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    The Latest Trade Rumors Regarding Joe Ryan and Pablo López

    Minnesota’s offseason is being shaped by trade chatter, financial questions, and ownership uncertainty.

    Cody Christie
    Image courtesy of © Brad Rempel-Imagn Images

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    The offseason has barely begun, but the Minnesota Twins already find themselves at the center of some of the most complicated pitching rumors in baseball. With the team coming off another frustrating finish and the front office operating under unclear ownership direction, insiders have turned their attention toward the future of Minnesota’s top starters. Joe Ryan and Pablo Lopez remain foundational pieces, but the possibility of a major rotation shakeup is gaining traction.

    What makes this situation particularly unique is the number of external factors influencing the Twins’ decision-making. Injuries, contract considerations, labor uncertainty, and an ownership transition have collided, and Derek Falvey was standing at the intersection where they did so. The result is an offseason outlook that feels more unpredictable than any Minnesota has faced in recent memory. As national reporters continue to weigh in, the picture around the Twins’ rotation becomes more complex.

    Pablo López Appears More Likely To Be Moved
    Joel Sherman of the New York Post reported that the Twins are “more likely” to trade Pablo López than Joe Ryan as the club explores ways to reshape its roster. López is owed over $43 million through 2027, and his recent performance complicates the picture. A forearm issue limited him to just 14 starts in 2025, and he threw 75 2/3 innings with a strong 3.19 FIP but a middling 17 K-BB%. 

    He had been one of baseball’s more reliable arms during his early Twins tenure, but his performance has seen peaks and valleys. At age 30, López still carries name value, but his trade stock is at its lowest point with the Twins, forcing the club to deal from a position of weakness.

    Passan Says One Co-Ace Could Go, But Not Both
    National attention intensified with ESPN’s Jeff Passan writing that “the Twins will deal one of their co-aces but not both.” He noted that both pitchers’ circumstances will be influenced by the possibility of a lockout, because their team control runs through the 2027 campaign. That uncertainty is muddying the market, as teams attempt to calculate risk before giving up premium prospects. 

    If front offices are afraid to commit significant resources before labor clarity arrives, the Twins may be forced to accept an offer that falls short of internal expectations. It places the front office in a difficult position as they attempt to balance long-term value with short-term roster needs.

    Rosenthal Highlights Falvey’s Balancing Act
    The Athletic’s Ken Rosenthal painted a picture of a front office trying to stay upright in heavy winds. Derek Falvey emphasized that he remains committed to improving a roster that has fallen short in back-to-back seasons. The message from the GM Meetings was clear. 

    “I remain personally committed to figuring out what are the ways we can add to this group to make it better,” Falvey said in Las Vegas. “That is my goal. It was my stated goal before and remains my stated goal until I’m told otherwise. … My focus for now is figuring out ways we can add to the group.”

    Falvey wants to add talent and believes the core can still be supplemented in meaningful ways. The urgent question is whether ownership shares that sentiment. At the trade deadline, Falvey was instructed to dismantle rather than reinforce, and that disconnect remains a central storyline. With two new groups of investors awaiting league approval, the chain of command could shift. Until that happens, both Ryan and López remain possible trade candidates as the front office waits for clearer marching orders.

    A Fan Base Left In Limbo
    For Twins fans, the throughline in all these reports is uncertainty. López might be the more likely trade chip, but his value is depressed. Other clubs covet Ryan, but dealing him would create a massive hole in the rotation. National reporters suggest that only one will be moved, but a potential lockout clouds the market. Above it all stands an ownership group that has not yet finalized its internal transition. 

    Falvey has acknowledged that the Twins may not have a firm direction until minority ownership approval is completed. That delay could stall major trade talks and limit the team’s ability to pursue meaningful free agents. Minnesota’s offseason will ultimately hinge on clarity from the top. Until that arrives, the front office, the players, and the fan base remain stuck in a holding pattern.

