Juan Soto stole the biggest headline at the now-completed Winter Meetings – and for $765 million, rightfully so – but the most significant broader storyline to develop out of Dallas might well have been the shape of the pitching market.

In short, it’s expensive. Really expensive.

While only a handful of top position players have signed so far this offseason, a good number of free agent starters have found new homes. And they’ve been paid handsomely for their services.

The real eye-opener so far was Max Fried, who parlayed the Yankees’ frustration at losing Soto to the Mets into a gargantuan, eight-year, $218 million contract. That shattered most predictions for the left-hander, who undoubtedly is one of the league’s better starters but has dealt with some injuries in recent years and isn’t a prototypical power pitcher.

Fried’s deal, which runs through his age-38 season, was the biggest one given to a pitcher so far this winter. But it’s not the only one that exceeded expectations.

Success in the Rule 5 Draft is never assured. It’s actually quite rare. The Nationals, though, were willing to take a shot on an unprotected prospect for the third straight year, hoping Evan Reifert bucks the trend and proves himself a valuable member of their pitching staff for years to come.

The Nats selected Reifert today in the final official event of the Winter Meetings in Dallas, using the No. 6 pick in the draft to snag the right-hander reliever away from the Rays.

Reifert, 25, has never pitched above Double-A, but he’s coming off a dominant 2024 season for Tampa Bay’s affiliate in Montgomery. In 34 appearances, he posted a sparkling 1.96 ERA and 0.919 WHIP, striking out 65 batters in only 41 1/3 innings.

Originally a 30th-round pick of the Rangers in 2018 from North Iowa Area Community College, Reifert chose not to sign with Texas and instead transferred to Central Missouri. He wasn’t selected in the pandemic-condensed 2020 draft, but signed with the Brewers and began his professional career.

After a strong 2021 season in Single-A ball, Reifert was traded to the Rays in a deal for big leaguer Mike Brosseau, then spent the last three seasons in Tampa Bay’s farm system. A shoulder injury derailed most of his 2023 campaign, but he returned strong this year at the Double-A level.

When it was revealed Tuesday evening the Nationals had won the Draft Lottery, it was immediately appropriate to mention the two previous times this club held the No. 1 pick and the two iconic players who were selected with those picks.

Obviously, the Nats would be thrilled if the first player taken in the 2025 Draft has the same impact Stephen Strasburg and Bryce Harper did a decade and a half ago. But there’s a distinct difference to note about this future draft pick from those prior ones. The difference in the state of the franchise at the time of the pick.

When they drafted Strasburg on June 9, 2009, the Nationals were undoubtedly the worst team in baseball. They lost a league-worst 102 games in 2008, which is how they were awarded the No. 1 pick in the pre-lottery days. And on that night, they owned an abysmal 16-41 record, en route to a 103-loss season that would lock up the No. 1 pick again the following year.

It would be three more seasons before the Nats secured their first winning record, which also happened to come with their first division title and postseason berth. By then, the roster had been completely overhauled by still-newish general manager Mike Rizzo, who combined homegrown prospects with experienced veterans acquired via free agency and a few calculated additions via trade.

Strasburg and Harper were a huge part of that. Maybe the Nationals still would have made the 2012 playoffs without either young star, but there’s no way they would’ve won 98 games. And both continued to be critical to the organization’s success over the next several years, leading to three more division titles through the 2017 season.

The Nationals nearly won Major League Baseball’s first Draft Lottery in 2022, finishing runner-up to the Pirates. They technically did win the 2023 lottery but were ineligible to hold the No. 1 pick, which wound up going instead to the Guardians.

There were no such restrictions this time around, just low odds. Which proved not to be a problem when the Nats were revealed the surprise winners of the 2024 lottery.

The grand prize: The No. 1 pick in next summer’s draft, the third time in club history they’ve held the first overall selection. The previous two players selected: Stephen Strasburg in 2009 and Bryce Harper in 2010, a couple of franchise icons.

Strasburg and Harper were drafted during some of the lowest points in the club’s two decades in D.C., immediately following 100-loss seasons. They were key figures in securing the team’s first winning record (and division title) in 2012. This No. 1 pick will join the organization three years into a roster rebuild that already has seen top prospects (Dylan Crews, James Wood, CJ Abrams, MacKenzie Gore) reach the majors, with an eye on returning to contention as soon as 2025.

