Five of the World Series champion Minnesota Twins are not being offered new contracts.

They are: Don Baylor, who made $749,618 last year; Dan Schatzeder, who made $425,000; Sal Butera, who made $137,500; Steve Carlton and Mike Smithson.

In other news, pitcher Mike Witt re-signed with the California Angels yesterday. He is guaranteed $2.8 million over two years and can earn $200,000 a year in bonuses. He said the Oakland Athletics and New York Yankees offered comparable deals but that he feels "a certain amount of loyalty" to the Angels.

The Yankees traded pitcher Steve Trout and outfielder Henry Cotto to the Seattle Mariners for pitchers Lee Guetterman, Clay Parker and Wade Taylor. Guetterman, a left-hander, and Parker were added to the Yankees' 40-man roster. Taylor was assigned to Fort Lauderdale of the Florida State League.

Others who became free agents Monday because they weren't offered contracts: Reggie Jackson ($536,838 last year), Bill Caudill, Tony Bernazard, Tony Phillips and Rick Rodriguez of the Athletics; Steve Balboni of the Kansas City Royals; Mike Easler and Ron Kittle of the Yankees; Bob Forsch and Bill Dawley of the Cardinals; Darrell Porter and Greg Harris of the Rangers; Glenn Hubbard of the Braves; Buddy Biancalana of the Astros; Ron Washington of the Orioles; Stu Cliburn of the Angels; Jay Baller of the Cubs, and Glenn Hoffman of the Dodgers.

Just because they weren't offered contracts doesn't mean they won't return to their teams. They may sign with any team at whatever salary they can get. Had their 1987 teams offered contracts, stipulated salaries couldn't be cut by more than 20 percent. Some of the teams obviously hope to get some of their players back at greatly reduced salaries and have gone so far as to invite them to spring training.

At a higher level, those players who became free agents by refusing to sign with their previous teams are finding fewer offers than they had hoped. An agent who represents pitchers Jack Morris and Charlie Leibrandt said yesterday that the free-agent market doesn't look good.

"The evidence up to this point is that it has not opened for the top-ranked players," agent Dick Moss said. "It's been very controlled where it has been opened. It seems every club knows what every other club is doing."

Of the 76 free agents who rejected contracts offered by their previous teams, only five have switched teams. Brett Butler left Cleveland for San Francisco, Chili Davis left the San Francisco Giants for the California Angels, Mike Davis left Oakland for Los Angeles, Vance Law left Montreal for the Chicago Cubs and David Palmer left Atlanta for Philadelphia.