided arbitration by agreeing to a one-year, $3.6 million contract Wednesday, Marc Topkin of the Tampa Bay Times reports.

It's the same salary McClanahan was paid each of the last two seasons. The left-hander did not pitch at all in 2024 while recovering from Tommy John surgery and was limited to only three rehab starts in 2025 due to a nerve issue in his left triceps that eventually required surgery. The expectation is that McClanahan will be ready for the start of spring training, but he's a major health risk heading into the 2026 season.