TODAY: The Yankees’ interest in Slater extended to the point that New York offered Slater a big league deal earlier this offseason, The Athletic’s Brendan Kuty reports. It isn’t known when the Yankees made the offer or if it’s still on the table, though Slater remains unsigned.
JANUARY 30: The Yankees have made some notable moves this month, re-signing Cody Bellinger and acquiring Ryan Weathers from the Marlins. They still have more work to do. Jon Heyman of The New York Post reports that they have shown some interest in various free agents, including right-hander Nick Martinez and Michael Kopech, as well as outfielders Austin Slater and Randal Grichuk. Heyman also mentions that first baseman Paul Goldschmidt seems willing to return to the Yankees even if that’s in a part-time role. Jack Curry of Yes Network mentioned the club’s interest in a Goldschmidt reunion on Yankees Hot Stove earlier this week.
Goldschmidt signed a one-year, $12.5MM deal to join the Yankees a year ago and was set to be their everyday first baseman. He should have less earning power now and would likely be looking at a lesser role as well. He finished the year with ten home runs and a .274/.328/.403 line. The resulting 103 wRC+ was just barely above league average, his second straight season of offense around league par. As the season wore on, Ben Rice took over some of his playing time at first base.
Though the season was only about average overall, Goldschmidt was excellent in a platoon capacity, hitting .336/.411/.570 against southpaws for a 169 wRC+. Perhaps there’s a path for him to return to the Yankees in a short-side platoon capacity. The Yanks have a pretty lefty-heavy lineup. In addition to Rice at first, they have Bellinger, Trent Grisham, Jazz Chisholm Jr., Ryan McMahon and Austin Wells slated for regular duty. There should be opportunities to play matchups with righty bats like Amed Rosario and someone like Goldschmidt.
Heyman writes that Goldschmidt is open to the reduced role but it would reduce the club’s flexibility a little bit. They have one bench spot going to backup catcher J.C. Escarra and another to Rosario. Putting Goldschmidt in there would only leave one spot for either Jasson Domínguez or Oswaldo Cabrera. Once Anthony Volpe is healthy, that could bump José Caballero to the bench and knock someone else out, though that’s all assuming the roster is completely healthy.
On the financial side, it’s unclear if the two sides would be able to meet up on a fair price for Goldy. The Yankees are going to be paying the competitive balance tax for at least a third consecutive year and are above the top tier. They face a 110% tax on anything they add at this point, so signing any player means they are paying out more than twice as much as the player will actually receive.
Goldschmidt has also been connected to another former club, with the Diamondbacks reportedly interested in a reunion as well. That would also likely be a platoon situation, with Arizona having Pavin Smith lined up to play first base against righties.
Martinez, 35, has arguably been baseball’s top swingman in recent years. Since the start of 2022, he has posted a 3.67 earned run average in 524 2/3 innings. He has been better out of the bullpen, with a 2.94 ERA as a reliever compared to a 4.10 mark as a starter, but the flexibility is valuable to teams as they navigate a long season.
For the Yankees, their short-term rotation picture is very different than the long-term outlook. They are slated to start the campaign with Max Fried, Cam Schlittler, Luis Gil, Will Warren and Weathers in five spots. Gerrit Cole and Carlos Rodón are going to begin the year on the injured list but will eventually jump in there when they get healthy. Clarke Schmidt will miss at least the first half recovering from Tommy John surgery but could perhaps make a late-season appearance.
Even in the projected season-opening five, there are some question marks. Schlittler had a great debut but still has just 14 regular season starts on his résumé. Gil missed a lot of 2025 due to a lat strain and his results weren’t great when he returned. Weathers has had plenty of injury issues over the years and still hasn’t hit 90 innings in a season.
Presumably due to the uncertainty in that group, the Yankees have added a couple of swing options already, signing Paul Blackburn and Ryan Yarbrough. Blackburn got a $2MM guarantee and Yarbrough $2.5MM. Those two could step up and make starts if needed, depending on what happens with everyone else, or they could be in the bullpen.
Martinez should be a more expensive version of the same idea. Two years ago, he got a two-year, $26MM deal from the Reds. He pitched well enough in the first year to trigger an opt-out, then received a $21.05MM qualifying offer, which he accepted.
He will presumably have to settle for something lower than that now that he’s a bit older and posted a 4.45 ERA in 2025, but his 2.61 ERA as a reliever should be worth a few million alone, never mind the flexibility of being able to make competent starts. As mentioned with Goldschmidt, the Yankees would effectively be paying double whatever Martinez is able to earn. Martinez was connected to the Tigers in rumors last week.
Kopech, 30 in April, has some starting experience but will presumably be a straight bullpen add. He has been used strictly in relief for two years running now and was also hurt for most of 2025, so it’s unlikely any club would plan to stretch him out now. He showed his upside in 2024, split between the White Sox and Dodgers. He posted a 3.46 ERA over 67 appearances. His 12.2% walk rate was quite high but he punched out a huge 31.5% of batters faced.
He will be a buy-low opportunity for someone. Last year, he only made 11 appearances. He made trips to the injured list due to a shoulder impingement and a torn meniscus in his right knee. He was connected to the Giants last month but remains unsigned.
As for Slater and Grichuk, they are right-hitting outfielders. As mentioned earlier, the Yankees project to have a lefty-heavy lineup. That includes Grisham and Bellinger in the outfield. Domínguez is a switch-hitter who struggles against lefties.
The Yanks acquired Slater at last year’s deadline but he didn’t play much due to a left hamstring strain suffered shortly after the trade. But in his career, he has been a strong outfield defender who hits well with the platoon advantage. He has a .267/.357/.430 line and 119 wRC+ against lefties in his career. Grichuk is fairly comparable, with a .268/.318/.500 line and 118 wRC+ against southpaws in his career.
Photo courtesy of Tim Heitman, Imagn Images
