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Dylan Cease

Dylan Cease Discusses Trade Rumors

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For the second consecutive season, right-hander Dylan Cease is the most talked about player in trade rumors as the winter gives way to Spring Training. The then-White Sox hurler was shipped to the Padres in mid-March of last year, just before San Diego started their season in Seoul. It remains to be seen if the club will turn around and deal him during the spring themselves one year later, but AJ Cassavell of MLB.com notes that Cease made clear he isn’t bothered by the rumors swirling around him at yesterday’s FanFest event.

“You just focus on the task at hand,” Cease said, as relayed by Cassavell. “It’s just part of the business, really.”

Cease went on to note how much he loves San Diego and added that he would “definitely” like to stay in town. It certainly remains possible that he’ll be a Padre in 2025 even if it’s difficult to imagine him returning to San Diego upon hitting free agency this offseason. As Cassavell notes, however, a trade might be the most sensible path for the Padres as they navigate a budget crunch with multiple significant holes in their projected 2025 lineup. It wouldn’t be a shock to see Cease bring back the sort of significant return that could address multiple needs for the Padres while also getting his $13.75MM salary off the books to clear the way for further additions.

With that being said, getting the right deal for Cease may be easier said than done. The Cubs, Twins, and Mets are among the teams that have been connected to Cease in recent days, but there have been some indications from both Minnesota and New York that a trade could be difficult to work out. Dan Hayes of The Athletic reported earlier this weekend that the Padres are asking for “significant major-league value” in Cease talks, adding that rival executives believe the club is “emboldened” by the exceptional return they received from the Yankees in last winter’s Juan Soto deal. Meanwhile, Hayes reports that the Twins are unwilling to part with top prospects like Walker Jenkins, Emmanuel Rodriguez, and Luke Keaschall at this time and prefer to offer a package of big leaguers who can help address San Diego’s needs in the lineup and rotation.

That might sound like the teams match up well at first glance, but Hayes adds that the specifics of the return package figure to be a sitcking point. He suggests that the Padres are likely to ask for one of Joe Ryan or Bailey Ober as the centerpiece of a deal, which is an ask that it’s hard to imagine Minnesota agreeing to given that both are established, quality mid-rotation arms with three years of team control remaining. Hayes notes that the Twins would prefer to offer a package headlined by a young starter like Zebby Matthews or Simeon Woods Richardson that would also include Trevor Larnach and Willi Castro. Woods Richardson posted solid back-of-the-rotation production for the Twins in his rookie season last year, with a 4.17 ERA in 28 starts, while Matthews struggled in nine starts at the big league level but remains the club’s top pitching prospect and is generally believed to project as a #4 starter in the majors long-term.

The value discrepancy between players of Ryan and Ober’s caliber and the likes of Matthews and Woods Richardson is significant, and the sides would need to move significant off their current stances in order for a deal to come together. It appears to be a similar story with the Mets, as Will Sammon of The Athletic recently described Cease coming to Queens as “unlikely” due to the expected acquisition cost. Whether that’s due to a lack of willingness to part with a high-end package in order to land Cease or if the club simply lacks the pieces necessary to get a deal done is unclear, however, as Sammon goes on to mention the club’s failed pursuit of Garrett Crochet earlier this winter. The Mets were among a number of teams interested in Crochet, but he ultimately was dealt to the Red Sox because, as Sammon writes, Boston was able to offer “higher-quality prospects” than the Mets were.

Sammon goes on to suggests that the Mets could swing a deal if the Padres’ asking price comes down through the spring or revisit talks at the trade deadline, when Cease would be less valuable due to an acquiring club no longer being able to extend him the Qualifying Offer. Of course, a Cease trade may be far less likely by the time the summer rolls around. The Padres will have to fill their vacancies in the lineup one way or another before the season begins, and if they manage to do so without dealing Cease it’s difficult to imagine the club then shifting gears and shipping Cease out in the middle of a pennant race unless they’ve fallen out of contention.

No Extension Talks Between Padres, Michael King

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Yesterday, the Padres and right-hander Michael King avoided an arbitration hearing with a creative deal that guarantees King $7.75MM. The deal splits that guarantee between a signing bonus and the buyout on a 2026 mutual option in addition to his 2025 salary in order to slightly ease some of the financial issues facing San Diego as they look to upgrade their roster this winter. Despite the sides’ ability to come together on an unusual solution to their dispute over King’s salary for this year, however, the right-hander told reporters (including Jeff Sanders of the San Diego Union-Tribune) at the Padres’ FanFest event today that he has not been approached regarding a long-term extension that would keep him in San Diego beyond the 2025 season.