    The Twins are navigating an offseason marked by more uncertainty than resolve. Trade conversations involving Ryan and López remain fluid, and the market is affected by conditions beyond baseball operations’ control. If ownership does not provide direction soon, the window for transformational additions could close quickly. Minnesota still has a chance to strengthen its roster, but the path forward will depend on decisive leadership and a clear organizational vision.


    Should the Twins trade one of their top starters or hold firm until the ownership situation settles? How much should the looming lockout impact trade decisions? Share your thoughts and join the discussion below.

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    Let me present another look at what needs to be considered. 

    Pitchers get hurt. They get hurt often and sometimes severely. 

    Here is the nightmare scenario. And it's a scenario that isn't out of the question because he's a pitcher... and pitchers get hurt. 

    Joe Ryan feels some tightness... let's make it June for the worst timing possible... they check it out and say "Tommy John". 

    This would be really unfortunate timing for Joe because he will be coming back right around the time that he reaches free agency and I'd feel really bad for him personally... because he would be losing a lot of money in free agency based on how he was performing when he went down. 

    But... Forget about Joe. More importantly... Let's worry about me. My team... The Twins!!! 

    Here's how that horrible event attaches itself like zebra mussels or landmines to the the Good Ship Riverbrian. 

    1. He's out for this year and most if not all of next year... and then he is a free agent. He will have thrown his last pitch for the Twins. 

    2. Was a 52.7 trade value on BBTV. When he gets back... All of that trade value is gone!!! 

    3. That is the equivalent value of Bryce Eldridge... who is the equivalent value of Walter Jenkins. The loss to the Twins... the damage to my team... It's roughly the equivalent of Walter Jenkins suffering a career ending injury. That's what the loss of that value is.  The potential loss of that hypothetical horrible scenario is... ???... Like removing Walter Jenkins... Gone... vanished without a trace from our now and future. 

    4. This isn't to debate if the Giants or Twins would make that trade nor to debate BBTV values or the value of the players themselves... Nor is it even to debate how many wins the Twins will have without Joe Ryan in 2026. 

    It's to make the point... we get nothing. We have a player with upper end value that can return upper end value in a trade and the possibility of injury isn't far fetched. 

    I respect the opinion of anyone who thinks we shouldn't trade Ryan... that means you Byron Buxton.

    I just ask you to consider the injury risk.

    I don't want to trade him but I'm trading him if his trade value is indeed that high. It takes value to get value! 

    1 hour ago, Riverbrian said:

    Let me present another look at what needs to be considered. 

    Pitchers get hurt. They get hurt often and sometimes severely. 

    Here is the nightmare scenario. And it's a scenario that isn't out of the question because he's a pitcher... and pitchers get hurt. 

    Joe Ryan feels some tightness... let's make it June for the worst timing possible... they check it out and say "Tommy John". 

    This would be really unfortunate timing for Joe because he will be coming back right around the time that he reaches free agency and I'd feel really bad for him personally... because he would be losing a lot of money in free agency based on how he was performing when he went down. 

    But... Forget about Joe. More importantly... Let's worry about me. My team... The Twins!!! 

    Here's how that horrible event attaches itself like zebra mussels or landmines to the the Good Ship Riverbrian. 

    1. He's out for this year and most if not all of next year... and then he is a free agent. He will have thrown his last pitch for the Twins. 

    2. Was a 52.7 trade value on BBTV. When he gets back... All of that trade value is gone!!! 

    3. That is the equivalent value of Bryce Eldridge... who is the equivalent value of Walter Jenkins. The loss to the Twins... the damage to my team... It's roughly the equivalent of Walter Jenkins suffering a career ending injury. That's what the loss of that value is.  The potential loss of that hypothetical horrible scenario is... ???... Like removing Walter Jenkins... Gone... vanished without a trace from our now and future. 

    4. This isn't to debate if the Giants or Twins would make that trade nor to debate BBTV values or the value of the players themselves... Nor is it even to debate how many wins the Twins will have without Joe Ryan in 2026. 

    It's to make the point... we get nothing. We have a player with upper end value that can return upper end value in a trade and the possibility of injury isn't far fetched. 