“We’ve got a good system in place right now. Getting the first pick is just going to add to that, and add value to our organization,” general manager Mike Rizzo told MLB Network shortly after learning the news at the Winter Meetings in Dallas. “We’re extremely excited. We’re lucky. And we don’t want to ever be in this position ever again.”

The Nationals’ No. 1 need this offseason is no secret. They need a power bat, ideally at first base but potentially at another position if there’s a good match.

This team ranked last in the National League with 135 home runs. It ranked second-to-last in home runs by first basemen with 14. The only returning candidates to play that position are Juan Yepez and Andres Chaparro, who combined for 10 homers over 381 plate appearances.

If they want to put forth a more productive lineup next season, it’s the obvious upgrade that must occur this winter.

To date, they haven’t upgraded at first base. Nor have they upgraded at any position so far during an awfully quiet offseason. The good news: Nobody has.

Not a single free agent first baseman has signed anywhere yet. And the list includes a good number of prominent names just waiting to be courted and locked up.

Good morning, Nationals fans. For those of you who weren’t up late Sunday night and missed the news … Juan Soto is going to be a New York Met. For a very long time. For more money than any professional North American athlete has ever received.

Hours before the Winter Meetings officially commenced in Dallas, Soto and the Mets agreed to a 15-year, $765 million contract, per every prominent national baseball reporter on the planet. Yes, that’s 15 years and $765 million. That’s $51 million per year, on average, until he turns 41. It exceeds Shohei Ohtani’s previous record-setting $700 million deal with the Dodgers from last winter by a healthy margin.

And it brings Soto back to the National League East, making him the latest in a long line of former Nats greats to sign a massive new contract with a division rival.

Soto’s signing was going to sting for Nationals fans, no matter where he wound up. But it probably would have stung less had he chosen to stay with the Yankees, or instead bolted for another American League East franchise like the Red Sox or Blue Jays. The Mets, though? That’s a tough pill to swallow for many.

In the end, Steve Cohen proved once again he’s the major league owner more desperate to win a World Series than any other in the sport. The Mets haven’t hoisted the Commissioner’s Trophy since 1986. Only seven franchises are mired in longer championship droughts. Desperation (and tens of billions of dollars made in hedge fund management) is a powerful tool this time of year. It doesn’t guarantee success, but it drives an owner to dole out more than three-quarters of a billion dollars to one player in a sport where one player traditionally isn’t the difference between winning and losing.

The Nationals recently announced plans for their 20th anniversary celebration in 2025, with a number of special events and giveaways promised, not to mention a ranking of the 20 greatest moments in club history.

We here were already planning our own 20th anniversary celebration, and why wait until 2025 to get started with that? The Nats already have completed 20 full seasons in D.C., so this is as good a time as any to get the ball rolling with a weekly series that will run every Sunday through the rest of December: The 20 Greatest Players in Nationals History.

What constitutes “greatness?” For these purposes, we’re considering a combination of quantity and quality, plus impact on and off the field. Some of these guys played many years here and had lots of time to make names for themselves. Some of them weren’t here very long but still made a difference with specific acts of greatness.

We only considered a player’s contributions for the Nationals at the major league level. It doesn’t matter what they did before or after they were in Washington. No one singular stat was deemed more important than any other. Postseason performance wasn’t required, but it certainly elevated some players’ cases for inclusion on this list. This is, to be clear, a subjective exercise. There’s no right answer. And that means there will surely be some healthy debate about the choices, which is how these things are supposed to be.

We’ll unveil five names each week, culminating with the top five on Dec. 29. And with that, we begin today with No. 16-20 …

It's been a slow offseason to date, to say the least. The World Series ended more than a month ago, and the Nationals have yet to acquire a major league player, whether via free agency or trade.

The good news: There are still more than two months to go before pitchers and catchers report to West Palm Beach, Fla. And there are tons of available unsigned players looking for jobs, including most of the top free agents on the market. So there's plenty of time for the Nats to get to work. And with the Winter Meetings set to begin Monday in Dallas, you'd like to think we're about to start seeing some action at last.

In the meantime, though, we'll take this opportunity to hold another Q&A with your trusty beat writer. If you've got something you'd like to ask, please do so in the comments section below. Then check back throughout the morning for my responses ...

