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Stock Watch: Midwinter progress report for all 30 MLB clubs

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The hot stove season is stuck in the middle. When we last checked in, the winter meetings in Orlando, Florida, were set to begin, and we figured that a month later the heavy lifting of the 2025-26 offseason would be complete.

Yet here we are. While there has been some activity -- including this weekend's big news about Alex Bregman agreeing to terms with the Cubs -- the free agent market remains rich with impact talent, with the likes of Kyle Tucker, Cody Bellinger and Bo Bichette among those remaining unsigned.