What happened: Tarik Skubal enters the open market projected to command an unprecedented contract for a starting pitcher. Multiple clubs are preparing to engage in contract discussions as free-agency negotiations open.

Why it matters: A deal approaching $400 million would surpass previous historical benchmarks for rotation aces. Mega-contracts of that scale carry significant franchise implications given the risk profile of long-term pitching commitments.

What to watch: Clubs will hold formal discussions leading into the upcoming Winter Meetings.