The Opener: Mets, Yankees, Rotation Market

Here are three things we’ll be keeping an eye on around the baseball world throughout the day:

1. Mets land their top-end starter:

A busy week for the Mets got even better last night when the team swung a deal with the Brewers to acquire right-hander Freddy Peralta. New York surrendered two top prospects (Jett Williams and Brandon Sproat) in order to land Peralta (and righty Tobias Myers), but in doing so they’ve finally addressed their long-discussed need for a top-of-the-rotation talent. Peralta finished fifth in NL Cy Young voting this past year and is a two-time All-Star.

That pedigree is enough to make him a great choice to pair with Nolan McLean at the top of the rotation, but questions remain about what’s next for the Mets. Could the team look to make another addition, perhaps to add some insurance behind Carson Benge and Luis Robert Jr. in the outfield? New York still has a glut of starting pitching talent to dangle in subsequent trades. McLean’s dominant 2025 debut makes him a lock for the rotation. Veteran options include Peralta, David Peterson, Kodai Senga, Clay Holmes, and Sean Manaea. Myers, top prospect Jonah Tong and former top prospect Christian Scott, who’s returning from 2024 Tommy John surgery, could all pitch in a big league rotation as well, though every member of that trio has at least one minor league option remaining.

2. Yankees land Bellinger:

The Yankees finally reunited with Cody Bellinger yesterday when he agreed to a five-year, $162.5MM deal that affords him the opportunity to opt out after the 2027 and ’28 seasons. The move helps to solidify the team’s outfield, setting the Yanks up to once again rely primarily on a trio of Bellinger, Aaron Judge, and Trent Grisham on the grass. That begs the question of what happens with young outfielder Jasson Dominguez and top prospect Spencer Jones, though both could certainly be kept as depth given that Grisham is on a one-year deal. It’s unclear at this point if the Yankees are done; Bellinger was the big fish the club was looking for, but they were also involved in the Peralta market prior to Milwaukee’s deal with the Mets. It’s possible they pivot elsewhere, though the Yanks have already deepened the rotation by acquiring lefty Ryan Weathers from the Marlins.

3. Post-Peralta rotation market:

Peralta’s trade to the Mets not only takes the top starting pitcher off the trade market, it also takes the most obvious suitor for high-end pitching off the table. That’s an interesting state of affairs given that the rotation market still boasts two starters with front-of-the-rotation pedigree: lefty Framber Valdez and, to a lesser extent given his down season in 2025, righty Zac Gallen. The Orioles have been known to be in the market for a front-end starter this winter, and while swinging a deal for Shane Baz added some upside, they haven’t landed a more established arm. The same can be said for the Cubs, who made a deal for promising righty Edward Cabrera earlier this month. Atlanta could use another arm but doesn’t typically spend at Valdez levels in free agency. The D-backs may not have payroll space. The Angels saved significant money with Anthony Rendon’s contract restructure but haven’t yet been prominent players in free agency.