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Padres Notes: Cronenworth, Cease, King, Suarez

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The Padres activated Jake Cronenworth from the 10-day injured list yesterday, and the infielder went 1-for-3 with two walks and two runs scored in Friday’s 13-9 win over the Rockies.  Cronenworth ended up missing almost exactly a month of action due to a non-displaced fracture in his right ribs that he suffered after being hit by a pitch.

Since the bone isn’t fully healed, Cronenworth told reporters (including Kevin Acee of the San Diego Union-Tribune) that he will wear a padded undershirt for the time being, and he’ll add another layer of padding when he is at the plate.  Despite the precaution, Cronenworth said he is feeling good, and might have been able to return from the IL earlier but the team wanted to wait until the bone had healed to the point that a re-aggravation is less likely.

The injury cut short a hot start for Cronenworth, who has a .263/.429/.474 slash line over his first 49 plate appearances of the 2025 season.  Some regression is inevitable, but the Padres are certainly hoping he can keep providing at least some level of above-average production, after Cronenworth batted a subpar .236/.318/.385 in 1178 PA in 2023-24.

As San Diego’s lineup gets healthier, Dylan Cease also seems to have avoided any kind of injury after he left his last start with a forearm cramp.  While any sort of forearm issue is cause for concern, Cease got through a 90-foot game of catch on Friday (part of his usual between-starts routine) with no issue, so it seems as if the right-hander should be making his next outing.  Since the Padres didn’t play this past Thursday, Cease can even have an extra day of rest to fully ensure he is ready for his next scheduled start, on Wednesday against the Angels.

Cease has yet to get fully on track this season, as the righty has posted a 4.91 ERA over eight starts and 40 1/3 innings.  There isn’t much of a marked change in Cease’s peripherals from 2024, so his inflated ERA might simply be a case of bad batted-ball luck (a .333 BABIP).  The standout number might be that Cease’s signature slider has been “only” a pretty good pitch in 2025, as opposed to when it was arguably the most devastating pitch in the majors in both the 2022 and 2024 seasons.

Getting back to top form is of particular importance to Cease this season, as he’ll be perhaps the top pitcher available in free agency this coming winter if he delivers a strong campaign.  Since both Cease and fellow starter Michael King are slated to become free agents, both pitchers were heavily mentioned in trade rumors throughout the offseason and even deep into Spring Training.  As it turned out, San Diego ended up retaining both starters, and the New York Post’s Jon Heyman writes that “the Padres would love to keep one of” the duo over the long term.

Keeping just one (at most) of the starters always seemed like the most logical outcome for the Padres, given how both Cease and King are on pace to command big salaries and San Diego already has a lot of long-term contracts on the books.  The logic behind the trade speculation was that the Padres might look to move some salary and address other needs by trading whichever of the two pitchers they felt less confident about signing, but the Friars instead pivoted by keeping not just Cease and King, but most of the other higher-priced players rumored to be on the trade market.

Robert Suarez was one of those players who reportedly received some trade interest, but “no team made a serious play for” his services, Heyman writes.  The flame-throwing Suarez racked up 36 saves last season while posting a 2.77 ERA and an above-average walk rate in 65 innings.  Some of his other metrics were more middling, however, and Suarez’s age (he turned 34 in March) and his contract status were perhaps obstacles to a deal.

Suarez is owed the remainder of a $10MM salary this season, and is owed $8MM in each of the 2026 and 2027 seasons.  However, those final two seasons are actually player options, and at season’s end, Suarez can either simultaneously trigger both options, or opt out entirely to re-enter free agency.  Given this uncertain contract status, teams might not have wanted to give up too much for just one year of control if Suarez opted out, or some other teams might have been wary about being on the hook for $26MM to a 34-year-old reliever.

The lack of attractive offers may have made the decision to keep Suarez pretty easy for the Padres, but in any event, the club is surely glad the closer is still on the roster.  Suarez has a superb 0.51 ERA in 17 2/3 innings, with a league-high 15 saves and a greatly improved 29.5% strikeout rate.  A .154 BABIP is surely contributing to Suarez’s success, but even if Suarez’s 2.87 SIERA is a better reflection of his actual performance, that is still more than solid.

