Just like that, the 2024-25 MLB hot stove has kicked off! We had a trade just one day after the Los Angeles Dodgers hoisted the World Series championship trophy.
All eyes this winter were on the top free agent, young slugger Juan Soto, who left the New York Yankees for a record contract with the New York Mets. But he's not the only one who will make a splash in the market.
Which teams will go all-in to contend for a 2025 World Series title? Where will other top free agents such as Pete Alonso and Alex Bregmanland? And who will make the trades and deals that have everyone buzzing?
Below is a running list of notable transactions and updates from throughout the MLB offseason.
Free agency, trade grades| Top 50 free agents| Fantasy spin
The Washington Nationals have agreed to terms with first baseman Josh Bell on a one-year contract worth $6 million, according to multiple reports. Story
Cubs and Marlins swap infielders
The Chicago Cubs acquired utility man Vidal Bruján on Sunday, sending first baseman Matt Mervis to the Miami Marlins in a swap of former top-100 prospects looking to find a more significant role in the big leagues. Story
Burnes joins D-backs on $210 million deal
Right-hander Corbin Burnes and the Arizona Diamondbacks are in agreement on a six-year, $210 million contract, sources confirmed to ESPN. Story| Grade
Dodgers bring back All-Star outfielder Hernandez
Outfielder Teoscar Hernández and the Los Angeles Dodgers are in agreement on a three-year, $66 million contract, sources told ESPN.Story|Grade
Tigers add Torres to infield on one-year deal
Infielder Gleyber Torres and the Detroit Tigers are in agreement on a one-year, $15 million contract, sources tell ESPN. Story |Grade
McCutchen returns to the Pirates
Veteran slugger Andrew McCutchen is returning to the Pittsburgh Pirates, the team announced on social media. Story
Buehler, Red Sox agree to 1-year deal
Right-hander Walker Buehler and the Boston Red Sox are in agreement on a one-year, $21.05 million contract, sources told ESPN, sending the pitcher who secured the final out of the World Series this year to a team loading up on starting pitching as it pivots toward contention. Story| Grade
Rangers add veteran bat Pederson
Outfielder Joc Pederson and the Texas Rangers are in agreement on a contract pending a physical, sources tell ESPN. Story| Grade
Manaea returns to Mets on three-year deal
Left-hander Sean Manaea and the New York Mets are in agreement on a three-year, $75 million contract, sources told ESPN. Story| Grade
Phillies bolster rotation with trade for Luzardo
The Philadelphia Phillies have acquired left-handed starter Jesus Luzardo from the Miami Marlins for two prospects, sources familiar with the deal told ESPN. Story |Grades
Nationals land 1B Lowe in trade with Rangers
The Washington Nationals on Sunday acquired first baseman Nathaniel Lowe from the Texas Rangers in exchange for lefty reliever Robert Garcia.Story |Grades
Guardians trade Naylor to D-backs, sign Santana
The Cleveland Guardians traded first baseman Josh Naylor to the Arizona Diamondbacks on Saturday and quickly replaced him, with sources telling ESPN that they agreed to a one-year, $12 million contract with free agent Carlos Santana, bringing him back for his third stint with the team.Story |Grades
Goldschmidt, Yankees agree on 1-year deal
First baseman Paul Goldschmidt and the New York Yankees are in agreement on a one-year, $12.5 million contract, sources told ESPN, pairing the former National League MVP and seven-time All-Star with the American League champion in the midst of a significant overhaul.Story |Grade
Astros bring Walker to Houston
The Houston Astros and free-agent first baseman Christian Walker have agreed to a three-year, $60 million contract, sources confirmed to ESPN amid multiple reports. Story |Grade
Yanks ship Trevino to Reds for Cruz, Jackson
The New York Yankees traded catcher Jose Trevino to the Cincinnati Reds for right-hander Fernando Cruz and catcher Alex Jackson, the teams announced Friday. Story
Red Sox add rotation arm
Left-hander Patrick Sandoval and the Boston Red Sox are in agreement on a two-year, $18.25 million contract, sources tell ESPN. Story
A's land veteran infielder
Gio Urshela is in agreement with theAthletics on a major league contract, sources confirm to ESPN. Story
Phillies bolster outfield with Kepler
Outfielder Max Kepler and the Philadelphia Phillies are in agreement on a one-year, $10 million contract, pending a physical, sources tell ESPN.Story
