Right-hander Dustin May declined his 2027 mutual option with the Milwaukee Brewers and will enter free agency, per the MLBPA. May would have made $20 million had both he and Milwaukee picked up the option, but instead he will search for more long-term security this winter. The 29-year-old recorded a 7-9 record with a 4.70 ERA, 1.32 WHIP, and 144 strikeouts across 145 2/3 innings (31 starts) split between the Brewers and St. Louis Cardinals in 2026. May struggled down the stretch after being traded to Milwaukee, posting a 5.65 ERA across 10 starts. The hard-throwing right-hander has flashed upside at points in his career, but he's struggled to put together extended stretches of both high-end production and health. Depending on where he ends up in 2027, May could be a capable innings-eater for deep-league fantasy managers.

The Kansas City Royals have declined their $13 million team option on right-hander Carlos Estevez (shoulder) for the 2027 season, per the MLBPA. Estevez is now a free agent and is free to sign with any team this winter. The 33-year-old had a completely lost season due to injury in 2026, making just one appearance for Kansas City this past season. Estevez may also be set to miss a significant chunk of 2027 as well, as he underwent shoulder surgery in early September. The veteran right-hander was a highly productive closer for fantasy managers as recently as the 2025 season, when he recorded a 2.45 ERA and a 1.06 WHIP with 54 strikeouts and 42 saves across 66 innings (67 games). However, he faces a long road back to fantasy relevance at this point, given his current health situation.

Baltimore Orioles right-hander Zach Eflin (elbow) had his $25 million mutual option for the 2027 season declined, per the MLBPA. Eflin is now a free agent. Declining the pricey option was a no-brainer decision for Baltimore, as Eflin underwent Tommy John surgery in April and is likely to miss most or all of the 2027 season as a result. The 32-year-old made just one appearance in 2026 before suffering the season-ending elbow injury. Eflin also battled through an injury-marred 2025 campaign, recording a 6-5 record with a 5.93 ERA, 1.42 WHIP, and 50 strikeouts across 71 1/3 innings (14 starts). The veteran right-hander could find a home with a team that wants to have him rehab in their facilities with an eye toward 2028. However, he's unlikely to factor for fantasy managers in 2027.

The Minnesota Twins have declined a $10 million team option on first baseman/designated hitter Josh Bell for the 2027 season, per Dan Hayes of The Athletic. Bell will now hit free agency and appears unlikely to be back in Minnesota next year. The 34-year-old had a solid season for the Twins in 2026, hitting .255/.319/.419 with 21 home runs, 96 RBI, 78 runs scored, and two stolen bases across 631 plate appearances. The veteran switch-hitter does not offer much defensive value at this point in his career, but he's a proven run producer and an adequate power source. If he lands in a spot where he can earn everyday playing time once again in 2027, Bell profiles as a four-category compiler who can provide value in deeper fantasy leagues.