The New Year serves as a symbolic halfway point of the offseason. We’re two months removed from the final game of last year’s Fall Classic and about seven weeks from the first Spring Training contests of 2024. There’s still plenty of offseason to go — only 22 of MLBTR’s Top 50 free agents are off the board — but we’ll take this opportunity to check in on which teams have been the most active thus far.
Using our Contract Tracker, we see all of this offseason’s free agent activity. We’ll limit this look to players who inked major league contracts and set the cutoff as November 6 — the date on which free agents were first permitted to speak with teams other than their 2023 club. This excludes the extensions signed by Joe Jiménez (Braves), Max Muncy (Dodgers) and Colin Rea (Brewers) between the start of the offseason and the official opening of free agency.
This isn’t an exhaustive look at a team’s offseason activity. The Yankees (Juan Soto) and Braves (Chris Sale) took on high-priced star players in trade, while the Dodgers extended Tyler Glasnow and the Brewers signed a long-term deal with top prospect Jackson Chourio. This looks only at free agency. Teams are ordered by overall spending.
Los Angeles Dodgers
Total guarantees: $1.043 billion
Philadelphia Phillies
Total guarantees: $172MM
Arizona Diamondbacks
Total guarantees: $122MM
San Francisco Giants
Total guarantees: $121.25MM
Cincinnati Reds
Total guarantees: $106.2MM
Kansas City Royals
Total guarantees: $105MM
St. Louis Cardinals
Total guarantees: $99MM
Detroit Tigers
Total guarantees: $45.75MM
Boston Red Sox
Total guarantees: $39.5MM
Atlanta Braves
Total guarantees: $30MM
San Diego Padres
Total guarantees: $28MM
Texas Rangers
Total guarantees: $26.5MM
Toronto Blue Jays
Total guarantees: $25.5MM
Chicago White Sox
Total guarantees: $24.3MM
Seattle Mariners
Total guarantees: $24MM
New York Mets
Total guarantees: $18.8MM
Pittsburgh Pirates
Total guarantees: $16.2MM
Baltimore Orioles
Total guarantees: $13MM
Houston Astros
Total guarantees: $12MM
Milwaukee Brewers
Total guarantees: $11.25MM
Los Angeles Angels
Total guarantees: More than $6.8MM
Cleveland Guardians
Total guarantees: $4.75MM
Washington Nationals
Total guarantees: $4.25MM
Oakland A’s
Total guarantees: $1.5MM
Tampa Bay Rays
Total guarantees: $1.1MM
Minnesota Twins
Total guarantees: $950K
New York Yankees
Total guarantees: $0
Chicago Cubs
Total guarantees: $0
Miami Marlins
Total guarantees: $0
Colorado Rockies
Total guarantees: $0
