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The Winter Meetings in Dallas opened with a bang amid reports that Jose Reyes had agreed to a six-year, $106 million deal with the Marlins, pending a physical. Prior to Reyes' signing, there had been precious little movement among this winter's top-tier free agents. In the three weeks since Jonathan Papelbon inked his four-year, $50 million deal with the Phillies, the highest-dollar signing was Heath Bell's three-year, $27 million deal—also by the Marlins, who with their new ballpark are suddenly the game's biggest spenders. Many execs, agents, and onlookers expect a fair bit of business to get done in Dallas given the opportunity for face-to-face interactions, though whether Albert Pujols, Prince Fielder, and C.J. Wilson will leave town with new contracts remains to be seen. Reyes' signing likely eliminates the Marlins from considering any of those three players, all of whom could top $100 million. I've already covered Wilson; today's look is at the market for Fielder.

In some ways, Fielder is hitting the market at the best time. He's just 27 years old (28 in May), coming off a season in which he hit .299/.415/.566, ranking second in the league in on-base percentage and homers (38), third in slugging percentage, and fourth in True Average. He doesn't have the crowded mantelpiece of the 31-year-old, three-time MVP Pujols, but the latter is coming off career lows in on-base (.366) and slugging percentage (.541), strong stats from anyone else but enough to raise the specter of his decline, particularly given that with the exception of a five-point gain in slugging percentage from 2008-2009, his slash stats have been falling for three years running. Skeptics look at Fielder's massive figure and his 275-pound listed weight and say they want no part of his future, particularly without a path to eventually playing designated hitter, but health is a skill, and he has averaged 160 games a year over the past six seasons, never hitting the DL once. Pujols has averaged a solid 152 games per year in that span but has made three trips to the DL (oblique strain, quad strain, and a wrist fracture that cost him just the minimum this past year). Assuming a potential eight-year deal for both, one team will be paying upward of $20 million for Fielder's age-35 season, another for Pujols' age-39 season.

On the other hand, Fielder's timing still isn't outstanding. The game's three highest-spending teams (using 2011 figures) already have nine-figure commitments to their first basemen; the Yankees have Mark Teixeira locked up through 2016, the Phillies have Ryan Howard booked through then, with a 2017 club option, and the Red Sox have Adrian Gonzalez tied up through 2018. The fifth-, seventh-, ninth- and 11th ranked teams, the Mets, White Sox, Twins, and Dodgers are all in cost-cutting mode, with the Sox (Paul Konerko) and Twins (Justin Morneau) both facing eight-digit commitments to their first basemen in each of the next two seasons, and the other two paring payroll amid ownership crises. The 12th-ranked Tigers, have first baseman Miguel Cabrera locked up through 2015. Given all of that, the list of teams that might pony up for Fielder quickly dwindles. Here's what appears to be in play as the meetings open.

Marlins: "Decked out in garish new threads and bragging about their new home (which has some garishness as well), the Marlins are playing the part of the nouveau riche, ostentatiously flashing around thick wads of bills in an attempt to make everyone forget their petty, cheapskate ways." That's what I wrote about the Marlins' interest in Wilson, noting that he ranked lower on their priority list than Pujols and Reyes, to whom they were rumored to have made lowball offers. On Friday, Fox's Ken Rosenthal and Jon Morosi reported that the Fish have discussed Fielder internally, noting that the team might be a particularly good fit given the slugger's Orlando residence and the Marlins' need for another left-handed power bat. However much sense that made when it was reported, it has since been superseded not only by the Reyes signing but the news that the team is under investigation by the Securities and Exchange Commission over the means via which the taxpayers of Miami-Dade County were forced to foot 80 percent of the bill for the new stadium. Team vice president PJ Loyello said that the probe "will have no effect whatsoever on our roster plans," and thus far that appears to be true, but it would still be a stretch to envision the Marlins making not one but two nine-figure signings in one winter.

Cubs: With Carlos Pena a free agent, the Cubs have an obvious hole at first base, and much to gain by plucking Fielder from a division rival that finished 25 games ahead of them in the NL Central standings. However, incoming president Theo Epstein is well aware that the team isn't really in position to win in 2012, and probably not 2013 either; between the $76 million owed to Alfonso Soriano and Carlos Zambrano, the dearth of championship-quality players currently on the roster (Starlin Castro and… Carlos Marmol?) and little in the way of immediate help from the farm system, spending more than $40 million on two years of Fielder with no hope of winning seems like a sucker's bet. Neither Epstein nor new general manager Jed Hoyer looks like a sucker, so the only way this is likely to happen is if his market really dries up and the team is persuaded it's getting a steep discount.