That there apparently has not yet been a conversation between the two camps about a long-term deal is an interesting development given previous reports that the club believes King to be more amenable to the possibility of an extension than fellow walk year righty Dylan Cease. Those rumors have led to a belief throughout the offseason that San Diego would prefer to deal Cease rather than King if they end up trading one of their two front-of-the-rotation arms amid their pursuit of pitching depth and lineup upgrades. That appears to still be the case, as Kevin Acee of the San Diego Union-Tribune reports that the club is “not actively shopping” King in the aftermath of the sides reaching an arbitration agreement. Acee is quick to note that the new contract doesn’t necessarily preclude a trade from occurring, but it appears clearer than ever that the Padres’ preference is for the departing pitcher to be Cease if they wind up dealing one of their top arms.

As for King, the righty spoke to reporters (including Sanders) about the swirling trade rumors today, saying that he would be “shocked” if he were to be traded before adding that hearing your name in the rumor mill is “part of the business.”

“Obviously anything can happen,” King said, as relayed by Sanders. “I didn’t think I was going to get traded over here that offseason last year. Anything can happen.”

While it’s unclear whether King’s confidence that he’ll be in a Padres uniform on Opening Day and the club’s apparent preference for dealing Cease if one of the pair is traded will actually lead to King remaining in San Diego, it should be noted that the sides not yet having discussed an extension does not preclude them from doing so in the coming weeks. Extension negotiations between players and clubs frequently open after the start of Spring Training, and the Padres have been among the most prolific clubs in the sport when it comes to springtime extensions in recent years.

It was just two years ago that San Diego signed Jake Cronenworth, Manny Machado, and Yu Darvish to a trio of lengthy extensions over the course of Spring Training 2023, and two years before that the club famously agreed to a massive $340MM contract with Fernando Tatis Jr. during Spring Training 2021. They’ve at least explored extensions with other players during the spring in recent years as well, such as Jackson Merrill last winter. Whether King will join the list of Padres player to put pen to paper on extensions just before reaching free agency remains to be seen, but even with no talks between the sides to this point the possibility of some discussions between the sides this spring can’t be ruled out.

Aside from San Diego’s hefty payroll commitments that have limited their flexibility in recent years, one potential obstacle for any King extension would surely be his unusual history. The right-hander posted an excellent season in 2024 with a 2.95 ERA in 173 2/3 innings of work, but that was his first season pitching as a full-time starting pitcher since 2018, during his age-23 season in the minor leagues. While King’s 39 starts since being put back in the rotation by the Yankees down the stretch last year have been electric, his ability to keep up with a 150+ inning workload for a second consecutive season will surely have a major impact on his value in free agency. Given the importance of his platform season, it wouldn’t be a shock if the sides struggled to reach an agreement on what fair value looks like even if they do engage in extension talks at some point before Opening Day.

Mets Have Shown Interest In Dylan Cease

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The Mets are among the teams that have spoken with the Padres regarding Dylan Cease, writes Jon Heyman of The New York Post. Jon Morosi of the MLB Network reported this afternoon that the Cubs were also involved on the star righty.

Cease is one of the biggest names to watch over the next six weeks. San Diego has fielded interest in virtually all of their highly-priced players who could test free agency next offseason (e.g. Cease, Luis Arraez, Michael King, Robert Suarez). Every contender could be involved on Cease, who is coming off a fourth-place finish in NL Cy Young balloting.

If he does move, it’d be the second straight winter in which Cease is dealt late in the offseason. The Padres acquired him from the White Sox midway through Spring Training last year. His first season with the Friars was excellent. He worked to a 3.47 ERA while striking out 224 batters over 189 1/3 innings. Cease has not missed a start since 2019. He has topped 200 strikeouts in four straight seasons and has two top five Cy Young finishes in the past three years.

San Diego has had a quiet winter as they navigate payroll restrictions and squabbling amongst their ownership group. The Padres only have three pitchers who’d be locked into their season-opening rotation: Cease, King and Yu Darvish. Trading either Cease or King would subtract from the rotation’s ceiling, but it stands to reason they’d demand at least one cheaper MLB-ready starting pitcher as part of the return. San Diego also needs to find a new left fielder after letting Jurickson Profar walk in free agency.

Last year’s Corbin Burnes trade serves as a template for what the Friars could demand for Cease. The Brewers netted two MLB-ready players who’d been borderline top 100 prospects (Joey Ortiz and DL Hall), plus the 34th overall pick in the 2024 draft, from the Orioles. Cease is slated for a $13.75MM salary in his final year of arbitration. While the Padres do not expect to work out a long-term deal with the Boras Corporation client, they’re trying to balance their long-term outlook against the goal of returning to the postseason this year.