MLBTR Podcast: Free Agent Power Rankings

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Steve Adams and Anthony Franco of MLB Trade Rumors to discuss MLBTR’s first edition of the 2025-26 Free Agent Power Rankings, including these focal points…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of David Frerker, Imagn Images

Latest On Dylan Cease, Michael King

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As is the case every year, Spring Training has brought a handful of significant pitching injuries. The Yankees have been hit the hardest. They confirmed this evening that they’re losing Gerrit Cole to Tommy John surgery — a week after Luis Gil went down for months with a lat strain. The Mets will open the season without Sean Manaea or Frankie Montas. The Mariners (George Kirby) and Orioles (Grayson Rodriguez) will each begin the year without a pitcher who would’ve been in the upper half of their respective rotations.

The injuries have reignited speculation about a Spring Training jolt to the trade market. A few fanbases are surely hoping their teams can line up with the Padres. San Diego entertained interest in impending free agents Dylan Cease and Michael King early in the offseason. President of baseball operations A.J. Preller has shown a willingness to make significant trades at unconventional times on the calendar, including last spring’s deal to land Cease from the White Sox.

That still seems unlikely. Preller indicated at the start of camp that the team’s focus was on retaining its rotation. That hasn’t stopped teams from calling about the Padres’ top two starters. However, Kevin Acee of The San Diego Union-Tribune writes that King is “virtually assured” of sticking with San Diego into the regular season. The door seems just slightly more open on Cease. Acee reports that the Padres would only consider moving Cease if the return includes a significant upgrade in one or more of their weakest lineup positions: catcher, left field, and designated hitter.

Budgetary constraints limited the Padres’ free agent activity for most of the offseason. They moved late to add Nick Pivetta on an extremely backloaded four-year free agent deal. A few days later, they brought in Kyle Hart on a $1.5MM contract. They could round out the rotation behind Cease, King, and Yu Darvish. San Diego opted for low-cost acquisitions to fill out the lineup. Elias Díaz is back on a $3.5MM contract to catch. They added Jason Heyward and Connor Joe for a combined $2MM to work as the left field platoon. The Padres don’t have a set designated hitter.

Rotation depth is still a question. Hart is coming off a strong season in Korea, but he has 11 career MLB innings (which came five years ago). Injuries will force them to rely on the likes of Randy Vásquez, Stephen Kolek and Matt Waldron throughout the season. It’s hard to envision them trading Cease without netting at least one starting pitcher who’d jump directly into their rotation. Other teams are presumably reluctant to part with a controllable starter and a significant lineup upgrade. That’s especially true at a stage of the offseason when they wouldn’t have many options to backfill the lineup in free agency.

King and Cease could be the subject of more realistic trade rumors in a few months depending on the team’s place in the standings. They’d be highly sought after rental targets if the Padres underperform in the first half. San Diego will almost certainly make qualifying offers to both pitchers if they don’t deal them, but they’d land much stronger prospect returns in trade if they fall out of contention.

Padres Reportedly Expected To Keep Dylan Cease, Michael King

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12:01pm: President of baseball operations A.J. Preller was asked about the Cease rumors today. “He’s a very big part of our club,” Preller said, per AJ Cassavell of MLB.com. “The additions the last couple days supplement what’s a really good rotation. That’s our focus here going forward — having that strong rotation.”

10:30am: Rumors have swirled all winter about the Padres trading a starting pitcher such as Dylan Cease or Michael King. Yesterday, they added to the rotation by agreeing to a deal with Nick Pivetta. They made another modest rotation add today by signing lefty Kyle Hart. It would be fair to wonder if those signings were precursors to a trade but Dennis Lin of The Athletic reports that the club is “inclined” to keep their starters and open the season with a rotation of Cease, King, Pivetta and Yu Darvish. That report came out before the Hart signing, though it seems unlikely that such a modest deal would impact the club’s plans for a headline-grabbing deal.

It’s a perfectly logical stance from a roster perspective. The rotation depth has appeared thin all winter. Joe Musgrove required Tommy John surgery in October, putting a big hole in the starting group. Cease, King and Darvish gave the club a decent three but the depth options all had question marks. Matt Waldron showed some potential in the first half of last year but had an 8.10 ERA in the second half. Guys like Randy Vásquez and Jhony Brito had some passable ERAs last year but with middling strikeout rates.