A lot can happen in 20 years. Two decades ago, the Nationals were scrambling to get RFK Stadium renovated and ready for the park’s first full-time baseball club in 33 years. A roster made up mostly of former Expos players was bolstered with a few affordable free agents. The general manager only had the job on an interim basis. The manager was a legitimate baseball legend finishing out his Hall of Fame career in a manner he never could have foreseen.

The Nationals of 2025 will look nothing like the Nationals of 2005. That’s true of the uniforms they now wear, the ballpark they now play in, the people in charge of the organization and the men who take the field for them. Only a couple of employees who embarked on this adventure from the outset remain.

The franchise was down for several years, then was up for several more, then was on top of the baseball world for a brief time, then came back down to earth and now hopes to climb that mountain again.

There’s a surprising amount of history packed into these 20 years of existence, enough to spur the organization to make the 2025 season a celebration of its history.

The Nationals announced plans this morning for a season-long anniversary celebration, dubbed “NATS20.” It will include a significant prize giveaway, planned appearances by team alumni and a revisiting of the most memorable moments of the last two decades.

The predominant headline two weeks ago at the non-tender deadline was the Nationals’ decision not to retain Kyle Finnegan and Tanner Rainey. Drawing less attention at the time was their decision to retain six other arbitration-eligible players: Luis Garcia Jr., MacKenzie Gore, Josiah Gray, Derek Law, Riley Adams and Mason Thompson.

Perhaps the most surprising name on that list was Adams, who after a difficult season that twice saw him optioned to Triple-A Rochester seemed like a potential non-tender candidate. Instead, the Nats opted to keep the 28-year-old catcher, creating a potential tricky situation come March.

With 3 years, 5 days of big league service time, Adams qualifies for arbitration this winter for the first time in his career. He made $750,900 this season and is on track for a modest raise in 2025, with MLB Trade Rumors projecting a salary of $1.1 million.

That’s not a huge difference, of course, but that’s not the tricky part of the situation for the Nationals. If Adams and the team are able to agree to a 2025 salary without going to an arbitration hearing, that salary will be guaranteed in full.

This is a little-known change to the current collective bargaining agreement, which went into effect after the 2022 season. Previously, if a club released an arbitration-eligible player during spring training, it was only responsible for 30 or 45 days’ worth of termination pay, depending on the exact date the transaction was made. We saw the Nationals take advantage of that rule several times in the past, most notably releasing right-hander John Patterson (their 2007 Opening Day starter) in March 2008.

When the Nationals Youth Baseball Academy opened in 2014, the franchise that bears its name hoped the brand new facility would help make a positive difference in the lives of underprivileged children in Southeast Washington.

Ten years later, the academy has made a difference for more than 6,000 local kids and has established itself as one of the premier youth facilities run by any professional sports organization. So much so that Major League Baseball is now bestowing a significant honor on it to commemorate its 10th anniversary.

MLB announced today the Nationals have won the 2024 Allan H. Selig Award for Philanthropic Excellence, one of the sport’s highest honors, for its decade of service through the youth academy.

The Selig Award, named for former commissioner Bud Selig, was created in 2010 to recognize the charitable and philanthropic efforts of major league clubs. The Nationals become the 12th franchise to win the honor.

“The Nationals Youth Baseball Academy is a terrific example of how our clubs are making a difference in the lives of young people with opportunities on and off the field,” commissioner Robert Manfred said. “I congratulate the Lerner family, the Washington Nationals organization, Nationals Philanthropies and the entire staff at the Nationals Youth Baseball Academy for this well-earned recognition. We are proud to celebrate their efforts, and we look forward to their continued impact throughout the Greater D.C. region.”

Thanksgiving has come and gone, the calendar has flipped to December and every other commercial on TV right now is Christmas-themed. We’ve entered a new phase of the year, and that should include the official firing up of the Hot Stove at last.

Though there’s always some baseball news in November, it’s usually the quietest month of the offseason, certainly from an acquisition standpoint. Only a handful of prominent free agents has signed at this point, but that should change in short order as teams finally get serious about making moves of consequence.

The annual Winter Meetings open one week from today in Dallas, and that’s always good for injecting some life into the offseason. And if we look back at recent history, the flipping of the calendar to the 12th month also has spurred the Nationals to get involved.

