The Mets have been perusing the trade market in hopes of bolstering their rotation and have their eye on Twins right-hander Joe Ryan as one of several targets, Jon Heyman of the New York Post reports. He adds that the Twins like young Mets righty Jonah Tong — hardly a surprise, given that Tong is widely regarded as one of the sport’s top pitching prospects.
As recently as the All-Star break, the idea of the Twins trading Ryan seemed far-fetched. Minnesota spent the entirety of the first half hovering around .500 and keeping themselves in the AL Central/Wild Card races. The Twins cratered coming out of the Midsummer Classic enough to push ownership and the front office into sell mode. What was originally thought to be a soft sale of primarily rental players instead turned into a staggering dismantle of the roster. The Twins traded 11 players in the final week of July.
Notably absent from that swath of trades was the 29-year-old Ryan. He drew plenty of interest, with the Red Sox, Blue Jays and Dodgers among those reported to be in pursuit. But given his affordable salary and multiple years of remaining club control, the asking price was understandably steep. No deal materialized.
Ryan is projected by MLBTR contributor Matt Swartz to earn an eminently affordable $5.8MM in 2026 — his penultimate season of club control. He’d be owed one more raise next winter before reaching free agency post-2027. It’s an unequivocal bargain for a pitcher who’s logged a 3.50 ERA with a 27.8% strikeout rate and just a 5.1% walk rate across the past two seasons (3.79, 27.6% and 5.7% in his career, respectively).
What’s not yet clear, however, is how aggressively the Twins will explore trades for Ryan — if they do at all. President of baseball operations Derek Falvey suggested earlier in the offseason that he’d yet to be given a firm budget by ownership. That seems hard to believe, but the Twins have ostensibly been in the process of finalizing the addition of two significant minority investors for months now. To this point, there’s been no firm indication that the addition of those partial stakeholders — and any influx of cash they might bring to the table — has been finalized.
Falvey plainly stated that unless or until he hears otherwise, his offseason focus will be on adding pieces to help the 2026 Twins — not further subtracting from the roster. It’s been quiet for the Twins all offseason with the exception of some small-scale moves leading up to the non-tender deadline and Rule 5 protection deadline. Minnesota acquired Alex Jackson from the Orioles, giving them a backup to starting catcher Ryan Jeffers, and they also nabbed reliever Eric Orze in another small trade with the Rays.
That’s the extent of the Twins’ activity thus far, making it tough to get a read on whether Falvey & Co. might genuinely be given the green light to add to the club or whether a further teardown will take place. If Ryan and/or Pablo Lopez (owed $43.5MM through 2027) are traded this winter, then it’s only logical that Jeffers (entering his final year of club control) would be on the table as well. And though star center fielder Byron Buxton said on record in August (even after the deadline sell-off) that he wanted to stay in Minnesota and had no desire to waive his no-trade clause, offseason reporting has suggested that if the Twins further subtract from the roster, he may change his tune.
Ultimately, Ryan’s availability (or lack thereof) will come down to the Pohlad family’s willingness to invest some of those deadline cost-savings back into the roster. The Twins’ current payroll projection ($95MM, per RosterResource) is nearly $50MM south of last season’s Opening Day figure. In theory, there’s room for Falvey to turn around and spend a fair bit of money, even if payroll won’t climb back into the $140-145MM range, but he doesn’t have final say over the budget.
If the Twins do make Ryan available, Tong is a sensible target as a potential headliner in the trade. The 22-year-old righty was hit hard in his first 18 2/3 MLB frames late in the season, but Tong’s blazing ascension up the Mets’ minor league ranks in 2024-25 catapulted him into the game’s top 50 overall prospects at Baseball America, MLB.com and FanGraphs.
Tong, a 2022 seventh-rounder, has laid waste to minor league lineups in each of the past two seasons, climbing from Low-A in early ’24 to the Mets’ big league rotation this past September. In 2024, the wiry right-hander pitched 131 innings with a 3.03 ERA, 34.2% strikeout rate and 10% walk rate as he climbed to Double-A. Tong returned to Double-A to begin the ’25 campaign and was bumped to Triple-A late in the season. He pitched a combined 113 2/3 minor league frames and recorded an immaculate 1.43 ERA with an eye-popping 40.5% strikeout rate against a 10.6% walk rate.
One way or another, next week’s Winter Meetings figure to bring some clarity on the Twins’ direction. No one is expecting them to dive headlong into the deep end of free agency, but if ownership is comfortable with even a diminished $120-125MM payroll, that might be enough to spur the front office into some midlevel additions in hopes that with some steps forward from a deluge of young big leaguers, a return to Wild Card contention is possible. If payroll is mandated to be kept under $100MM or pared back even further, however, then the prospect of trades involving Ryan, Lopez, Jeffers and even Buxton become far more realistic — if not likely.