The 2025-26 MLB offseason remains sluggish on January 7, with top free agents like Kyle Tucker, Bo Bichette, and Alex Bregman still unsigned. Teams including the Toronto Blue Jays, Chicago Cubs, and New York Mets are exploring options, though luxury tax penalties could double costs for big-market clubs. Discussions focus on trades and signings to bolster infields and rotations amid budget constraints.
The MLB hot stove continues to simmer slowly, with the top four free agents unsigned as pitchers and catchers near spring training. The Toronto Blue Jays have shifted priorities, increasing efforts to recruit outfielder Kyle Tucker while a reunion with shortstop Bo Bichette "appears increasingly unlikely," according to The Athletic. The Jays recently signed third baseman Kazuma Okamoto from Japan to a four-year, $60 million deal, easing infield needs, though Bichette could fit if he accepts an opt-out after year one or if outfielder Anthony Santander is traded—despite his remaining four years and $76.3 million proving a tough sell.
The Chicago Cubs and Boston Red Sox are among teams talking to both Bichette and third baseman Alex Bregman. For the Cubs, Bregman would upgrade third base over Matt Shaw, potentially turning him into trade bait or a utility player, while Bichette could replace second baseman Nico Hoerner, who earns $12 million in 2026. The Red Sox eye either to fill holes at second or third, shifting prospect Marcelo Mayer as needed. Bregman, turning 32 in March, brings leadership value despite his age over the younger Bichette.
The Arizona Diamondbacks have expressed interest in Bregman but only if they trade second baseman Ketel Marte, who has five years and $91 million left; prospect Jordan Lawlar offers versatility there. Meanwhile, the New York Mets hold some interest in free-agent starter Framber Valdez but prioritize trades for pitchers like Tarik Skubal, Freddy Peralta, MacKenzie Gore, Edward Cabrera, Kris Bubic, and Brady Singer. Their current rotation features Nolan McLean, David Peterson, Kodai Senga, Clay Holmes, and Sean Manaea, with Brandon Sproat and Jonah Tong in the mix; they are open to dealing infielders Mark Vientos, Ronny Mauricio, and Luisangel Acuña.
Luxury tax complicates pursuits: a $40 million AAV for Tucker would cost the Dodgers $84 million at their 110 percent penalty rate, or the Blue Jays $76 million at 90 percent. The Mets, Phillies, and Yankees hover near the 110 percent bracket, contributing to delays as players wait on market dynamics.