Mariners: As the Brewers' director of scouting from 1999-2006, Mariners general manager Jack Zduriencik is the man who drafted Fielder in 2002, so it's not surprising that Seattle would be linked to the slugging first baseman. Given an eyesore of an offense, one that ranked last in the league in scoring as well as all three slash stats, the need for his big bat is certainly there, particularly as it becomes clearer that Justin Smoak (.234/.323/.396 in his age-24 season) isn't the star in the making that some thought he was. Despite losing 95 or more games in three of the past four seasons, the team hasn't fallen lower than eighth in the league in attendance, so it seems likely they could afford him, particularly given they've only got $38 million on the books for 2013, and $21 million for 2014. On the other hand, it's going to take more than just one slugger to turn things around in the Emerald City; though they have more in the way of young talent than the Cubs, the Mariners would also be spending a big chunk of change on Fielder during a time when they won't be competitive.

Nationals: As noted previously, this is a team on the rise, given their 80-81 finish amid the return of Stephen Strasburg, the emergence of youngsters like Jordan Zimmermann, Wilson Ramos, and Danny Espinosa, and the pending arrival of Bryce Harper. In signing Jayson Werth last winter, GM Mike Rizzo has demonstrated a willingness to spend big money, and in Fielder, he'd be getting a player four years younger and much closer to his prime years. The lineup has room for Fielder; incumbent first baseman Mike Morse can slot back into left field, where he spent much of 2011 before Adam LaRoche was injured. The team would need to find a way to absorb the $8 million salary and $1 million buyout due to LaRoche, who underwent surgery for a torn labrum and rotator cuff in mid-June, but on the other hand, they could turn 23-year old first-base prospect Chris Marrero into a trade chip, albeit not a major one. It all makes a whole lot of sense… except that the Nats' interest in Fielder is said to rank below their desire to land a starting pitcher.

Brewers: Despite playing in the majors' smallest market, the Brewers have drawn three million fans in three of the past four years, making two trips to the playoffs. Owner Mark Attanasio has shown a willingness to go all in, spending money when winning was within the team’s reach; in 2008, the Brew Crew traded for CC Sabathia in a successful push for their first post-season appearance since 1982, while last winter, the team emptied out its farm system to acquire Zack Greinke and Shaun Marcum to make one more run with Fielder, and the team made it all the way to the NL Championship Series. This is the only organization Fielder has ever known since being drafted back in 2002, and while they can't offer him the moon and stars, they've made it publicly known they're willing to go as high as six years and $120 million, up one year and $20 million from what they offered this past spring. That may be just for show—they made a similarly public offer to Sabathia before he departed for the Yankees, and GM Doug Melvin hasn't spoken to Boras since the general manager meetings in mid-November—but they do present a strong, comfortable fallback option.

Rangers: The two-time defending AL champions spent the 2011 season cobbling together a first-base solution out of Mike Napoli, Michael Young, and Mitch Moreland, but the latter got the bulk of the playing time and hit just .251/.311/.359 in that role; furthermore, the team jut announced that he's going to need 8-12 weeks to recover from wrist surgery. The Rangers have a massive television contract to help fund their rise into a powerhouse, but they’re already facing a significant rise above last year's $93 million Opening Day payroll. After signing Joe Nathan, they have around $77 million committed to 10 players including Leonys Martin, with significant raises due the arbitration-eligible Mike Napoli, Nelson Cruz, Mike Adams, David Murphy, Elvis Andrus, Matt Harrison et al; BP contributor Joey Matschulat estimated that bunch will cost another $30 million. They're not out of the running yet on Wilson, and at the very least, they've offered the impression that he's a higher priority than Fielder.

Blue Jays:A Cleveland CBS radio report has the Jays as the leaders for his services, and while it’s been downplayed elsewhere, it’s not hard to see the appeal. The team finished 81-81 last year, but that was good for just fourth in the AL East. They clearly have a need at first base given Adam Lind's abysmal .243/.291/.432 line and −0.1 WARP over the past two seasons, and having ranked no higher than 10th in the league in attendance over the past three years while drawing less than two million fans each time. They could use a gate attraction such as Fielder as they attempt to mount an assault on the New York-Tampa Bay-Boston hegemony, particularly as they look to 2013, when the playoffs expand. The big-market Jays are believed to have plenty of money to spend; last year’s $70 million payroll could jump as high as $120 million according to team president Paul Beeston. It all makes a surprising amount of sense, given the ambivalence of Texas and Washington.

At the moment, there doesn’t seem to be any team that’s as hot and heavy for Fielder as we might expect. Perhaps it’s because of the perception that he needs to sign with an AL team for future DH purposes, but perhaps he needs the Wilson or Pujols dominoes to fall to move to the top of teams’ priority lists. Stay tuned.

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hyprvypr
12/05
While to be fair Justin Smoak has been awful, given the careers of others and even recent prospects(Gordon), I'd think it unfair to presume Smoak cannot improve or grow into the 70 power most scouts see in him.

