Overview / Command Center
Overview / Command Center

What decisions are coming, and where is our edge?

Pittsburgh finished 82–80 (+28 run differential), 6.0 games out of the last Wild Card. The Winter Plan projects 81.7 wins for 2027 (80% range 70–94) and 44% playoff odds. 8 calls are due before the CBA expires Dec 1, when a lockout would freeze transactions; each has a decision brief.
For general manager, baseball operations leadership Season final Sep 27 · rosters as of Oct 21

Decide now

Every call the plan makes, by its deadline. Today is Oct 22. Wins are 2027 wins on the plan’s engine; money is 2027 payroll on the luxury-tax basis.

  • Decision
  • Deadline
  • Risk
  • Context
  • Oct 23: World Series opens
  • Dec 7: Winter Meetings · Rule 5 draft
WhenDecisionThe callWins2027 payroll40-manConfidenceBrief
≈ by Nov 5in 14dThird catcherRe-sign Christian Bethancourt to a minor-league dealBefore he can elect minor-league free agency; no 40-man spot.0Low Brief
≈ Nov 1–5in 14dQualifying offer to Brandon LoweExtend the $23.15M offerExpect him to decline (his market: 3 yr × $30.8M a year, above the offer); then a pick worth about $8.6M net of the bonus. If he accepts: 83.5 wins (+1.8 over the plan's 81.7), 51% odds, +$22.4M payroll; then also acquire Isaac Paredes before the Rule 5 filing (Nov 17).0Medium Brief
≈ Nov 1–5in 14dHouston's option on Isaac ParedesWatch: $13.35M club optionIf Houston declines it he stays theirs through arbitration (Keystone's reading of the CBA), so the trade still runs through Houston.Medium Brief
≈ Nov 11–15in 24dLowe answersHis decisionParedes adds wins either way, so the trade needn't wait. If he accepts, the plan's 40-man is already full at the Rule 5 filing (Nov 17): also acquire Isaac Paredes before it.Medium Brief
by Nov 17in 26dA 40-man spot for the Rule 5 filingTrade or release Henry DavisShop him first. If nothing comes, release him before the Rule 5 filing (Nov 17): the plan's three protections need his spot, and the 40-man reaches 40 only with him gone. The non-tender deadline (Nov 20) falls after the filing (Keystone's reading of the CBA). A toss-up on value under today's rules, so the plan takes the option that ties up no 40-man spot. On the owners' proposed terms the call flips only if the floor money has no other use (tender Henry Davis, decide in spring: +$2.6M); at face value re-signing Christian Bethancourt still holds (+$372K, against −$400K for tendering and deciding in spring).−$734K−1Low Brief
Nov 17in 26dRule 5 protectionProtect Termarr Johnson, Derek Diamond and Keiner Delgado3 of 54 eligible; the 40-man reaches 40.+3Medium Brief
by Dec 1in 40dSkenes extensionMedical review by mid-November; offer only if benignUp to $22.6M a year for 5 years against a $22.3M market price, a gap inside the model's typical miss.Low Brief
by Dec 1in 40dMitch KellerKeep him; medicals firstA trade saves $6.9M of 2027 payroll and costs 0.7 wins. Keep him and add a starter (Jack Flaherty): +1.0 wins; his price doesn't beat the market price of a win, so it waits with the floor money; if he signs before the Rule 5 filing (Nov 17), also acquire Isaac Paredes first.Low Brief
≈ Nov 1 – Dec 1in 40dTrade for Isaac ParedesAcquire Isaac Paredes (HOU) for Jacob Gonzalez (FV 35+) + Jhostynxon Garcia (FV 45)+2.6 wins for $12.6M of 2027 payroll and $16.4M in prospects; his value is the bat (his glove rates 5.0 runs a season below Jared Triolo's at third). On price it is short of the market price of a win (0.90 wins per $10M against 1.11, 0.62 wins below what $29.0M buys at that rate); it goes ahead because nothing else adds its wins (the next option adds 1.0 fewer).+2.6$12.6M−1Medium Brief
≈ Nov 5 – Dec 1in 40dFree agency and the floorWait for the CBA with the floor listAt today's prices Jake Bauers, Jack Flaherty and Alex Vesia cost $38.2M a year ($4.1M over the gap) for +3.2 wins, 0.83 wins per $10M against the market's 1.11: none of the list clears it; on the owners' proposed terms the list costs $33.6M. No other use the plan measures clears it (best not already in the plan: Jack Flaherty, mid-tier starter, 0.98). A signing before the Rule 5 filing (Nov 17) needs a cut first (Noah Murdock): the plan's 40-man is at 40 then, with Henry Davis already released.+3.2if signed$38.2Mat today's prices+1Medium Brief
Dec 1in 40dCBA expiresEverything above closes by hereA lockout is expected from Dec 2: transactions and talks with 40-man players freeze.

2027, in wins

One engine for every row; the 80% range is where the season should land 8 times in 10. Playoff odds from the Outlook’s simulated seasons.

  1. The 2026 club brought back 81.3 · 42%80% range 69–93
  2. As it stands, before any signings 79.0 · 33%80% range 67–91
  3. The Winter Plan 81.7 · 44%80% range 70–94
  4. Plus the free-agent list to the floor 84.8 · 56%80% range 73–97

As it stands the club is on the steep part of the win curve: the next win is worth about 3.7 points of playoff odds (±0.1 at two standard errors of the simulation), and 4.0 at the plan’s 81.7 (4.0 at the steepest, around 83 wins). The other 29 clubs are credited about 4.1 free-agent wins each; Pittsburgh’s own signings live in the plan. See the win curve →

2027 payroll, one basis

Luxury-tax basis, benefits included, on the owners’ proposed terms (a proposal, not a rule). Under today’s rules there is no floor.

