It's been a busy few days since the last edition of these power rankings came out.
Nick Swisher, Raul Ibanez, Cody Ross and Francisco Liriano all found new homes as free agents, and the Pirates dealt closer Joel Hanrahan to the Boston Red Sox in a six-player deal.
The resulting moves didn't exactly shake up the top of the rankings, but there was enough shuffling to justify an updated look at the offseason rankings.
Here is where every team stands with the new year just around the corner as we move ever closer to pitchers and catchers reporting to spring training.
*Note: Rosters taken from MLBDepthCharts.com.