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Eight Teams Combine For Record $209.8MM In Luxury Tax Bills

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Major League Baseball has finalized the luxury tax calculations for the 2023 season, and the eight teams over the Competitive Balance Tax threshold will combine for a total bill of $209.8MM, Ronald Blum of the Associated Press reports.  Both the total number of tax-paying teams and the total sum are new records, surpassing the previous highs of six teams (in 2016 and 2022) and $78.5MM (in 2022).

Here is what each of the eight teams owes for surpassing at least the $233MM base CBT threshold….

  • Mets: $100,781,932
  • Padres: $39.7MM
  • Yankees: $32.4MM
  • Dodgers: $19.4MM
  • Phillies: $6.98MM
  • Blue Jays: $5.5MM
  • Braves: $3.2MM
  • Rangers: $1.8MM

As a reminder of how the luxury tax operates, the CBT figures are determined by the average annual value of salaries for players on the 40-man roster.  A player earning $20MM over two seasons, for example, has a CBT number of $10MM, even if the player might earn $8MM in the first year of the contract and $12MM in the second year.  Deferred money in a contract can reduce a luxury tax number to some extent — most famously, Shohei Ohtani’s $700MM deal with the Dodgers contains $680MM in deferred money, so his CBT hit will be roughly $46MM per season instead of $70MM.

A team is considered a “first-time payor” if they haven’t spent above the CBT threshold in the previous season.  A first-time payor would owe a 20% surcharge on any dollar spent between $233MM and $253MM, 32% of anything between $253MM and $273MM, 62.5% on anything between $273MM and $293MM, and then 80% of overages for anything beyond $293MM.  These percentages rise if a team is a tax payor for two consecutive seasons, and then even further if a team exceeds the CBT line in three or more consecutive seasons.  This year’s CBT class featured three first-time payors (Texas, Atlanta, Toronto), three two-time payors (Philadelphia, both New York teams) and two three-time payors (San Diego, Los Angeles).

The $293MM threshold was instituted in the last Collective Bargaining Agreement as a fourth penalty tier, and it is unofficially known as the “Steve Cohen Tax” in a reference to the Mets owner’s penchant for big spending.  Even though New York has only topped the CBT whatsoever in 2022 and 2023, it isn’t surprising that Cohen’s team set new standards for tax payouts.  The Mets’ tax payroll of $374.7MM and approximate $100.78MM tax bill far exceeded the 2015 Dodgers’ previous records of $291.1MM and $43.6MM, respectively.

This bill would’ve been even higher if the Mets hadn’t unexpectedly struggled, and unloaded some expensive contracts at the trade deadline in order to save some money and reload with an eye towards probably 2025 as a more clear-cut return to contention.  Blum also notes that the Mets received a $2,126,471 tax credit related to a CBA provision, which slightly reduced their bill further.

As always, the actual financial cost of exceeding the tax is perhaps the least-important part of the penalties, especially for teams who barely across the first threshold.  Teams who exceed the CBT line would face further punishment in regards to free agents who reject qualifying offers, whether that translates to additional compensation required to sign a QO-rejecting player, or lesser compensation received if a team’s own qualified free agent signs elsewhere.  For instance, signing Ohtani cost the Dodgers not just $700MM, but also $1MM in international draft pool money and their second- and fifth-highest picks in the 2024 draft.  For a team like the Padres, should Blake Snell or Josh Hader sign elsewhere, San Diego’s compensatory draft selection wouldn’t come until after the fourth round of the 2024 draft.

Spending on talent is more often than not a recipe for success on the field, though obviously hardly a guarantee.  The Mets had a losing record, and the Padres and Yankees each squeaked over the .500 mark with 82-80 records.  The other five tax payors reached the playoffs, though the Phillies and the World Series champion Rangers were the only members of that group of five to win at least one postseason series.

The $209.8MM in tax revenues will be split up in three ways by the league.  The first $3.5MM is devoted to funding player benefits, $103.15MM will go towards funding individual player retirement accounts, and the other $103.15MM will be put into a supplemental commissioner’s discretionary fund and distributed amongst revenue-sharing recipient teams who have grown their (non-media) local revenue over a pre-determined number of years.

Padres To Hire Victor Rodriguez As Hitting Coach

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The Padres are hiring Victor Rodriguez as hitting coach, according to a report from independent journalist Francys Romero.