    I respect the opinion of anyone who thinks we shouldn't trade Ryan... that means you Byron Buxton.

    I just ask you to consider the injury risk.

    I don't want to trade him but I'm trading him if his trade value is indeed that high. It takes value to get value! 

    To all this above, add that the 2026 Twins are not a playoff team with a payroll below $150M. Reality.

    10 hours ago, tony&rodney said:

    I may be the only person who follows baseball on this site who doesn't believe the Tigers will trade Skubal.

    That makes 2 of us. I don't think Detroit trades Skubal, The team would be in an uproar. Tiger fans would crucify GM Greenberg. Skubal is such a difference maker. He can beat you any day he pitches. Skubal stays in Detroit.

    As for the Twins, I think any talk about competing is fruitless. I think ownership will continue to pare payroll, first by trading Ryan this winter and then Lopez during the spring when some hopeful contender loses 2 starters to injury and will cough up for Lopez. But then again, I know nothing.

    I think Detroit will do everything they CAN to extend Skubal.  But sometimes it's just not meant to be.  As a comparison, consider Johan Santana.  I think the Twins desperately wanted to keep Santana, but the reality was that there was such a bigger salary waiting in free agency that it just wasn't realistic for the Twins to keep him at that price point.

    On top of that, pitchers are notoriously "breakable."  The Twins were forced to trade Santana to the Mets for a package of prospects.  None of them really worked out.  But it was either trade Santana and have something to show for it, or let him walk and get nothing.  Santana only lasted 3 seasons for the Mets, who weathered that storm the best they could, but could you imagine the Twins trying to do that in 2008?  With Joe Mauer's big payday around the corner? 

    Both Detroit and Pittsburg are in the same boat.  They each have the BEST pitcher in their league and it's almost impossible to determine which one is better.  But in the economic landscape MLB is in right now, there are definite "Haves" and "Have Nots." 

    I see the Pirates backed up against the same wall as the Tigers.  The Dodgers, Yankees, Red Sox, Phillies, Giants or Mets would appear to be where both Skubal and Skenes will someday end up.

    The difference between Pittsburg, Detroit and Minnesota is that the Pirates and Tigers MUST come up with better trades than the Twins did for Santana.  And the risk to the Tigers or Pirates if they agree to a $500 million dollar contract with either of their star pitchers and they suffer an injury that causes their Ace to miss a season or worse, end a career is a financial hole that a Pittsburg or Detroit can't dig out of.

    To a Dodgers or Yankees, with the resources they have, they could find a way to mitigate the damage.  Not so for Pittsburg and Detroit.  It's an unpleasant reality to the economic landscape in MLB that will either be addressed before the 2027 season or left unresolved in some version of the status quo for the future.  

    15 hours ago, tony&rodney said:

    Baseball plays every day, 162 games. The NBA and NHL play half that many games, the NFL just a bit more than 10% of the games. All media contracts are national in the three other leagues. In the case of the NBA, there are suitcases of money arriving from their international presence. MLB does not take in nearly as much money via national deals. MLB wants to move towards more of a 'one pile' media money deal, but local markets are very diverse and there isn't the attention paid to every game like the once a week NFL.

    Thanks for the response, a lot of this makes sense.  

    I guess what bothers me about the whole salary cap conversation is the idea that nothing can ever change, and we must always just accept things as they are.  I disagree with that idea wholeheartedly.  We can actually improve things.  We can make things better.  We just have to try.  And we don't have to just live with whatever most benefits our billionaire overlords.  Oh no, a salary cap might somehow lose some billionaires a few million dollars, the humanity. 

    Baseball is a game.  It only exists as an extremely lucrative business because of fans.   It's ok to make changes that benefit fans from time to time.  The fact that teams like the As and Rockies and Pirates are actively trying to lose in order to further enrich a single billionaire is not sustainable, and more and more teams (ahem...) are going to do this if they can.  Something needs to change and I refuse to believe that change is impossible.  

    19 hours ago, DJL44 said:

    Doubtful. That would mean they didn't even shop him around to find the highest bid. Lopez would be coveted by multiple teams.

