Seidler Family Nearing Deal To Sell Padres To José E. Feliciano
The Seidler family is nearing a deal to sell the Padres to a group led by private equity billionaire José E. Feliciano and his wife Kwanza Jones, per Jared Diamond and Miriam Gottfried of the Wall Street Journal. The deal values the Padres franchise at close to $3.9 billion, which would shatter the previous record for a big league franchise in a sale. Steve Cohen’s $2.4 billion purchase of the Mets in 2020 currently stands as the record.
Dennis Lin of The Athletic reported yesterday that the sale process was nearing its conclusion, suggesting that the Seidlers could find a price upwards of $3.5 billion. Per the Wall Street Journal duo, San Diego received multiple bids valuing the franchise at more than $3.5 billion. In addition to Feliciano’s group, the three finalist bidders were groups led by Golden State Warriors owner Joe Lacob, Detroit Pistons owner Tom Gores, and Dan Friedkin, who owns the English Premier League’s Everton club.
Feliciano himself is the majority owner of the EPL’s Chelsea F.C. He’s also the co-founder of Clearlake Capital, a private equity firm with more than $90 billion of assets under management and a focus on the technology, industry and consumer sectors. Jones is the founder and CEO of Supercharged, a media company based in Santa Monica.
Padres ownership has been in a state of relative tumult since late owner Peter Seidler passed away in November of 2023. Seidler’s willingness to spend at aggressive levels well beyond prior iterations of Padres ownership ushered in a new era of baseball in San Diego — one that saw the Friars emerge as perennial contenders and major players in free agency. From 2009-14, the Padres ranked in the bottom six MLB teams in terms of payroll each season. Under Seidler’s watch, payroll soared to north of $200MM, including a record $249MM Opening Day payroll in 2023. The Friars have run a $200MM+ Opening Day payroll in four of the past five seasons.
Since Peter’s passing, there’s been infighting among his widow and siblings. Sheel Seidler, Peter’s wife, filed suit against his brothers Bob and Matt Seidler, alleging that they breached fiduciary committed fraud as successors to his trust. She accused them of selling assets to themselves at below-market prices in an effort to consolidate control of the franchise. Matt countered by accusing Sheel of “manufacturing claims” to secure control of the franchise herself. The allegations were never litigated in full; Sheel’s claims were settled outside of court earlier this year.
In the meantime, Peter’s other brother, John, was approved as the franchise’s new control person in February of 2025. John announced last November that his family had begun “a process of evaluating our future with the Padres, including a potential sale of the franchise.” In the months to follow, as many as five serious bidders emerged. The Feliciano, Lacob, Gores and Friedkin groups were the final four, it seems.
It bears emphasizing that nothing has been finalized just yet. Diamond and Gottfried report that an official announcement could come early next week, however. Even after the deal is agreed upon, Feliciano and Jones won’t immediately take over control of the club. They’ll still need to be approved by 75% of the league’s other owners at the next MLB owners meetings in June. Lin, Ken Rosenthal and Britt Ghiroli of The Athletic add that the final net amount of the deal will need to factor in the approximately $300MM of debt the franchise has accrued. Regardless, it’ll be a record-shattering agreement if the proposed agreement is pushed across the finish line next week.
Time will tell precisely what the ownership transition means for future iterations of the Padres. Eye-popping sticker price notwithstanding, there’s no guarantee that Feliciano and Jones will have the same appetite for spending as their late predecessor, Peter Seidler.
Even in the two years since Peter’s untimely passing, payroll has been scaled back to an extent. The Padres have trotted out $200MM+ Opening Day payrolls in each of the past two seasons, placing them in the top-10 of the league in both instances, but that’s a ways removed from the team’s franchise-record $249MM mark set in 2023. In each of the past two offseasons, reports have surfaced about some degree of financial limitations for president of baseball operations A.J. Preller.
