The Pittsburgh Pirates acquired second baseman Brandon Lowe, left-hander Mason Montgomery, and outfielder Jake Mangum. In return, the Tampa Bay Rays received right-hander Anderson Brito and outfielder Jacob Melton. The Houston Astros acquired right-hander Mike Burrows. Lowe will give the Pirates some much-needed pop in their lineup. The 31-year-old hit 31 home runs last year with a .256/.307/.477 slashine, good for a 114 wRC+. Montgomery projects as a serviceable middle reliever with nasty stuff, while Mangum should immediately rank among the Pirates' better defensive outfielders. The Rays add more upper-level prospect depth to their farm system in Brito and Melton. Meanwhile, the Astros acquire an up-and-coming right-hander in Burrows, who has less than a year of service time and still has an option remaining.

The Kansas City Royals traded right-hander Jonathan Bowlan to the Philadelphia Phillies in exchange for left-hander Matt Strahm. Strahm returns to Kansas City, the organization that originally drafted him in 2012. The 34-year-old has spent the last three seasons in Philly, posting a 2.71 ERA with 257 strikeouts across 212 2/3 innings. In Kansas City, Strahm projects as a high-leverage lefty and should be most valuable in leagues that count holds as a statistic. Bowlan, 29, is coming off his first full season in the majors. Last year, the 29-year-old pitched to a 3.86 ERA and a 25.6% strikeout rate across 44 1/3 innings. At this point, it's unclear whether Bowlan will make the major league roster out of spring training. Overall, the move is widely viewed as a salary dump by the Phillies, as Strahm is set to earn $7.5 million next season while Bowlan remains pre-arbitration eligible.

The Baltimore Orioles acquired right-hander Shane Baz from the Tampa Bay Rays in exchange for four prospects, outfielders Slater de Brun and Austin Overn, right-hander Michael Forret, catcher Caden Bodine, plus a Competitive Balance Round A draft pick (No. 33 overall), sources told ESPN's Jeff Passan. Baz, 26, is an electric young arm that just hasn't been able to take the next step in his career. Last year for the Rays, Baz posted a 4.87 ERA (3.85 xERA) with a 15.8 K-BB% and a 1.33 WHIP across a career-high 166 1/3 innings. On the bright side, he was able to pitch nearly the entire season for the first time in his career. The 6-foot-3 hurler joins Trevor Rogers, Kyle Bradish, Dean Kremer, and Tyler Wells in the revamped O's rotation. Fantasy managers should welcome the change of scenery for Baz, even if Camden Yards isn't as pitcher-friendly as Tropicana Field.

The San Diego Padres re-signed right-hander Michael King on a three-year, $75 million deal on Thursday night, a source told Mark Feinsand of MLB.com. The deal includes a $12 million signing bonus, and then salaries of $5 million next year, a $28 million player option in 2027 ($5 million buyout), and a $30 million player option in 2028 (no buyout). It will either be worth $22 million for one year, $45 million for two seasons, or $75 million for three years. The 26-year-old was excellent in his first year in SD, sporting a 2.95 ERA and 1.19 WHIP with a career-high 201 strikeouts in 30 regular-season starts (173 2/3 frames). However, right-shoulder and knee injuries limited him to just 15 starts in 2025. King demonstrated in 2024 that he has the stuff to be a high-end fantasy starter in a good spot in SD, but that was also his only full season in the big leagues. It makes him a high-risk, high-reward pitching target in fantasy in 2026.