One year ago, general manager Mike Rizzo signed three eventual major leaguers from Dec. 6-12. He inked Juan Yepez to a minor league deal on Dec. 6, with Yepez becoming a mainstay in the lineup over the final three months of the season. He signed Nick Senzel on Dec. 7, a transaction that did not work out so well in the long run. And he signed Dylan Floro on Dec. 12, a solid addition to the bullpen that was later flipped at the trade deadline for Andres Chaparro.

Go back one year prior, and Rizzo got to work a few days earlier, signing Jeimer Candelario and Stone Garrett on Nov. 29, then Trevor Williams on Dec. 9, then Erasmo Ramirez on Dec. 15.

The so-called utility man has always been thought of in somewhat negative terms. If someone plays multiple positions, it’s probably because he’s not good enough to play every day at one position.

While that line of thinking has mostly held true throughout baseball history, there have been some more recent examples of teams treasuring a good player’s versatility. Utility men don’t have to come off the bench. Sometimes they hold regular spots in the lineup, just not at the same position in the field on a day-to-day basis.

And the best of them can be handsomely rewarded for those rare skills. Ben Zobrist made nearly $87 million in career earnings while playing four different positions (shortstop, second base, left field, right field) at least 200 times in the majors, plus occasional work at three other positions (center field, first base, third base).

And now Tommy Edman is the latest utility man to cash in, signing a five-year, $74 million extension with the Dodgers on Friday. Edman, who spent the first five seasons of his career with the Cardinals, was traded to Los Angeles this summer and became a key contributor to a World Series title, winning National League Championship Series MVP honors while starting games at both shortstop and in center field.

Not every team values versatility as much as the Dodgers, but Nationals manager Davey Martinez has always spoken highly of players who can be used all over the field and when possible has preferred to keep at least one on his roster.

OK, maybe this hasn’t been as great a year as many probably hoped it would be. There’s still plenty to be thankful for today, though, right?

Of course there is. Even as it pertains to baseball, which may not be back to the level we’d all prefer but undoubtedly is trending in the right direction at last, with the ultimate payoff perhaps not as far off as you’d think.

So before you put the turkey in the oven and sit down to watch what on paper looks like three pretty blah football games, let’s run through everything the Nationals are thankful for on this day …

KEIBERT RUIZ
The opportunity to bounce back from a poor season that in some circumstances could have cost him his job, but won’t here because of the contract extension he signed in 2023.

LUIS GARCIA JR.
Just enough of a display of faith from his manager and general manager to get one last shot to realize his potential this year, which he most definitely did.

We don't typically associate Thanksgiving with baseball. That other national pastime tends to get all the attention this time of year. But baseball has been somewhat on the mind in recent days, especially with the Nationals' notable decision Friday night to non-tender Kyle Finnegan, leaving themselves without a closer.

There's still so much offseason to come, and there's no way to know what else is in store between now and the day pitchers and catchers report to West Palm Beach. The outlook could look completely different then than it does right now.

So, before basting that turkey or mashing those potatoes, let's answer some questions. As always, you can submit your queries in the comments section below, then check back throughout the morning for my responses ...

As the dust settled from Friday night’s decision by the Nationals not to tender contracts to Kyle Finnegan and Tanner Rainey, a few follow-up thoughts came to mind.

One, they barely have any veterans on the roster anymore, with 24-year-old Luis Garcia Jr. (who debuted in August 2020) suddenly the most tenured player on the team.

Two, they have several holes to fill in their bullpen now, most importantly identifying a new closer.

Three, they’ve trimmed their financial commitments for 2025 and beyond down to an absolute minimum at this point.

Not that Finnegan had some kind of exorbitant contract, but the salary he would’ve commanded through the arbitration process this winter (likely between $8 million and $9 million) would’ve made him the highest paid player on the current roster.

Twenty-four hours ago, the Nationals’ most pressing roster needs appeared obvious. They needed a power-hitting first baseman. They needed a veteran starting pitcher. They needed an experienced reliever or two for a setup role. And maybe they needed another productive offensive player who could either hold or share the DH role with someone else.

And then just like that, they added another pressing need to the list: a closer.

Friday night’s unexpected decision not to tender a contract to Kyle Finnegan – fellow reliever Tanner Rainey also was non-tendered – created a major void in the Nats bullpen. Maybe Finnegan wasn’t an elite lockdown closer, but he ranked second in the National League in saves this season and over his five seasons in D.C. totaled 88 saves and 291 appearances, third-most in club history in each category.