San Diego has made one notable free-agent acquisition in each of those offseasons — Nick Pivetta last year, Michael King this year — but the rest of their additions have all been much smaller in scale. Even Pivetta’s four-year, $55MM contract required a creative structure that paid him only $4MM in 2025 before his salary jumped to $19MM in 2026. The final two seasons of the deal are player options, giving him the right to opt out at season’s end (though his recent injury could very well sway him to forgo that opportunity).
While there are instances of new ownership prompting a radical uptick in spending — e.g. Cohen’s purchase of the Mets and Peter Seidler’s rise from minority stake
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The Opener: Trout, Messick, Strider
Here are a few items to monitor around the league as we head into the weekend:
1. Trout homers in fourth straight game
Mike Trout had himself a series in the Bronx. He went deep in all four games against the Yankees and finished the series with a total of five home runs. The Angels outfielder is the first visiting player to homer in four straight days against the Yankees, per Sarah Langs of MLB.com. Trout’s final blast in New York was a 446-foot no-doubter to left field that extended the Angels’ lead to 7-4. He’ll look to continue the streak against knuckleballer Matt Waldron and the Padres on Friday. Here’s more on Trout’s resurgence and what it could mean for the Angels moving forward.
2. Messick loses no-hitter in ninth inning
Parker Messick was three outs away from ending the longest no-hitter drought in the league. The Guardians’ lefty walked Taylor Ward to lead off the game, then retired the next 15 Orioles. A Leody Taveras walk to begin the sixth inning would be Baltimore’s only other baserunner heading into the ninth inning. Taveras snuck a ground ball past second baseman Juan Brito in the final frame to end the no-hit bid. As Zack Meisel of The Athletic notes, Cleveland has gone a league-leading 16,408 days without a no-hitter. Len Barker‘s perfect game against the Blue Jays on May 15, 1981, was the last no-no for the club. Messick’s next chance to end the streak will be Tuesday against Houston.
3. Strider makes rehab start
Spencer Strider tossed 3 1/3 innings with High-A Rome on Thursday. He struck out three and walked two. The Braves star is working his way back from an oblique injury. Manager Walt Weiss said last week that Strider would likely have two more rehab appearances after his Thursday outing. Left-hander Martin Perez will get the ball for the Braves today. He’s back with the club after some roster maneuvering earlier in the week. The veteran is likely looking at a couple more starts in the big leagues before Strider is ready, unless the club turns to exciting young right-hander Didier Fuentes.
Photo courtesy of Brad Penner, Imagn Images
Astros To Select Peter Lambert
Right-hander Peter Lambert will start for the Astros on Friday, with Chandler Rome of The Athletic among those to relay the update. Lambert is not currently on the roster, so he’ll need to be formally added prior to the game.
It’s an early birthday present for Lambert, who turns 29 on Saturday. When he takes the ball, he’ll be making his first major league appearance for a team other than the Rockies. Lambert made 74 appearances for Colorado from 2019 to 2024, throwing 243 2/3 innings and allowing 6.28 earned runs per nine.
At the end of the 2024 season, the Rockies outrighted Lambert off their roster and he elected free agency. He then signed with the Yakult Swallows of Japan’s Nippon Professional Baseball. He gave the Swallows 116 1/3 innings over 21 starts with a 4.26 ERA. That may seem like a passable mark but NPB has been a pitcher-friendly league in recent years. Last year’s league-wide ERA was 2.97 in the Central League and 3.04 in the Pacific League, the two main leagues of NPB.
He landed a minor league deal with the Astros in November. He opted out of that deal at the end of camp but re-signed on a fresh minor league deal. He has thrown 14 2/3 Triple-A innings this year over three appearances, allowing three earned runs via 11 hits, three walks and hitting two batters while striking out 12. In that small sample, his 20.3% strikeout rate is subpar but his 5.1% walk rate and 53.7% ground ball rate are strong figures. His four-seamer has averaged 94.5 miles per hour this year and he has also thrown a sinker, cutter, slider, curveball and changeup.
