The Philadelphia Phillies' loss is the Kansas City Royals' gain, as an All-Star free agent closer reached an agreement on a new contract Wednesday.

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Carlos Estévez, one of the top relievers remaining on the free agent market, could reunite with Phillies teammate Jeff Hoffman in the Blue Jays’ bullpen.

Insider Jon Heyman reported on Tuesday night that after a serious deadlock in negotiations, both the New York Mets and Pete Alonso have resumed dialogue.

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The Philadelphia Phillies were disappointed ... while setup man Jeff Hoffman has departed for a new deal with the Toronto Blue Jays. As a result, there could be more work to be done with the ...

With just about a month until Spring Training gets underway, the Philadelphia Phillies still ... in free agency to the Toronto Blue Jays. He has been excellent over the last two years for the ...

Free agent starting pitcher and future Hall of Famer Max Scherzer is still looking for a new home. As Mets On SI first reported, Scherzer threw a bullpen in fro

The Royals opened last year with a payroll of $115M, per Cot’s Baseball Contracts. They are projected by RosterResource to be up to $123M next year, before accounting for Estévez. They have reportedly been looking for a middle-of-the-order bat. Whether they can find one will likely depend on how much farther they are willing to push the spending.

At the start of the offseason, MLBTR predicted Estévez for a three-year, $27MM deal. It seems the righty has been limited to a slightly lesser guarantee over two years, though he will end up beating that projection if the option is ultimately picked up.

Future Hall of Famer Max Scherzer held a workout/showcase for interested teams recently. Read more at MLB Trade Rumors.