The New York Mets arrived in Orlando, Florida, for the winter meetings last week with a chance to re-sign closer Edwin Diaz and first baseman Pete Alonso.

Díaz had already received two contract offers — one of three years from the Los Angeles Dodgers and another of five years from the Atlanta Braves. Díaz, though miffed by the Mets not alerting him before signing free agent reliever Devin Williams a few days before, still wanted to wait for an offer from his longtime team, sources told ESPN.

The offer came on Dec. 7: three years, $66 million with $21 million deferred over 10 years. Negotiations continued from there, and the Mets ultimately produced another offer, adding a $9 million signing bonus to match the Dodgers, with the $21 million deferred over 15 years.

But Díaz, who turns 32 in March, wanted an annual average value of at least $20 million and less deferred money spread over a shorter period. The Mets, according to a source, refused to meet those terms. The Braves, though offering more years, also declined to meet the criteria.

That left the Dodgers, the two-time defending World Series champions — with a nudge from Díaz’s Puerto Rican compatriot Kiké Hernández — to make an improved third offer: three years, $69 million with a $9 million bonus, $13.5 million in deferred money over 10 years, and a conditional $6.5 million option for 2029 that would trigger if he spends a certain number of days on the injured list. Díaz accepted, giving the Dodgers another All-Star for their loaded roster and another hole for the Mets to fill.

The next day, Alonso agreed to a five-year, $155 million contract with the Baltimore Orioles — terms so far beyond the Mets’ valuation of the 31-year-old slugger that they didn’t even make the franchise’s all-time home run leader a formal offer, according to sources, after showing real interest in fellow slugger Kyle Schwarber before he re-signed with the Philadelphia Phillies. On Friday, the day Díaz and Alonso were introduced by their new teams, the Toronto Blue Jays outbid the Mets for reliever Tyler Rogers, whom the Mets had acquired at the trade deadline for a doomed playoff push.

The losses, less than three weeks after Mets president of baseball operations David Stearns traded Brandon Nimmo to the Texas Rangers for Marcus Semien in a swap of veterans with expensive contracts, were jarring to the fan base. In a vacuum, each decision can be explained with sound logic. But the departure of three mainstays — plus Rogers — produced an emotional firestorm. Nimmo, Alonso and Díaz were core players and fan favorites, with talent and personality that made them main characters at Citi Field for years. Now they are gone.

The Mets’ offseason, which began with most of manager Carlos Mendoza’s coaching staff shown the door, has thus far made one point clear: Stearns believes an overhaul is necessary after the team’s slow-motion collapse this year eradicated the previous season’s unforeseen run to the National League Championship Series. He determined the core wasn’t good enough not only after the Mets lost the final NL wild-card spot to the Cincinnati Reds on the last day of the 2025 campaign with a payroll of $340 million, but also because the team has now posted just two postseason series wins in seven seasons. Steve Cohen, the richest owner in baseball, has given Stearns the green light to operate as he sees fit — with calculated discipline — in his third offseason at the helm.

“I think we’re always weighing how certain transactions fit into the larger puzzle of the resources we have,” Stearns said at the winter meetings. “We have a lot of resources. No team has unending resources, and I’ve said that before. We’ve got all the resources we need, all of the payroll space. We need to put a really good team on the field. That doesn’t mean it’s infinite, nor should it be.”

Now the pressure is on Stearns to complement the Mets’ two remaining cornerstones — Francisco Lindor and Juan Soto — with the necessary personnel to rebound from 2025 and soothe the fan base.

The offseason is far from over. There are moves to make and they’ve already begun — the Mets initiated their pivot on Saturday, when they signed veteran infielder Jorge Polanco to a two-year, $40 million contract. With a projected payroll already pushing $300 million, what could be next for Stearns & Co.?

Here’s a unit-by-unit look.

The starting rotation

Starting pitching, the No. 1 reason for the Mets’ downfall in 2025, has so far been largely unaddressed. That will undoubtedly change. The Mets added depth by claiming Cooper Criswell off waivers from the Boston Red Sox, but they are determined to make more substantial modifications to a group that currently includes Nolan McLean, David Peterson, Clay Holmes, Sean Manaea, Kodai Senga, Jonah Tong and Brandon Sproat.

