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2025-26 MLB free agency, trade grades: Offseason analysis

The 2025-26 MLB offseason has seen a flurry of activity, with major trades and free agent signings reshaping team rosters as spring training approaches, highlighted by the Mets’ acquisition of ace Freddy Peralta and the Yankees’ re-signing of Cody Bellinger.

The New York Mets bolstered their rotation by trading for Milwaukee Brewers’ ace Freddy Peralta, sending prospects Jett Williams and Brandon Sproat in return. Peralta, coming off a career-best 2025 season with a 2.70 ERA and fifth-place finish in NL Cy Young voting, is expected to anchor a Mets staff that struggled down the stretch last year. His addition provides immediate playoff aspirations for a team looking to rebound from a late-season collapse, with president of baseball operations David Stearns emphasizing the need for pitching depth.

In another significant move, the Texas Rangers addressed their pitching needs by acquiring left-hander MacKenzie Gore from the Washington Nationals for a package of five prospects, including top-10 minors talent. Gore, who made the 2025 All-Star team but faded in the second half, brings high strikeout potential to a rotation featuring Nathan Eovaldi and Jacob deGrom. This trade reflects the Rangers’ win-now mentality in a competitive AL West, though it comes with questions about Gore’s consistency and health.

The New York Yankees secured a key offensive piece by re-signing outfielder Cody Bellinger to a five-year, $162.5 million contract with opt-outs after the second and third years. Bellinger, who revitalized his career with a 5.1-WAR season in 2025, adds versatility and power, complementing stars like Aaron Judge. His return ensures offensive depth for a team that led the majors in runs last year, though it may limit playing time for young outfielders like Jasson Domínguez.

Additional transactions include the Mets’ trade for center fielder Luis Robert Jr. from the Chicago White Sox, adding power and speed in exchange for infielder Luisangel Acuña and pitching prospect Truman Pauley. Robert, who has shown elite talent but struggled with health and plate discipline, could provide a boost if he replicates his 2023 form. Meanwhile, the White Sox continue their rebuild by acquiring prospects to strengthen their farm system.

According to MLB.com, trade rumors persist, with players like Nationals center fielder Jacob Young and Tigers ace Tarik Skubal potentially on the move. The market for starting pitchers remains active, with top free agents Framber Valdez and Zac Gallen still available, indicating more deals could be imminent. Teams like the Orioles and Mets are reportedly exploring options to bolster their rotations, adding to the offseason’s dynamic nature.

The Brewers and Nationals, by trading away stars like Peralta and Gore, are focusing on rebuilding their farm systems, acquiring multiple top prospects to enhance their long-term outlook. This strategy underscores the balance between contending now and planning for the future in MLB, with both teams receiving grades in the B range for their returns, as analysts note the potential benefits but acknowledge short-term competitive costs.

As spring training nears, these offseason maneuvers have set the stage for a compelling 2026 season, with teams like the Mets and Yankees positioning themselves as contenders, while others recalibrate. Fans can expect further activity as clubs fine-tune rosters, making the hot stove season a critical prelude to the year ahead, with implications for playoff races and team dynamics across the league.

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