Tracking Every Club and Player Option in MLB Free Agency

The World Series ended on Wednesday, October 30th, as the Dodgers beat the Yankees in Game 5 to clinch their eighth title in franchise history. In doing so, the Dodgers effectively triggered the beginning of the MLB offseason.

Every team has a five-day window after the World Series to resolve contract options with their incumbent players, while their free agents officially file to hit the open market.

During this five-day window, teams can exclusively negotiate with their players, where teams may re-sign an impending free agent, or re-work a contract on their books for next season and beyond.

Between all of the different player options, club options and mutual options, we already have seen some new free agents who have either had their club options voided or who exercised their player option to hit free agency off of good years.

There are also plenty of players who are coming back to their former clubs.

Below we have listed all 30 teams and the contract options they faced heading into this five-day window, which will officially end on Monday, November 4th. You will find that many of these decisions have already been made, but those that haven’t are listed as pending.

We will continue to update this post as more options trickle in.

Arizona Diamondbacks

Scott McGough – $4 million mutual option, $750K buyout

The Arizona Diamondbacks declined their end of the mutual option to make McGough a free agent.

Randal Grichuk – $6 million mutual option, $500K buyout

Randall Grichuk exercised his end of the option to become a free agent.

Merrill Kelly – $7 million club option, $1 million buyout

The D-Backs made the easy decision to pick up their club option on Merrill Kelly.

Joc Pederson – $14 million mutual option, $3 million buyout

Joc Pederson declined his option with the D-Backs to become a free agent.

Eugenio Suárez – $15 million club option, $2 million buyout

D-Backs picked up their club option on Eugenio Suarez.

Jordan Montgomery – $22.5 million player option, no buyout

Jordan Montgomery exercised his player option.

Atlanta Braves Contract Options

Luke Jackson – $7 million club option, $2 million buyout

The Braves declined their club option on Luke Jackson.

Travis d’Arnaud – $8 million club option, no buyout

The Braves declined their club option on Travis d’Arnaud.

Marcell Ozuna – $16 million club option, $1 million buyout

The Braves picked up their club option on Marcell Ozuna.

Aaron Bummer – $7.25 million club option for 2025, $7.5 million club option for 2026, each option includes a $1.25 million buyout

The Atlanta Braves signed Aaron Bummer to a reworked two-year extension, erasing the club options and turning them into a new two-year, $13 million guaranteed deal.

If both options were picked up, Bummer would have made $14.75 million. Instead, he takes a $1.75 million cut in the potential of what his deal could have been and guarantees $13 million.

The Braves also save some money in 2025, as Bummer will receive $3.5 million in 2025 and $9.5 million in 2026.

Reynaldo Lopez signs new three-year, $30 million deal

Last year, Reynaldo Lopez signed a three-year, $30 million deal with the Atlanta Braves. That contract paid him just $4 million in 2024, then $11 million per year in 2025 and 2026. It also included an $8 million club option for 2027, with a $4 million buyout.

The Braves have now essentially picked up the $8 million option early, and in exchange, Lopez pushed $3 million of his salary in 2025 to 2026, as he will now make $8 million next year and $14 million the following year, before closing out the contract back at $8 million.

All told, Lopez will earn $34 million across the four years of his deal, which was the max he could have under the initial structure anyway.

Baltimore Orioles Contract Options

Danny Coulombe – $4 million club option, no buyout

The Orioles did not pick up their club option on Danny Coulombe.

Ryan O’Hearn – $8 million club option, no buyout

The Orioles picked up their club option on Ryan O’Hearn.

Seranthony Domínguez – $8 million club option, $500K buyout

The Orioles picked up their club option on Seranthony Domínguez.

Eloy Jiménez – $16.5 million club option, $3 million buyout (50% retained by CHW)

The Orioles declined their option and were responsible for paying Jiménez $1.5 million.

Boston Red Sox Contract Options

Rob Refsnyder – $2.1 million club option, $150K buyout

The Red Sox picked up their club option on Rob Refsnyder.