Heyman suggests that the Padres could subsequently look to sign Jack Flaherty or Nick Pivetta if they deal Cease or King. That’d require an unexpected willingness to stretch the budget. Even if they look to short-term deals, Flaherty and Pivetta should each beat $13.75MM annually. Pivetta would also require draft pick forfeiture after declining a qualifying offer. That series of events would raise payroll and still leave San Diego with a hole in left field unless they address that via the hypothetical Cease trade.

The Mets have been reluctant to make long-term pitching investments under president of baseball operations David Stearns. They’ve addressed the rotation with a series of shorter-term moves. They brought back Sean Manaea for three years and (a partially deferred) $75MM, added reliever conversion pickup Clay Holmes on a three-year deal, and taken a two-year flier on Frankie Montas. That trio joins Kodai Senga and David Peterson in their projected starting five. Paul Blackburn, Tylor Megill and Griffin Canning are depth options. It’s not a bad group but lacks a true ace, especially if Senga’s workload is limited after he barely pitched in 2024.

Cubs, Padres Have Discussed Dylan Cease

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The Cubs are among the teams that have discussed right-hander Dylan Cease with the Padres, per Jon Morosi of MLB Network. There’s no indication that the two sides are close to any sort of deal or that discussions were anything more than exploratory.

Cease, 29, has been bandied about the rumor mill for much of the winter as a payroll-crunched Padres club struggles to find ways to address myriad roster holes. A free agent following the 2025 season, Cease is slated to earn $13.75MM this year. Trading him for a controllable, lower-cost outfielder could affordably plug one lineup hole while also freeing up more than $13MM to backfill the rotation. Alternatively, the Friars could build a Cease deal around controllable, low-cost (and also less-proven) rotation pieces and look to reallocate Cease’s salary to a bat that’s yet to find a home in free agency or a trade target in the outfield. The Padres have at least gauged interest in impending free agents like Michael King, Luis Arraez and Robert Suarez (signed through 2027 but with an opt-out next offseason) under similar rationale.

The Cubs already have a deep rotation featuring Justin Steele, Shota Imanaga, Jameson Taillon, Matthew Boyd and Javier Assad. Free agent signee Colin Rea gives them a veteran sixth option, and Chicago has younger names like Jordan Wicks, Ben Brown and Caleb Kilian on the 40-man roster, with prospects Cade Horton and Brandon Birdsell climbing the minor league ladder.

Given that stock of arms, the Cubs don’t necessarily need another starting pitcher, but there’s an argument that some of that depth and their impressive stock of high-end position prospects could be condensed into a front-of-the-rotation arm like Cease. Morosi highlighted top outfield prospect Owen Caissie as a potential piece of a Cease trade in an on-air segment this morning, albeit in fairly speculative fashion.

Coupling Caissie or another touted outfielder like Kevin Alcantara with a controllable arm that lacks Cease’s ceiling but could be a third or fourth starter (e.g. Wicks, Assad) could hold some appeal to a Padres club that lacks rotation depth, a clear left fielder or designated hitter, and has a shaky-at-best collection of options to fill out manager Mike Shildt’s bench. Anecdotally, a trade involving Cease and Caissie would send each player back to their original organization; Cease was a sixth-round pick of the Cubs who was traded to the White Sox in exchange for Jose Quintana, while Caissie was a Padres second-rounder who went to the Cubs as part of the Yu Darvish trade.

Outfield is an area of depth for the Cubs, who have Ian Happ in left field, young Pete Crow-Armstrong in center and trade acquisition Kyle Tucker in right field. The acquisition of Tucker has pushed slugger Seiya Suzuki into a primary DH role, though he’ll surely still see some corner time depending on injuries or off-days for other members of the outfield. Tucker is a free agent at season’s end, but Happ and Suzuki are both signed through 2026 while Crow-Armstrong can be controlled all the way through 2030. Both Caissie and Alcantara are generally viewed as MLB-ready pieces who could step into the majors as soon as this season after posting big seasons in the upper minors in 2024. (Alcantara made a brief MLB debut late in ’24 already.) Infielder and fellow top prospect James Triantos also got a bit of work in the outfield in 2024. He’s on the cusp of his MLB debut as well.

The circumstances surrounding a potential trade of Cease are fairly similar to those of Corbin Burnes one year ago. While Cease has had a bit more volatility in terms of year-over-year results and doesn’t have a Cy Young Award to his credit, he’s a top-end starter with a relatively reasonable salary and one season of club control remaining. He’s unlikely to sign an extension, as was the case with Burnes, but could net a new team a draft pick if and when he rejects a qualifying offer next winter. That holds some inherent value and helps to offset the prospect loss required to pry Cease loose in a trade. The Orioles sent two MLB-ready players who’d garnered top-100 fanfare — infielder Joey Ortiz and lefty DL Hall — to the Brewers along with a 2024 competitive balance draft pick (No. 34 overall).

