Waiting for baseball's hot stove to ignite? Here's which big moves could be coming soon.
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Shohei Ohtani
The Ohtani extravaganza is barreling toward the finish line, and when he finally agrees to a deal, the number, sources said, will surge well beyond $500 million. One source said he believes Ohtani will receive a contract for at least $550 million. Another said the bidding could reach $600 million. Regardless of where it lands, it will shatter the record for the largest guarantee in North American sports history: the $426.5 million the Los Angeles Angels gave to Ohtani's teammate, Mike Trout.
Fears that the reconstructive elbow surgery that will prevent Ohtani from pitching in 2024 -- and has led to understandable questions about his future on the mound -- would put a damper on his free agent value have clearly proved unfounded. A player of Ohtani's caliber -- a two-time American League MVP whose unique brilliance at the plate and on the mound and international stardom makes him an all-time free agent -- transcends the sort of uncertainty that would waylay anyone else's free agency.
Given that, it would be foolish to count out any high-revenue team, though by now the field for Ohtani's services has winnowed, sources said. The Texas Rangers, Boston Red Sox and New York Mets, who were among the initial group of suitors, have turned their attention to other players, sources said.
Among those confirmed by sources to be still in the bidding: the Los Angeles Dodgers, Chicago Cubs, Toronto Blue Jays and Angels. The San Francisco Giants have long had a fondness for Ohtani, though where they stand in these sweepstakes is unknown.
When Ohtani does make his choice, the signing is expected to jump-start a stagnant position-player market in which the largest free agent contract has been outfielder Jason Heyward's one-year, $9 million deal with the Dodgers.
While the hitting class is weak, the markets for center fielder Cody Bellinger, third baseman Matt Chapman, outfielders Jung Hoo Lee, Teoscar Hernandez and Lourdes Gurriel Jr. and slugger Jorge Soler figure to pick up following Ohtani's signing -- as will the trade of the best bat available.
Yoshinobu Yamamoto
It's difficult to remember a player with a market as robust as Yamamoto's.
The 25-year-old right-hander will decide among a who's who of teams interested in him: The Yankees, Mets, Dodgers, Red Sox and Cubs are among the favorites, with the Giants, Blue Jays and Phillies also expected to be in the mix.
The price for Yamamoto, officials who plan on pursuing the pitcher told ESPN, seems to be growing by the day. Multiple executives said the floor will be $200 million. Others said the cost of his contract could be in excess of $250 million -- which would mean another $39.38 million as a posting fee paid to the Orix Buffaloes, with whom Yamamoto has won three consecutive league MVP and Sawamura Awards.
Yamamoto's allure is undeniable, and with so many big-revenue teams interested in adding him to their rotation, it's more than conceivable that he receives the second-largest contract handed to a pitcher, behind Gerrit Cole's $324 million deal with the Yankees.
Yamamoto plans to meet with teams after the winter meeting before making his decision.