DALLAS – The Twins weren’t involved in Juan Soto’s record-setting, 15-year contract worth a guaranteed $765 million. Taking away the first two digits is a closer representation of how much money they could add to their payroll this offseason.
Soto signing with the New York Mets, however, could help move things along on the trade market, which is where the Twins are more likely to make a move to gain financial flexibility.
“There are a lot of conversations happening here now,” said Derek Falvey, the Twins’ president of baseball operations, on the first day of the league’s annual winter meetings. “That’s probably our primary focus while we’re here, just making sure we’re connecting with teams about if their needs are shifting based on different free agent dynamics that have either occurred or feel like they’re about to occur with different players.”
The Twins, with a current payroll that sits around $134 million, have three obvious trade candidates because they are a year from reaching free agency: starter Chris Paddack (owed $7.5 million in 2025), catcher Christian Vázquez ($10 million) and All-Star utilityman Willi Castro, who is projected to command around $6 million through arbitration.
None of those three players would likely yield a significant return in a trade besides salary relief. Starting pitchers are always in demand, but Paddack didn’t pitch after the All-Star break because of an injury. Vázquez hit poorly in his two seasons with the Twins and Castro faded in the second half of last season.
If the Twins shed salary through a trade, adding a first baseman and a righthanded-hitting outfielder will be atop their wish list. After losing Gold Glove winner Carlos Santana to free agency, Falvey said acquiring a first baseman “has some appeal.” Corner outfielders Matt Wallner and Trevor Larnach are both lefty hitters, and the Twins will need to replace the 343 plate appearances Manuel Margot received last season.
“There are ways to complement with what we have,” Falvey said of the Twins’ outfield options, “but that’s probably an area if we could focus on figuring how to add, we would like to.”
Knowing the Twins’ financial situation — player payroll will remain around $130 million as the Pohlad family explores a sale — teams have inquired on Carlos Correa’s availability. Correa, who holds a no-trade clause, will make $36 million next year. There is no indication anything has advanced beyond a preliminary phone call.