That was a steep price to pay, and perhaps Cease’s value isn’t quite to that same level, but it shouldn’t be far off. At the very least, it provides a rough blueprint for what San Diego could reasonably seek in exchange for a power-armed 29-year-old who landed second in 2022 American League Cy Young voting.

Payroll-wise, the Cubs have more than enough space to add Cease’s salary while still remaining comfortably south of the $241MM luxury threshold and leaving space for in-season acquisitions. RosterResource projects Chicago at a bit more than $207MM in luxury obligations after their recent acquisition of Ryan Pressly, giving them about $34MM of cushion between their current standing and that tax barrier.

Poll: Should The Padres Trade Dylan Cease Or Michael King?

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While the Padres no longer appear to be under a mandate to cut payroll for the 2025 season, signs still point to the club needing to make a trade or two in order to free up space in an already-maximized budget if they hope to address multiple holes in the lineup. That’s led to plenty of rumors surrounding the club’s pending free agents, the most valuable of whom are without a doubt right-handers Dylan Cease and Michael King.

Trading a front-line starter like Cease or King might seem counterproductive for a club that’s already lacking in rotation depth, but it’s possible that the trade return for either player could involve a young starter or two while allowing the Padres to reallocate the freed up payroll space to the lineup. It’s surely under that logic that San Diego has explored Cease’s market and discussed King with rival clubs as well. The Padres have reportedly been more resistant to trading King under the belief that he’s more likely than Cease to sign an extension, but president of baseball operations A.J. Preller is generally open-minded when it comes to trade discussions. That the two sides face a nearly $1.5MM gap after exchanging salary figures and appear headed toward an arbitration hearing only adds an additional layer of complexity.

Cease, 29, is the bigger name of the two righties. A longtime top prospect with the Cubs and White Sox, the right-hander debuted on the south side back in 2019 and had developed into a legitimate front-end arm by 2021. Over the past four seasons, he’s pitched to a 3.52 ERA (120 ERA+) with a 3.32 FIP and an excellent 29.7% strikeout rate. Perhaps even more impressive than Cease’s strong rate numbers is his volume. The right-hander has been a workhorse by the standards of the modern game with 716 innings of work across 130 starts since the start of 2021. That’s the most starts and seventh-highest innings count of any starter in that time.

By contrast, King doesn’t offer the same level of star power or track record. The 2024 campaign was actually the first time King has acted as a full-time starter in the majors, and his 173 2/3 innings of work were not only a career high but the first time he had thrown even 105 innings since 2018. The results can’t be denied, however, and King was nothing short of excellent. He posted a 2.95 ERA (139 ERA+) with a 3.33 FIP. His peripherals are quite similar to Cease, as well; his 27.7% strikeout rate was a touch lower than Cease’s 29.4% figure, but his 8.7% walk rate was nearly identical to Cease’s 8.5%. King’s 6.2% barrel rate was far better than that of Cease.

Given that similar production and a price tag that’ll be $5-7MM less than that of Cease, it’s easy to imagine some clubs preferring King between the two. If King can fetch what the Padres deem to be a better return, moving the more affordable arm and keeping the more proven/durable righty makes some sense. On the other hand, King still seems likelier to sign an extension than the Boras Corp-represented Cease, and Cease has shown some year-to-year volatility. He posted a below-average ERA as recently as 2023.

If you were in Preller’s shoes and needed to free up some payroll space to address various holes on the roster, how would you proceed with your coveted rotation duo? Have your say in the poll below:

Which Should The Padres Trade?
They shouldn't trade either pitcher. 40.08% (3,072 votes)
They should trade Dylan Cease 28.31% (2,170 votes)
They should trade both. 22.82% (1,749 votes)
They should trade Michael King 8.79% (674 votes)
Total Votes: 7,665

Twins Among Teams With Interest In Dylan Cease

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The Twins and Padres have both been fairly quiet this winter but could be ramping up to make some moves before the season starts. Per reporting from Dan Hayes and Dennis Lin of The Athletic, the club have discussed trade scenarios involving catcher Christian Vázquez but the Twins are also among the clubs that have interested in San Diego right-hander Dylan Cease.

That’s not to suggest that a one-for-one swap of Vázquez for Cease is at all feasible. Vázquez is going to make $10MM this year, making him a bit overpaid as a part-time, glove-first catcher. Cease, on the other hand, is an excellent starting pitcher who is going to make $13.75MM this  year. That gives him tremendous surplus value.