The Astros have been doing a lot of improvising on their pitching staff lately. Hunter Brown and Cristian Javier both landed on the injured list due to shoulder strains. Not long after, Tatsuya Imai hit the IL due to arm fatigue, meaning Houston quickly lost three fifths of the five Opening Day rotation. That forced them to turn to contingency plans but one of those also got bit with the injury bug, as back inflammation put Cody Bolton on the IL.
There’s never a good time for a team to lose four starters but the timing was especially unfortunate in this case as the Astros began a stretch of 13 straight games last Friday. Imai started the first game but lasted just a third of an inning, forcing J.P. France and others to soak up the rest. Lance McCullers Jr. and Mike Burrows are still around from the season-opening group. McCullers took the ball on Saturday and Burrows on Sunday. Bolton went on Monday but lasted just one inning. Colton Gordon was recalled this week and started on Tuesday, giving the club 3 2/3 innings. Spencer Arrighetti was recalled to start Wednesday and went six.
Just now in Thursday’s contest, they effectively did a bullpen game. Ryan Weiss, who had been pitching in long relief, started and went 3 2/3. Christian Roa then absorbed 1 1/3, followed by two frames each from AJ Blubaugh and Kai-Wei Teng.
The Astros still have six more games to get through before their next off-day. Lambert will take the ball tomorrow, followed by McCullers and Burrows. Houston could then perhaps go back to Gordon and Arrighetti in the next two. The final game could again be Lambert, though he is out of options. Depending on how things go tomorrow, it’s possible he may need to be bumped off the roster for a fresh arm. In that case, perhaps another bullpen game headlined by Weiss would be the move, depending on who gets used in the interim.
For tomorrow, as mentioned, corresponding moves will be required to get Lambert onto the roster. The Astros have several guys on the IL and perhaps one of them could be moved to the 60-day IL to open up a 40-man spot if the Astros don’t expect them back anytime soon. The list of pitchers currently on the 15-day IL includes Brown, Javier, Imai and Bolton but also Josh Hader, Nate Pearson and Bennett Sousa. If the club doesn’t want to lock any of those guys into a lengthy IL stint, someone else would have to be bumped off the 40-man. In terms of opening an active roster spot, most of their guys can be optioned, with McCullers, Bryan Abreu, Enyel De Los Santos and Steven Okert the only exceptions.
Photo courtesy of Sam Navarro, Imagn Images
Braves Re-Sign Luke Williams To Minor League Deal
The Braves have re-signed Luke Williams to a minor league deal, according to his transactions tracker at MLB.com. He has been assigned to Triple-A Gwinnett and entered tonight’s game as a pinch runner.
It’s an unsurprising development. Williams is clearly liked by the club as a depth piece but he is out of options, leading to frequent transactions. Williams was added to the roster a few days ago while Michael Harris II went on the paternity list. When Harris came back a few days later, Williams was designated for assignment, cleared waivers and elected free agency. It’s a familiar cycle for him. He was claimed off waivers in the summer of 2023 and, since then, this is the third time he has become a free agency and then quickly re-signed.
Williams hasn’t hit in the majors, with a .212/.272/.280 line in 350 plate appearances. But he provides defensive versatility, with experience at every position on the diamond except catcher. He can also steals some bases, swiping 25 bags in 31 attempts in his big league career.
Atlanta doesn’t have a ton of optionable position player depth on the roster. The only guy on the 40-man who isn’t already in the majors or on the injured list is Nacho Alvarez Jr., who has a .182/.325/.212 line in Triple-A so far this year. If someone on the active roster suffers an injury, Williams will be a candidate to rejoin the big league club.
Photo courtesy of Brett Davis, Imagn Images
Kolby Allard Elects Free Agency
Left-hander Kolby Allard has elected free agency after being sent outright to Triple-A Columbus, according to his transactions tracker at MLB.com. That indicates he cleared waivers after being designated for assignment earlier this week.
