The former American League MVP is coming off of an outstanding season in which he hit .285 with 43 home runs and 128 RBI.
Hamilton is looking to sign a mega-deal this winter, but some teams would prefer to only sign him for the short term. This could lead to an interesting set of contract negotiations during the winter.
Whoever is willing to give Hamilton the most years could end up being the team that signs him.
Following their blockbuster trade with the Los Angeles Dodgers in the middle of last season, the Boston Red Sox have a spot in their outfield and a lot of cash to spend.
It thus makes sense that the Red Sox would have some interest in Josh Hamilton. However, Rob Bradford of WEEI.com has reported that the Red Sox's interest in Hamilton is not as prevalent as others have made it out to be.
Chances: Five percent
Even though the Milwaukee Brewers have a full outfield for 2013 with Ryan Braun, Norichika Aoki and Carlos Gomez, there is a chance that they go after Josh Hamilton. Brewers GM Doug Melvin has stated that the Brewers are a long shot to land Hamilton (h/t Jon Heyman of CBS Sports).
Considering Hamilton's cost and the fact that the Brewers already have three solid starting outfielders, it just doesn't seem like he will end up landing in Milwaukee.
Chances: Five percent
The Atlanta Braves are going to be looking for a way to replace Michael Bourn in their starting lineup. There are a number of options on the free-agent market and Josh Hamilton is one of them.
Danny Knobler of CBS Sports has noted that Atlanta has discussed Hamilton, but that he does not think that they will sign him. One issue for the Braves is that Hamilton is yet another lefty that would join their lineup, making it even more unbalanced.
Chances: Seven percent
While the Seattle Mariners were linked to Josh Hamilton earlier this winter, Mariners GM Jack Zduriencik has shot down those rumors and mentioned that team would not likely be in on Hamilton (h/t Greg Johns of MLB.com).
Hamilton fits in with the type of players that the Mariners are going to bring in, but his price tag will likely be too high for Seattle.
Chances: Eight percent
Following the Washington Nationals' finish with the best record in baseball in 2012, the team is looking for ways to become World Series champions in 2013. Signing one of the big-name free agents could get them there.
According to Ken Rosenthal of FOX Sports, the Nationals are a possible destination for Josh Hamilton. With Hamilton in the Nationals lineup, it could very well be the best in the National League.
Chances: 15 percent
The Philadelphia Phillies are looking for a center fielder this winter and according to Ken Rosenthal of FOX Sports, their preference is to sign B.J. Upton. That does not mean that they won't consider other options.
Josh Hamilton will be more expensive than Upton, but Buster Olney of ESPN has said that the Phillies are not concerned with the average annual value of a possible deal. If Hamilton drops his requested number of years, then he could be playing in a Phillies uniform next year.
Chances: 15 percent
Following their surprising 2012 season, the Baltimore Orioles are looking to build on their success and continue to contend in the very competitive American League East.
Jon Paul Morosi of FOX Sports has noted that the Orioles are interested in going after Josh Hamilton this winter. It is possible that after the blockbuster trade that the Toronto Blue Jays pulled off that the Orioles' interest in Hamilton grew.
If the Orioles sign Hamilton, then they will have added the big power bat to their lineup that they could certainly use.
Chances: 20 percent
Josh Hamilton has been able to find an incredible amount of success with the Texas Rangers. They have helped him work through all of his injuries and issues and there is a certain connection between the two sides as a result.
At the moment, the Rangers have not offered Hamilton a contract. However, the Rangers will make Hamilton an offer once he gets one from another team (h/t Jeff Wilson of the Fort Worth Star-Telegram).
This is a smart move by the Rangers because it ensures that they are not bidding against themselves. If they match the best offer that Hamilton gets, then he should remain in Texas.
Chances: 25 percent