That the Twins would be interested in Cease is not surprising as just about any club would be, since he’s been one of the best pitchers in baseball over the past four years. From 2021 to 2024, he has made at least 32 starts in each of those seasons. His 716 innings thrown in that time is seventh in the majors behind only Aaron Nola, Logan Webb, Zack Wheeler, Corbin Burnes, José Berríos and Kevin Gausman.

That quantity has also come with quality, as Cease has allowed 3.52 earned runs per nine while striking out 29.7% of batters faced. His 9.7% walk rate was on the high side but not by much. His 17.2 wins above replacement in that time is sixth in the majors, behind the five the aforementioned pitchers but ahead of Berríos.

The best free agent pitchers generally get over $30MM annually, with Blake Snell and Corbin Burnes both getting over that line this year. Even older pitchers coming off injury-marred seasons like Alex Cobb and Justin Verlander will outearn Cease this year, with each getting a $15MM salary for 2025.

All those factors make him very valuable to the Padres but they might be boxed into a corner where they have to consider making him available. RosterResource projects them for a $208MM payroll this year, which is well beyond last year’s $169MM figure. They can reportedly push a little higher than their 2024 number but not by too much, so cutting some decent money seems to be necessary. They will have to do that while also filling holes in left field and behind the plate, as well as the rotation.

There aren’t many great options for clearing money. Manny Machado, Xander Bogaerts, Yu Darvish, Fernando Tatis Jr. and Joe Musgrove all have no-trade clauses on their contracts. Jake Cronenworth only has an eight-team no-trade clause but his deal is tough to move regardless since his production dropped off after he signed that deal and there is still $71MM to be paid out over the next six years. Robert Suarez only has three years left on his deal but the opt-out/player option a year from now complicates trade talks.

All that leaves Luis Arráez and Cease as the best trade options. Each is going into his final arbitration season and set to make an eight-figure salary. However, Arráez may not have tremendous trade value, despite his elite batting averages. He’s not a good defender, baserunner or power threat, limiting his overall production.

It all leaves the Padres and president of baseball operations A.J. Preller with a tricky tightrope to walk. Cease is probably their best option for doing a trade somewhat resembling the Juan Soto deal from last offseason. In that deal, the Padres took one great player and his notable salary, trading him and Trent Grisham to the Yankees for a five-player package. One of those players was Michael King, who bolstered their rotation. Another was prospect Drew Thorpe, whom the Padres used to get Cease. The additions of Kyle Higashioka, Randy Vásquez and Jhony Brito also bolstered the catching and pitching depth.

Flipping Cease to help in several areas might be the best option for the Friars now but it would also likely weaken the rotation that already looks like a soft spot. With Musgrove set to miss the season recovering from Tommy John surgery, the rotation currently consists of King, Cease, Darvish and question marks. Guys like Vásquez, Brito, Matt Waldron and Adrián Morejón are potential back-end guys but it’s not a strong overall group. That would be even more true without Cease.

The Twins have their own financial concerns but could perhaps make it work with Cease. Recent reporting has suggested that the Twins don’t really need to cut payroll but don’t have much room to add at the moment either. Trading part of the $10MM owed to Vázquez would help, as could moving the $7.5MM owed to Chris Paddack or the $6.4MM for Willi Castro.

The Twins currently project to have a rotation consisting of Pablo López, Joe Ryan, Bailey Ober, Simeon Woods Richardson and Paddack. Swapping in Cease for Paddack would obviously be an upgrade, considering Paddack hasn’t pitched much over the past few years due to elbow issues, including Tommy John surgery, and has had middling results when on the hill.

The Twins also have some young and affordable pitching that would surely interest the Padres. Pitchers like Zebby Matthews and David Festa debuted in 2024 without much success but both were notable prospects last year and could still have plenty of success ahead of them. The fact that each still has six years of cheap control available would be great for the Padres, but the Twins would have to think about whether that’s a fair price for just one year of a pitcher like Cease. The Twins also have arms like Marco Raya, Travis Adams and C.J. Culpepper in their depth mix.

As recently explored by MLBTR’s Anthony Franco, the Padres might look to last winter’s Burnes trade as a decent comparable for Cease. The Brewers flipped one year of Burnes for two notable prospects in DL Hall and Joey Ortiz. Both were top 100-type prospects that had cracked the majors but hadn’t been established yet.

That is perhaps the kind of return that could work for the Padres. Subtracting Cease for pitchers like Matthews/Festa would lower their rotation certainty but give them more options at cheaper prices. The Twins may not be keen on such an arrangement, however, as the report from The Athletic indicates that they “would prefer to provide a value-laden package to replenish the Padres’ depth as opposed to the higher-upside talent Preller likes to hunt.”

