The Brewers are concerned about their 2026 payroll, according to reporting from Will Sammon, Ken Rosenthal and Katie Woo of The Athletic. The reporters then wonder if this will lead the Brewers to more seriously consider trading right-hander Freddy Peralta.
Milwaukee extended a $22.025MM qualifying offer to Brandon Woodruff at the end of the season. Even though he had big health questions marks, MLBTR predicted he could land a three-year, $66MM deal in free agency, even with the QO attached. However, Woodruff decided to accept.
That’s a bit of a double-edged sword for the Brewers. On the one hand, it strengthens their 2026 rotation. Woodruff missed all of 2024 and most of 2025 but was fantastic when on the bump this year. He made 12 starts, pitching 64 2/3 innings with a 3.20 earned run average, 32.3% strikeout rate and 5.4% walk rate. He finished the season on the injured list with a lat strain but is expected to be healthy for the start of 2026.
The downside is that Woodruff is now taking up a huge chunk of the budget and puts the Brewers in an unusual spot. Woodruff becomes just the second Brewer in franchise history to be making at least $20MM annually. The other is Christian Yelich, who is making $26MM annually through 2028, in addition to a $6.5MM buyout on a 2029 mutual option.
Milwaukee generally runs a payroll a bit north of the century mark. RosterResource estimated that they finished last year at $123MM. With Woodruff’s new deal on the books, they are projected for $136MM next year.
The roster is already in pretty good shape, considering this is a team that led the majors with 97 wins in 2025. With Woodruff’s return, they haven’t lost any major contributors to free agency. Still, all teams want flexibility to make offseason moves and it’s possible the Brewers are too rigid at the moment. Trading Woodruff isn’t an option as players who accept a QO can’t be dealt without their consent until June 15th.
Even before Woodruff accepted the QO, Peralta was a speculative trade candidate. That’s because the Brewers have a history of trading their best players before they become free agents. Recent examples include Josh Hader, Corbin Burnes and Devin Williams. Peralta is slated for free agency after 2026. However, the Brewers don’t always go down that road. They held Willy Adames until he became a free agent, for instance. Peralta is only owed $8MM next year, so it’s not like trading him could lead to massive cost savings.
But that $8MM figure would at least get the Brewers closer to last year’s payroll. On top of that, Peralta has enough value to bring back usable players to upgrade other parts of the roster. Arguably, Peralta is not as good as Burnes was when the latter was dealt. However, Burnes was going to make almost twice as much in his final year before free agency. He and the Brewers agreed to a salary just north of $15.6MM before he was traded to the Orioles. The financial difference could lead to Peralta having roughly the same trade value now as Burnes did at that time.
Flipping Burnes to Baltimore allowed the Brewers to receive Joey Ortiz, DL Hall and a Competitive Balance Round A draft pick. Ortiz and Hall were borderline top 100 prospects at the time and both had already reached the majors. It’s therefore possible to imagine the Brewers looking to flip Peralta to save a bit of money while also simultaneously allowing them to address other parts of the roster without having to spend on free agents.
In that scenario, the Brewers could theoretically still have a good rotation, even without Peralta. If healthy, it would be fronted by Woodruff. It’s possible that Jacob Misiorowski takes a step forward and becomes a front-of-rotation guy. Quinn Priester, Chad Patrick, Logan Henderson, Robert Gasser, Tobias Myers and others would be in the mix as well.
For what it’s worth, Brewers owner Mark Attanasio and president of baseball operations Matt Arnold both downplayed the idea that Woodruff’s signing would lead to a Peralta trade. Per Sammon and Rosenthal last week, both Attanasio and Arnold said the two things were “independent decisions” and expressed excitement about the rotation with Woodruff in it. Of course, if the Brewers were thinking about trading Peralta, it wouldn’t help their leverage to publicly admit it.
If Peralta is out there, it’s possible that the Brewers could benefit from the market conditions. It was generally expected that Joe Ryan and Pablo López would be available this winter but Twins president of baseball operations Derek Falvey downplayed the idea earlier this month. The Marlins were also expected to make Sandy Alcantara and Edward Cabrera available but the Fish reportedly need to add payroll rather than subtract. Sonny Gray has already been traded to the Red Sox and one prominent free agent has already come off the board with the Blue Jays agreeing to a deal with Dylan Cease. There are still some good arms out there but Peralta is far cheaper than the best free agents, which could make him attractive to big spenders and lower-payroll clubs alike.
Photo courtesy of Michael McLoone, Imagn Images
