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The Arizona Diamondbacks signed free agent right-hander Mark Melancon to a two-year, $16 million deal on Wednesday. (Source: Jeff Passan on Twitter)

Fantasy Impact: Melancon declined his option with the San Diego Padres in November and became a free agent. He ends up with Arizona on a two-year deal, including a third-year option with a $2 million buyout. The 36-year-old converted 39’of 45 save opportunities with a 2.23 ERA, 1.22 WHIP, and 59 strikeouts over 64 2/3 innings in 2021. Melancon is expected to be the Diamondbacks' closer and is a good bet to lead the team in saves in 2022. The veteran right-hander will be a top-15 reliever heading into 2022 fantasy drafts.


The Cubs signed free agent RHP Marcus Stroman to a three-year, $71 million contract. (Source: Jeff Passan on Twitter)

Fantasy Impact: Stroman registered an impressive 3.02 ERA in 33 starts for the Mets last season. It's an interesting signing for the rebuilding Cubs, but adding a pitcher of Stroman's caliber is always a plus. He'll continue to be a strong option for fantasy managers in '22, though wins could be harder to come by.


ESPN's Jeff Passan reports the Dodgers are reportedly "making progress" on a deal with free agent INF/OF Chris Taylor. (Source: Jeff Passan on Twitter)

Fantasy Impact: LA already lost Corey Seager to the Rangers, so retaining Taylor makes sense here. The versatile infielder/outfielder will likely continue to split time across multiple positions in 2022. He was an All-Star for the first time last season, but his bat faded down the stretch.


Left-hander James Paxton and the Boston Red Sox are in agreement on a one-year, $10 million contract with a two-year club option, according to a report from MLB insider Jeff Passan. (Source: Jeff Passan on Twitter)

Fantasy Impact: Paxton is an interesting buy-low for the Red Sox, but he has thrown just 21 2/3 innings since 2019 and is not expected to be ready for the start of the 2022 season as he recovers from Tommy John surgery.


Ken Rosenthal of The Athletic reports the Angels are closing in on a four-year contract with free agent closer Raisel Iglesias. (Source: Ken Rosenthal on Twitter)

Fantasy Impact: This is a solid move for the Angels as they try and contend in a suddenly crowded American League West. Iglesias performed as one of the top relievers in baseball for the Halos last season, and he'll be viewed as a top-four fantasy closer entering 2022.


Free agent SS Javier Baez is reportedly signing a six-year, $140 million contract with the Detroit Tigers. (Source: Mark Feinsand on Twitter)

Fantasy Impact: It's another splash move for the Tigers, who previously landed Eduardo Rodriguez on a five-year, $77 million contract to kick off the offseason. Baez will bring his uneasy combo of poor plate discipline with extremely loud power/speed tools to Detroit. He'll continue to be a rock-solid player in 5x5 roto formats.


SS Corey Seager and the Texas Rangers have reached an agreement on a 10-year, $325 million deal, sources tell ESPN's Jeff Passan. (Source: Jeff Passan on Twitter)

Fantasy Impact: It's a massive pay day for Seager, who now joins an elite middle infield in Texas with fellow free-agent signing Marcus Semien. It will be interesting to see what the Rangers decide to do with their previous shortstop Isiah Kiner-Falefa, and whether or not they decide to trade him or move him elsewhere in the infield. Nonetheless, Seager will remain a premier fantasy asset in what should be a much more potent offense in Texas.


ESPN's Jeff Passan reports the Mariners and free agent LHP Robbie Ray are finalizing a five-year, $115 million contract. (Source: Jeff Passan on Twitter)

Fantasy Impact: The deal includes an opt out after Year 3. Seattle has been reported to be interested in making a splash this offseason and this certainly qualifies as one. Ray had a career year in 2021 en route to winning the American League Cy Young award. There will be a lot of debate this offseason as to whether or not he can maintain that production in 2022.


Jon Heyman of MLB Network reports the Mets are finalizing a three-year, $130 million contract with free agent RHP Max Scherzer. (Source: Jon Heyman on Twitter)

Fantasy Impact: This blows the AAV record out of the water, which was previously held by Gerrit Cole at $36 million. Scherzer will now average roughly $43 million over the next few seasons as he teams up with Jacob deGrom to form arguably the scariest 1-2 punch in recent memory. Scherzer was fantastic in 2021, showing little sign of imminent decline. Among National League starters he ranked second in ERA, fourth in fWAR, second in K% and K-BB%, third in BB%, and fourth in FIP and xFIP. He'll be an obvious SP1 in 2022 fantasy drafts.