Though Preller has been exceptionally quiet this winter, it’s possible that it’s time for him to pounce. The Padres were one of the finalists for Roki Sasaki and he would have been a massive help for their current predicament. As a plug-and-play ace who will be making the minimum salary this year, he would have been a great fit for the club both in terms of roster construction and their financial situation.

Perhaps Preller was waiting for clarity on that massive decision from Sasaki. Now that the young righty has officially signed with the Dodgers, Preller has to pivot to other options. Given his constraints, a Cease trade might have to be on his to-do list. If so, the Twins are surely not the only club interested, so Preller should be fielding plenty of calls.

Twins, Padres Have Discussed Christian Vazquez Trade

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The Padres and Twins have had discussions about a potential trade that would send veteran catcher Christian Vázquez to San Diego, report Dan Hayes and Dennis Lin of The Athletic. There’s no indication that a deal is imminent. Indeed, Hayes suggests that conversations have “slowed” recently, though that doesn’t mean that the sides won’t continue talks in the coming days.

Vázquez is both a logical trade candidate for Minnesota and an obvious fit for San Diego. Twins president of baseball operations Derek Falvey said last week that the team’s trade talks had started to pick up steam. While Falvey didn’t identify specific players under discussion, Vázquez is arguably the most obvious candidate. He’s entering the final season of a three-year free agent deal. He has split time with Ryan Jeffers over his two years in the Twin Cities.

Over the past two seasons, Jeffers carries a .246/.328/.456 batting line in exactly 800 trips to the plate. Vázquez has hit .222/.265/.322 through 670 plate appearances. Manager Rocco Baldelli nevertheless stuck to the even divide in playing time last year. Each player made 81 starts. Jeffers caught 720 1/3 innings, while Vázquez logged 719 frames.

Jeffers clearly brings a much higher offensive ceiling. Vázquez is the superior defender. While Jeffers receives subpar grades for his receiving skills, Vázquez has long been a quality pitch framer. He was also a superior blocker. Last year, Vázquez was charged with just one passed ball and was behind the plate for 19 wild pitches. Jeffers committed three passed balls and allowed 28 wild pitches.

Despite Vázquez’s defensive advantage, the Twins may prefer to give Jeffers an extra 15-20 starts to keep his bat in the lineup. That’s particularly true when considering the financials. Vázquez’s deal pays him $10MM annually. That’s a lot for a part-time catcher. Minnesota’s front office has been hamstrung by the budget for a second straight offseason. The Pohlad family ownership group has been loath to raise payroll as they explore a sale of the franchise. Minnesota has not made a single major league free agent signing this winter. Their biggest moves have been depth trades for Mickey Gasper and former top catching prospect Diego Cartaya.

The Padres are in a remarkably similar spot. While ownership isn’t selling the franchise, there’s litigation amongst the Seidler family for control. San Diego has slashed payroll for two straight years themselves. They also have not signed any major league free agents or made any trades of consequence.

Padres president of baseball operations A.J. Preller has his work cut out for him in addressing multiple areas of need with a limited budget. Catcher is probably the biggest issue on the position player side. San Diego hoped that Luis Campusano would run with the job in 2024. Instead, he hit .227/.287/.361 while grading as one of the league’s worst defensive catchers.

Campusano ceded the starting job to Kyle Higashioka down the stretch. Higashioka landed with the Rangers on a two-year free agent deal, leaving Campusano as the default projected starter. Brett Sullivan is the only other catcher on the 40-man roster. San Diego recently added Martín Maldonado on a minor league contract. He hit .119 in 48 games for the White Sox last season. Chicago released him in July.

The 34-year-old Vázquez would provide a significant defensive upgrade over Campusano. While he hasn’t produced at the plate in Minnesota, he was a league average hitter (.274/.315/.399) between the Red Sox and Astros back in 2022. There’s more hope for getting something offensively from Vázquez than there would be if they select Maldonado’s contract.

San Diego would not take on Vázquez’s entire salary. He’s comparable to Jacob Stallings ($2.5MM) and Austin Hedges ($4MM), each of whom signed cheap one-year deals as free agents this offseason. The Padres could push for Minnesota to eat at least half the money to facilitate a trade. Hayes and Lin write that the Twins are reluctant to pay down too much of the deal. Their primary motivation of trading Vázquez would be salary relief. They’d also perhaps need to earmark a couple million dollars for a veteran to back up Jeffers (e.g. Elias Díaz, Yasmani Grandal). The other catchers on their 40-man roster — Cartaya and Jair Camargo — have five combined games of MLB experience.

Minnesota is looking for a first baseman who can replace Carlos Santana. They’re seeking a right-handed hitting outfielder as well. Beyond Vázquez, Chris Paddack ($7.5MM) stands as their clearest trade candidate to create a bit of payroll room. To be clear, there’s no suggestion that the Padres have interest in reacquiring Paddack. Justin Turner, Anthony Rizzo and Ty France are among the unsigned first basemen. Mark Canha, Austin Hays and Randal Grichuk are a few righty-swinging outfielders still on the open market.

