The 2026 Cy Young award races are heating up, with Tarik Skubal and Paul Skenes leading as favorites in the AL and NL, respectively. Notable trades have occurred, including MacKenzie Gore moving to the Rangers, dropping his odds from +2000 to +4000, and Freddy Peralta joining the Mets at +3000. Framber Valdez remains the last major free-agent pitcher yet to sign, likely impacting future odds. Current odds reflect these developments, highlighting the competitive landscape for the upcoming season.
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2026 Cy Young Odds: Peralta Joins Mets
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