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 Corbin Burnes, Pete Alonso and Alex Bregman land? 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
Notable MLB offseason transactions
Dec. 20
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 Jose 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 the Athletics on a major league contract, sources confirm to ESPN. Story »
Dec. 19
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 »
Dec. 17
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 »
Dec. 16
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 »
Dec. 14
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 »
Dec. 13
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-hander Nestor Cortes, infield prospect Caleb Durbin and cash considerations, sources told ESPN's Jeff Passan. Story » | Grades »
Dec. 11
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 Crochet in a trade with the Chicago White Sox for four highly-regarded prospects, sources tell ESPN's Jeff Passan. Story »
Dec. 10
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 baseman Andres Gimenez from 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 »
Dec. 9
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 »
Dec. 8
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 »
Dec. 7
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 »
Dec. 6
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.
Dec. 5
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 »
Dec. 3
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 »
Dec. 2
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 »
Nov. 26
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 »
Nov. 25
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 »
Nov. 22
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 »
Nov. 20
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.
Nov. 19
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 »
Nov. 18
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 »
Nov. 14
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 »
Nov. 12
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 »
Nov. 6
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 »
Nov. 3
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 »
Oct. 31
Braves make first splash of offseason
The Atlanta Braves are trading outfielder Jorge Soler to the Los Angeles Angels and will receive right-hander Griffin Canning, sources tell ESPN. Story » | Grade »
Key MLB offseason dates
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