Players have the right to reject outright assignments if they have a previous career outright or at least three years of service time. Allard qualifies on both counts and has exercised his right to head to the open market.
He is free to explore options with other clubs but the most likely outcome is that he re-signs with the Guards on a new minor league deal in the coming days. It’s common for players to return to their former clubs in these instances and that’s especially true with Allard specifically. He has been bouncing on and off the Cleveland roster for the better part of a year now, since he is out of options.
He signed a minor league deal with the club in February of 2025. He was added to the roster in April. In July, he was designated for assignment, elected free agency, re-signed to a new minor league deal and was back on the roster in less than a week. He was outrighted again at season’s end, then signed a new minor league deal ahead of this year’s spring training. He was added to the roster in late March and lasted on the roster for a couple of weeks before Monday’s DFA.
The transactions are probably not pleasant but Allard is presumably happy to get some major league pay and service time. The Guards, meanwhile, get some extra depth by keeping the relationship with Allard going.
Last year’s results were excellent, in that he tossed 65 innings as a swingman, allowing 2.63 earned runs per nine. That kind of run prevention wasn’t sustainable when he was only striking out 15.8% of batters faced, which is why he cleared waivers multiple times. This year’s results have been far worse, in a much smaller sample. He logged 8 2/3 innings over four appearances, allowing ten earned runs.
Perhaps news of a new deal with the Guards will emerge in the coming days, though there are several other clubs dealing with injuries, so the possibility of him signing elsewhere can’t be entirely ruled out.
Photo courtesy of Gary A. Vasquez, Imagn Images
Mark Canha Released From Rangers Deal
9:41pm: Canha has now been granted his release, per Grant.
8:45pm: Veteran first baseman/outfielder Mark Canha has asked to be released from his minor league deal with the Rangers, reports Jon Heyman of The New York Post. Canha is hoping to pursue big league deals with other clubs.
Canha, 37, signed a minor league deal with the Rangers in February. He had a solid spring, slashing .286/.318/.500, but didn’t break camp with the club. The Rangers effectively had a battle for their final roster spot between Canha and Andrew McCutchen, but the latter won out.
Canha had an opt-out in his deal at the end of spring training and could have returned to free agency at that point, but he and the Rangers agreed to an arrangement that worked for both of them. As reported by Evan Grant of the Dallas Morning News at the end of March, Canha preferred not to go on the road with a minor league club. He agreed to stay with the Rangers in extended spring training in Surprise, Arizona. Since his full-time home is in nearby Scottsdale, he could stay with his family while maintaining game readiness by facing minor leaguers.
That allowed the club to hold onto some veteran depth in case an injury popped up, but it hasn’t. Almost three weeks have passed since that arrangement was made and, in the interim, the Rangers have been fortunate in terms of health on the position player side. Cody Freeman has been on the injured list all year due to a lower back fracture suffered back in February. No other position player has joined him on the IL since the season began.
Despite the health, there are some gaps in the performance. McCutchen isn’t out to a great start, working primarily as the short side of a designated hitter platoon with Joc Pederson, in addition to occasional outfield work. It’s a small sample of 28 plate appearances but he has struck out 12 times, a 42.9% clip, while his one walk is a 3.6% pace. His .222/.250/.407 line translates to an 84 wRC+.
Theoretically, Canha could be subbed in for McCutchen in that role, since he is also a veteran righty bat. But whether Canha can provide more than McCutchen is a fair question. With the Royals last year, Canha slashed .212/.272/.265, production which translated to a 49 wRC+. He was released in August and didn’t sign anywhere else in the final few weeks of the season. As mentioned, he had a decent spring but it’s hard to say what form he is in now since he hasn’t been playing in official game action.
If the Rangers grant Canha his release, it’s hard to see him landing an immediate major league offer, based on his most recent big league action and the fact that he hasn’t been playing in official games for a few weeks. He would almost certainly receive some minor league offers but it’s unclear if his appetite for riding the bus has increased in the past few weeks.