Lucas Giolito – $19 million player option in 2025, $1 million buyout; $14 million club option for 2026, becomes a $19 million mutual option with 140+ innings pitched in 2025.

Lucas Giolito is recovering from Tommy John surgery, making it an easy decision to pick up his player option for 2025.

Chicago Cubs Contract Options

Drew Smyly – $10 million mutual option, $2.5 million buyout

Cubs declined their option, Smyly is a free agent.

Cody Bellinger – $27.5 million owed in 2025, can opt-out with a $2.5 million buyout; $25 million player option for 2026, $5 million buyout

Bellinger opted into his contract for 2025.

Chicago White Sox Contract Options

White Sox: Yoán Moncada – $25 million club option, $5 million buyout

White Sox declined their hefty $25 million option on Moncada.

White Sox: Max Stassi – $7.5 million club option, $500K buyout

Club option declined.

Cincinnati Reds Contract Options

Brent Suter – $3.5 million club option, $500K buyout

The Reds signed left-handed reliever Brent Suter to a one-year, $2.25 million deal, with a $3 million club option for the 2026 season. Before signing him to the new deal, the Reds paid the buyout on Suter’s previous contract.

Luke Maile – $3.5 million club option, $500K buyout

The Reds declined their option on catcher Luke Maile.

Emilio Pagán – $8 million player option, $250K buyout

Pagán picked up his $8 million player option for the 2025 season.

Jakob Junis – $8 million mutual option, $3 million buyout

Junis exercised his option to become a free agent and received his $3 million buyout.

Nick Martinez – $12 million player option

Nick Martinez exercised his option to become a free agent.

Cleveland Guardians Contract Options

N/A

Colorado Rockies Contract Options

Rockies: Jacob Stallings – $ 2 million mutual option

Jacob Stallings is a free agent.

Detroit Tigers Contract Options

N/A

Houston Astros Contract Options

N/A

Kansas City Royals Contract Options

Chris Stratton – $4.5 million player option, $500K buyout

The Royals reliever picked up his player option.

Hunter Renfroe – $7.5 million player option, $1 million buyout

Hunter Renfroe picked up his player option for next season.

Adam Frazier – $8.5 million mutual option, $2.5 million buyout

The Royals declined their end of their mutual option on Adam Frazier.

Michael Wacha – $16 million player option

The Royals have signed Michael Wacha to a new contract that replaces his $16 million player option for the 2025 season. Instead, Wacha signed a three-year deal that could max out at $50 million, with $4 million in incentives.

Wacha will earn $18 million a year in 2025 and 2026, before dropping down to $14 million in 2027. He then has an additional $14 million club option available to the Royals in 2028, with a $1 million buyout.

Los Angeles Angels Contract Options

N/A

Los Angeles Dodgers Contract Options

Dodgers: Austin Barnes – $3.5 million club option, no buyout

The Dodgers picked up their club option on their backup catcher.

Dodgers: Miguel Rojas – $5 million club option, $1 million buyout

The Dodgers picked up their club option on Miguel Rojas.

Clayton Kershaw – $15 million player option; $10 million with $5 million in vested escalators based on games started in 2024

Clayton Kershaw has stated he will be coming back next year, but he has declined his player option and become a free agent.

Miami Marlins Contract Options

N/A

Milwaukee Brewers Contract Options

Devin Williams – $10.5 million club option, $250K buyout

The Milwaukee Brewers made a bit of a surprising decision to decline Devin Williams’ club option, yet still retain him through arbitration.

Gary Sánchez – $11 million mutual option, $4 million buyout

The Brewers have declined their end of the mutual option on Gary Sanchez’s contract. Sanchez collects a $4 million buyout and hits free agency.

Colin Rea – $5.5 million club option, $1 million buyout

The Brewers declined Colin Rea’s club option after putting him on waivers over the weekend.

Freddy Peralta – $8 million club options for 2025 and 2026

A complete no-brainer, the Brewers picked up their option on Freddy Peralta.

Wade Miley – $12 million mutual option, $1.5 million buyout

The Brewers declined their option on Wade Miley.

