"On this date last year, Major League Baseball teams had spent around $2.1 billion on free agents. So far this year, that number is shy of $1.4 billion. And as big as that difference seems, it's impossible not to notice the gap between the two numbers shares the same first digit as Juan Soto's $765 million megadeal with the New York Mets signed last December."
"McDaniel's overall projection of $3.46 billion leaves plenty of money left to be spent throughout the rest of free agency. Considering the Boston Red Sox haven't signed a player, the New York Yankees have spent just $5 million on free agents and the bottom 20 teams have spent less combined ($207 million) than the top team ( Toronto Blue Jays, $277 million), there will be deals aplenty coming soon."
"Yes, it's Dec. 18, and Kyle Tucker, Alex Bregman, Cody Bellinger and Bo Bichette still have not signed. There is not yet panic, though, and understandably so. Because there is too much need from teams with World Series aspirations -- and too few impact-type players to fill that demand. Boston needs a big bat badly, whether it's Bregman or a replacement."
Major League Baseball teams have spent about $1.4 billion on free agents so far this offseason, down from roughly $2.1 billion at the same point last year. A large portion of the spending gap echoes Juan Soto's $765 million contract. Teams have prioritized pitching early, while many high-end hitters remain available. Recent big signings exceeded projections by about $140 million, driven by three large deals. A $3.46 billion market projection leaves substantial spending capacity, and several teams with major needs have signed few or no free agents.
Read at ESPN.com
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