Photo courtesy of Matt Kartozian, Imagn Images
Padres’ Sale Nearing Conclusion
The Seidler family’s sale of the Padres franchise is nearing a conclusion, reports Dennis Lin of The Athletic. Four finalist groups of bidders remain in the mix, and the sale price could approach a record $3.5 billion, per the report.
A sale of the franchise has been in the works since November. At the time, chairman John Seidler announced that his family had “decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise.” As of February, five bidding groups were in the mix. That’s down to four, with Lin listing a quartet of groups led by Detroit Pistons owner Tom Gores, Golden State Warriors owner Joe Lacob, and a pair of English Premier League owners: José E. Feliciano (Chelsea) and Dan Friedkin (Everton). The identities of all four lead investors in those bidding groups were already known, but it’s notable that there are still four strong bidders with existing interests in professional sports teams.
Padres ownership has been in a tumultuous state for more than two years now. Late owner Peter Seidler, who had an aggressive willingness to spend, passed away in November of 2023. His brother, John, was eventually approved by the league’s other owners as the team’s new control person, but not before some legal in-fighting among the family.
Peter’s widow, Sheel Seidler, sued two of her brothers-in-law, Matt and Bob Seidler, alleging that they had breached fiduciary duty and committed fraud as successors of their late brother’s trust. Sheel Seidler accused Matt and Bob of selling assets to themselves at “far” below-market prices as they attempted to consolidate control of the franchise. Matt vehemently denied the allegations in a formal statement, wherein he accused Sheel of “manufacturing claims” against other trustees in an effort to secure control of the franchise herself. Sheel Seidler’s suit was largely settled outside of court back in February, paving the way for the family to accelerate efforts to sell the team.
Anything north of $2.4 billion would set a new record for the largest sale of a franchise in MLB history. Steve Cohen’s $2.4 billion purchase of the Mets from the Wilpon family back in 2020 currently stands as the all-time record. Forbes ($1.9 billion) and Sportico ($2.3 billion) have pegged the Padres’ estimated franchise value considerably south of the $3.5 billion sum referenced by Lin, though the San Diego Union-Tribune reported back in February that the Seidler family was likely to seek a price far greater than those valuations in order to sell the club.
Padres Option Sung-Mun Song
The Padres announced that infielder Sung-Mun Song has been reinstated from the 10-day injured list and optioned to Triple-A El Paso. He began the season on the IL due to a right oblique strain and had remained there until this transaction.
Song, 29, spent most of the past decade as a regular in the KBO League in South Korea. He was posted for MLB clubs in the offseason and landed with the Padres, securing a $15MM guarantee on a four-year deal.
It’s unusual for players signed to eight-figure, multi-year free agent deals to be optioned to the minors, but there are some unique circumstances at play here. Most players who sign such deals are MLB veterans who reached free agency by getting to six years of service time. Such players can’t be optioned to the minors without their consent. Players coming over from leagues in other countries will sometimes have language in their contracts giving them the same ability to veto minor league assignments. In this case, it appears that Song doesn’t have such protection.
It’s also possible the Padres want Song to get regular reps in the minors, as opposed to being in a part-time role in the big leagues. He suffered his oblique injury way back in January, before spring training games even began. He did eventually get into eight Cactus League contests but then the oblique issue flared up again, leading to his IL stint. He began a rehab assignment shortly after Opening Day, on March 27th. Rehab assignments for position players come with a 20-day maximum, so the Friars had to make a decision on him.
Adding Song would have likely meant designating someone for assignment. Of their 13 position players, the only three with options are Jackson Merrill, Freddy Fermin and Gavin Sheets. Those three are all regular parts of the lineup and wouldn’t be candidates for a stint in the minors. A bench player like Bryce Johnson, Ty France or Nick Castellanos would need the DFA treatment to squeeze in Song.
