Although he’s coming off an injury-shortened 2024 season, there is little doubt that Devin Williams remains an elite closer. Upon his mid-season return from a back injury, Williams looked every bit as dominant as he did in his All-Star 2022 and ‘23 campaigns. Over 21 1/3 innings, the righty pitched to a 1.25 ERA and 2.31 SIERA, striking out 38 of the 88 batters he faced. As he enters his age-30 season, his career 1.83 ERA, 39.4% strikeout rate, and 68 saves in 78 chances tell you everything you need to know about why he could be such a valuable trade chip for the Brewers this offseason.
In October, Brewers general manager Matt Arnold told reporters that he had to be “open-minded” about potentially trading Williams. He made similar comments in November, saying, “Certainly we have to be open to those types of things, but I think he makes our team better” (per Mark Feinsand of MLB.com). Those words suggest Arnold isn’t actively shopping his closer, but his reluctance to shut down the idea speaks volumes. After all, Milwaukee has earned a reputation for trading star pitchers at least one year before they reach free agency. Back when Arnold worked under former president of baseball operations David Stearns, they dealt Josh Hader to the Padres at the 2022 trade deadline. More recently, Arnold oversaw the swap that sent Corbin Burnes to the Orioles. Thanks to an excellent pitching development pipeline, the team has managed to stay competitive despite these trades. Thus, it would hardly be surprising if Williams is wearing a different uniform come Opening Day 2025.
When MLBTR’s Steve Adams ranked the Top 35 Trade Candidates of the offseason, he put Williams at no. 4, behind only White Sox ace Garrett Crochet, Cardinals closer Ryan Helsley, and Cardinals starter Erick Fedde. The fact that Williams ranked behind Helseley was partially because the latter seemed more likely to be dealt. However, recent reports suggest the Cardinals are unlikely to trade Helsley this winter after all. That should only invigorate the market for a pitcher like Williams. If Helsley is staying put, Williams is undeniably the top reliever on the trade market.
What’s more, former Yankees closer Clay Holmes is off the free agent market after signing with the Mets to become a starting pitcher. Holmes was MLBTR’s third-highest-ranked free agent reliever this offseason. Meanwhile, MLBTR’s second-highest-ranked free agent reliever, Jeff Hoffman, has also drawn interest as a potential starter. In other words, the market for top-end, right-handed relievers is already starting to thin out.
Thus, if the Brewers trade Williams, they should be able to land a strong return commensurate with his value. At the same time, he won’t bring back quite as much young talent as Burnes (a former Cy Young winner) or Hader (who had an extra half-season of team control), so just about every interested party should have the necessary trade chips to make a compelling offer. The Athletic’s Ken Rosenthal suggests a return for Williams would “ideally” include a young starter, though if the Brewers are really keeping an open mind, they might be open to various return packages.
Let’s take a closer look at which teams could trade for Williams this winter:
Clear Fits
Blue Jays: From 2021-23, the Blue Jays had one of the better closers in baseball: homegrown Canadian righty Jordan Romano. However, things quickly tumbled downhill for Romano in 2024, and the rest of Toronto’s relief corps followed suit. No AL bullpen had a worse ERA, a higher home run rate, or a lower strikeout rate. The Jays are thought to be interested in re-signing Romano, but that shouldn’t preclude them from looking for a more reliable closer. Indeed, they were reportedly considering signing Holmes (as a reliever) before he ultimately landed with the Mets. Adding Williams would go a long way to help revamp one of the worst bullpens in the league.
Diamondbacks: The Diamondbacks have a strong group of arms at the back end of their bullpen, but none with significant closing experience. Justin Martinez, A.J. Puk, Kevin Ginkel, Joe Mantiply, and Ryan Thompson are all coming off strong seasons. Still, GM Mike Hazen said earlier this offseason that he’d prefer to have another back-end arm to help them out, suggesting his team was at its best when capital-C closer Paul Sewald was the ninth inning guy. Hazen could be dealing with some financial constraints this winter as he tries to replace Sewald, Christian Walker, Joc Pederson, Randal Grichuk, and more without significantly increasing payroll. So, adding Williams, whose projected $7.7MM salary is well below open market value, could be a particularly appealing move.
Phillies: The Phillies bullpen lost two high-leverage right-handers to free agency this offseason: Hoffman and Carlos Estévez. POBO Dave Dombrowski has made it clear he’s looking to add at least one righty arm to the back end of the bullpen to replace the talent he lost. That could mean bringing back Hoffman (the Phillies have reportedly shown interest in such a reunion) or targeting another free agent like Kirby Yates, Kenley Jansen, or Blake Treinen. After all, this team has largely preferred to flex its financial muscle rather than part with prospects to acquire star talent. However, Dombrowski has repeatedly suggested he will look to get more creative this winter. Could the Phillies and Brewers line up on a swap involving Williams and fellow trade candidate Alec Bohm?