Rodriguez, 61, had a 19 year professional career as an infielder that included two brief cups of coffee at the major league level; one in 1984 at the age of 22 with the Orioles, and one in 1987 as a 27-year-old with the Twins. While he received just 28 plate appearances at the big league level, he hit quite well in those limited opportunities with a career .429/.429/.607 slash line in the majors. Rodriguez retired from professional play in 1995 and began coaching at the minor league level the following season.

After more than three decades in the minor leagues as a player and a coach, Rodriguez joined the Red Sox coaching staff as an assistant hitting coach in 2013. After winning the World Series with Boston in his first year on the job, Rodriguez spent four more seasons with the Red Sox in that same role before departing for Cleveland following the 2018 season to replace current Royals manager Matt Quatraro as the club’s assistant hitting coach. Rodriguez has been in Cleveland ever since, but after six years he’ll now depart the Guardians for San Diego. Rodriguez will join the coaching staff of new Padres manager Mike Shildt, who took the role last month after former manager Bob Melvin was allowed to depart to take a managerial gig in San Francisco.

Little has been made public about Shildt’s coaching staff since. Bench coach Ryan Flaherty has since departed to join Craig Counsell’s coaching staff on the north side of Chicago, while pitching coach Ruben Niebla and bullpen coach Ben Fritz are expected to remain in San Diego. Martinez serves as something of a replacement for Flaherty, who served as the club’s offensive coordinator in addition to his duties as bench coach last year. Per Jeff Sanders of the San Diego Union Tribune, Martinez will be joined on the hitting staff by assistant hitting coaches Oscar Bernard and Scott Coolbaugh, both of whom are expected to return to San Diego under Shildt in 2024 alongside Niebla and Fritz. Presumably, the remainder of Shildt’s coaching staff, including the bench coach role, will come into focus over the coming weeks as the Padres gear up for Spring Training two months from now.

Padres Claim Luis Patiño

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The Padres announced Friday that they’ve claimed right-hander Luis Patiño off waivers from the White Sox, who’d designated him for assignment earlier in the week. It’s a homecoming for Patiño, a former top prospect who was originally signed and developed by the Padres. Their 40-man roster is now up to 33 players.

Now 24 years old, Patiño was traded from San Diego to Tampa Bay alongside catcher Francisco Mejia, minor league catcher Blake Hunt and minor league righty Cole Wilcox in the 2020 trade that brought eventual two-time Cy Young winner Blake Snell to the Padres. At the time of the swap, Patiño was regarded as one of the sport’s very best pitching prospects; he’d scuffled through 17 1/3 innings in his initial call to the Majors the prior season (5.19 ERA, 21-to-14 K/BB ratio), but that debut came at just 20 years of age. Entering the 2020 campaign, each of Baseball America, MLB.com, Baseball Prospectus, FanGraphs, ESPN and The Athletic had ranked among the top 30 prospects in all of MLB.

As is made clear by the manner in which he’s returning to the Friars, things haven’t panned out for Patiño. The right-hander posted strong numbers in 29 1/3 Triple-A frames in 2021 and also spent the majority of that season on the big league roster in Tampa Bay. It wasn’t a great season by any means, but Patiño did post a 4.31 ERA with a 22.2% strikeout rate and 8.7% walk rate while averaging 96 mph on his heater. For a 21-year-old in his first full MLB campaign — and one who’d barely pitched above A-ball thanks to the canceled 2020 minor league season — it was a reasonably encouraging first foot forward.

From there, however, things went downhill quickly. Patiño suffered a severe oblique strain early in the 2022 campaign, prompting a 60-day IL placement and an absence of more than three months. Upon returning, he showed diminished velocity and far shakier results. Patiño walked more batters than he struck out in 20 MLB frames that year and was limited to 34 Triple-A innings, where he struggled with home runs and was tagged for a 4.50 earned run average.

In 2023, Patiño developed alarming command troubles, walking more nearly 18% of the opponents he faced in Triple-A between the Rays and the White Sox, who acquired him for cash considerations on the day of the trade deadline. In 21 1/3 innings at the MLB level, Patiño posted a 4.57 ERA with an 18.2% strikeout rate and 14.1% walk rate.

He’ll now head back to a Padres club that’s in need of pitching depth after seeing starters Snell, Seth Lugo, Michael Wacha and Rich Hill reach free agency in addition to relievers Josh Hader, Luis Garcia and Drew Pomeranz. Clearly, Patiño can’t be counted on like the Padres might have expected in 2021, had he not been traded, but he gives them a still-young arm to plug into the rotation mix or bullpen this spring. Patiño is out of minor league options, it should be noted, meaning he’ll have to either make the Opening Day roster or else be traded or placed on waivers once again.

