Where will two-way superstar Shohei Ohtani land this offseason, and how much money will he make? Will Juan Soto be traded? Who gets Japanese ace Yoshinobu Yamamoto?
Stay up to date on the latest MLB free agent transactions during the 2023/24 offseason.
Right-handed pitcher Nick Martinez signed with the Cincinnati Reds on a two-year, $26 million deal that contains an opt-out clause after the first season. With the San Diego Padres in 2023, Martinez pitched 110.1 innings in 63 games, starting nine of them and posting a 6-4 record, a 3.43 ERA, 106 strikeouts, 40 walks, and 1.26 walks and hits allowed per inning pitched.
The New York Mets signed right-handed pitcher Luis Severino to a one-year, $13 million deal on Nov. 29. In 18 starts and 89.1 innings for the New York Yankees last season, the 29-year-old posted a 4-8 record with a 6.65 ERA plus 79 strikeouts, 34 walks, 23 home runs allowed, and 1.646 walks and hits allowed per inning pitched.
About a week after acquiring Lance Lynn and Kyle Gibson, the Cardinals made another splash by signing former Minnesota Twins ace Sonny Gray to a three-year, $75 million deal.
Gray just turned 34 and made his third All-Star Game appearance in 2023. He finished second in American League Cy Young Award voting, ending the 2023 season with a 2.79 ERA over 184.0 innings pitched plus 183 strikeouts, 55 walks, and just eight home runs allowed.
Outfielder Jason Heyward signed a one-year, $9 million deal to stay with the Los Angeles Dodgers.
The 34-year-old started 109 games in the outfield last season while also serving as a pinch hitter, designated hitter, and on rare occasions, playing first base. The Dodgers are +650 to win the 2024 World Series, tied with the Atlanta Braves for the shortest odds.
Former Minnesota Twins pitcher Kenta Maeda signed a two-year, $24 million deal with the Detroit Tigers. After missing the 2022 season due to injury, Maeda bounced back to decent effect in 2023.
He had a 4.23 ERA while pitching 104.1 innings and posting 117 strikeouts, 28 walks, and 1.169 walks and hits per inning pitched. Maeda turns 36 early in the 2024 season.
The 2023 National League pennant winners got even stronger, acquiring third baseman Eugenio Suarez from the Seattle Mariners in exchange for relief pitcher Carlos Vargas and catcher Seby Zavala.
Suarez is 32 years old and made his only All-Star Game in 2018. He has led the American League in strikeouts in each of the past two seasons, and in 2023 he batted .232 with a .323 on-base percentage, 22 home runs, and 96 RBI.
A day after acquiring Lance Lynn, the St. Louis Cardinals agreed to terms with another starting pitcher - RHP Kyle GIbson on a one-year, $12 million deal.
Gibson spent 2023 with the Baltimore Orioles, making 33 starts and tossing 157 strikeouts in 192 inning pitched.
36-year-old RHP Lance Lynn agreed to a one-year deal with St. Louis Cardinals, guaranteeing $10 million. Lynn previously played for St. Louis from 2011 to 2017.
The Philadelphia Phillies and RHP Aaron Nola agreed to a seven-year, $172 million deal to keep the 30-year old with the only franchise he's ever played with.
The Milwaukee Brewers acquired OF Jake Bauers from the New York Yankees in exchange for two minor league outfielders.
The Atlanta Braves exercised their $20 million option on two-time World Series champion RHP Charlie Morton.
The official start date of MLB free agency is the day after the World Series ends.
There is a five-day "exclusive negotiating period" during which free agents can only negotiate with their former teams. This period ends at 5 PM ET on the fifth day after the World Series ends, and at that point, free agents are free to sign with any team.
In 2023, free agency began on November 6.
There is no official end date to MLB free agency.
After Winter Meetings in December, free agent activity typically slows down significantly as teams look to finalize their rosters ahead of Opening Day.
Shohei Ohtani, Yoshinobu Yamamoto, and Blake Snell are among the top available free agents this MLB offseason.