Yankees land Bellinger in trade with Cubs
OF/1B Cody Bellinger has been traded from the Chicago Cubs to the New York Yankees for right-handed reliever Cody Poteet, sources tell ESPN. (New York will also receive cash considerations.)Story | Grades
O's, Sugano agree on 1-year, $13M deal
Right-hander Tomoyuki Sugano and the Baltimore Orioles have agreed to a contract, the team announced Monday night, uniting one of the most successful Japanese pitchers of his generation with a team in need of rotation help. The deal is for one year and $13 million, sources told ESPN. Story
A's acquire lefty Springs from Rays
The Athletics are acquiring left-hander Jeffrey Springs in a six-player trade with the Tampa Bay Rays, the team announced Saturday, continuing their push toward contention with a significant increase in their payroll as they head into their first season in Sacramento.Story | Grades
Cubs land three-time All-Star Tucker in deal with Astros
The Chicago Cubs are acquiring Houston Astros outfielder Kyle Tucker in exchange for third baseman Isaac Paredes, pitcher Hayden Wesneski and prospect Cam Smith, sources told ESPN's Jeff Passan.Story | Grades
Yankees get All-Star closer Williams from Milwaukee
The New York Yankees are acquiring closer Devin Williams from the Milwaukee Brewers in exchange for left-handerNestor Cortes, infield prospect Caleb Durbin and cash considerations, sources told ESPN's Jeff Passan. Story | Grades
Loáisiga returns to Yankees
Right-handed pitcher Jonathan Loáisiga and the Yankees have agreed on a one-year contract with a team option for 2026, a source tells ESPN. Story
Red Sox trading for Crochet
The Boston Red Sox are acquiring left-hander Garrett Crochetin a trade with the Chicago White Soxfor four highly-regarded prospects, sources tell ESPN's Jeff Passan.Story
Marlins, Rangers agree to trade for Jake Burger
The Texas Rangers have agreed to a trade for power-hitting corner infielder Jake Burger, sources told ESPN on Tuesday. In exchange, the Miami Marlins will receive two shortstop prospects, Echedry Vargas and Max Acosta, and a young left-handed starting pitcher in Brayan Mendoza.Story | Grades
Eovaldi returning to the Rangers
Right-hander Nathan Eovaldi and the Texas Rangers are in agreement on a three-year, $75 million contract, sources tell ESPN.Story | Grade
Guardians and Blue Jays complete trade
The Toronto Blue Jays are finalizing a trade to acquire three-time Gold Glove-winning second basemanAndres Gimenezfrom the Cleveland Guardians, sources tell ESPN. Story| Grades
Yankees land Fried on $218 million contract
Left-hander Max Fried and the New York Yankees are in agreement on a eight-year, $218 million contract, pending physical, sources tell ESPN. It is the largest guarantee in baseball history for a left-handed pitcher. Story| Grade
Blue Jays sign pitcher Garcia
The Toronto Blue Jays and right-hander Yimi Garcia are in agreement on a two-year, $15 million contract, a source told ESPN on Tuesday. Story
Phillies add Romano to bullpen
Closer Jordan Romano and the Philadelphia Phillies are in agreement on a free agent contract, pending physical, sources tell ESPN. Romano was nontendered by Toronto earlier this offseason.Story | Grade
Mets sign Soto for MLB record $765 million
Superstar outfielder Juan Soto and the New York Mets are in agreement on a 15-year, $765 million contract, sources tell ESPN. It is the largest deal in professional sports history.Story | Grade
Conforto joins Dodgers on $17 million deal
Outfielder Michael Conforto joined the Dodgers on a one-year deal.Story |Grade
Giants, Adames agree on 7 years, $182M
Shortstop Willy Adames and the San Francisco Giants are in agreement on a seven-year, $182 million contract, the largest outlay in franchise history, sources told ESPN on Saturday.Story | Grade
O's land O'Neill
Outfielder Tyler O'Neill and the Baltimore Orioles are in agreement on a three-year, $49.5 million contract, a source told ESPN, filling a void created by the free agency of slugging outfielder Anthony Santander. Story | Grade
Mets sign Holmes ... as a starter
Right-hander Clay Holmes and the New York Mets are in agreement on a three-year, $38 million contract with an opt-out after the second year, sources confirmed to ESPN's Jeff Passan on Friday night.Story | Grade
Rays add catcher Jansen
Catcher Danny Jansen and the Tampa Bay Rays are in agreement on a one-year, $8.5 million contract that includes a mutual option for a second season, sources tell ESPN.
