The Padres saw their season come to an end last night at the hands of their division rivals in Los Angeles, but despite that disappointing end the 2024 campaign was nonetheless littered with plenty of bright spots for fans in San Diego. Perhaps the most significant among those was the emergence of Jackson Merrill, who entered Spring Training as a shortstop prospect with just 46 games at the Double-A level under his belt and turned a surprise Opening Day assignment in center field into a phenomenal rookie season.
Before that sensational season came together, however, it seems the Padres were already hoping to lock in the youngster’s services for the long haul. A report from The Athletic’s Dennis Lin earlier today revealed that San Diego brass discussed the possibility of an extension with Merrill last offseason, before the youngster had even made his MLB debut. The sides, of course, did not wind up coming together on a deal. That didn’t stop the Padres from installing Merrill in center field to kick off the season, however, and Merrill rewarded his club’s confidence in him with a season that saw him appear in 156 games while slashing .292/.326/.500 with 24 homers, 16 steals in 19 attempts, and a 130 wRC+.
Merrill’s debut season, during which he was just 21 years old, was the sort of campaign that inspires confidence in a young players ability to produce at the big league level. After all, Merrill showed off an impressive and varied profile that should help him continue to impact the Padres in all sorts of ways going forward. The youngster not only flashed impressive power with a .208 ISO that was second to only Aaron Judge among qualified center fielders this year, but he also struck out at an excellent 17% clip that was second to only Cody Bellinger by that same metric. And while his defense didn’t receive the universal praise lauded on players like Brenton Doyle and Daulton Varsho, Merrill’s +12 Outs Above Average at the position put him in the 97th percentile among big leaguers and made him the seventh most valuable defensive center fielder in the sport by the metric.
That combination of power, contact, and defense at a valuable up-the-middle position figures to leave Merrill as a wildly attractive extension candidate, particularly given that he’s currently scheduled to reach free agency after his age-26 campaign. With that being said, the price of extending a youngster of Merrill’s talent is sure to have gone up for the Padres relative to last winter now that he’s proven he can handle big league pitching. A look at MLBTR’s Contract Tracker showcases how lucrative even one dominant season in the big leagues can be, as both Ronald Acuna Jr. and Julio Rodriguez landed nine-figure extensions in the final months of their respective Rookie of the Year campaigns.
While the presence of budding ace Paul Skenes could complicate Merrill’s own pursuit of that award, his 5.3 fWAR in his rookie season falls in the middle of Acuna’s 4.4 figure and Rodriguez’s 5.8, though it’s worth noting that Acuna was a year younger than either Rodriguez or Merrill during his rookie season. Given his similarity to those youngsters, it seems reasonable to expect that Merrill would garner a guarantee well above the $100MM Acuna landed even if Rodriguez’s convoluted $210MM guarantee is not exactly the simplest point of comparison.
For San Diego’s part, they’ve certainly shown a willingness to spend heavily on extensions for young players in the past. The most obvious example of this is the $340MM deal the club made with Fernando Tatis Jr. prior to his third season with the club, though Jake Cronenworth’s seven-year extension signed just before the start of the 2023 season is another noteworthy example of the club committing to a long-term extension for a player with several years of team control remaining. Of course, both of those deals came together under the ownership of the late Peter Seidler, and the Padres began to scale back their payroll last year following his passing and Eric Kutsenda’s ascent to the role of interim control person.
Extending Merrill could also have a significant impact on the club’s luxury tax payroll going forward. Since the luxury tax is calculated based on average annual value, back-loaded extensions such as the one signed by Tatis early in his career or a hypothetical Merrill extension often have a far more significant impact on a club’s luxury tax positioning than they do on the club’s actual payroll in the early years of the deal. That could prove to be an obstacle for the Padres, who per RosterResource currently have a guaranteed payroll of just over $231MM for 2025 before factoring in offseason additions of arbitration-level contracts for players like Luis Arraez and Michael King.
