What happened: The market largely stalled after early July, with only five minor-league deals through Sept. 1. Teams now approach training camp with projected openings still subject to internal competition or late moves.
Why it matters: A limited pool of movable assets could raise the cost of addressing depth externally. Clubs that stay put will lean more heavily on camp evaluations before setting opening-night rosters.
By the numbers: Identified holes outnumber listed trade chips by 61, a ratio of about 4.8 to 1.
What to watch: Watch for movement as camps open and roster deadlines approach.