For one, New York has informed teams that Peterson and Senga are available in potential contract swap trades, rival executives told ESPN, similar to the Nimmo-for-Semien exchange. Why trade from the rotation when they’re looking to improve it? The goal is to add front-line talent alongside the promising McLean.

“I think the trade market, in general, agnostic of position, is pretty active,” Stearns said. “And I think there’s a lot of chatter, and has been throughout this offseason, among teams in the trade market. Seems like teams in general are maybe a little bit more open and willing to be creative, to talk about different types of structures, to talk about need-for-need-type trades at the major league level than maybe we’ve seen over the past couple of years at least.”

Stearns strongly prefers not to give long-term contracts to starting pitchers in their late 20s and into their 30s. So, left-handed ace Framber Valdez, at 32, is a potential option only if his market craters and he’s open to a short-term deal. Michael King, a high-upside right-hander coming off an injury-plagued age-30 season with the San Diego Padres, could qualify for the Mets’ short-term preference. The former New York Yankee has a 2.93 ERA since converting from reliever to starter in August 2023, good for seventh in the majors among starters with at least 250 innings pitched.

In the trade market, Milwaukee Brewers ace Freddy Peralta, who is owed just $8 million in 2026 before reaching free agency, is available for the right terms, sources told ESPN. The right-hander went 17-6 with a 2.70 ERA in 33 starts last season and has a 3.40 ERA in 95 starts over the past three seasons. Stearns is also familiar with Peralta from his eight years leading Milwaukee’s front office.

The Padres, looking to offload payroll, are open to trading right-hander Nick Pivetta one year after giving him a four-year, $55 million contract, sources told ESPN. Pivetta, 32, had his best big league season in 2025, registering a 2.87 ERA in 181⅔ innings across 31 starts. The Washington Nationals are also exploring trading MacKenzie Gore, a 26-year-old left-hander with two years of team control remaining. Gore was an All-Star for the first time in 2025, finishing with a 4.17 ERA in 30 starts after a turbulent second half.

Then there’s Tarik Skubal, arguably the best pitcher in the world. Detroit Tigers president of baseball operations Scott Harris has not shut down speculation of trading the two-time defending AL Cy Young Award winner — he instead recently reiterated there aren’t any “untouchables” in the organization — but it would take a huge haul for a player who is just one year from free agency. The Tigers also want to compete in a very winnable AL Central after consecutive playoff appearances, and they ultimately have until the trade deadline to move him.

Industry consensus is the Mets’ farm system has drastically improved in recent years, giving them the ammo to land established top-tier major leaguers in trades even if their top two prospects — McLean and outfielder Carson Benge — are off the table.

The bullpen

Díaz’s departure means no more of his signature Timmy Trumpet-infused entrances from the bullpen at Citi Field, and, more importantly, that Williams — signed to a three-year, $51 million deal — will assume the closer role.

“And we’re very comfortable with that,” Stearns said hours after news of Díaz’s decision broke last week. “I’ve certainly seen Devin perform at a very high level for a long time. I have full confidence that he can be one of the best relievers in baseball. I think he’s very motivated to do that, and I’m looking forward to watching.”

But the Mets’ front office has plenty of work left to do in the bullpen. As it stands, left-handers A.J. Minter, who will be coming off surgery for a lat tear, and Brooks Raley are the top established relievers outside of Williams.

The Mets also already missed out on Rogers, who agreed to a three-year, $37 million contract with a vesting option for a fourth year with Toronto, and Robert Suarez, who signed a three-year, $45 million contract with the Braves. Remaining options in free agency include Pete Fairbanks, Seranthony Dominguez, Luke Weaver, Brad Keller, Pierce Johnson, Kirby Yates and Shawn Armstrong.