Rhys Hoskins – in 2024 $12 million, $18 million player option, $4 million buyout for 2025, $18 million mutual option in 2026, $4 million buyout

Rhys Hoskins opted into his $18 million player option to stay in Milwaukee.

Frankie Montas – $20 million mutual option, $2 million buyout

Frankie Montas declined his half of the mutual option.

Minnesota Twins Contract Options

Twins: Kyle Farmer – $6.25 mutual option, $250K buyout

Twins decline their end of the mutual option on Kyle Farmer.

Twins: Manuel Margot – $12 million mutual option, $2 million buyout

Twins also declined their option on outfielder Manuel Margot.

New York Mets Contract Options

Phil Maton – $7.75 million club option, $250K buyout

The Mets declined their club option on Phil Maton.

Sean Manaea – $13.5 million player option

Sean Manaea opted to become a free agent.

New York Yankees Contract Options

Luke Weaver – $2.5 million club option

The most no-brainer of options to pick up, the Yankees have secured their affordable closer for one more season.

Lou Trivino – $5 million club option

The Yankees declined their option. There was no buyout attached.

Anthony Rizzo – $17 million club option, $6 million buyout

Yankees decline their club option, Rizzo receives a $6 million buyout and becomes a free agent.

Gerrit Cole – can opt out of remaining four years, $144 million; the Yankees then have the option to add a fifth year at $36 million

After initially opting out of his contract, Gerrit Cole has decided to stay with the Yankees and collect the $144 million remaining on his deal over the next four years.

Athletics Contract Options

N/A

Philadelphia Phillies Contract Options

N/A

Pittsburgh Pirates Contract Options

Marco Gonzales – $15 million club option, no buyout

The Pirates declined their club option on Marco Gonzales.

San Diego Padres Contract Options

Wandy Peralta – can opt out of the first of three player options. Will earn $4.25 million in 2025, and has options for $4.45 million in 2026 and 2027

Peralta opted into the first of his three player options.

Ha-Seong Kim – $7 million mutual option, $2 million buyout

Kim exercised his end of the mutual option to become a free agent and will collect a $2 million buyout.

San Francisco Giants Contract Options

Wilmer Flores – $3.5 million player option, if player declines, $8.5 million club option

Wilmer Flores exercised his $3.5 million player option.

Robbie Ray – has an opt-out on the two years and $50 million left on his deal.

Robbie Ray opted into the final two years and $50 million on his contract.

Blake Snell – $38.5 million player option, $15 million of 2025 salary deferred until 2027

Blake Snell opted out of his contract to become a free agent.

Seattle Mariners Contract Options

Jorge Polanco – $12 million club option. $750K buyout

Mariners declined their club option.

Mitch Haniger – $15.5 million player option, no buyout

Mitch Haniger has exercised his player option.

St. Louis Cardinals Contract Options

Keynan Middleton – $6 million club option, $1 million buyout

St. Louis declined Middleton’s option.

Lance Lynn – $11 million club option, $1 million buyout

The Cardinals declined Lynn’s option.

Kyle Gibson – $12 million club option, $1 million buyout

The Cardinals declined Gibson’s option.

Tampa Bay Rays Contract Options

Brandon Lowe – $10.5 million club option, $1 million buyout for 2025; $11.5 million for 2026, $500K buyout

Rays picked up their $10.5 million club option.

Texas Rangers Contract Options

Andrew Chafin – $6.5 million club option, $500K buyout

The Rangers declined their club option on Andrew Chafin.

David Robertson – $7 million mutual option, $1.5 million buyout

David Robertson exercises his option to become a free agent and collect his $1.5 million buyout.

Nathan Eovaldi – $20 million player option, $2 million buyout

Nathan Eovaldi declined his player option.

Toronto Blue Jays Contract Options

N/A

Washington Nationals Contract Options

Joey Gallo – $8 million mutual option, $2.5 million buyout

The Nationals declined their end of their mutual option and paid Gallo a $2.5 million buyout.