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.

Bellinger exercised his $27.5 million player option for 2025 on Saturday, Kiley McDaniel of ESPN.com reports.

Bellinger was unlikely to receive an offer close to $27.5 million on the open market after posting a .751 OPS alongside 78 RBI across 569 plate appearances in 2024, so it's unsurprising to see him decide to stick around in Chicago. The 29-year-old figures to remain in an everyday role in the Cubs' outfield next season.

Manaea is expected to decline his $13.5 million player option for 2025, Anthony DiComo of MLB.com reports.

Manaea posted a 3.47 ERA and 1.08 WHIP across 181.2 innings in 2024 -- all of which represent career-best marks for a full season. The 32-year-old southpaw will now look to capitalize on his strong campaign and likely pursue a multi-year deal in free agency.

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.

The Diamondbacks exercised Suarez's $15 million club option for 2025 on Friday, Jesse Rogers of ESPN.com reports.

Suarez reached the 30-HR and 100-RBI benchmarks while slashing .256/.319/.469 in his first season with the Diamondbacks. Now that he's officially locked in for the 2025 campaign, he'll almost certainly retain his everyday role at third base.

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.

Walton cleared waivers Friday and was sent outright to Triple-A Sacramento, Alex Pavlovic of NBC Sports Bay Area reports.

Walton appeared in nine games for the Giants in 2024, during which he went 3-for-22 with a home run and two RBI. Most of his time was spent in Sacramento, however, where he slashed .305/.377/.438 with 51 RBI across 387 plate appearances. The 30-year-old infielder appears likely to remain in the minors to start the 2025 campaign and continue serving as organizational depth.

Kershaw said Friday that he will undergo surgery on his toe and left knee Wednesday, Fabian Ardaya of The Athletic reports.

Kershaw's season came to an early end in late August due to bone spurs in his left big toe, and his toe surgery Wednesday will address the issue as well as a ruptured plantar plate. He has also been diagnosed with a torn meniscus in his left knee, which will require an additional procedure. A timeline for his return likely won't be available until after the operations, though the veteran lefty confidently said Friday that he will pitch for the Dodgers in 2025. Kershaw is 32 strikeouts away from reaching 3,000 for his career.

The Marlins outrighted Hensley to Triple-A Jacksonville on Friday.

He's no longer on the 40-man roster but will stick around in the organization. Hensley, who turns 29 in March, has slashed .188/.280/.279 in 69 games over parts of three big-league seasons.

The Marlins outrighted McCaughan to Triple-A Jacksonville on Friday.

McCaughan has been outrighted before, so he can exercise his right to free agency if he wants. The right-hander posted an unsightly 6.21 ERA over 42 frames between the Marlins and Guardians in 2024.