With the World Series in the books, front offices are abuzz with dialogue about decisions relating to their rosters as free agency begins. There are many players whose fate for next season is being determined by a contract option held by the player, club or both, and at least five who could opt out of their current deal and hit the market, including Clayton Kershaw.
The deadline for all contract options to be decided on was Friday at 5 p.m. ET, at the end of the five-day quiet period, though there are some players who faced a decision sooner. Kershaw was one of those players, but he agreed to a new three-year deal worth a reported $93 million with the Dodgers.
Below is a breakdown of which players had which options, as compiled by MLB Trade Rumors, with insight on how each situation played out.
Note: Players' 2019 seasonal ages -- how old they will be on July 1 of next year -- are listed in parentheses.
PLAYERS WITH CLUB OPTIONS
Madison Bumgarner, Giants SP (29 years old)
$12 million club option with a $1.5 million buyout
While he has shown some signs of decline in the past two years, Bumgarner was one of the biggest no-brainers of all players with a club option, and the Giants exercised the option on Monday.
Carlos Carrasco, Indians SP (32 years old)
$9.75 million club option with a $662,500 buyout
When healthy, the Indians right-hander has been a beacon of consistency, compiling a 3.27 ERA over the last five seasons. His club-friendly deal has paid off nicely for Cleveland, and he'll be back in 2019 after the Tribe exercised his option Tuesday.
Robinson Chirinos, Rangers C (35 years old)
$2.375 million club option with a $100,000 buyout
Chirinos has been a reliable backstop for the Rangers for six seasons now and is viewed as a leader within their clubhouse. Though his contract is below market rate for catchers and the Rangers don't have many other options, Texas declined his club option on Friday.
Sean Doolittle, Nationals RP (32 years old)
$6 million club option with a $500,000 buyout
Since arriving in Washington in July of 2017, Doolittle has transformed himself into one of the game's most effective relievers. The club exercised Doolittle's option on Monday.
Doug Fister, Rangers SP (35 years old)
$4.5 million club option with a $500,000 buyout
Although the Rangers are in need of starters, they chose to decline Fister's option on Friday after the right-hander posted a 4.50 ERA over 66 innings during an injury-plagued 2018 season.
David Freese, Dodgers 2B (36 years old)
$6 million club option with a $500,000 buyout
Freese proved to be a valuable trade acquisition for Los Angeles from late August on, particularly in the postseason, where he hit .364/.423/.773. The Dodgers declined Freese's option before re-signing the infielder to a one-year, $4.5 million contract.
Brett Gardner, Yankees OF (35 years old)
$12.5 million club option with a $2 million buyout
The Yankees declined Gardner's option but are bringing him back on a one-year deal valued at $7.5 million.
Paul Goldschmidt, D-backs 1B (31 years old)
$14.5 million club option with a $2 million buyout
With the D-backs reportedly on the cusp of a teardown and rebuild, Goldschmidt could be a viable trade chip entering what would be the final year of the five-year, $32 million pact he inked after his breakout 2013. Arizona exercised his option Monday.
Brandon Guyer, Indians C (33 years old)
$3 million club option with a $250,000 buyout
The Indians have uncertainty in their outfield with Michael Brantley and Lonnie Chisenhall becoming free agents, but they nonetheless declined Guyer's option after his .206/.300/.371 showing in 103 games last year.
Cole Hamels, Cubs SP (35 years old)
$20 million club option with a $6 million buyout
After Hamels recorded a 2.36 ERA for the Cubs in 2018, the club decided to exercise his option, shoring up its rotation for '19.
Will Harris, Astros RP (34 years old)
$5.5 million club option with no buyout
Harris has pitched well during his Astros tenure, posting a 2.58 ERA in the regular season, but he wasn't used much in the 2017 or '18 playoffs. As a result, the Astros declined to pick up his option.
Josh Harrison, Pirates 2B (31 years old)
$10.5 million club option with a $1 million buyout
The Pirates declined the club option on Harrison, buying him out and making him a free agent. But general manager Neal Huntington said Pittsburgh would "keep the door open" on potentially re-signing Harrison this offseason.
Jeremy Jeffress, Brewers RP (31 years old)
$3.17 million club option with no buyout
Jeffress had a career resurgence last year as the closer for what turned out to be a bullpen that was the Brewers' catalyst in their run to the National League Championship Series. Milwaukee exercised its club option to retain Jeffress in 2019.
Nate Jones, White Sox RP (33 years old)
$4.65 million club option with a $1.25 million buyout
The upbeat Jones will remain the White Sox longest tenured player, as his option was picked up on Monday.
