The Astros have called re-signing Alex Bregman their top offseason priority. Whether that’ll happen remains to be seen, but Jon Heyman of the New York Post writes that Houston has made an offer to their longtime third baseman. It’s unclear whether any other teams have made a formal proposal, but Heyman reports that Bregman’s camp has also fielded interest from the Tigers and Red Sox.

Terms of the Astros’ proposal aren’t known. If Houston is going to retain Bregman, it’d probably require the largest investment in franchise history. Their previous organizational high is the five-year, $151MM Jose Altuve extension from 2018. Bregman has a decent shot at six or seven years at more than $25MM annually. He’ll presumably view Matt Chapman’s recent six-year, $151MM extension as the floor and could look to beat $200MM.

Houston general manager Dana Brown said early in the offseason that the Astros may need to creatively manage the books, potentially by trading a veteran or two who is playing on a notable salary. Owner Jim Crane said earlier this week that the team has the flexibility to exceed the luxury tax threshold for a second straight year.

That’d essentially be a prerequisite to re-signing Bregman. RosterResource calculates Houston’s competitive balance tax number in the $234MM range. That’s not far below the $241MM base threshold. Even if the Astros trade veteran setup man Ryan Pressly and offload his $14MM salary, a Bregman contract will send them past the CBT mark. They’re also looking for help at first base and could try for a more affordable bullpen pickup if they deal Pressly.

This is the first direct tie between Bregman and the Tigers. That has been a longstanding speculative match with former Astros manager A.J. Hinch leading the charge in Motown. Detroit’s third base mix is unsettled. Matt Vierling, Zach McKinstry and prospect Jace Jung all took a decent number of at-bats at the position. Vierling and McKinstry are multi-positional players. Third base is the clearest fit for the 24-year-old Jung, who has 34 games of major league experience. If the Tigers were to land Bregman, Jung could push Spencer Torkelson for playing time at first base. He’d also be a potential trade chip as Detroit looks to solidify the rotation behind Tarik Skubal and Reese Olson.

Finances are the much bigger obstacle. While Detroit has run payrolls north of $200MM in the past, those came when the late Mike Ilitch was running the franchise. The Tigers have dramatically reduced spending since Christopher Ilitich’s ownership tenure began in 2017. Much of that came amidst a rebuild that was firmly closed by Detroit’s late-season run to the AL Division Series, so they could loosen the purse strings this winter. The Tigers only have around $80MM on next year’s payroll, according to RosterResource, nearly $20MM below this past season’s Opening Day mark. They should be active on the free agent market, but a Bregman deal would almost certainly top the $140MM Javier Báez contract as Detroit’s biggest under Christopher Ilitch ownership.

The Red Sox appear more likely than either the Astros or Tigers to make a huge free agent splash. Boston brass continues to forecast an aggressive winter. A strike for a top starting pitcher is a clearer fit than a run at Bregman. Heyman suggests the Sox could move Rafael Devers across the diamond to first base to accommodate Bregman. That’d push Triston Casas to designated hitter and presumably force Masataka Yoshida off the roster.

The easier solution might be to leave Devers at third base for another season and deploy Bregman at the keystone. The Sox had one of the least productive second base groups in MLB this year. Bregman has barely played second base because of Altuve’s presence in Houston, but agent Scott Boras said at the GM Meetings that the star infielder was willing to slide to the right side of the infield if necessary.

Bregman declined a qualifying offer, so the Tigers and Sox would forfeit a pick if they were to sign him. Detroit would lose its third-highest pick in next year’s draft. Boston would relinquish its second-highest pick and $500K from its international bonus allotment. The Sox’s penalty is higher because they do not receive revenue sharing, while the Tigers do. Houston wouldn’t give up anything to re-sign their own free agent, though they’d pass up the chance to collect a compensation pick after the fourth round if Bregman walks.