The Los Angeles Dodgers are bringing back reliever Blake Treinen on a two-year, $22 million contract. The 36-year-old had a fantastic season coming out of the 'pen for the Dodgers, recording 16 holds and a save on the back of a 1.93 ERA, 0.94 WHIP, and an 11:56 BB:K over 46 2/3 IP. It was a superb bounce-back performance after missing all of 2023 and most of 2022 with a shoulder injury. The 2024 campaign culminated with two-and-a-third innings of one-hit ball in Game 5 of the World Series where he allowed one hit and one walk while striking out three, going down as the winning pitcher in the series finale. For his career, the righty owns a 2.78 ERA, 1.20 WHIP, and a 24.8% strikeout rate. For fantasy in 2025, he'll be relevant in any league that rewards holds and could be considered in other leagues were he pressed into a closer role.

The Milwaukee Brewers are "engaged with the White Sox" for the services of pitcher Garrett Crochet. While other teams like the Red Sox, Cubs, and others have been viewed as the likeliest landing spots for the lefty, the Brewers could use another strong starter behind Freddy Peralta and Brandon Woodruff, especially a left-handed one, with Aaron Ashby the only southpaw currently projected in the rotation. The Brewers would have to give up a lot to get Crochet, who is coming off a breakout season for the White Sox in which he was an All-Star for the first time, posting a 3.58 ERA (2.69 FIP), 1.07 WHIP, and an elite 29.6% K-BB% over 146 innings pitched. It was the first time he's ever pitched more than 55 innings in a season, though, so many of his starts in the second half had an innings limit. If the 25-year-old can log a full season without restrictions, he should be a very valuable pitcher for whatever team he's pitching for, both in real life and in fantasy.

Free-agent outfielder Anthony Santander is drawing strong interest from the Blue Jays, Red Sox, and Yankees -- all teams who missed out on the Juan Soto sweepstakes. Santander is a switch-hitting power hitter who has hit 105 home runs over the last three seasons combined, including a career-high 44 last season. The 30-year-old also set career-best marks for RBI (102), runs scored (91), contact rate (82.2%), and barrel rate (11.7%), with a .345 wOBA and 129 wRC+. The veteran has spent his entire career with Baltimore, so moving to any of those teams would keep him with some familiar company. With no signs of slowing down, he figures to be a strong offensive fantasy option in 2025 drafts, regardless of landing spot.

Free-agent outfielder Teoscar Hernandez has told people that he prefers to re-sign with the Los Angeles Dodgers, according to a few sources, but he also has long been intrigued by the idea of playing at Fenway Park for the Boston Red Sox. Hernandez is also a fan of Boston manager Alex Cora. The Toronto Blue Jays have also been mentioned as a potential suitor for Hernandez, but it could come down to the Dodgers and Red Sox for his services this winter. It was reported in early December that the 32-year-old and the Dodgers were working on a new deal, but nothing has been finalized, and LA has since signed left-handed-hitting outfielder Michael Conforto. The Conforto signing shouldn't close the door on a Hernandez reunion with the Dodgers after he helped them win the World Series in his first season in Hollywood. Despite a high strikeout rate, Hernandez was one of the better sluggers in baseball in 2024.

Free-agent right-hander Jordan Romano (elbow) agreed to a one-year deal with the Philadelphia Phillies on Monday for above his projected salary arbitration number of $7.75 million, according to a source. The deal is pending a physical, which is more important after he was limited to only 15 appearances in 2024 with the Toronto Blue Jays due to a right-elbow injury that required surgery. The 31-year-old right-hander became a free agent when Toronto non-tendered him in November, but Romano quickly finds a new landing spot in the National League and could certainly bounce-back as a high-leverage fantasy arm with one of the best teams in baseball next season if he's past his elbow issues. From 2021 to 2023 with the Jays, Romano was one of the most dominant closers in baseball with a 2.37 ERA, 30.3% strikeout rate and 95 saves. If healthy, he should be Philly's primary ninth-inning guy in 2025.