Jungho Kang, Pirates 1B (32 years old)
$5.5MM club option with a $250K buyout
The Pirates declined their club option on Kang, but left the door open to a potential reunion. "If we don't [pick up his option], we'd have significant interest in seeing if there's a middle ground where it makes sense to have him come back," general manager Neal Huntington said on Sept. 30. "And if Kang plays the way Kang is capable, he has [an] everyday opportunity here."
Brandon Kintzler, Cubs RP (34 years old)
$10 million club option/$5 million player option
After the Cubs declined Kintzler's $10 million club option, the right-hander reportedly exercised his $5 million player option to return to Chicago in 2019. Kintzler gave up 14 earned runs in 18 innings after being acquired from the Nationals on July 31, and he was not included on Chicago's roster for the NL Wild Card Game.
Jordan Lyles, Brewers P (27 years old)
$3.5 million club option with a $250,000 buyout
Lyles had success over 11 outings with the Brewers this past season (3.31 ERA, 2.49 FIP), but his career 5.28 ERA and 4.50 FIP made him a buyout candidate, and the Brewers did, indeed, decide not to exercise their option on him.
Brian McCann, Astros C (35 years old)
$15 million club option with no buyout
After the Astros' ALCS loss to the Red Sox, Houston president of baseball operations and general manager Jeff Luhnow pinpointed catcher as an area of focus this offseason. Martin Maldonado is a free agent, and McCann's $15 million club option was declined, making him a free agent as well.
Mark Melancon, Giants RP (34 years old)
Can opt out of remaining two years, $28 million
Melancon has dealt with persistent elbow problems since joining the Giants two years ago, and he's no longer a trusted closing option. As a result, he chose not to exercise his option and hit the open market.
Matt Moore, Rangers SP (30 years old)
$10 million club option with a $750,000 buyout
Once a top prospect, Moore has posted a 5.22 ERA with a 4.64 FIP since undergoing Tommy John surgery in 2014. The Rangers did not pick up his club option on Friday.
Logan Morrison, Twins 1B (31 years old)
$8 million club option with a $1 million buyout
Morrison followed up a strong campaign (38 homers, .868 OPS in 2017) with a disappointing one (15 homers, .644 OPS) and underwent season-ending left hip surgery in August, so the Twins declined to pick up the slugger's option.
Gerardo Parra, Rockies OF (32 years old)
$12 million club option with a $1.5 million buyout
Parra is a platoon outfielder, which explains why the Rockies opted to buy him out instead of exercising his option. Colorado could look to bring him back at a lower cost in free agency.
Wily Peralta, Royals SP (30 years old)_
$3 million club option with a $25,000 buyout_
Peralta emerged as the Royals' closer after Kelvin Herrera was traded this past season. The Royals have reportedly restructured his contract, with the right-hander receiving a base salary of $2.25 million for '19, plus a $7 million mutual option in '20 with a $1 million buyout. Peralta could also earn close to $1 million in performance bonuses if he finishes 55 games in 2019.
Martin Perez, Rangers SP (28 years old)
$7.5 million club option with a $750,000 buyout
Though the Rangers aren't exactly flush with rotation options, and Perez won't turn 28 until April, the left-hander has recorded a lifetime 4.63 ERA with a 4.44 FIP -- including a 6.22 ERA with a 5.72 FIP in 2018. The Rangers declined his club option on Friday.
Jose Quintana, Cubs SP (30 years old)
$10.5 club option with a $1 million buyout
The Cubs picked up Quintana's option Wednesday to bring him back for 2019 after the left-hander posted a 4.03 ERA (106 ERA+) over 32 starts in his first full season with the club.
Fernando Rodney, A's RP (42 years old)
$4.25 million club option with a $250,000 buyout
The A's decided that a $4.25 million salary would be reasonable for Rodney after another effective season as a late-inning reliever, so they picked up their option on the veteran reliever Wednesday.
Chris Sale, Red Sox SP (30 years old)
$15 million club option with a $1 million buyout
Although he battled shoulder problems near the end of 2018, Sale remains one of the best pitchers in baseball. It's no surprise that the Red Sox picked up his '19 option.
Pablo Sandoval, Giants 3B (32 years old)
$555,000 club option
The Giants exercised Sandoval's option Monday. The third baseman is still owed $18 million (minus the $555,000 he'll make with San Francisco) from the Red Sox in 2019 as part of the contract he signed following the '14 season.
Ervin Santana, Twins SP (36 years old)
$14 million club option with a $1 million buyout
Santana made just five starts in 2018, as he underwent surgery on his right middle finger in February and battled recurring soreness that ended his season in August. As a result, the Twins decided to decline his option.