Jose Espada Signs With NPB’s Yakult Swallows

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Right-hander Jose Espada signed with the Yakult Swallows of Japan’s Nippon Professional Baseball, he announced on X over the weekend. Espada had signed a minor league deal with the Padres in late November before being granted his release last week.

Espada, 27 in February, made his major league debut in the season’s final week. The Padres added him to the 40-man roster at the end of September. He pitched once, throwing a scoreless inning to punctuate a victory over the Cardinals. He struck out a pair while issuing two walks.

While he has only received that cup of coffee at the highest level, Espada has been in the professional ranks since 2015. He spent time in the Red Sox and Blue Jays organizations before joining the Padres out of independent ball in 2022. The Puerto Rico native had his strongest season this year. Working in a multi-inning capacity, he combined for a 2.81 ERA in 83 1/3 frames between Double-A and Triple-A. Espada fanned an excellent 32.3% of opponents in the minors, although he paired that with a notable 12.5% walk rate.

San Diego was impressed enough with his minor league performance they were prepared to keep him around as non-roster depth going into 2024. The NPB opportunity affords Espada a chance to lock in a salary that’s surely above what he’d have made if he’d spent much or all of next season at Triple-A El Paso. He’ll get a look in what is generally viewed as the world’s second-highest level of professional baseball.

Padres Reportedly Close To Signing Yuki Matsui

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The Padres are close to signing a deal with free agent left-hander Yuki Matsui, reports Mark Feinsand of MLB.com. Earlier, Jon Morosi of MLB.com (X links) reported that the Friars had offered Matsui a contract and also relayed a Japanese-language report from Sankei Sports. The Google translation of that report says that the southpaw has already undergone a medical check, though it seems nothing is official quite yet. Morosi relays that it will be a multi-year deal, though the financial are not yet known at this time.

Matsui, 28, is a left-handed reliever that has 10 years of experience in Japan’s Nippon Professional Baseball, having debuted back in 2014. He has an earned run average of 2.40 in his 501 career games, tossing 659 2/3 innings. He has 236 saves in that time, including at least 24 in each of the past three campaigns. He’s coming off a strong 2023 season as well, with a tiny ERA of 1.57 while recording 39 saves. He struck out 32.4% of batters faced this year while walking just 5.9%.

In addition to his excellent results, Matsui is notable for his size, listed at just 5’8″ and 167 pounds. That unusual frame didn’t stop MLB clubs from having interest, with the Cardinals having recently hosted Matsui in St. Louis, though the Padres will apparently be the one to seal the deal.

Beyond his skills, Matsui surely intrigued clubs due to the fact that he reached proper free agency by reaching nine years of service time. Unlike some other pitchers coming over from Japan, such as Yoshinobu Yamamoto, Matsui isn’t currently connected to any NPB club. That means the MLB club that signs him won’t be subject to a posting fee on top of the contract itself.

Matsui has consistently featured on MLBTR’s NPB Players to Watch series this year, with Dai Takegami Podziewski reporting on Matsui’s four-pitch mix, featuring a fastball, splitter, slider and curveball. The southpaw reportedly had some trouble adapting to the ball in the World Baseball Classic, which is closer to the one used in MLB. There’s always some uncertainty with foreign players since they are unproven in North America, and while Matsui’s size and issues with the WBC ball perhaps add to that, clubs are often intrigued by the possibility of unearthing a hidden gem.

That’s especially true of the Padres, for whom the budget has been a focus all year. Due to the ongoing bankruptcy of Diamond Sports Group, the club’s broadcast rights reverted to MLB during the year. It was later reported that the Friars took out a loan to cover expenses and all recent reporting has pointed to a drop in payroll relative to recent years, likely resulting in them staying under the competitive balance tax in 2024.

Their offseason moves to this point have mostly been about clearing out payroll space. The Padres sent outfielders Juan Soto and Trent Grisham to the Yankees for five players, then sent lefty Ray Kerr to Atlanta as a means to get some of Matt Carpenter’s contract off the books.

Roster Resource currently pegs the club CBT number at $205MM for next year, with the base threshold to be $237MM. That gives the club a bit of room to work with but they still have some things to do. They likely want to find two outfielders to replace Soto and Grisham while also perhaps looking for a designated hitter and some more starting pitching.