Rangers: The Rangers arm barn is in a rough spot right now. After finishing among the AL’s bottom five bullpens in most statistical categories in 2024, Texas lost Kirby Yates, David Robertson, José Leclerc, and José Ureña to free agency. POBO Chris Young should have some money to spend this winter, but as he aims to drop beneath the luxury tax threshold, he won’t be able to throw out numerous big-money contracts as he’s done in the past. That could make an arbitration-eligible arm like Williams quite appealing.
Royals: Lucas Erceg stepped up for the Royals after the trade deadline, putting up a 2.88 ERA over 25 innings and blossoming into the closer his new team desperately needed. Yet, Erceg’s success doesn’t mean the Royals can’t look for an upgrade at the back of the bullpen. As dominant as he looked down the stretch in 2024, he’s hardly the most experienced or reliable arm. He’ll enter his age-30 season with just 116 2/3 MLB innings under his belt and a career 4.01 ERA and 3.52 SIERA. As the Royals look to compete for the AL Central title in 2025, a bona fide closer like Williams would make for a terrific addition to the squad.
Tigers: The Tigers have a few options to close in 2025, most notably Tyler Holton, who has quietly been one of the best relievers in the game over the past two seasons. Still, no one has a lock on the closer role in Detroit, and the right-handed Williams would make an excellent complement to the southpaw Holton. Now that the Tigers are officially contenders, a proven closer like Williams is the kind of luxury they can afford as they strive to go on a deeper postseason run in 2025.
Yankees: Luke Weaver certainly earned the right to slot into the closer role for the Yankees at the end of the 2024 season and into the playoffs. At the same time, he doesn’t have a ton of late-inning relief experience, and New York might prefer to use him in a variable, multi-inning role. The Yankees made a huge splash on the trade market when they acquired Juan Soto last offseason, and they could do so again by scooping up Williams. After losing in the World Series, the Bronx Bombers are surely going to be hungry for talent — especially if they can’t re-sign Soto.
More Potential Fits
Dodgers: These days, it seems like you just can’t rule the Dodgers out on anyone. Evan Phillips and Michael Kopech both have what it takes to close for the reigning World Series champions, but neither is without his question marks. Phillips missed the World Series with a shoulder injury, while Kopech’s success in L.A. came in a pretty small sample size. With so few holes to fill on their roster, could the Dodgers look to add a superstar closer to make their super team even more super?
Giants: Following his breakout performance in 2024, Ryan Walker has the inside track on the Giants’ closer job in 2025. That said, he’s hardly a lock for the gig. New POBO Buster Posey is looking to build a legitimate postseason contender this offseason, and a closer like Williams would give the Giants more security at the end of ballgames.
Padres: After trading for Tanner Scott and Jason Adam at last summer’s trade deadline, the Padres stuck with Robert Suarez in the closer role. That’s a pretty clear indication of how much this team values Suarez, who pitched to a 2.77 ERA and 3.53 SIERA while recording 36 saves in 42 chances in 2024. That makes a trade for Williams, who would almost surely usurp Suarez as the closer, seem unlikely. Then again, Padres POBO A. J. Preller loves to pull off blockbuster swaps, and he’ll be looking for some way to replace Scott’s excellent production out of the bullpen.
Division Rivals
The Cubs, Pirates, and Reds could all use a reliable closer. Porter Hodge was terrific for Chicago in his rookie season, but a team with legitimate postseason aspirations needs a more proven arm to anchor the bullpen. Meanwhile, Cincinnati (Alexis Díaz) and Pittsburgh (David Bednar) both have more experienced closers, but neither pitcher had a strong 2024 campaign. There is no doubt that Williams would make all three of these teams significantly more competitive in 2025.
However, it’s extremely difficult to imagine the Brewers sending Williams to a division rival. After all, it’s not as if they’d be trading him as part of a rebuilding effort. The Brewers are the reigning NL Central champions, and they’re looking to retain that crown in 2025. That will be hard enough with Williams pitching anywhere else, let alone for one of their closest competitors.
Longer Shots
Williams is such a special talent that there aren’t many teams one can completely rule out of the trade sweepstakes. The Red Sox are likely out of the running after signing Aroldis Chapman, especially since they also have Liam Hendriks at the back of their bullpen. Similarly, the Orioles (Félix Bautista), Mets (Edwin Díaz), Astros (Hader), Braves (Raisel Iglesias), and Mariners (Andrés Muñoz) already have excellent pitchers entrenched in the closer role. Still, it’s not as if any of these contenders wouldn’t be able to make room for Williams. Figuring out how to split time between two star closers is the kind of problem any manager would love to have, and adding Williams would immediately turn any of these bullpens into one of the best in the league.