The Friars could have gone that route, especially with Castellanos and Johnson struggling, but Song hasn’t exactly been forcing the issue. He has been drawing walks on his rehab assignment but hasn’t been hitting the ball with authority. Of his 16 hits, only two of them have been for extra bases, both doubles. His .276/.364/.310 slash line translates to a 78 wRC+ in the hitter-friendly environment of the Pacific Coast League. He hit 26 homers in the KBO last year and 19 the year prior, so he should be capable of more than that.
There’s also the fact that the Padres are expanding Song’s versatility. In the KBO, he played the three non-shortstop positions. The Friars are getting him some action at second, third and shortstop. They had also considered him for some outfield work, though they put that plan on ice while Song was dealing with the oblique injury and he hasn’t yet played any outfield for El Paso.
Even if the Padres made space for Song in the big leagues, he wouldn’t find a ton of playing time behind the regular infield of third baseman Manny Machado, shortstop Xander Bogaerts and second baseman Jake Cronenworth, especially since they seem willing to play Fernando Tatis Jr. at second base from time to time.
Add it all up and there’s logic to the decision. Song can get regular playing time for El Paso, which will hopefully wake up his bat while also getting him more exposure to shortstop. Perhaps they will revisit the idea of the outfield experiment. The big league club, meanwhile, can hang onto everyone currently on the roster.
One thing that isn’t at play is service time manipulation. Most contracts for players coming from Japan or South Korea contain language making it clear that the player will be a free agent when the contract expires, regardless of major league service time. That is indeed the case for Song’s deal with the Padres, per Ronald Blum of The Associated Press.
Photo courtesy of Rick Scuteri, Imagn Images
Orioles Recall Cameron Foster For MLB Debut
The Orioles announced that right-hander Cameron Foster has been recalled from Triple-A Norfolk. He’ll be making his major league debut as soon as he gets into a game. Catcher Maverick Handley was optioned to Norfolk in the corresponding active roster move.
It’s a bit unusual for a pitcher to be swapped in for a position player. 26-man rosters have a 13-pitcher limit and teams are almost always at that maximum. The O’s briefly went to a split of 14 position players and 12 hurlers yesterday when they selected catcher Sam Huff, with lefty Nick Raquet optioned out. This move gets them back to an even 13-13 split, with Huff sticking around to form the catching duo with Samuel Basallo while Adley Rutschman is on the injured list.
The move to get back to a full eight-man bullpen gets Foster, 27, up to the big leagues for the first time. The O’s acquired him from the Mets at last year’s deadline in the trade that sent Gregory Soto to Queens. The O’s then added him to their 40-man roster in November to keep him out of the Rule 5 draft. He came into big league camp in spring training but was optioned to Norfolk in March.
A 14th-round pick of the Mets in 2022, he mostly worked as a starter in 2023 and for parts of 2024 as well. 2025 was the first full season where he was focused on relief work. He pitched 46 1/3 innings on the year between the two clubs, and also split between Double-A and Triple-A. He had a combined 3.11 earned run average. He struck out 32.6% of batters faced, a huge mark, while his 8.4% walk rate was around league average.
He featured five different pitches at the Triple-A level last year, per Statcast. His four-seamer and sinker averaged in the mid-90s, while he mixed in a cutter, slider and curveball. So far this year, he has thrown six Triple-A innings. The seven earned runs give him an unsightly 10.50 ERA but his three home runs allowed might have tilted that number in a small sample. He has eight strikeouts to one walk, which is encouraging.
As mentioned, the O’s were playing with a seven-man bullpen yesterday. They used five of those relievers in their 10-inning loss to the Diamondbacks. The only two who didn’t pitch were Rico Garcia and Albert Suárez. Garcia had pitched the two prior games on Monday and Tuesday. Suárez is the long man and threw 40 pitches on Monday.
In short, they needed a fresh arm, so Foster may have a decent chance of making his first big league appearance tonight. Since this is his first season on the 40-man, he has a full slate of options and could be shuffled between Norfolk and Baltimore a few times this year.
Photo courtesy of Morgan Tencza, Imagn Images