But the bullpen is also an issue, with Josh Hader, Nick Martinez, Luis García and Tim Hill now free agents. That means the club will have work to do just to get back to 2023 levels, when their relievers posted a collective ERA of 3.80, the tenth-best mark in the league.

No one is going to expect Matsui to replace Hader as one of the best relievers in the league, but he can certainly bolster the club’s southpaw relief mix, which currently consists of Tom Cosgrove and Adrián Morejón. The former had a solid season in 2023 but still has less than a year of major league experience, while the latter has had ongoing injury issues and is coming off a poor showing this year. Perhaps this is the first of many moves as the Padres pivot from subtracting salary to adding it, looking to fill out the roster for 2024.

The Best Remaining Fits For Cody Bellinger

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For the past six weeks, the offseason has centered on three individuals: Shohei Ohtani, Juan Soto and Yoshinobu Yamamoto. With the first two having found new homes and Yamamoto expected to choose his team within a week or two, there’s likely to be greater attention placed on Cody Bellinger.

MLBTR’s #2 free agent entering the winter, Bellinger has had a quiet offseason since declining his end of a mutual option and rejecting a qualifying offer from the Cubs. Early reports tied the lefty-hitting center fielder to the Yankees, Giants and Blue Jays. The incumbents have some amount of interest in a reunion, although the presence of highly-regarded rookie Pete Crow-Armstrong gives them leverage to pass on what’s surely still a lofty asking price.

Last week, the New York Post’s Jon Heyman wrote that Bellinger’s camp at the Boras Corporation were seeking to reach or surpass $200MM. Yet it’s fair to presume that the former MVP’s market has dwindled over the past month. Along with Soto, the Yankees acquired Alex Verdugo and Trent Grisham to join Aaron Judge in the outfield. San Francisco signed Jung Hoo Lee to play center field instead. That knocks out the two teams widely perceived as the favorites. (At the beginning of the offseason, every MLBTR staffer pegged the Giants or Yankees as Bellinger’s landing spot in our Free Agent prediction contest.)

Where does that leave things for the two-time All-Star?

Likeliest Fits

  • Angels: It’s difficult to identify exactly where the Angels go from here. Los Angeles has thus far limited its offseason activity to a trio of low-cost middle relief additions (Luis García, Adam Cimber and Adam Kolarek). Ohtani was their top priority. After losing him, they’ll need to determine how aggressively to add to a roster that won only 73 games despite his MVP performance. GM Perry Minasian and new skipper Ron Washington have been clear they’re not about to rebuild. Bringing in a front-line starting pitcher appears the top priority, but they’ll also need to address a lineup that ranked 16th in runs and lost a .304/.412/.654 hitter. Bellinger would give the Angels an option to cover center field if Mike Trout needs any time on the injured list. He’d push Mickey Moniak to a fourth outfield role and could take some of the available DH at-bats. He’s also a marquee name who starred in Los Angeles, which could hold appeal to owner Arte Moreno.
  • Blue Jays: USA Today’s Bob Nightengale wrote over the weekend that the Jays looked like the top suitor for Bellinger. It’s not hard to see why. The Jays came up empty on their pursuits of Ohtani and Soto. While no one would consider Bellinger the same kind of upgrade, Toronto still has ample short-term payroll space and a need for a left-handed bat. They’re also without a clear answer in center field after Kevin Kiermaier hit free agency. The Jays could sign a corner outfielder and bump Daulton Varsho to center (or simply try to re-sign Kiermaier), but Bellinger is the best all-around position player on the open market.
  • Cubs: Bellinger was among the Cubs’ most valuable players a season ago. While they may have initially viewed him as a one-year stopgap to Crow-Armstrong, there’s an argument for bringing him back. The Cubs don’t have a clear option at first base, where Bellinger is a plus defender. His ability to play all three outfield spots would afford the organization the flexibility to start Crow-Armstrong in Triple-A (where he struck out at a concerning rate in 34 games last season) without needing to rely on journeyman Mike Tauchman to maintain his surprisingly strong form from 2023. Even if Tauchman and/or Crow-Armstrong prove deserving of everyday playing time, the Cubs could rotate Ian Happ and Seiya Suzuki through designated hitter to keep their outfield fresh.