In addition to their catching pursuit, San Diego needs back-end rotation help and a replacement for Jurickson Profar in left field. They’re unlikely to achieve all of that without shedding salary in a trade of their own. Dylan Cease is their biggest trade chip. He’ll make $13.75MM in his final year of arbitration. Dealing him would be a huge hit to an already thin rotation, but they’d net MLB help in return while creating a decent chunk of short-term payroll space.

The Athletic reports that the Twins are among a number of teams that have shown interest in Cease. Vázquez obviously would not be a key piece in a trade of that magnitude, though he could be included as an ancillary part of a much larger package. As a comparison, Higashioka was probably viewed as the fifth-most valuable player in San Diego’s return from the Yankees for Juan Soto at the time of that trade.

Padres Have “Entertained” Interest In Robert Suarez

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As the Padres look to retool their roster ahead of the 2025 season, Dennis Lin of The Athletic reports that the club has entertained trade interest in both players that could reach free agency next winter and players under longer-term team control. In particular, Lin notes that the club has received interest in right-handers Dylan Cease and Robert Suarez as well as infielders Luis Arráez and Jake Cronenworth. It’s unclear whether or not the club is engaged in active negotiations regarding any of those players as things stand.

Cease and Arraez have both seen their names in the rumor mill frequently this winter, but Suarez and Cronenworth have been far less frequently discussed to this point. In fact, Lin himself suggested in early December that the Padres were inclined to keep Suarez at that point in the offseason. That the club has subsequently begun to entertain interest in the closer’s services is certainly worth noting. At the time, Lin relayed that Suarez’s trade value was complicated by the presence of an opt-out clause in his contract that would allow him to head to free agency after the 2025 season rather than receive $8MM salaries in 2026 and ’27.

Perhaps as the relief market has begun to develop, rival clubs have changed their evaluation of Suarez. With righty Jeff Hoffman landing a $33MM deal with the Blue Jays, veteran set-up man Andrew Kittredge securing a $10MM guarantee from the Orioles, and some reports suggesting closer Tanner Scott could land an AAV in the $20MM range this winter, it’s certainly feasible that the possibility of being on the hook for $26MM over three years if Suarez opts in has become more palatable. After all, Suarez’s 2.77 ERA in 65 innings as the Padres closer positions him as one of the better relief arms in the game and compares quite well with Kittredge in particular. With that being said, it’s also possible that the Padres have become more motivated to clear salary as the offseason has continued and are open to dealing Suarez even if the return is lighter than they would have accepted a month ago.

As for Cronenworth, it’s somewhat difficult to imagine the club getting a meaningful return for his services beyond salary relief. He was a perfectly serviceable infield option for San Diego in 2024, hitting a roughly league average .241/.324/.390 in 656 trips to the plate while splitting time between first and second base. That was enough to make Cronenworth roughly a two-win player according to both Fangraphs and Baseball Reference last year, a notable step up from 2023 but still well below the numbers he posted during his back-to-back All-Star campaigns in 2021 and 2022. With just over $72.7MM left on Cronenworth’s contract to be paid out over his age 31 to 36 seasons, the versatile infielder seems unlikely to be moved without the Padres eating significant salary or taking on another bad contract in return.

Interestingly, Lin suggests that the Padres would prefer to keep “at least” Arraez in the fold for 2025 out of those four names. That’s something of a surprise given Arraez’s hefty $14MM salary in his final year under team control and the fact that replacing him at first base could surely be done for much cheaper, thereby opening up payroll space to upgrade other areas. Even Lin acknowledges that Arraez’s pricey final year under contract could be an obstacle for San Diego as they look to retool their roster. With that being said, it’s possible that the market for Arraez hasn’t been especially robust. Few teams have been directly connected to the infielder this winter, and one rumored suitor was seemingly taken off the table when reports pushed back on the idea that the Yankees could have interest in acquiring Arraez to play second base for them in 2025.

However the club ultimately decides to go about moving salary, it seems all but certain they’ll need to make a trade or two before the season begins. RosterResource projects the club for a luxury tax payroll of just under $243MM in 2025, putting them about $2MM over the first threshold, with an actual payroll of just over $208MM. The club surely wants to duck under that first luxury tax threshold this winter, and previous reports have indicated that they want their final payroll to clock in below its current level while not necessarily dropping all the way back down to last year’s $169MM payroll. With clear needs in the outfield and rotation, it’s hard to imagine the Padres achieving all of their offseason objectives without moving at least one player due a significant salary in 2025, if not more.

