The Minnesota Twins’ move on Joe Ryan looked dramatic on the transaction wire, but it did not push him into free agency.
Minnesota declined Ryan’s $13 million mutual option for 2027 on Friday, according to Dan Hayes of The Athletic, but the club kept the ability to bring him back through salary arbitration. In other words, the Twins changed the way his next salary will be set without cutting ties completely.
That matters because Ryan is still under team control for one more year. The option rejection altered the financial path, not the roster status. Minnesota still has a starter it can plan around while it sorts through the rest of the rotation.
MLB Trade Rumors projected Ryan’s next salary at $9.6 million, and the contract also included a $100,000 option buyout. Based on that projection, the gap between the declined option and arbitration would be $3.4 million before the buyout is factored in. But that figure is only an estimate, not a final number.
The Twins still have to tender Ryan a contract and either reach an agreement or go through arbitration to determine his 2027 pay. Friday’s decision did not lock in his salary, and it did not create $13 million in extra room to spend elsewhere. If Minnesota keeps him, it still has to account for his salary in the payroll picture.
That’s the key piece that can get lost when an option is declined. It can look like a clean exit, but arbitration eligibility keeps the player in the club’s control. The Twins’ payroll analysis makes that distinction clear: arbitration commitments belong in the spending calculation right alongside guaranteed money.
Ryan’s 2026 season gives Minnesota plenty to weigh. He posted a 3.79 ERA and a 1.16 WHIP, struck out 159 and walked 31 in 144.2 innings, and made 27 starts. Those are the numbers of a pitcher the Twins can use, not one they have to replace lightly.
The front office now has several directions it can take with that final year of control. It can keep Ryan, work on an extension, or listen if trade interest develops. Declining the option did not reveal which path the Twins prefer.
The bigger question is how they value his innings against the alternatives. Pablo López’s rehabilitation adds another layer to that calculation, and the assessment of Lopez’s recovery explained why even a promising timetable still leaves some uncertainty for next spring.
If Minnesota does entertain trade talks, it would need more than a simple payroll reset to justify moving Ryan. Any return would have to strengthen the roster enough to make up for losing a dependable starter.
For now, the Twins have preserved a route to keep him at a potentially lower salary. What they do with that last year of control will tell the real story.
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For the Twins, the appeal is obvious because Pagn already spent time in Minnesota and knows the market well enough to make a reunion feel plausible. The question is whether the price now matches the comfort level, especially after the Reds brought him back on two separate contracts and got enough out of him to make him a relevant name again. If the Twins are looking for a bullpen arm with some history and upside, this is one to watch. [Read more 🡒]