  1. As it stands$125.1M
  2. The Winter Plan$137.2M
  3. Plus the free-agent list$170.8M
  4. Proposed floor$171.2M

Distance to the floor: $46.1M as it stands, $34.0M after the plan, $445K after the free-agent list. Under today’s rules the same payrolls are $126.7M and $138.6M. Model the scenarios →

Edges, in wins

In one currency: 2027 wins, and points of playoff odds near the plan’s 81.7 wins. Largest first. The free-agent list is the plan’s call for after the CBA, not before it; the in-game levers are set before spring.

Context

Organization · DSL → MLB

Current assignment. Top players by FanGraphs FV; at MLB by full-season projected 2027 WAR (the plan’s playing time is in each tooltip). Public tracking coverage on the right.

  1. MLB Pittsburgh 412 IL3 FA Paul Skenes 4.8Braxton Ashcraft 3.0Jared Jones 2.4Oneil Cruz 2.3 Pitch + bat
  2. AAA Indianapolis 293 IL Duce Gourson 45Termarr Johnson 45Kyler Fedko 40Derek Diamond 40 Pitch
  3. AA Altoona 344 IL Jean Cabrera 45Murf Gray 45Matt Ager 40Easton Carmichael 40 No tracking
  4. A+ Greensboro 426 IL Seth Hernandez 60Edward Florentino 50Wyatt Sanford 45+Axiel Plaz 40+ No tracking
  5. A Bradenton 377 IL Jesus Travieso 40+Edgleen Perez 40Irwin Ramirez 35+David Matoma 35+ Partial
  6. FCL FCL Pirates 385 IL Johan De Los Santos 45+Darell Morel 40+McLane Moody 35+Gustavo Melendez 35+ No tracking
  7. DSL DSL Black / Gold 653 IL Jeancer Custodio 40Wilton Guerrero Jr. 35+ No tracking

The MLB row lists 41 players: 2 on the 60-day IL, who don’t count against the 40-man until after the World Series (it stands at 39), and 3 pending free agents who come off then. “IL” counts players on an injured list today. Tracking coverage is public data only: AA, High-A, the complex leagues and the DSL are blind spots that internal Hawk-Eye or TrackMan would fill. Data & coverage →

Rule 5 protection queue

Top 12 of 54 eligible by pick risk · CBA rule: draft or signing date and age

PlayerLvlFV2026 lineRiskStatus
Termarr Johnson 2BAAA45.336/.319, 406 PA0.53First year IL Plan: protect
Derek Diamond SIRPAAA402.48 ERA, 58 IP0.46Prev. eligible Plan: protect
Keiner Delgado SSAA40.347/.374, 528 PA0.25Prev. eligible Plan: protect
Cy Nielson SIRPAAA35+4.94 ERA, 71 IP0.23Prev. eligible
Brandon Neeck LHPAAA—2.33 ERA, 70 IP0.21Prev. eligible
Justin Meis RHPAAA—4.13 ERA, 70 IP0.21Prev. eligible
Landon Tomkins RHPAAA—4.91 ERA, 73 IP (AA)0.21First year
Michael Walsh RHPAAA—4.60 ERA, 47 IP (AA)0.21Prev. eligible
Nick Dombkowski LHPAAA—5.22 ERA, 112 IP0.21Prev. eligible
Jesus Castillo SSAAA—.333/.345, 390 PA0.17Prev. eligible
Mike Jarvis OFAAA—.282/.237, 134 PA0.17Prev. eligible
Mitch Jebb OFAAA—.352/.432, 341 PA0.17First year

54 eligible, 33 of them at Double-A or Triple-A; 14 for the first time, and 5 whose first year our data can’t place. Risk is the plan’s rough pick risk (level, role and grade; ordered, not calibrated). “Plan: protect” marks the Winter Plan’s picks, due Nov 17. The 2026 line is OBP/SLG for hitters and ERA for pitchers over his whole 2026 season (levels combined), as /prospects reads it; when he played fewer than 60 PA or batters faced at today’s level, the level where most of it came is in parentheses. 15 likely minor-league free agents are left out: they leave after the World Series unless re-signed. Signing date not in our data: Jhonny Severino (first exposed Dec 2025–27), Jeter Martinez (first exposed Dec 2026–28).

39Oct 2138≈ Nov 537before Nov 1740Nov 1739by Dec 1

40-man at each deadline, in transaction order: 41 listed today, 2 of them on the 60-day IL; ≈ Nov 5: 60-day IL players count again; pending free agents come off; before Nov 17: release Henry Davis early, so the protections fit; Nov 17: Rule 5 protection filed; by Dec 1: acquire Isaac Paredes for Jacob Gonzalez + Jhostynxon Garcia. At 40 when the Rule 5 protections are filed, a signing before then needs a release first.

NL Central · 2026

TeamW–LGBRun diff
MIL103–59— +214
CHC89–7314.0 +147
PIT82–8021.0 +28
STL77–8526.0 −29
CIN75–8728.0 −160
Keystone is an independent portfolio project. It is not affiliated with Major League Baseball or any club. Data: MLB Stats API, Baseball Savant, FanGraphs. Used under their terms for individual, non-commercial use.