The Minnesota Twins are expected to listen to trade offers on several of their remaining veterans after gutting the roster — particularly the bullpen — ahead of this year’s trade deadline. Right-handers Joe Ryan and Pablo Lopez ranked prominently on MLBTR’s list of the offseason’s top 40 trade candidates, as did catcher Ryan Jeffers. The extent to which the Twins further subtract from the roster will at least in part stem from ownership’s budget for next year’s payroll. To this point, the Pohlad family has not given the baseball operations department “a clear direction” on next year’s payroll, Ken Rosenthal of The Athletic reports.

RosterResource currently projects a $95M payroll for the Twins, which is down more than $40M from their Opening Day mark in 2025. That doesn’t include potential subtractions from the arbitration class. Trevor Larnach, projected for a $4.7M salary (via MLBTR contributor Matt Swartz), stands as a non-tender or trade candidate. Obviously, trades of Ryan, Lopez and/or Jeffers would further scale back spending. Lopez is earning $21.75M in each of the next two seasons. Ryan is projected for a $5.8M salary. Jeffers is projected to earn $6.6M. (Center fielder Byron Buxton is guaranteed $15M but has a full no-trade clause and has said even after the team’s summer fire sale that he won’t consider approving a trade.)

The idea of Minnesota taking that newfound payroll flexibility and reinvesting it in a series of win-now moves to complement a roster still featuring Ryan, Lopez, Buxton, Jeffers and several promising young position players (Luke Keaschall perhaps chief among them) makes at least some sense on paper, but there’s little in the Pohlads’ history of owning the club to support the notion that they’d go that route. Further subtraction still seems likely, though until the Twins tip their hand with whatever the first moves of the offseason are, perhaps fans can hold out some faint hope for a quicker-than-expected turnaround.

Assuming they indeed operate more on the sell side of things, Ryan in particular will be one of the most sought-after names on the trade market. The Twins discussed the 29-year-old righty, who has two years of affordable arbitration control remaining, with several clubs ahead of the summer trade deadline. No deal came to pass, but the Red Sox are known to have had substantial discussions regarding the right-hander, while the Yankees and Mets were among the others to at least check in.

Jeff Fletcher of the Orange County Register adds the Angels to the list of clubs that showed interest in Joe Ryan prior to the trade deadline. With the Halos set to seek pitching upgrades again this winter, it stands to reason that they could circle back and talk with the Twins this winter. The Angels’ farm system is not well regarded, though they have a fair number of young big leaguers or nearly MLB-ready arms who could pique the Twins’ interest (e.g. George Klassen, Ryan Johnson, Nelson Rada, 2025 first-rounder Tyler Bremner).

The Angels would surely face competition in any bid for Ryan. The 2025 All-Star tossed 171 innings of 3.42 ERA ball this past season, fanning 28.2% of opponents against a tidy 5.7% walk rate. He sports a career 3.79 earned run average that’s skewed a bit by an outlier 4.51 mark in 2023. Ryan has virtually no platoon split in his career, with the main blemish against him being some susceptibility to home runs (particularly in that rocky ’23 campaign). Angel Stadium, notably, has been more conducive to home runs than Minneapolis’ Target Field — both over the past three seasons and in 2025, in particular.

Much of the focus in the early stages of the offseason will be in determining exactly which direction the Twins will go and — if they indeed sell more veterans — the depth of that potential teardown. Minnesota already had a relatively well-regarded farm system prior to the deadline, and the Twins now boast one of the best minor league systems in the sport. They’re not a system that’s devoid of minor league talent, so the extent to which ownership is willing to invest in the club will be especially instructive when it comes to their 2026 outlook.

Looking beyond the roster, however, there are still some short-term decisions that need to be made in the dugout. Longtime manager Rocco Baldelli was fired at season’s end and replaced by his former bench coach from 2019, Derek Shelton. Bobby Nightengale of the Minneapolis Star-Tribune writes that the Twins initially began their search for a manager with a speculative list running around 80 names deep. They whittled that to 15, conducted Zoom interviews with seven and held in-person interviews with Shelton, Yankees hitting coach James Rowson (another former Twins staffer) and former Mariners skipper Scott Servais.

The decision, per Nightengale, ultimately came down to Shelton or Rowson. While Shelton won the job in the end, the Twins are hopeful of hiring Rowson back to the organization as Shelton’s new bench coach, Nightengale reports. The rest of the staff is largely up in the air. Dan Hayes of The Athletic reports that the Twins will retain pitching coach Pete Maki, pairing him with newly hired bullpen coach LaTroy Hawkins to oversee the staff in Minnesota.

Third base coach Tommy Watkins has already departed for Atlanta, and Hayes writes that assistant bench coach/catching coach Hank Conger and quality control coach Nate Dammann have both been dismissed. Decisions have yet to be made on hitting coaches Matt Borgschulte, Trevor Amicone and Rayden Sierra.