Longer Shots

  • Mets: New York could upgrade over either Starling Marte or DJ Stewart in the corner outfield. There’s room for Bellinger to join Brandon Nimmo as a long-term outfield investment, but it doesn’t seem that’s how the front office is approaching this winter. The Mets are in on Yamamoto but appear to view him as an exceptional case in what’d otherwise be a relatively quiet offseason as they focus primarily on 2025.
  • Nationals: While Washington isn’t an immediate contender, they could make a legitimate push for the playoffs by the ’25 season. Bellinger, who turned 28 in July, would still project as a productive player during that window. The Nats have top outfield prospects Dylan Crews and James Wood looming, but only Lane Thomas should have a short-term spot locked down. The Nationals struck early on the Jayson Werth signing to accelerate a rebuild a decade ago. There’d be some sense in doing that again, but they’ve been fairly quiet in recent offseasons and still have organizational uncertainty regarding their local TV deal as part of the contentious MASN arrangement with the Orioles.
  • Phillies: Philadelphia is involved on Yamamoto, suggesting an ability to stretch the budget for the right player. Whether Bellinger qualifies isn’t clear. Brandon Marsh is a solid center field option, while the Phils have Johan Rojas and Cristian Pache as options for the corner opposite Nick Castellanos. It’s not a terrible outfield, but it’s also perhaps the weakest area of an otherwise excellent roster. The Phils haven’t shied away from pursuing star talent under owner John Middleton and president of baseball operations Dave Dombrowski.

Payroll Questions

  • Mariners: Seattle is likely to bring in at least one outfielder to join Julio Rodríguez and a group that otherwise consists of players like Dominic Canzone, Taylor Trammell and Sam Haggerty. Bellinger fits on the roster, but the M’s have thus far sliced payroll amidst uncertainty about the revenues from their local TV deal with Root Sports. President of baseball operations Jerry Dipoto hasn’t signed a free agent hitter to a multi-year contract in his eight-plus years leading the Seattle front office. Breaking that streak with Bellinger would be a massive shift in operating procedure.
  • Padres: Much of what applies to the Mariners can be said about the Padres. They want to compete after a disappointing playoff miss. They need outfield help to do so. Yet they’re also facing questions about their broadcasting deal and have only cut payroll so far this offseason. With Lee’s six-year, $113MM deal pushing beyond their spending range, it’s hard to see how they could make Bellinger work.
  • Rangers: The defending World Series winners could ostensibly make room for Bellinger, perhaps by trading incumbent center fielder Leody Taveras to address an injury-plagued rotation. GM Chris Young has suggested they’re unlikely to make the kind of free agent splash they have in prior offseasons, though, so it’s far likelier they stick with an internal group of Adolis García, Taveras and Evan Carter while awaiting the arrival of top prospect Wyatt Langford.

Cody Bellinger Reportedly Seeking $200MM Or More In Free Agency

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With superstar slugger Shohei Ohtani now off the board after signing on with the Dodgers, the market has seemingly begun to come into focus for center fielder Cody Bellinger, the clear #2 position player on the free agent market this offseason. According to Jon Heyman of the New York Post, Bellinger and agent Scott Boras are seeking “$200MM plus” in contract talks this winter.

That Bellinger is in position to even approach that figure is nothing short of incredible given the brutal fashion his time in LA came to an end. The outfielder dealt with shoulder, rib, and leg injuries throughout the 2021 season and struggled badly when he managed to take the field that season, posting an abysmal .165/.240/.302 slash line across 350 trips to the plate that season. While he was able to avoid the injured list in 2022, the diminished results lingered as he slashed just .210/.265/.389, prompting the Dodgers to non-tender him last offseason.

Not long after being non-tendered, Bellinger took a one-year deal with the Cubs and entered the 2023 campaign hoping to rebuild his value ahead of another trip to the open market after the season. He certainly succeeded in that effort, slashing .307/.356/.525 while earning a top ten finish in NL MVP voting and the second Silver Slugger award of his career. While this new-look Bellinger came with potential red flags regarding his quality of contact in 2023, MLBTR nonetheless projected him for a twelve-year, $264MM deal in our annual Top 50 MLB free agents list, the second-highest projected guarantee after Ohtani.