The best possible replacement for Díaz could be Mason Miller if the Padres are willing to trade him. Miller, 27, has established himself as one of the top relievers in baseball with a fastball that averages over 100 mph. The right-hander compiled a 0.77 ERA in 22 appearances after the Padres acquired him at the trade deadline from the A’s for a four-player package that included shortstop Leodalis De Vries, one of the top prospects in the sport.

The infield

The 32-year-old Polanco, originally a shortstop before transitioning to second base, hasn’t logged an inning at first base in his 12-year major league career. Still, the Mets plan on using him there, as well as at designated hitter. Knee and hamstring injuries plagued the switch-hitter in 2023 and 2024 before he posted one of his best seasons in 2025, hitting 26 home runs with an .821 OPS in 138 games for the Seattle Mariners.

The other options for first base and designated hitter are Jeff McNeil and Mark Vientos. The Mets, however, have informed teams that both players are available in trades, rival executives told ESPN. McNeil, a 33-year-old former batting champion who can play around the diamond, is owed $15.75 million in 2026 and has a club option for the same amount for 2027. Vientos, 26, grades out as a subpar defender but enjoyed a breakout season in 2024, hitting 27 home runs with an .837 OPS in 111 games, before regressing to a .233/.289/.413 slash line and 17 home runs in 121 games in 2025. He is under team control through 2029.

Otherwise, the Mets’ infield appears set with Semien at second base, Lindor at shortstop, Brett Baty at third base and Francisco Alvarez behind the plate.

The outfield

With Soto entrenched in right field — Mendoza recently said having Soto DH is off the table despite his substantial defensive regression last season because Soto doesn’t like the role — the Mets have a hole in left field after trading Nimmo and could use an upgrade in center.

“I think between what’s available in free agency and some of the names that are being talked about in the trade market, that there’s a pretty robust group out there,” Stearns said of available outfielders during the winter meetings. “There’s a pretty robust market, and we’re going to continue to explore that. And I also think we’ve got some really good internal candidates as well.”

If the season began tomorrow, McNeil would play left field with Tyrone Taylor or Benge in center. Stearns has said he expects Benge, a first-round pick in 2024, to contribute in 2026, and that could be in center or left.

External outfield options include free agents Cody Bellinger and Kyle Tucker or trading from the team’s starting pitching depth for a contractually cheaper alternative. Bellinger could play center, left and first base. Tucker hasn’t played left field since 2020.

Both players seek long-term contracts, which could give Stearns pause. He has remained firm in his approach during a transformative offseason. Time will tell if the approach is the right one.

ESPN’s Jeff Passan and Alden González contributed to this report.

The UEFA Women’s Champions League will play its final matchday of the new-look league phase on Dec. 17, with all nine games kicking off at 3 p.m. ET (8 p.m. GMT).

All 18 teams have been battling to progress since early October and we now have a rough idea which 12 teams will be able to qualify for the knockout stages, either automatically or via a playoff.

The knockout draw, which sets the full path of the bracket, will be held on Thursday, Dec. 18. There is no country protection, meaning teams from the same league can face each other throughout the knockouts.

Here’s everything you need to know.

How does qualification work?

The top four in the league-phase table go straight through to the two-legged quarterfinals, which are to be played on March 24 and April 1.

The eight teams in positions 5 through to 12 go into the knockout-phase playoffs, which will be played on Feb. 11-12 and Feb. 18-19, to earn a place in the quarterfinals.

Teams in positions 13 to 18 are eliminated.

Then, from the league-phase playoffs onwards, the competition has a two-legged format through to the semifinals, with a traditional one-legged final.

How does the league phase feed into the knockout bracket?

The new format gives importance to league placing with teams paired. The higher you finish, the more favorable your path, including that jump direct to the quarterfinals for the top four.

Here’s how it works.

For the knockout-phase playoffs, the draw will create four ties from:

11 or 12 vs. 5 or 6 (two ties)
9 or 10 vs. 7 or 8 (two ties)

The draw will place the four ties which have been created into a position in the bracket, in either the silver or blue half.

