4:57pm: A deal is “not thought to be close” right now, Rosenthal adds on Twitter, though the fact that players have been asked about their no-trade clauses still seems to indicate it’s a serious possibility.

Interestingly, the Mariners have also approached Leake with other possible destinations, Joel Sherman of the New York Post tweets. Whether alternative deals are lined up with other organizations is not known.

4:46pm: The Padres and Mariners have been talking about a fascinating potential trade scenario involving some large contracts, according to Ken Rosenthal of The Athletic (via Twitter). There’s no indication at this point of the likelihood of a deal being consummated, but it seems the sides may at least in part be waiting on word of whether a player involved would waive his no-trade rights.

Per Rosenthal, the possible deal is built around three major league players. Whether there’s more involved isn’t apparent, but at base, the M’s would receive slugger Wil Myers while sending shortstop Jean Segura and righty Mike Leake to San Diego. Notably, though, Leake has a no-trade clause and is said to be considering his options. Segura does as well, though there’s no indication about his status.

It’s never easy to tell whether a potential deal might move across the line. In this case, though, it’s quite notable that the players have evidently been contacted. That surely would not happen if the teams were not serious.

Needless to say, the money is a notable factor in this scenario. Myers is owed a total of $64MM over the next four seasons, which includes a buyout on a 2023 option. Segura is set to earn $57MM on a contract built on the same timeline (four remaining years plus an option). Leake, meanwhile, is still due another $36MM for the next two seasons, including a buyout on a mutual option, though the Cardinals are paying $9MM of that amount.

Without any further tweaking, then, a straight swap would see the Padres take on approximately $20MM. They’d also be moving on from a player who really does not seem to fit the roster while adding a quality shortstop — a position of need — and an innings-eating starter. It seems like a nice opportunity for the Friars, though of course it’s still also possible that they’d be chipping in some other assets.

For the Seattle club, this would be yet another move designed to reposition the roster. Shedding some salary obligations would certainly be welcome, and it’s possible the M’s are believers in Myers as a hitter. He’d make good sense in the first base/corner outfield/DH mix. There have also been some questions about Segura’s fit in Seattle after clubhouse dust-up last season.

One broad takeaway here, from the Padres’ vantage point, is that the team is very clearly taking an aggressive approach at trying to retool its 40-man roster. Beyond large-scale moves like the one being discussed with the Mariners, San Diego has also been shopping right-hander Rowan Wick in advance of tonight’s Rule 5 protection deadline, per Rosenthal (Twitter link).

Meanwhile, Rosenthal and colleague Dennis Lin suggest that the Friars could sell the rights to third baseman Christian Villanueva to an interested, but unspecified team in Japan’s Nippon Professional Baseball (Twitter link). That’d only further the team’s need for a third baseman, but it’s becoming increasingly clear that that’s an area of acute importance to the San Diego front office. As for Villanueva, he’d surely stand to earn more in Japan than he’d make as a pre-arbitration player in 2019.