Michael Lorenzen has agreed to a one-year deal with the Los Angeles Angels. The deal is worth $7 million. (Source: Robert Murray)

Fantasy Impact: Lorenzen recorded a 5.59 ERA and 1.38 WHIP in 27 games last season for the Reds. The Angels could also use him as a two-way player with his ability to play in the outfield.


Avisail Garcia has signed a four-year deal with the Miami Marlins worth $53 million. (Source: Jeff Passan on Twitter)

Fantasy Impact: Garcia hit .262/.330/.490 with 29 homers in 125 games for the Brewers in 2021. The Marlins need outfield help and he should be able to help that problem.


Kole Calhoun has signed a one-year deal with the Texas Rangers. The contract is worth $5.2 million with an option for 2023. (Source: Mark Feinsand on Twitter)

Fantasy Impact: Calhoun had a down 2021 season. He hit .235/.297/.373 with a .670 OPS and five homers in 51 games. He could be a solid bat off the bench for the Rangers.


Jon Gray has agreed to a four-year deal with the Texas Rangers. The deal is worth $56 million. (Source: Jeff Passan on Twitter)

Fantasy Impact: Gray recorded a 4.59 ERA, 1.34 WHIP and 9.2 K/9 during the 2021 season. The Rangers are heavily in need of pitching, Gray will help with that.


ESPN's Jeff Passan reports the Blue Jays have agreed to a five-year, $110 million contract with free agent RHP Kevin Gausman. (Source: Jeff Passan on Twitter)

Fantasy Impact: Gausman had some interesting 2021 splits. He posted a 1.73 first half ERA with a 3.31 xFIP. In the second half, he registered a 4.42 ERA with a 3.23 xFIP. The move to the American League East isn't a great one for his fantasy prospects, but he has shown enough over the past two season to remain a quality fantasy starter. This likely takes Toronto out of the Robbie Ray sweepstakes.


ESPN's Jeff Passan confirms the Texas Rangers are signing free agent 2B/SS Marcus Semien to a seven-year, $175 million contract. (Source: Jeff Passan on Twitter)

Fantasy Impact: It's a massive payday for Semien, who had to settle for a one-year contract last offseason. The 31-year-old had a monstrous season with the Blue Jays, belting 45 homers and swiping 15 bases. The move to Texas isn't good for his counting stats, but Semien should remain a high-end fantasy player in 2022.


According to Jon Morosi, reliever Yimi García signs with the Toronto Blue Jays to bolster their bullpen. (Source: Jon Morosi on Twitter)

Fantasy Impact: With the Marlins, García recorded all 15 saves in 2021 with a 3.47 ERA and 1.21 WHIP. As an Astros reliever, he served in a setup role with a 5.48 ERA and 1.08 WHIP with zero saves and two holds. With the Astros, he appeared a bit unlucky with a 42.6% LOB% compared to a 71.1% LOB% with the Marlins. Expect García to serve in a middle relief role with the Blue Jays, but could challenge Jordan Roman eventually for saves in 2022.


Free agent outfielder Mark Canha agreed to a two-year deal with the New York Mets on Friday, according to multiple reports. (Source: Joel Sherman on Twitter)

Fantasy Impact: Canha batted just .231 in 2021 but boasted a .358 on-base percentage thanks to a 12.3% walk rate. He hit 17 home runs and stole a career-best 12 bases, but he only managed to slug just .387. He'll be 33 years old at the start of the 2022 season.


Outfielder Starling Marte has agreed to a deal with the New York Mets that is pending a physical, according to MLB insider Jon Heyman. (Source: Jon Heyman on Twitter)

Fantasy Impact: After missing out on free-agent pitcher Steven Matz earlier in the week, the Mets went on a bit of a spending spree heading into the weekend. On Friday, they reportedly agreed to terms with Eduardo Escobar, Mark Canha, and now Starling Marte. In 2021, the 33-year-old Marte batted .310 with 12 home runs and 47 stolen bases.


The Red Sox and starting pitcher Michael Wacha are in agreement on a one-year deal for the 2022 season. (Source: Jeff Passan on Twitter)

Fantasy Impact: Wacha, 30, went 3-5 with a 5.05 ERA, 1.31 WHIP, and .270 OBA through 29 games (23 starts) with the Rays last season. He'll remain in the AL East and look to bounce back after a suboptimal 2021 campaign.


The Mets have reportedly signed infielder Eduardo Escobar to a two-year contract worth roughly $25 million. (Source: Jon Heyman on Twitter)

Fantasy Impact: Escobar, who turns 32 in January, slashed .253/.314/.472 with 28 homers, 90 RBI, 48 walks, and 124 strikeouts through 146 games with the Diamondbacks and Brewers last season. The addition presumably rules out any chance of a Baez/Lindor union in the middle infield.