A's sign Severino to franchise-record contract
Right-hander Luis Severino and the Athletics are in agreement on a three-year, $67 million free agent contract that is the largest guarantee in the franchise's history, sources told ESPN. Story| Grade
Red Sox add Chapman to bullpen
Left-handed reliever Aroldis Chapman and the Boston Red Sox are in agreement on a one-year, $10.75 million contract, pending physical, sources tell ESPN. Story| Grade
Cubs sign pitcher Boyd to two-year deal
The Chicago Cubs have added Matthew Boyd to their rotation in their first big offseason move, agreeing to a $29 million, two-year contract with the veteran left-hander, sources confirmed to ESPN.Story | Grade
Mets add to rotation with Montas signing
Right-hander Frankie Montas and the New York Mets are in agreement on a two-year, $34 million contract, sources told ESPN.Story| Grade
Dodgers make splash with Snell signing
Left-hander Blake Snell and the Los Angeles Dodgers are in agreement on a five-year, $182 million contract, pending physical, sources tell ESPN. Story | Grade
Angels add to rotation in yet another move
Left-handed starter Yusei Kikuchi is in agreement with the Los Angeles Angels on a three-year, $63 million contract, sources confirmed to ESPN on Monday.Story | Grade
Royals trade for position players
The Kansas City Royals traded right-handed pitcher Brady Singer to the Cincinnati Reds for infielder Jonathan India and outfielder Joey Wiemer, the teams announced on Friday. Story | Grades
Cubs add reliever in deal with Guardians
The Chicago Cubs are acquiring right-handed reliever Eli Morgan in a trade with the Cleveland Guardians, sources tell ESPN.
Mets get outfield help in deal with Rays
The New York Mets have acquired outfielder Jose Siri from the Tampa Bay Rays for reliever Eric Orze. Story
Martinez accepts qualifying offer to stay with Reds
Right-hander Nick Martinez accepted the Cincinnati Reds' $21.05 million qualifying offer, multiple outlets reported Monday.Story
Angels sign infielder Newman to one-year deal
The Los Angeles Angels and infielder Kevin Newman agreed to a one-year $2.5 million contract with a club option for 2026, the team announced .Story
Red Sox add reliever Wilson
Left-hander Justin Wilson and the Boston Red Sox have agreed to a $2.25 million, one-year contract, according to multiple reports. Story
Angels sign d'Arnaud to two-year deal
Catcher Travis d'Arnaud and the Los Angeles Angels are in agreement on a two-year, $12 million contract.Story | Grade
Hedges returns to Guardians on one-year deal
Catcher Austin Hedges and the Cleveland Guardians are in agreement on a one-year contract, sources tell ESPN.Story
Angels add veteran arm to rotation
Kyle Hendricks is in agreement with the Los Angeles Angels on a one-year, $2.5 million deal, sources tell ESPN.Story | Grade
Royals re-sign Wacha to 3-year deal
Right-hander Michael Wacha and the Kansas City Royals are in agreement on a three-year, $51 million contract, sources tell ESPN. The deal includes a club option and can max out at four years, $72 million.Story | Grade
Braves make first splash of offseason
The Atlanta Braves are trading outfielder Jorge Soler to the Los Angeles Angelsand will receive right-hander Griffin Canning, sources tell ESPN. Story | Grade
Dec. 9-12: Winter meetings in Dallas, Texas
Dec. 11: Rule 5 draft
Jan. 9: Deadline for teams and arbitration-eligible players to submit salary figures
End of January: Arbitration hearings begin
Feb. 22: Spring training games begin