Overview

• The Twins traded 11 players at the July deadline, including stars Jhoan Duran and Carlos Correa, cutting payroll by tens of millions to tackle a debt load near $450 million.
• Shortstop Carlos Correa returned to the Astros under his stipulation, with Houston agreeing to cover two-thirds of his remaining $100 million contract in exchange for prospect Matt Mikulski.
• Commissioner Rob Manfred’s All-Star Game remark signaled MLB’s view that the deadline teardown was groundwork for an imminent sale at recent franchise valuations.
• President Derek Falvey called fan outrage over the sudden rebuild “totally fair” and expressed empathy for supporters facing a stripped-down roster.
• Allen & Company is steering the $1.7 billion sale process amid interest from several bidders and anticipates closing a transaction by mid-2025.