James Shields, White Sox SP (37 years old)
$16 million club option with a $2 million buyout
The White Sox declined the option for the soon-to-be 37-year-old Shields, who owns a 5.17 ERA since the beginning of 2016.
Justin Smoak, Blue Jays 1B (32 years old)
$8 million club option with a $250,000 buyout
Although designated hitter Kendrys Morales is signed for $12 million in 2019, and youngster Rowdy Tellez is seemingly set to take on an expanded role, the Blue Jays are bringing back Smoak for another year. Toronto will pick up Smoak's $8 million club option for 2019, MLB.com's Jon Paul Morosi reported Tuesday.
Yangervis Solarte, Blue Jays INF (31 years old)
$5.5 million club option with a $750,000 buyout
The Blue Jays declined their club option on Solarte, but he will remain on the team's 40-man roster and eligible for arbitration because he is not yet eligible for free agency. He took a step back offensively in 2018, hitting .226/.277/.378 in 122 games, but has defensive versatility, having appeared at every infield position during his five-season career.
Pedro Strop, Cubs RP (34 years old)
$6.25 million club option with a $500,000 buyout
Strop has recorded a 2.63 ERA since he joined the Cubs in 2013, and he was effective while filling in for Brandon Morrow as the club's closer in '18. As such, Chicago picked up his $6.25 million salary for 2019.
PLAYERS WHO HOLD PLAYER OPTIONS OR CAN OPT OUT
Elvis Andrus, Rangers SS (30 years old)
Can opt out of remaining four years and $58 million
The veteran shortstop told 105.3 The Fan in Dallas over the weekend that he didn't have any plans on leaving, and he did not opt out of the remaining four years on his contract.
Jason Heyward, Cubs RF (29 years old)
Can opt out of remaining five years and $106 million
Heyward did not opt out of his deal, as he would have had trouble securing such a lucrative contract on the open market after posting an 81 OPS+ over three seasons with the Cubs.
Clayton Kershaw, Dodgers SP (31 years old)
Can opt out of remaining two years, $65 million
Although he dealt with back problems again this past season and showed some signs of decline on the mound, Kershaw could have opted out in an effort to earn a longer contract as he enters his age-31 campaign. But he and the Dodgers agreed to a three-year, $93 million contract after both sides agreed to extend the deadline for the decision from Wednesday at midnight ET, to Friday at 4 p.m. ET.
Eduardo Nunez, Red Sox INF (32 years old)
$5 million player option with a $2 million buyout
According to the Boston Herald, exercised his $5 million player option to remain with the Red Sox, which isn't surprising after the infielder recorded -0.4 Wins Above Replacement this past season, per FanGraphs.
David Price, Red Sox SP (33 years old)
Can opt out of remaining four years and $127 million
Price confirmed before the Red Sox's World Series parade that he won't be opting out of his contract, which isn't surprising, as his current contract and on-field situation with the reigning champions are tough to beat.
Yasmany Tomas, D-backs OF (27 years old)
Can opt out of remaining two years, $32.5 million
Signing Tomas to a six-year, $68.5 million contract hasn't worked out for the D-backs. After spending all of 2018 in Triple-A, where he recorded a .745 OPS, Tomas surely won't be exercising his opt-out clause.
PLAYERS WHO HAVE A MUTUAL OPTION
Jason Hammel, Royals SP (36 years old)
$12 million mutual option with a $2 million buyout
After Hammel posted a 5.59 ERA over the past two seasons and spent the second half of 2018 in the bullpen, the Royals declined to pick up his option, which means the righty is now a free agent.
Mike Moustakas, Brewers 3B (30 years old)
$15 million mutual option with a $1 million buyout
The Brewers have third baseman Travis Shaw and second baseman Jonathan Schoop under contract for 2019, lowering the chances of the club bringing Moustakas back. And on Tuesday, Moustakas declined his mutual option and elected free agency.
Joakim Soria, Brewers RP (35 years old)
$10 million mutual option with a $1 million buyout
Although $10 million is hardly unreasonable for a reliever of Soria's caliber, the right-hander might not be a necessity for the Brewers. And on Tuesday, Soria declined his mutual option and elected free agency.
Denard Span, Mariners CF (35 years old)
$12 million mutual option with a $4 million buyout
Span is heading into his age-35 season with just 5.5 fWAR to his name since the outset of 2015, and the Mariners likely viewed this option as too expensive for the veteran outfielder, as MLB.com's Greg Johns reported Tuesday that the team declined the option and paid a large $4 million buyout.
Daniel Kramer is a reporter for MLB.com based in Denver. Follow him on Twitter at @DKramer_.
Thomas Harrigan is an editor for MLB.com.