David Peterson’s stint with the Cubs may have done more than steady his season - it may have changed the market for him entirely.
When the Mets dealt him to Chicago in June, the move felt like a practical one. Peterson had already bounced in and out of New York’s rotation several times, and his 6.09 ERA in that starter-reliever hybrid role made it easy to see why the club moved on once the early-season slide looked real. New York picked up prospect Cole Mathis in the trade, a return that fit the moment even if it still meant giving up one of the more unexpected success stories in recent Mets memory.
Peterson, though, settled in once he got to Chicago. Surrounded by the Cubs’ elite defense, he became more effective in the places that mattered most.
His FIP actually ticked up to 4.06 from 3.85 with the Mets, but his ERA dropped all the way to 3.70. The left-hander became a useful answer for a pitching staff that needed innings during the Wild Card chase.
That finish gives him some real leverage now that free agency is here. Peterson is 31, and among the starting pitchers set to hit the market this winter, he ranks 11th in fWAR since the start of the 2025 season. Most of that value came from his 3.1 fWAR in last year’s All-Star campaign, but he also added 1.0 fWAR in 80⅓ innings with the Cubs to close out this season.
That kind of recent production should make him a sought-after name for clubs looking for rotation help, especially because he offers something teams always value: the ability to start or relieve. He is not in the same lane as the top arms available - Tarik Skubal, Sonny Gray, and old friend Freddy Peralta sit in a higher tier - but Peterson should still have a strong market, even without the option of a qualifying offer hanging over him. A multi-year deal would seem well within reach.
For the Mets, a reunion doesn’t look like the direction here, even with their pitching needs and what the source describes as a limited budget. Their attention is expected to stay on bigger targets, with a true ace the priority whether they land Skubal or not. Nolan McLean, Zac Thornton, and Christian Scott give them some depth, but at the price Peterson is likely to ask for, David Stearns can find cheaper alternatives with similar upside.
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