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« Freddy Garcia Rumors: Monday | Main | Odds and Ends: Kielty, Ellis, Bonds, Poreda »
Padres To Slash Payroll In '09?
Tom Krasovic of the San Diego Union-Tribune writes of a rumor that the Padres might slash payroll from this year's $73.6MM way down to $40MM. The Padres reportedly explained this scenario to Brian Giles in an attempt to get him to accept a trade to Boston last week. Krasovic heard about the pitch via Giles' teammates, but wasn't able to draw any comments from GM Kevin Towers. Scott Miller believes owner John Moores' divorce is a factor.
The Padres don't have any large contracts on the books for '09; Giles would be their most expensive player at $9MM unless they choose his $3MM buyout. After that it's Jake Peavy at $8MM, Khalil Greene at $6.5MM, Chris Young at $4.5MM, and Adrian Gonzalez at $3MM. By my count they have six arbitration-eligible players, including Josh Bard, Heath Bell, Scott Hairston, and Jody Gerut. The Padres could retain Giles and still be under $45MM, though that'd leave no money for free agents.
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Khalil Greene is a possible trade candidate to an East Coast team, right?
Buy low time for the O's!
Posted by: Orioles13 | August 11, 2008 at 10:52 AM
I think Jays also had some interest a while ago. Buying low, this is probably as low as you can get.
Posted by: juiced | August 11, 2008 at 11:37 AM
some pretty bad news for Padre fans
Posted by: UConnHuskies | August 11, 2008 at 12:00 PM
Its good to see actually. We needed to rebuild, there is no doubt about that. Peavy is safe, the rest could be traded. This gives us a chance to see how the young guys can play, though me might have to rush some up the system...
In addition it could not come at a better time, since next year is the first year that the Yankees will not be paying the massive amount of revenue sharing they have been, thanks to their new stadium. So cutting payroll next year is not that bad a thing, as long as we make sure to give the young guys a chance, and not make rash decisions with them, or rush to judgment with them.
Posted by: AirmanSD | August 11, 2008 at 12:28 PM
I would be pissed If I were a Padres fan. Didn't they push the statdium as a revenue stream which would enable them to be more agressive in the free agent market?
Well, it looks like the Padres pulled the wool over the city San Diego's eyes.
Everbody raves about Kevin Towers, but has failed to produce a steady stream of minors league talent that contributes to their bigs club.
Posted by: coolpapabell | August 11, 2008 at 12:54 PM
Slashing payroll because our owner doesn't want to give his ex-wife more cash is NOT good to see. You have two cornerstone players in Peavy and Adrian Gonzalez who are in their primes. Do we expect them to just struggle on a crappy team? And while I'm at it, let me say that Petco is an overpriced, snooty venue. The fans only cheer when the jumbotron tells them to or the ball goes over the fence. There is no passion in San Diego baseball and I don't see our management caring enough to do anything about it. What a shame.
Posted by: istravin | August 11, 2008 at 01:01 PM
Here is the deal with the Padres.
John Moores is one of the worst owners in baseball.
He spent money in 98 and again in the opening season of the ball park in order to gain support.
His real goal in all this was to develop the property surrounding the ballpark with his development company. The team was just the method of doing so. He is the greediest man in baseball.
Towers has had to work under the worst possible conditions for any general manager. I'm talking low budget, no star power, and to stay competitive he has done a great job. He is one of the best GMs in baseball.
Also the city of San Diego is not a baseball city. They are a group of mostly yuppies who take in an occasional game because it is the thing to do. The real san diego fans are there year in and year out and don't get the team they deserve.
Bruce Bochy was a great manager and never talked badly about the employers that gave him a tough time.
My guess is the Sandy Alderson was brought in for one reason only. To cut costs in what will be a probable sale of the Padres in the next 2 years. He is giving towers even less room to operate and will soon have the payroll down to 40 million a year. There will certainly be a buyer in the market with that low of a salary and a new ballpark available.
Posted by: BobUecker | August 11, 2008 at 02:11 PM
New Ballpark? Didn't they just get PETCO.
Posted by: Ms4life | August 11, 2008 at 02:31 PM
he meant new ballpark as in the padres already have a new ballpark so a new owner wouldn't have to try and petition for a new ballpark. i hope they sell the team. i would so stoked to have an above average payroll. but on the brighter side we have zero bad conracts on the team. our highest contract will be under the 8 figure mark? how many teams can say that? marlins? rays?
Posted by: UCSDPadsFan | August 11, 2008 at 03:21 PM
A new owner would be nice. But we will have to wait until his divorce is final for that. But this is a mute point since the club is worth an estimated 347 million dollars according to Forbes, which means of course is wife is allowed half of that amount at least. So this a two fold problem, since one he wants to lower the value of the club, and at the same time save money in which is going to have to give up, unless he wants to split ownership with his ex-wife. All of this cause California law regarding marriage properties.
But like I said before, this is not a bad year to cut payroll, since we will lose the revenue sharing of the yanks anyways. But it doesn't make it any easier to watch.
Posted by: AirmanSD | August 11, 2008 at 04:02 PM
If the padres need to slash payroll the cubs should take peavy off their hands
Posted by: cubs4ever39 | January 25, 2009 at 11:07 PM