The Twins have listened to trade offers on right-hander Pablo López, reports Jeff Passan of ESPN. That doesn’t necessarily mean the Twins are likely to move him, but it suggests it’s at least possible.
As recently as the middle of November, president of baseball operations Derek Falvey downplayed the idea of the Twins subtracting a notable player from their roster via a blockbuster trade. He identified López, Carlos Correa and Byron Buxton as “key” pieces of the roster that were unlikely to move. “Everyone is always going to ask when you’re a team in the payroll bracket that we are,” Falvey said. “I feel really confident those guys are going to be part of the ability for us to do what we want on the field. They’re going to fuel us hopefully to some of the success we want to have. … I feel really good about those players.”
Despite that public framing, it’s understandable why the front office might at least consider alternative possibilities. It’s been reported that the Twins are likely going to have a payroll around $130MM next year, the same as they had in 2024. RosterResource currently projects them for $142MM in 2025, suggesting they may need to find some cuts.
Guys like Chris Paddack and Christian Vázquez have been floated as potential trade candidates who could help the club get down to their preferred level, though neither is likely to have massive trade value. Paddack is going to make $7.5MM next year, the final year on his deal, but he hasn’t been at his sharpest in a while. He had a strong 3.33 earned run average in his 2019 rookie season, but his ERA was closer to 5.00 in the next two seasons. He then missed most of 2022 and 2023 due to Tommy John surgery. He was back on the mound in 2024 but finished the year with a 4.99 ERA.
Vázquez also has just one year left on his deal, with a $10MM salary. He’s a strong defender behind the plate but has hit just .222/.265/.322 over the past two seasons. That production translates to a wRC+ of 63, indicating he was 37% worse than league average.
Trading one or both of those players could help the Twins with their budget crunch but likely wouldn’t bring back massive returns. López, on the other hand, should have lots of appeal. He’s set to make $21.5MM in each of the next three years, leaving $64.5MM remaining on his contract.
That’s a very nice price for a pitcher who is going into his age-29 season and has been one of the better hurlers in baseball over the past five years. From 2020 to the present, he has thrown 719 1/3 innings with a 3.70 ERA, 26.3% strikeout rate, 6.3% walk rate and 45.6% ground ball rate. FanGraphs has credited him with 14.7 wins above replacement in that time, which puts him 13th out of all pitchers in the majors for that stretch.
The price of starting pitching has been especially strong so far this winter. Nathan Eovaldi just got three years and $75MM. His numbers have been fairly similar to López in recent years but he’s far older, going into his age-35 season. Pitchers like Yusei Kikuchi and Luis Severino have had notably worse results than López/Eovaldi but both got three-year deals, Kikuchi getting a $63MM guarantee and Severino $67MM.
It seems fair to conclude that the strong market might lead to the Twins getting some interesting offers that could at least make them reconsider their stance on López. Of course, the same things that make him appealing to other clubs also make him very valuable in Minnesota. The club can certainly hold onto him and trade guys like Paddack and/or Vázquez, but perhaps they will receive an offer for López that allows them to both get their payroll down to the desired level while also adding a notable return that helps the franchise in the short and long term.
As of now, the rotation group consists of López, Paddack, Joe Ryan, Bailey Ober and Simeon Woods Richardson. Trading López or Paddack would weaken the group but would also open a spot for young pitchers like Zebby Matthews or David Festa, both of whom debuted in 2024. The Twins also have some non-roster options like Huascar Ynoa and Darren McCaughan in the mix.
Subtracting López is surely not what the front office wants and there’s no indication that they are shopping him around. But the hot starting pitching market seems to be making various clubs ponder trades of starting pitchers a bit harder than they expected to. Names like Luis Castillo, Dylan Cease, Jesús Luzardo and Framber Valdez have somewhat surprisingly been in rumors of late. A team being willing to listen doesn’t mean a trade is going to happen, as shown with Valdez and the Astros, as he is now apparently off the table. However, it’s an interesting twist on the offseason, with free agents like Corbin Burnes, Jack Flaherty and Sean Manaea still available.