Manager Davey Martinez’s remaining relief options boast nothing close to that kind of resume.

Derek Law, who was tendered a contract before Friday’s deadline, is a durable and reliable reliever, to be sure. But the 34-year-old has notched only 13 big league saves across parts of eight seasons with six different clubs. His value lies in his ability to take the ball as often as his manager needs him, which led to a whopping 75 appearances and 90 innings pitched this season. He actually pitches more regularly than a typical closer does.

The Nationals surprisingly parted ways with Kyle Finnegan tonight, choosing not to tender a contract to their All-Star closer four months after turning down trade offers for him.

The club also non-tendered reliever Tanner Rainey, the last remaining active member of the 2019 World Series roster, before this evening’s leaguewide 8 p.m. deadline.

Five other unsigned arbitration-eligible players were tendered contracts: Second baseman Luis García Jr., catcher Riley Adams, left-hander MacKenzie Gore and right-handers Josiah Gray and Derek Law. Reliever Mason Thompson, who missed the entire season following Tommy John surgery, already agreed to terms on a one-year contract with the team Thursday evening.

The decision to let Finnegan become a free agent with one year left of club control was unexpected, especially after general manager Mike Rizzo opted not to accept offers for him at the July 30 trade deadline while dealing setup men Hunter Harvey and Dylan Floro for prospects. In non-tendering him now, the Nationals receive nothing in return for a proven late-inning reliever who ranked second in the National League this season with 38 saves.

Finnegan’s late-season struggles, though, may have changed some club officials’ minds about him. Owner of a 1.98 ERA on July 4 (shortly before he was named an All-Star for the first time), he saw that number skyrocket to 5.93 over his final 28 appearances, leaving his season-ending mark a pedestrian 3.68. That marked four straight years in which he finished with an ERA between 3.51 and 3.76.

There was a point late this summer when it looked like there was a legitimate two-man race for National League MVP. Yes, Shohei Ohtani was doing his usual thing in Los Angeles, but Francisco Lindor was playing out of his mind as well for a Mets club making a surprise run at the postseason.

Could Lindor actually beat out Ohtani for the most prestigious individual award in baseball?

In the end, the answer was a clear no. While Lindor did help get New York into the playoffs, he missed eight key games down the stretch with a back injury. Ohtani, meanwhile, had a closing stretch for the ages: seven homers, 11 stolen bases and an insane .547/.586/1.057 slash line over his final 12 games, during which he became the first player in major league history in the 50/50 Club.

So it came as no surprise Thursday night when Ohtani was named the 2024 NL MVP in a unanimous vote. It’s the third MVP of his illustrious career, and he joins the immortal Frank Robinson as the only players in history to win MVP in both leagues.

That historic performance made Ohtani an easy decision for me on my MVP ballot, which I was fortunate enough to receive this year as one of two designated voters from the Baltimore/Washington chapter of the Baseball Writers’ Association of America. I’ve voted for MVP several times before, and sometimes it’s been a tough call. I remember waiting until the final day of the 2007 season before picking Jimmy Rollins over Matt Holliday. This one really wasn’t a tough call in the end.

If you were asked to predict the Nationals’ Opening Day lineup right now, you could probably rattle off six names without too much fear of being wrong. James Wood, Jacob Young and Dylan Crews figure to return as the starting outfield. CJ Abrams and Luis Garcia Jr. are likely to return as the starting middle infield. Keibert Ruiz is all but certain to start behind the plate.

We know first base is a top priority for the organization this winter, with several prominent free agents available if the Nats are ready to spend big again. And the DH slot could be filled by an outside acquisition, by someone already in the organization or some combination of the two.

But what about third base? That’s where it gets more complicated.

The hot corner has truly been a revolving door around here the last five seasons. From 2014-19, Anthony Rendon played 736 games there. The only other player to appear in more than 34 games there was Yunel Escobar, who took over the position in 2015 when an injury plagued Rendon saw more time at second base.

But since Rendon left for Anaheim following the World Series, the Nationals have searched for and failed to find a permanent replacement at third base. A whopping 19 players have appeared in at least one game there since 2020, only two of them seeing action in more than 100 games: Ildemaro Vargas (126) and Carter Kieboom (114).