The only reason a trade of Cease or King was even considered was the club’s financial situation. They had spent aggressively for several years but then they hit a wall in 2023. Their TV deal collapsed, putting a dent in revenue. There were plans to scale back spending going into 2024, even before Peter Seidler died, which has led to an ongoing ownership squabble.

The financial squeeze led the Padres to trade Juan Soto and Trent Grisham last offseason for a five-player package. Losing Soto certainly wasn’t ideal but it saved some money and helped add some pitching depth. This winter, the thought was that a similar trade might be necessary, with names like Cease, King, Luis Arráez and Robert Suarez thrown around as possible candidates. None of those players are as talented or expensive as Soto but the theoretical plan would be similar, to trade one good but pricey impending free agent for several lesser but cheaper and controllable players to patch several roster holes.

Lin’s report now suggests that isn’t likely to come to fruition. He does leave the door open a little bit, suggesting the Friars could be bowled over by an offer from another club, but it seems holding this rotation core is the mostly likely outcome. Assuming the club doesn’t pivot to a trade, they will go into camp with a strong front four and with Hart jumping into a competition for a back-end role alongside Waldron, Vásquez and others. Stephen Kolek is also going to be stretched out to potentially give some extra depth.

Perhaps the club never got a trade offer that they found particularly compelling or perhaps they simply decided to creatively dance around the payroll situation. Trading a starter to improve rotation depth was always going to be a difficult task, so perhaps they thought it better to just address their holes on a budget. In left field, it seems that a platoon of Jason Heyward and Connor Joe is the move. They each got a $1MM guarantee plus bonuses, so the Friars only committed $2MM there.

Elias Díaz got a $3.5MM guarantee to join Luis Campusano behind the plate, but even that modest guarantee was backloaded. Díaz will get a $1.5MM guarantee and then a $2MM buyout on a $7MM mutual option. The buyout won’t be due until the end of the season, so it allows the Padres to avoid more than half of that guarantee in the short term.

The Pivetta deal is also significantly backloaded. Though he’s guaranteed $55MM on his four-year deal, he’ll only get $4MM this year, in the form of a $3MM signing bonus and $1MM salary. The remaining $51MM will be paid out with salaries of $19MM, $14MM and $18MM in the three following seasons, with Pivetta able to opt out after the second and third seasons. Even King’s $7.75MM salary to avoid arbitration helped the club in the short term. That money breaks down as a $3MM signing bonus, $1MM salary and then a $3.75MM buyout on a $15MM mutual option. Hart’s deal only guarantees him $1.5MM, with $500K of that being a club option buyout.

Because of those creative maneuvers and some other backloaded deals, the Friars have a big gap between their actual payroll and competitive balance tax number. The latter is calculated via the average annual value of contracts, so a guy like Pivetta will have a $13.75MM CBT hit this year, even though he’ll make far less than that in 2025.

RosterResource currently pegs the Friars for a $259MM CBT number but an actual payroll of just $207MM. That payroll is still a big spike from last year but perhaps it’s manageable enough that the club doesn’t have to pivot to trading Cease or King. The CBT number will lead to some taxes, but they will be modest.

The Padres reset their tax status by ducking under the line last year, meaning they would be “first-time” payors if they pay in 2025. That means their base tax rate is 20% on overages. With their current projection, that would lead to a tax bill of just $3.6MM. That’s also not calculated until the end of the season. If things go poorly during 2025, they could flip Cease, King or other players at the deadline, thus lowering their tax bill or ducking under the line completely.

They could also cut down this year’s payroll in the short term in other ways, with Lin suggesting a trade of Suarez is more likely than one involving Cease. Suarez is making $26MM over the next three years, broken down as $10MM this year and $8MM in the final two seasons of his deal. However, he can opt out of his contract after 2025, which will complicate trade talks.

It’s hard to agree on fair trade value when opt-outs are involved. For an acquiring team, they know they will only get one year of Suarez if he performs well. He would only stick around for 2026 and 2027 if he pitches poorly or is hurt. The limited upside and significant downside generally makes clubs unwilling to give up significant talent for such an arrangement.

For clubs still looking for a frontline starter like Cease, they don’t really have other options at this stage of the winter. The free agent market does still have some guys available, such as Andrew Heaney, Jose Quintana, Kyle Gibson, Jakob Junis and others, but they are more mid-rotation or back-end options. Guys like Marcus Stroman and Jordan Montgomery are likely available in trade but they’re also mid-rotation guys at best and coming off difficult seasons.

