With the (transaction-filled) winter meetings complete, it's time to check in on how teams have done so far this offseason. Below, each team received a letter grade, with explanation. There's plenty of action left to happen, of course, but with the number of moves already made, it's time for a "mid-offseason" progress report.

AL East

Baltimore Orioles -- Grade: D

The Orioles have made no signings or trades this offseason. They weren't willing to go four years on Nelson Cruz and were concerned enough about Nick Markakis' neck situation that they let both players go via free agency. The Orioles have been working hard to replace at least one of them -- they have been in contact with the Phillies on Marlon Byrd and with free agent Michael Morse -- but so far have fallen short. For a team that was just in the ALCS, it has been a disappointing offseason.

Boston Red Sox -- Grade: B

The Red Sox flubbed the Jon Lester situation, losing him to the Cubs. However, they have solved third base with one of the game's best postseason performers in Pablo Sandoval and added an impact middle-of-the-order bat in Hanley Ramirez.