Speculation regarding a potential offseason trade of Nolan Arenado kicked up the moment president of baseball operations John Mozeliak announced the club would take a step back and focus on player development and that they were beginning a transitional process that would see Chaim Bloom take over as president of baseball operations beginning next offseason. Unsurprisingly, that announcement was quickly followed by reports that the Cardinals indeed planned to gauge the market for interest in Arenado.
Derrick Goold of the St. Louis Post-Dispatch now reports that, to no one’s surprise, the Cardinals have spent the early stages of the offseason doing just that. He adds one critical element, writing that Arenado has not specifically asked to be traded. That’s a key wrinkle in the saga, as it differs from the last time Arenado was traded. The then-Rockies third baseman was frustrated in the years following his initial extension in Colorado, as the team hadn’t put together a competitive roster. Given the circumstances leading to his last trade, it was only fair to wonder whether Arenado might waive his no-trade clause to try to facilitate a trade to a team with more of a win-now mentality than the 2025 Cardinals will have. That doesn’t appear to be the case at this time.
It’s still possible, of course, that Arenado could be on the move at some point this winter. While he apparently has not specifically requested a trade, there’s simultaneously no indication that he’s voiced a preference to remain with the Cardinals through their reset period (as teammates Willson Contreras and Sonny Gray, who also have no-trade clauses, reportedly have done). Arenado’s original motivation in pursuing a trade from the Rockies and his decision to forgo the opt-out in his contract following the 2021 season stemmed from a desire to put down roots in a perennially competitive setting.
If the Cards find a deal to their liking that would send him to a clear win-now team, they’d likely present him with the scenario and he’d then have to weigh the merits of approving a deal. But, that’s a far different scenario than Arenado asking to be moved and the pressure that would put on Mozeliak, Bloom and the rest of the front office to find a deal or head into the season with a veteran who’s clearly unhappy to be on the roster.
Arenado, 34 in April, has had consecutive underwhelming seasons at the plate. He’s posted a solid but unremarkable .269/.320/.426 slash (104 wRC+) since Opening Day 2023, striking out in only 15.5% of his plate appearances but also walking at a tepid 6.8% clip. Despite all the accolades he’s amassed in his career, he’s never been a consistent source of premium contact (at least by measure of exit velocity, barrel rate and hard-hit rate). Still, he posted career-low marks in all of those categories this past season, including a particularly light 3.2% barrel rate and 31.2% hard-hit rate.
That said, Arenado remains at least an average hitter with plus bat-to-ball skills and a premium glove at the hot corner. His defensive ratings aren’t as lofty as they were when the six-time Platinum Glove winner was widely regarded as perhaps the best defensive player in Major League Baseball, regardless of position. However, he still posted emphatically positive marks in Defensive Runs Saved (6) and Outs Above Average (9). Arenado’s nine errors this year tied for his career-low mark in a 162-game season. He’s as surehanded as they come, and though his arm strength (by measure of Statcast) has continued to dip in recent seasons, his range remains elite.
As recently as 2022, Arenado was an MVP finalist who posted a .293/.358/.533 batting line with 30 homers and elite glovework. Even if he can’t return to those heights, he’s an above-average player on a contract that doesn’t exactly pay him like a superstar anyhow. Arenado is owed $74MM over the next three seasons, but the Rockies are on the hook for $10MM of that sum ($5MM in both 2025 and 2026).
It’s a frontloaded deal — he’s owed $32MM, $27MM and $15MM in the next three seasons — so perhaps the hefty 2025 salary ($27MM after the Rockies’ contributions) could be a pause for some interested parties. On the other hand, a big-payroll club that’s accustomed to paying the luxury tax might not balk too much at Arenado’s effective $21.33MM average annual value, for tax purposes. His remaining guarantee and the associated AAV are generally in line with what good but non-superstar free agents like Christian Walker and Teoscar Hernandez are expected to command.
Goold notes that the Cardinals don’t feel any financial pressure at this point to shed the deal. They’ve already scaled back payroll quite a bit and could do so with further trades of shorter-term players. As such, they might not be compelled to simply move Arenado to a team that’s willing to absorb the contract but offer minimal prospects.
At the same time, if the Cardinals’ lack of financial pressure means they’d be comfortable paying down some of that remaining salary, they could in effect buy a better return. Covering even one-third of the contract would render Arenado priced comparably to the three years and $45MM that Jeimer Candelario secured in free agency last winter. Plenty of clubs might be intrigued in that scenario. It’s ultimately Arenado’s call, thanks to that no-trade protection, but to this point he’s not forcing the team’s hand.