The Twins are one of six teams that haven’t signed a major league free agent this offseason, but their front office expects trade talks and free agent conversations to pick up with spring training three weeks away.
The lack of activity leading into mid-January isn’t unusual for the Twins. The trade that brought Pablo López two years ago wasn’t done until Jan. 20. Last year, they dealt Jorge Polanco in a five-player deal on Jan. 29, signed Carlos Santana on Feb. 2 and acquired Manuel Margot in a trade during spring training.
“The reality of the baseball offseason is it feels like each year I come here, there is a lot more ahead of us than behind us,” said Twins President of Baseball Operations Derek Falvey at Wednesday’s Baseball Old Timers Hot Stove League annual banquet. “We’ve made trades, acquisitions in February and March. That’s just the way baseball works these days. Ultimately, I feel like it’s the midway point to the offseason. We have a lot more work to do.”
The Twins have very little financial flexibility with a projected $134 million Opening Day payroll, according to Cot’s Contracts, which is near the same level as last year. They’ve been far more focused on the trade market than free agency throughout the winter, but Falvey said the lack of teams acting as sellers has complicated trade talks.
“Often, we get to a place in the offseason where it’s clear 10, 11 teams are in a rebuild phase and they’re kind of restarting,” Falvey said. “That’s not the case right now. There are probably only two or three real sellers. Everyone else is trying to compete and win, which is good for the game. It’s healthy for the game. It makes it harder to find trades to work because if everyone is trying to go for it at the same time, those major league for prospect trades are a lot harder to come by.”
Starting pitcher Chris Paddack, catcher Christian Vázquez and utilityman Willi Castro remain the Twins’ leading trade candidates because they are all making more than $6 million this year and they will reach free agency after the season. None of the three, however, would be expected to net a significant return in a trade.
Paddack missed the final two months of last season because of a right forearm strain, and he hasn’t pitched more than 110 innings in a season since 2019. Trading Vázquez would likely require the Twins paying down some of his $10 million salary, but a deal would leave the Twins without a viable backup catcher and there are no real alternatives on the free-agent market.
Castro could deliver a better trade return than the other two, but his ability to play shortstop and center field is invaluable to the Twins, especially with the injury histories for Carlos Correa and Byron Buxton.