Santos (back) posted an 8.49 ERA, 1.97 WHIP and 15:5 K:BB In 11.2 innings over four appearances between Double-A Frisco and Triple-A Round Rock upon being activated from Frisco's 7-day injured list Aug. 29.

Santos had been on the shelf for more than four months due to a stress reaction in his back, which he sustained following his second start of the season with Frisco. Due to the extended time Santos missed, the Rangers sent him to the Arizona Fall League, where he submitted a 5.28 ERA, 1.81 WHIP and 15:9 K:BB in 14.1 innings. The 23-year-old righty will be heading into his second straight season as a member of the Rangers' 40-man roster, but he's unlikely to seriously contend for an Opening Day spot with the big club and will likely be ticketed for the Round Rock rotation to begin the 2026 campaign.

The Yankees exercised Hill's $3 million option for 2026 on Wednesday, Jorge Castillo of ESPN.com reports.

Hill has made 105 regular-season appearances for the Yankees since 2024, collecting a 2.68 ERA and 55:25 K:BB over 111 innings. The southpaw reliever posted a 63.7 percent groundball rate and held left-handed batters to a .181/.224/.220 line during the 2025 regular season.

Bieber exercised his $16 million player option for 2026 on Tuesday, Jon Heyman of the New York Post reports.

After falling just one game short of capturing his first World Series title, Bieber will opt into another year with the Blue Jays and receive a $6 million raise in the process. The 30-year-old right-hander missed the first several months of the 2025 season while working his way back from Tommy John surgery but returned in time to make seven regular-season starts and post a 3.57 ERA across 40.1 innings. It remains to be seen how his surgically repaired elbow will hold up over the course of a full season, but the 2020 AL Cy Young Award winner is still deserving of fantasy attention heading into 2026.

Perez signed a two-year, $25 million contract extension with the Royals on Tuesday.

Perez had a $13.5 million team option for 2026, but his new deal will slightly decrease his AAV while ensuring the veteran backstop remains in Kansas City through 2027. Perez's .236 batting average from 2025 was the second-lowest mark of his 15-year MLB career, but he also finished the season with 30 homers for the first time since 2021 and 100 RBI for the third time in five years.

The Astros placed Leon (knee) on outright waivers Tuesday, Chandler Rome of The Athletic reports.

Leon spent all of 2025 on the injured list while battling knee problems, though he managed to slash .241/.312/.422 over 94 Triple-A plate appearances across multiple rehab assignments. He may be fully healthy by the time the 2026 season starts, but he will most likely remain in the minor leagues as organizational depth.

The Astros placed Garcia (elbow) on outright waivers Tuesday, Chandler Rome of The Athletic reports.

Garcia has already been ruled out for the entire 2026 campaign -- his final year of team control -- after undergoing surgery to repair the UCL and flexor tendon in his right elbow in October. Having pitched just 34.2 innings over the past three seasons, the injury-prone right-hander is unlikely to be claimed by another club.

The Astros placed Corona on outright waivers Tuesday, Chandler Rome of The Athletic reports.

Corona spent the vast majority of his time at Triple-A Sugar Land in 2025, finishing the season with a .220/.308/.326 slash line through 433 plate appearances. If he clears waivers, he will most likely return to Sugar Land and begin the 2026 season as organizational outfield depth.

The Astros placed Rooney (elbow) on outright waivers Tuesday, Chandler Rome of The Athletic reports.

Rooney made his MLB debut in 2025, giving up one run and striking out two batters over 1.1 innings against the Orioles on Aug. 24. All of his other appearances came in Triple-A, where he finished the season with a 2.56 ERA and 1.19 WHIP through 38.2 frames. His year was cut short in September by elbow surgery, and it remains unknown whether he'll be ready for the start of the 2026 campaign.

The Astros placed McCormick on outright waivers Tuesday, Chandler Rome of The Athletic reports.

McCormick was one of five players waived by Houston on Tuesday in an effort to free up roster space heading into the offseason. If he passes through waivers unclaimed, the 30-year-old outfielder will have the option to reject his assignment and become a free agent. After posting a .786 OPS through his first three seasons in the majors, McCormick has regressed considerably at the plate, slashing just .211/273/.301 across 383 plate appearances since 2024.

Flaherty will remain with the Tigers after electing not to opt out of his $20 million contract for 2026, Jeff Passan of ESPN.com reports.

Flaherty surely could have received more guaranteed money on the open market, but he has decided to stay put following an up-and-down 2025 campaign. The right-hander posted a 4.64 ERA across 31 regular-season starts for the Tigers, but he also fanned 188 batters over 161 innings. Staying put at Comerica Park and having what should be an above-average offense to support him help Flaherty's case for 2026.