My back-of-the-crayon calcs, including 2026, is $169M for Adames, $125M for Chapman, less about $86M for Story + Yoshida, netting to $208M. If one were to normalize Adames as a 4 WAR player this year, Chapman as a 2.8, and reducing their WAR by 0.3/year, we would net 30.5 WAR for the $208M, which is fair.
If one were to go with an annual reduction of 0.4/year, that reduces their contractual WAR to 28. And I'd be okay with that as well. The biggest issue would be their normalized WAR. If it is not 4.0 and 2.8, that reduces the value even more. But Adames is only 30, so I am okay there, and Chapman gets a fair amount of value from his glove, so that should be okay.
I'd also throw in an analysis of their past four year. Adames has averaged .753 OPS (108+) with very little variance. Chapman has a .768 (117+) with almost no variance. Both drop-offs are extreme outliers.
Bottom line-These two fit perfectly and we have a lot of payroll coming off the books. I'd make this move and not have to think very hard about it.