With a potential rotation of Hernandez, Pineda, Hultzen, T.Walker and Paxton in 2013, the M's just need two big bats to make the offense sufficiently strong to outscore their pitching. Fielder at 1B/DH and a bopper in RF to replace the venerable Ichiro and they should be an 85-90 win team in 2013.
Richie
12/05
Silly to cite Pujols' age without noting all the doubts about it.
benharris
12/05
Silly to note the doubts about Pujol's age without citation.
jjaffe
12/05
Great, the birthers have arrived at BP.

Until someone presents actual evidence that he lied about his age - instead of referencing a belief - I'm not going to worry too much about it. We already know enough about the late 30s aging patterns of most ball players to make signing Pujols to an 8-year deal very risky.
uptick
12/05
chris marrero recently had surgery and is likely to miss the entire season, so it seems doubtful that he'd bring much in a trade at this juncture
skuddler
12/05
I really hope that Fielder winds up with the Blue Jays, but of course the question always has to be: at what cost? I have a feeling that somebody else will be willing to pay the slugger more than AA and his staff can, in good conscience, offer Fielder at this point. I hope that I am wrong though. I can think of very few players (free agents or not) who would fit in better with the Jays' roster needs and timeline for winning. Signing him,trading for a marquee front of the rotation pitcher (as long as it doesn't require losing meaningful parts of the big league club) and refurbishing the bullpen might be enough to actually make the Blue Jays out and out favourites in the AL East. That's a lot to get done in one offseason, but I could see it happening over the course of the next couple of years.
Richie
12/05
I've been here long enough to remember the BP writers who railed righteously against those moral reprobates who dared to suggest that Barry was taking steroids. Dudes, you guys are the birthers for pretending it's not a legitimate, eight- or nine-figure issue.
antonio
12/06
I don't really see Fielder signing with Toronto unless he wants to accept a five- or six-year deal, and someone is going to give him seven or eight years--maybe more.

Besides, the Jays aren't really contenders yet. The rotation is thin behind Romero and Alvarez, the bullpen needs a partial overhaul, and there are question marks about the lineup apart from 1B (2B, CF, LF, possibly C). The Jays have a lot of prospects coming, but the vast majority of them are still at least a year or two away. The team is going in the right direction, but is betwixt and between at the moment.

It's not very sexy, but if I were AA I would stay away from the big-name, mega-expensive free agents and stick to the "build from within" game plan (supplemented by trades). When the talent is really flowing (as it did in the mid-80s and early 90s), go ahead - add a free agent or two to put you over the top.
juiced
12/06
Of the teams you mentioned, the Rangers, Jays, and Nats makes sense, the others dont. The Cubs are way too far off the mark to justify that massive an investment at this point. IMO, the same pretty much goes for the Mariners. Florida has committed a ton of money already and has Sanchez at first, and the Brewers play in baseball's smallest market in spite of their recent good attendance. They wont be able to offer enough to get it done, he's gonna get more than 6 at 20 per.

But of those 3 teams that make sense, the Rangers have gone on record as saying they are committed to Moreland and arent willing to invest more money to replace him. that doesnt make a lick of sense to me given how close they are to a ring and their revenue stream, but it's what they've been saying. Which leaves the Jays and Nats, and a move to either of those teams makes a ton of sense, but the Nats have publically said they are going to stick with LarRoche, again I think that's dumb but whatever. So it looks to me like he'll become a Jay unless they can't beat Milwaukee's 6 at 20 per.
jjaffe
12/06
Winter Meetings update: The Brewers have said that they're out, the Orioles have said that they're interested, though consider it a longshot, and according to Rosenthal, the Cubs are interested in a shorter, high-dollar deal - which makes a whole lot more sense regarding Fielder.
BrewersTT
12/06
@juiced: Despite the look of the current roster, I think the Mariners might make sense. They have enough pitching that they do not need to raise the offense to greatness to contend. Just by assembling ordinary players at several positions, they could increase WARP pretty significantly in comparison to the production they've been getting. I think the rest of your breakdown makes a lot of sense. Which probably means that the Orioles, enemies of all that is sensible, will probably sign him for 10 years and $250M.

A short deal with the Cubs makes the least sense of all. If you're going to sign him, sign him long enough to have him when his presence might matter.
juiced
12/07
Well I heard today that now the Ms are considered favorites to sign him, the GM has a personal history with and liking for Prince. It'd clearly make them a better team but I dont think its cost justified yet. They arent closer to the Rangers or wild card level.
juiced
12/07
Meant to say, arent "close enough" to Rangers or wild card level IMO.
ddufourlogger
12/06
How about Marlins sign Prince (or Albert), then trade Gaby Sanchez for Carlos Zambrano? The Cubs and the Fish both go for that, fills needs for both, and Z is on his best behavior for his buddy Ozzie. Then if they bomb next year, Z is a free agent and they're not on the hook for CJ Wilson. Just a thought....