Stock Watch: Midwinter progress report for all 30 MLB clubs - ESPN

The hot stove season is stuck in the middle. When we last checked in, the winter meetings in Orlando, Florida, were set to begin, and we figured that a month later the heavy lifting of the 2025-26 offseason would be complete.

Yet here we are. While there has been some activity — including this weekend's big news about Alex Bregman agreeing to terms with the Cubs — the free agent market remains rich with impact talent, with the likes of Kyle Tucker, Cody Bellinger and Bo Bichette among those still unsigned. The whisper mill is still spinning with trade rumors. There is much left to do.

Rather than the de facto winter wrap on each club we thought we might be doing, we're looking at something more like midterm assessments. That's fine, because it gives us a chance to note the areas that teams have attacked with their offseason work to date and highlight remaining weaknesses that should be addressed in the weeks to come.

When Stock Watch returns, we'll be headed for spring training. At that point, the offseason transaction work will be mostly finished, right?

Win average: 99.0 (Last Stock Watch: 98.6, 1st)
In the playoffs: 95.3% (Last: 94.7%)
Champions: 22.2% (Last: 22.4%)

Progress report: The Dodgers' offseason has consisted of nabbing a new closer in Edwin Diaz in free agency and then working the edges. Now you get the feeling they are sitting back, enjoying some fine cigars, coiled like a proverbial snake waiting to strike again when the time is right.

As it stands, L.A. projects to have the No. 2 offense and the top pitching staff, both in the rotation and the bullpen. The Dodgers also have the oldest position player group in the majors and could stand to mix in a little youth and athleticism. Both would be accomplished