The Twins just underwent a big sell-off at the summer trade deadline. That led to plenty of speculation about further selling this winter but that appears not to be in the cards. Ken Rosenthal of The Athletic reports that the club plans to hold onto trade candidates like Joe Ryan, Byron Buxton and Pablo López as they try to return to contention in 2026. Rosenthal doesn’t mention Ryan Jeffers but this presumably applies to him as well.
Minnesota was in contention for a decent amount of the 2025 season. They fell down the standings in the summer and pivoted into seller position ahead of the July deadline. Many expected them to do modest selling of impending free agents but they went far deeper than that. They flipped controllable relievers Jhoan Duran, Griffin Jax, Louis Varland and Brock Stewart. They also sent infielder Carlos Correa back to Houston, an effective salary dump. It was clearly financially motivated from the get-go and then the player they acquired in return, pitcher Matt Mikulski, was released in October.
After such an aggressive teardown, the expectation has been that they would continue selling this winter. Ryan, López and Buxton were all the subject of trade rumors. Buxton and López are the two highest-paid players on the team but would still be attractive to other clubs. Buxton is signed through 2028 and López 2027. Ryan isn’t expensive, as he’s still in his arbitration seasons. But with just two years of club control, he wouldn’t fit on a rebuilding club. With his modest projected salary, he likely would have had the highest trade value of the trio. Jeffers is an impending free agent and would have found lots of interest, especially considering the weak catching market.
There were at least some signs that the Twins didn’t plan for their deadline sell-off to lead to multi-year rebuilding project. Their returns in their summer trades were largely major league-ready players and upper level prospects. Across various trades, they acquired Mick Abel, Taj Bradley, Alan Roden, James Outman and Kendry Rojas, among others. The first four of those guys already had some major league experience. Rojas still hasn’t appeared in the big leagues but reached the Triple-A level prior to being acquired. If the club were planning a yearslong rebuilding effort, those would have been odd choices.
In the background of all this was the Pohlad family looking to sell the club, something they announced in October of 2024. But in August of 2025, just a few weeks after the deadline, it was announced that the family was taking the club off the market. They would instead be taking on some minority partners, whose investments would help the club deal with hundreds of millions of dollars in debt.
As the winter began, many still expected the club to be selling this winter. President of baseball operations Derek Falvey pushed back on that a bit in November, saying that he had not yet been given any directions about further lowering the payroll and that his plans would be to add to the 2026 roster until told otherwise.
None of their moves this offseason have clearly pushed them in one direction or another. They have made a few very small trades, having picked up relief pitcher Eric Orze and catcher Alex Jackson. But now it seems the club has picked a lane and will be trying to put their best foot forward in 2026.
Perhaps the heavy lifting on the financial front was accomplished at the deadline, primarily by the Correa deal. The situation with the new investors is still a bit foggy but it’s possible the debt is gone or least a much smaller concern. RosterResource projects the Twins for a payroll of $96MM next year, about $40MM below where they finished in 2025. They may not get all the way back to those 2025 levels but it doesn’t seem there’s any need to further subtract. Rosenthal’s source says the club has “mild flexibility” to make additions. The Twins already have one of the top farm systems in the league, so perhaps adding more prospects to the stockpile isn’t a high priority.
Though the Twins believe they can contend in 2026, they will have work to do. The rotation looks to be in decent shape. In addition to Ryan and López, they have Bailey Ober, Simeon Woods Richardson, Zebby Matthews, David Festa, Abel, Bradley, Rojas and others. But the lineup was subpar last year. In addition to Correa, they also traded impending free agents Harrison Bader, Ty France and Willi Castro. They traded almost their entire bullpen and will have a big to-do list there.
Before even considering the flexibility to make external additions, they will need internal improvements. In the lineup, guys like Royce Lewis, Luke Keaschall, Brooks Lee and other young players will need to either break out or return to form. It will be a similar situation for rotation options like Ober, Matthews, Festa, Abel and Bradley.
This is also a big development for other teams. Many of the other 29 clubs surely would have been calling about Ryan, López, Buxton and others if the Twins were going to continue to sell. If those players aren’t available, that could have domino effects elsewhere. Demand for the remaining free agents should increase somewhat. The same should apply for players that are available in trades, such as MacKenzie Gore of the Nationals or various players on the Cardinals.
It’s an interesting shake-up to the offseason. For the Twins, they will keep their top guys and see how things go in 2026. If they fall short in their attempt to compete, they could pivot to trading these players at the deadline. As mentioned, they have a strong farm system already, so perhaps returning to contention in 2027 would be possible even if 2026 comes up a bit short. For now, it dries up the trade market for other clubs, as the Twins will look for ways to utilize the bit of payroll flexibility they have.
Photo courtesy of Bruce Kluckhohn, Isaiah J. Downing, Imagn Images