Since then, many of Bellinger’s potential suitors on the free agent market have gone in other directions. The Yankees landed a trio of left-handed hitting outfielders in Juan Soto, Trent Grisham, and Alex Verdugo on the trade market, seemingly leaving no room for Bellinger on their roster. Meanwhile, the Giants recently landed outfielder Jung Hoo Lee on a six-year, $113MM contract. While it’s certainly feasible that San Francisco could have the resources available to land Bellinger as well, between the club’s existing outfield logjam and need for pitching, it seems more likely that the club would pursue top arms like Yoshinobu Yamamoto, Blake Snell, and Shota Imanaga than double up on talent in center field with a Bellinger signing.

That’s not to say that Bellinger’s market is completely devoid of suitors, of course. The Blue Jays haven’t been shy about their pursuit of a top-of-the-market lefty slugger this offseason, and Bellinger is the clear best player available to fill that niche with both Ohtani and Soto now off the board. Given that, it’s no surprise that Heyman suggests that Toronto is “expected to be a player” for Bellinger this offseason. USA Today’s Bob Nightengale takes things a step further, suggesting that the Blue Jays could be a “favorite” for the 28-year-old’s services this winter. Looking beyond Toronto, both Heyman and Nightengale also indicate that the incumbent Cubs could be a factor in Bellinger’s market this offseason while Nightengale also suggests the Padres as a potential suitor.

Any interest from Chicago or San Diego seemingly comes with caveats, however. The Padres are reportedly facing severe financial constrains and hope to duck under the luxury tax in 2024, and committing $200MM or more to Bellinger would eat away most of the savings the club procured by dealing Soto and Grisham to the Bronx earlier this month. Meanwhile, reports from Sahadev Sharma and Patrick Mooney of The Athletic indicate that the Cubs could prefer to wait out the market and see if Bellinger “falls” to them on a more palatable deal than the outfielder’s current price tag. The Blue Jays, meanwhile, have no such apparent financial restraints or reservations. Of course, it’s possible that another team in need of outfield help such as the Mariners could jump into the fray and change the outlook of Bellinger’s market as the offseason continues.

Padres “Prefer” To Stay Under Luxury Tax In 2024, Could Reduce Payroll Below $200MM

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The Padres have long been expected to pare down payroll significantly this offseason, with early signals indicating a target payroll of no more than $200MM for the 2024 season as they look to get back into compliance with the league’s debt service rules. The Athletic’s Dennis Lin reports that the club may plan to cut payroll even more drastically, suggesting that the club’s final payroll next season could come in “more than a little lower” than that aforementioned $200MM figure as club officials reportedly “prefer” to stay under the luxury tax threshold in 2024. Importantly, Lin notes that the club would be willing to go “slightly” over the luxury tax if the right opportunity were to present itself later this winter, though it’s unclear what sort of opportunity would be necessary to convince San Diego to push their payroll over the threshold.

While RosterResource projects the Padres for a payroll of just over $152MM as things stand, it projects a significantly larger $205MM payroll for luxury tax purposes. That would leave the club with just under $32MM of budget space remaining for luxury tax purposes if they intend to remain below the first luxury tax threshold, which will sit at $237MM in 2024. That roughly $30MM of wiggle room for luxury tax purposes tracks with Lin’s suggestion that a payroll of around $180MM could allow the Padres to duck below the threshold next year.

Lin goes on to report that the club’s pursuit of outfielder Jung Hoo Lee, who signed with the Giants earlier this week on a six-year, $113MM deal, was impacted by the club’s budget constraints. While Lin notes that San Diego’s offer to Lee was reportedly considered “competitive” but nonetheless was not especially close to the figure offered by San Francisco. Lee’s contract with the Giants sports an average annual value of roughly $18.8MM, meaning landing the outfielder would have required more the remaining space the Padres have available to them below the luxury tax threshold.

As Lin notes, the Padres themselves demonstrated as recently as last offseason that there are ways to creatively structure a deal to deflate its AAV. Right-handers Michael Wacha and Nick Martinez, for example, commanded salaries of $7.5MM and $10MM respectively in 2023 despite carrying AAVs of just $6.5MM and $8.7MM for luxury tax purposes thanks to the complex structures of their contracts. It’s possible that similar deals could allow the Padres additional room to maneuver this offseason as they look to rebuild their starting outfield after shipping Juan Soto and Trent Grisham to New York as well as a pitching staff that lost Wacha, Martinez, Seth Lugo, Blake Snell, and Josh Hader to free agency last month.

