2025 MLB winter meetings updates, rumors and predictions - ESPN

The MLB winter meetings are underway in Orlando, Florida, with the baseball industry gathering for an action-packed week of rumors, signings and trades — including big splashes by top NL powerhouses with the Philadelphia Phillies bringing back Kyle Schwarber and the Los Angeles Dodgers adding top closer Edwin Diaz.

We've got it all covered for you, from our predictions going into the meetings to the latest updates and analysis as the moves go down.

Which big free agents will pick a team? Who will be mentioned in blockbuster trade discussion? And what rumors will rule the week? Check out our predictions and refresh often for the latest intel and reaction as the week unfolds.

Key links: Olney, Passan: Latest intel | Every team's plan | FA tracker | Grades

Alonso to the… Orioles!

First baseman Pete Alonso and the Baltimore Orioles are finalizing a five-year, $155 million contract, sources told ESPN. Alonso leaves the Mets one day after New York saw closer Edwin Diaz join the Los Angeles Dodgers.

What Cleveland is thinking this offseason

The Cleveland Guardians will almost never be highly active early in an offseason — their total payroll last year was about $100 million, or about two-thirds of what the Phillies just committed to Kyle Schwarber — but they'll likely be more active later in the winter, as the free agent market fluctuates. There are about 100 unsigned relievers and the Guardians will probably get involved there at some point, as the costs begin to drop. And while Cleveland will listen to offers for left fielder Steven Kwan, who is two seasons from free agency, their intention is to keep him into next season. Kwan, 28, is a two-time All-Star and a four-time Gold Glove winner, but he's coming off what for him