As Major League Baseball’s spring training kicks off, the frenzy of free-agent signings has already come to a close. While the focus is on the upcoming 2025 season, it’s never too early to peek into the crystal ball and anticipate the next offseason’s free-agent class. The landscape of baseball is ever-changing, with players signing extensions, improving their stock, or facing setbacks that impact their future in the league.
Looking ahead, several players face opt-out clauses or player options that could alter their careers after the upcoming season. These decisions are crucial for players seeking to leverage their performance into lucrative contracts or extensions. Here are ten players with impending opt-out/player option choices ranked by the likelihood of them exercising their contractual rights to enter free agency.
Edwin Diaz
Contract status: Can opt out of final two years and $38 million
Edwin Diaz, a premier strikeout pitcher, has the potential to leverage his opt-out clause with the Mets into a more lucrative deal if he continues his impressive performance in the upcoming season.
Seth Lugo
Contract status: Can opt out of final year and $15 million
Seth Lugo, the AL Cy Young runner-up, has proven himself durable and effective, making his one-year, $15 million contract with the Royals a potential bargain.
Cody Bellinger
Contract status: $25 million player option for 2026 ($5 million buyout)
Cody Bellinger, a versatile player with a power-hitting profile, faces a decision that could lead to a multi-year contract beyond his current deal with the Cubs.
Jack Flaherty
Contract status: Can opt out of final year and $10 million
Jack Flaherty’s performance in the upcoming season could determine whether he opts out of his contract with increased earning potential on the horizon.
Pete Alonso
Contract status: Can opt out of final two years and $80 million
Pete Alonso’s decision to opt out will depend on his performance and the changing dynamics of the free-agent market for first basemen.
Alex Bregman
Contract status: Can opt out of final two years and $33 million
Alex Bregman’s pull-heavy approach makes him a valuable asset for teams, but the decision to opt out of his contract with the Red Sox carries risks and potential rewards.
Shohei Ohtani
Contract status: Can opt out of final two years and $33 million
Shohei Ohtani’s multi-year deal with the Orioles gives him the opportunity to assess his performance in the upcoming season and potentially secure a more lucrative contract in free agency.
Others with opt-outs/player options: Lucas Giolito, Red Sox; A.J. Minter, Mets; Frankie Montas, Mets; Joc Pederson, Rangers; Trevor Story, Red Sox; Robert Suarez, Padres
In the world of baseball contracts, the decisions players make regarding opt-out clauses and player options can shape their careers and financial futures. As the 2025 season unfolds, these players will navigate the uncertainties of the league to secure their places in the ever-evolving landscape of Major League Baseball.