It’s possible some of the club’s holes can be filled internally, with Lin noting that the Padres see the likes of Jackson Merrill, Jakob Marsee and Robby Snelling, among others, as prospects who could impact the big league club in 2024. Even in San Diego manages to successfully embrace a youth movement, however, it’s hard to imagine the club being able to fill two outfield spots, one rotation spot, and restock the bullpen without making several external additions.

With so many holes on the roster and relatively little wiggle room in the club’s budget for 2024, Lin notes that infielders Jake Cronenworth and Ha-Seong Kim are both potential trade candidates for the Padres. Kim would surely be an attractive trade candidate if available on the heels of a strong season that saw him slash .260/.351/.398 while playing superb defense all around the infield, and a deal would allow the Padres to shed his $8MM salary in 2024 while potentially bringing back major league ready talent in return.

Cronenworth, on the other hand, would be far more difficult to deal, as MLBTR’s Anthony Franco explored earlier this week. The 29-year-old is coming off the worst season of his career in 2023 and is owed a whopping $80MM over the next seven seasons, making him a less-than-palatable trade target for the majority of clubs. While Cronenworth’s salary is just over $7MM for the 2024 campaign, his contract’s AAV of around $11.5MM counts as a more significant hit against the luxury tax. While Cronenworth is far from the only player locked up long-term the Padres could consider trying to move, others would like present even more significant obstacles.

Right-handers Yu Darvish and Joe Musgrove figure to anchor the club’s rotation next season, and dealing either veteran arm would be counterproductive for a club hoping to bolster its rotation depth. It’s a similar story for Robert Suarez in the bullpen. Meanwhile, the likes of Xander Bogaerts, Manny Machado, and Fernando Tatis Jr. are due hundreds of millions through at least the 2033 season, making them all far more complicated to move for fair value than Soto, who will be a free agent next season, was. Making a trade for any of the aforementioned names even more complicated is that each player is coming off a season that either saw them produce below their recent career levels, struggle with injury, or both. With plenty of holes to fill and few realistic options for shedding salary available, the Padres face a major uphill battle as they look to improve upon their 82-80 season in 2023 that saw them just miss out on playoff contention.

Minor MLB Transactions: 12/16/23

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Catching up on some minor league moves from around baseball…

  • The Padres signed infielder Nate Mondou to a minor league deal last week, according to Mondou’s MLB.com profile page.  The 28-year-old’s big league resume consists of a single game and three plate appearances with the Athletics in 2022, and the rest of his seven-year pro career has been spent in the minors.  Mondou has hit .278/.375/.433 over 1275 PA at the Triple-A level with the top affiliates of the A’s and White Sox, while playing mostly second base, a good deal of time at both corner infield spots, and a handful of games as a shortstop and left fielder.
  • The Giants re-signed catcher Jakson Reetz to a minor league contract last week, as per Reetz’s MLB.com profile page.  A third-round pick for the Nationals in the 2014 draft, Reetz made his Major League debut by appearing in two games for Washington in 2021, and he has since been playing in the minors with the Brewers, Royals, and Giants.  Reetz hit .243/.342/.500 with 17 home runs over 322 combined PA with the Giants’ and Royals’ Triple-A clubs in 2023, and while it wasn’t enough to get him another look in the majors, the Giants saw enough to bring him back into the fold as a depth option.

Padres, Tommy Nance Agree To Minor League Deal

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The Padres have agreed to a minor league contract with reliever Tommy Nance, as reflected on the MLB.com transaction log. The right-hander had reached minor league free agency after being outrighted by the Marlins at the beginning of the offseason.

Nance, 32, lost the bulk of the 2023 season to shoulder and oblique injuries. He pitched 17 innings over four minor league levels but didn’t make an MLB appearance for the Fish this year. Nance had seen a fair amount of action out of the Miami relief corps the previous season. He logged 43 2/3 innings across 35 appearances in 2022, posting a 4.33 ERA while striking out an impressive 29.1% of batters faced.

A Long Beach native and Santa Clara product, Nance has 72 1/3 MLB innings under his belt. He debuted with the Cubs in 2021 five years after going undrafted. The Marlins claimed him off waivers in Spring Training the following season. He owns a 5.47 ERA at the highest level, although he’s shown the potential to pick up a fair amount of whiffs and ground balls.

San Diego has a handful of relief jobs up for grabs after each of Josh Hader, Nick Martinez and Luis García reached free agency. The Padres are likely to add one or two relievers who’ll be locked into the season-opening mix, but they’ll also take a few fliers of this nature to bring in non-roster competition.

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