Padres, Dylan Cease Avoid Arbitration

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The Padres and Dylan Cease have avoided arbitration, as reported by Kevin Acee of the San Diego Union-Tribune. The right-hander will earn $13.75MM in 2025. That’s $5.75MM more than his salary last season and just a hair over his $13.7MM salary projection, courtesy of MLBTR contributor Matt Swartz.

Cease, 29, was everything the Padres could have hoped for in 2024 after they sent Drew Thorpe, Jairo Iriarte, Samuel Zavala, and  Steven Wilson to the White Sox last March to acquire him. In a league-leading 33 starts, Cease pitched to a 3.47 ERA and 3.46 SIERA. He finished fourth in NL Cy Young voting. The Padres went 20-13 (.606) in his outings.

The 2024 campaign marked a resurgent bounceback for Cease following his disappointing 2023. After finishing runner-up in the AL Cy Young race in 2022, the righty lost velocity on his fastball the next season and finished with a 4.58 ERA. The underlying numbers suggested Cease was the victim of some rotten luck (and some terrible defense), but no matter how you sliced it, he didn’t look quite as dominant as he was the year before. In addition to his declining velocity, his strikeout rate was down, his hard-hit rate was up, and his 4.10 SIERA ranked 25th out of 43 qualified pitchers.

In 2024, Cease put all concerns to bed and proved he is still a frontline starting pitcher. His velocity was back up on all his pitches, and he even toyed with a new sweeper – to good results (.218 wOBA, 38.5% whiff rate). He ranked among the top 10 qualified pitchers in SIERA, FIP, and xERA, while cementing himself as one of the most durable starters in the league. Over the past four years, no one has started more games. Even the diminished version of Cease on display in 2023 would be well worth a $13.75MM salary. If he’s at the top of his game again in 2025, he’ll be one of the more underpaid aces around. Fortunately for Cease, if he can do that, he’ll be putting himself in a strong position to cash in big as a free agent next winter.

As for the Padres, they’ll be even more reliant on Cease in 2025 after losing fellow All-Star righty Joe Musgrove to a UCL injury in October. After undergoing Tommy John surgery, Musgrove will miss the entire 2025 campaign. That makes it all the more surprising that Cease’s name has come up in trade speculation this offseason. While there is no indication the Padres are actively shopping their ace, teams have inquired about his availability, and president of baseball operations A.J. Preller has not said anything to shut down the trade rumors. As ESPN’s Jeff Passan recently wrote, teams that have called the Padres about Cease “haven’t been rebuffed entirely.”

The Padres are reportedly trying to get their payroll down to somewhere in between last year’s $169MM total and this year’s current estimate of $208MM (per RosterResource). Trading Cease and his $13.75MM salary could allow the Padres to accomplish that. He’s not their most expensive player, but of the nine Padres set to earn eight figures in 2025, he is certainly the most tradeable. Still, the Padres are planning to compete this season, and it’s very difficult to imagine them trading their best starting pitcher to trim payroll without significantly hurting their chances in the NL West. It’s hard enough to find a pitcher of Cease’s caliber at any price, let alone on a one-year, $13.75MM deal.

What Could The Padres Expect For Dylan Cease?

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The Padres have yet to make a significant move this offseason. San Diego hasn't made a single major league free agent or trade acquisition. It's clear they're hamstrung financially. The complaint filed by Peter Seidler's widow against the late owner's brothers only adds to the overall organizational uncertainty.

If San Diego is going to make any upgrades of note, they'll need to first offload some money. It seems the Padres intend to get below the $241MM luxury tax threshold. RosterResource calculates their CBT number around $244MM. There are a few ways they could try to accomplish that. The ideal scenario would be to offload some of the money owed to Xander Bogaerts or Jake Cronenworth, but trading an underwater deal isn't easy. San Diego could move Luis Arraez but seems to want more value in return than other teams are willing to offer.

As a result, Dylan Cease has been at the periphery of offseason trade rumors. Reporting at the Winter Meetings suggested that the right-hander was available. There hasn't been any indication that they've moved close to a deal in the past month. It seems they're mostly status quo. ESPN's Jeff Passan wrote this week that the Padres have been willing to hear other teams out on Cease, though he doesn't suggest that San Diego is actively shopping him.

Unlike Bogaerts, Arraez and Cronenworth, Cease holds immense trade value. The Padres could demand a significant package while offloading his entire salary. They'd need to weigh that against subtracting arguably their best starter from a rotation that comprises Cease, Michael King, Yu Darvish and a host of question marks.

If the Padres decide they're motivated to move Cease within the next two months, what kind of return should they expect? A few trades over the past two offseasons provide some indications about how the market could value him.

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