The MLB offseason has commenced with the release of rankings and contract projections for the top 50 free agents for the 2025-26 season, highlighted by outfielder Kyle Tucker’s anticipated record-setting deal. This comprehensive analysis provides insights into the potential market dynamics as teams prepare for significant spending to bolster their rosters.
Free agency officially began at 5 p.m. ET on Thursday, November 6, 2025, signaling the start of the offseason for Major League Baseball. ESPN published its detailed rankings and contract projections for the top 50 available players, offering a glimpse into the financial landscape and player valuations. The list is dominated by standout talents expected to command substantial contracts, with overall spending projected to reach approximately $3.5 billion, mirroring last winter’s total. This sets the stage for a competitive market as franchises seek to address their needs through free agency.
Kyle Tucker, a 29-year-old outfielder from the Chicago Cubs, tops the rankings with a projected 11-year, $418 million contract. Tucker’s consistency and high floor make him a premier target, as he has ranked among the top hitters in baseball since 2021, combining power with above-average baserunning and defensive skills. His reliance on precision rather than pure tools suggests he may age well, reducing bust potential for interested teams. The competition for his services is expected to be fierce, with projections possibly exceeding initial estimates due to the scarcity of elite players.
Among pitchers, Houston Astros left-hander Framber Valdez is second on the list, projected to sign a six-year, $168 million deal. Valdez, 32, is valued for his durability and extensive playoff experience, having logged the fifth-most innings since 2021. His high ground ball rate and slight velocity increase in 2025 enhance his appeal, though his age and moderate strikeout rates introduce some risk. Comparable to Aaron Nola’s recent contract, Valdez is seen as a reliable mid-rotation starter who can anchor a pitching staff.
Other key position players include New York Yankees outfielder Cody Bellinger, projected for six years and $165 million, and Boston Red Sox third baseman Alex Bregman, expected to secure five years and $160 million. Bellinger, 30, offers versatility with solid defense at multiple positions and a bounce-back 2025 season, while Bregman, 32, provides consistent hitting and opted out of his previous contract to pursue a longer-term agreement. Both players represent safer investments due to their track records and adaptability.
International free agents also feature prominently, with Seibu Lions pitcher Tatsuya Imai projected for a six-year, $135 million contract plus a posting fee. Imai, 27, brings youth and improving command, with a declining walk rate and a 1.92 ERA in 2025. His unique pitching style, including a fastball that hits 99 mph and an unusual slider, presents both upside and uncertainty. The lack of a qualifying offer and his age make him an attractive option for teams looking to invest in potential without draft pick compensation.
The market dynamics are influenced by qualifying offers, with ten players expected to receive them, affecting their negotiation leverage. Industry buzz suggests a slower start to free agency as both sides assess the landscape, with significant deals likely to unfold over weeks. Players like San Diego Padres’ Dylan Cease and Toronto Blue Jays’ Bo Bichette are also in the top tier, with projections around $145 million and $130 million, respectively, reflecting their mix of upside and questions around consistency and defense.
In summary, the 2025-26 free agent class underscores the financial stakes in modern baseball, with teams balancing risk and reward in pursuit of championship contention. As signings progress, these projections will shape roster constructions and competitive balances for the upcoming season, highlighting the ongoing evolution of player valuation and team strategy in the sport.