    Coveted, yes, but they're not getting anything good for him.  They could get someone who has a great slash line in the minors but has underlying statistical issues that many people here ignore.  Kala'i Rosario is an extreme example of this, but it will probably be someone more like Owen Caissie or Dalton Rushing, guys whose similar issues are less obvious and covered up by some of the dunderheads who rate them highly.  Teams (most of them, anyhow) know who their real future regulars/stars are, and the Twins aren't getting them by sending out Lopez' salary, as good as he's been.  Ryan would get that.

    But here's a possible deal for Lopez that would be really good for the Twins:  Lopez for Yankee's SS/OF Dax Kilby.  

    Basically, the Yankees know he's far away, they can probably take on Lopez' salary, and Kilby has a real shot at being good.  Straight out of high school, he was placed in the low A FSL (pitcher's league) and struck out only 14% of the time while putting one of the nicest slash lines in the entire draft class at age 18.  If the Twins were smart, that would be their target for Lopez.  Aiming too high or going for guys with high K rates (Caissie) or guys who were old for their leagues and played in systems with only bandboxes (Rushing) is probably more likely.  I doubt the Twins have someone like Kilby at the top of their list for Lopez, and he should be.  I doubt they get better.

    1 hour ago, Woof Bronzer said:

    Thanks for the response, a lot of this makes sense.  

    I guess what bothers me about the whole salary cap conversation is the idea that nothing can ever change, and we must always just accept things as they are.  I disagree with that idea wholeheartedly.  We can actually improve things.  We can make things better.  We just have to try.  And we don't have to just live with whatever most benefits our billionaire overlords.  Oh no, a salary cap might somehow lose some billionaires a few million dollars, the humanity. 

    Baseball is a game.  It only exists as an extremely lucrative business because of fans.   It's ok to make changes that benefit fans from time to time.  The fact that teams like the As and Rockies and Pirates are actively trying to lose in order to further enrich a single billionaire is not sustainable, and more and more teams (ahem...) are going to do this if they can.  Something needs to change and I refuse to believe that change is impossible.  

    Many people would like change and are tired of billionaires, but look at our government and the people we elect at the national level. Anywhere from $30-50+ Billion has been shifted from the middle and lower classes in the last 50 years. Until there are changes in voting habits things will get worse as far as affordable in sports, housing, food, medical care, and more. Power is the driving force. Sports are our drug of choice. It cost me very little money. Mostly I'm hopeful of positive change but I have zero control. It's just entertainment.

    4 hours ago, tony&rodney said:

    Many people would like change and are tired of billionaires, but look at our government and the people we elect at the national level. Anywhere from $30-50+ Billion has been shifted from the middle and lower classes in the last 50 years. Until there are changes in voting habits things will get worse as far as affordable in sports, housing, food, medical care, and more. Power is the driving force. Sports are our drug of choice. It cost me very little money. Mostly I'm hopeful of positive change but I have zero control. It's just entertainment.

    You speak truth my man.  It's so tiring living in a world for and by billionaires.  But let's not despair.  I'm hopeful of change too.  And go Twins.  

    4 hours ago, tony&rodney said:

    Many people would like change and are tired of billionaires, but look at our government and the people we elect at the national level. Anywhere from $30-50+ Billion has been shifted from the middle and lower classes in the last 50 years. 

    And I'm sure you know this but it's $30-$50 TRILLION.  I've seen a study suggesting as much as $80 trillion in wealth redistribution since 1975.  Communism for the rich.  

    24 minutes ago, Woof Bronzer said:

    And I'm sure you know this but it's $30-$50 TRILLION.  I've seen a study suggesting as much as $80 trillion in wealth redistribution since 1975.  Communism for the rich.  

    Yes, trillion. It is indeed communism for the poor. I was trying to be very conservative with the 30-50 trillion dollar number but have seen an economic report in the last year that did use $80 trillion. Don't remember the exact source. I read way too much. One of my goals for 2026 is to daydream more often and play the piano.

     




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