Then the paired teams in positions 1 & 2, and 3 & 4, will be drawn into one of two possible positions, again to create fixtures.

For the quarterfinals, the draw will be:

The winners of a tie involving 7, 8, 9 and 10 will play 1 or 2 (two ties)
The winners of a tie involving 5, 6, 11 and 12 will play 3 or 4 (two ties)

The whole bracket is now set.

The teams that finish in positions 1-4 will be at home in the second leg of the quarterfinals.

The semifinal ties are already set by the bracket draw. In principle, the teams ranked 1 and 2 will play the semifinal second leg at home. However, if 1 and/or 2 are knocked out in the quarterfinals, the home right will pass to the team that has eliminated them. For instance, if Arsenal (first) are knocked out by Paris FC (ninth), it’s Paris FC who will have home advantage in the final four.

So, it isn’t based on league placing — and that means it’s impossible for the teams that finish in third and fourth to get a home semifinal second leg, as they cannot claim it off first or second.

Who is through already?

Barcelona and OL Lyonnes both have 13 points, which secures them a top-four spot.

Chelsea, Juventus, Real Madrid, Wolfsburg, Arsenal, Manchester United and Paris FC have all secured at least a knockout-phase playoff spot.

Atlético Madrid basically have as well, as Valerenga can go level on points with them, but have a vastly inferior goal difference and would need to win 10-0.

OH Leuven are favorites for the final 12th spot, unless they lose or draw vs. Arsenal and Valerenga beat Bayern.

Who is out already?

Bottom side St. Pölten are out, while FC Twente, Benfica, Roma, Paris Saint-Germain (who lost their first four games) also can’t catch OH Leuven in 12th at this point.

What’s at stake in the final league-phase fixtures?

VfL Wolfsburg vs. Chelsea: A Wolfsburg win could propel them into the top four and automatic qualification (depending on other results). But they’d need Real Madrid and Juventus not to win. Chelsea will seal top four with a win, but if they draw, then Juventus, Real Madrid or Bayern could usurp them.

OH Leuven vs. Arsenal: Leuven should be safe in 12th spot even with a defeat, but if Valerenga beat Bayern then even a draw wouldn’t be enough as they would lose out on goal difference. Arsenal need other results to go their way to claim a top-four spot, with Chelsea, Juventus, Real Madrid, Bayern and Wolfsburg above them.

Bayern Munich vs. Valerenga: To finish in the top four, Bayern need to better the results of Juventus or Real Madrid as they have a vastly inferior goal difference. Valerenga need a miracle to claim the final playoff spot and avoid elimination: they have to win and hope Arsenal don’t lose to Leuven.

FC Twente vs. Real Madrid: Madrid will want to score as many as possible and get the win against the already eliminated Twente, as it’s close with Juve for fourth spot. If they do that, an automatic place is theirs.

Juventus vs. Manchester United: Juve are currently fourth but are only edging Madrid on goals scored, so they really need to win. A draw will likely put them into the playoffs. United could edge into the top-tier of the playoff draw if they get a win, or a draw and Wolfsburg lose to Chelsea.

OL Lyonnes vs. Atlético Madrid: Atlético will want to finish as high as possible to get a better playoff draw, and only a win will do that. They have a much better goal difference (+8) than the teams around them, but a draw would only get them as high as 10th. OL Lyonnes are through but will be keen to finish top — though they are six goals behind Barcelona.

Paris FC vs. Barcelona: Similar to Atlético, Paris FC but need a win to get into spots 5-8, but their goal difference is worse than the teams there if they draw. Barcelona are through but will be keen to finish top.

Roma vs. St. Pölten: Nothing, both are out.

Benfica vs. Paris Saint-Germain: Nothing, both are out.

When will the knockout games be played?

Playoffs:

Leg 1: Feb. 11-12
Leg 2: Feb. 18-19

Quarterfinals

Leg 1: March 23-25
Leg 2: March 31-April 2

Semifinals

Leg 1: April 24-26
Leg 2: May 1-3

Final

May 22, 23 at Ullevaal Stadion in Oslo, Norway.