Teams such as the Mets, Twins, Cubs and Orioles have been connected to Cease but they haven’t been able to get him thus far. Other clubs would be sensible fits. Unless they bowl over the Padres or the Friars are just posturing for leverage, those clubs might have to be patient. They could consider some of the aforementioned mid-rotation options or wait to see if the deadline offers the big rotation upgrade they seek.

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.

Padres, Michael King Avoid Arbitration

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The Padres announced Friday that they’ve avoided arbitration with right-hander Michael King, coming to terms on a one-year deal with a mutual option for the 2026 season. Kevin Acee of the San Diego Union-Tribune reports that King will be guaranteed $7.75MM, taking the form of a $3MM signing bonus, just a $1MM salary, and a $3.75MM buyout on a $15MM mutual option. King can boost his guarantee to $8MM, as the contract includes a $50K bonus for reaching 20 starts and bonuses of $100K for reaching 25 and 28 starts. The structure of the deal will perhaps free up a bit of 2025 budget for a payroll-crunched Padres club. King and his reps at Excel Sports Management had filed for an $8.8MM salary. The Padres countered at $7.325MM.

While the arrangement nominally extends the window of control over King, mutual options are at best a technicality; they’re almost never picked up by both sides. The player either outperforms the option value and declines in favor of a trip to free agency, or he underperforms and/or sustains an injury that prompts the team to decline and move on. It’s been more than 10 years since two parties agreed to exercise their end of a mutual option (Matt Belisle, Rockies in Nov. 2013).

Still, by including a mutual option on the contract, the Padres technically stick to the near-leaguewide file-and-trial mantra, wherein teams cut off negotiation on one-year deals once salary figures are exchanged. King’s deal is, of course, a one-year contract — but the presence of the option renders it moot for future arbitration negotiations. Even though there’s virtually no chance of the option being exercised, its mere presence means that King’s agreement cannot be used as a comp (for the Padres or for other clubs) when negotiating contracts with players who are comparable in terms of statistics or service time.

King, 29 (30 in May), was acquired from the Yankees as one of five players in last season’s Juan Soto blockbuster with the Yankees. He’d been primarily a reliever prior to his inclusion in that swap, though a terrific nine-start stretch late in the 2023 season had thrust him into the Yankees’ rotation plans. Instead, he had his first full season as a starter in San Diego rather than the Bronx, and the results were outstanding. In a career-high 173 2/3 frames, King turned in a 2.95 ERA with a 27.7% strikeout rate, an 8.7% walk rate and a 40.4% ground-ball rate. He now sports a 2.91 ERA in his past 392 2/3 innings, spanning the 2021-24 seasons.

As a free agent following the season, King’s name has floated around the rumor circuit for a Padres club that has had payroll questions all offseason. San Diego hopes to contend in 2025, so the only way they’d move King (or rotationmate and fellow pending free agent Dylan Cease) would be if the return included an immediate rotation replacement and additional big league-ready talent. Teams in search of rotation help will continue to inquire, as it seems inevitable that the Padres will eventually make some kind trade to free up payroll space and simultaneously plug some roster holes.

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:

Padres Have Discussed Michael King In Trade Talks

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The month of January is almost done, which means pitchers and catchers will be reporting to spring training in a couple of weeks, but there is still plenty of offseason business left to be resolved. Ken Rosenthal of The Athletic reports that part of the reason things are moving slowly is that there are still lots of ongoing trade talks, with Dylan Cease and Michael King of the Padres “among the starting pitchers who remain in play.”

Cease’s name has been in plenty of rumors this winter but this is the firmest indication of the winter that King is potentially available as well. The logic for the Friars considering a trade is the same for both pitchers, as each is going into his final season of arbitration control.

The Padres are clearly working with financial restraints this winter, though their exact spending ability isn’t totally clear. For much of the winter, reporting indicated that they needed to cut their projected 2025 payroll. But reporting from recent days suggests the club may be able to keep their projected spending around its current level, give or take.

Even if the Friars don’t have to significantly cut spending, considering trades of players like Cease or King is still understandable. The club needs to address left field, catcher, the rotation and maybe shortstop as well. With little wiggle room in the budget, signing free agents to fill those holes will be difficult. The club’s biggest contracts are hard to move since each of Fernando Tatis Jr., Manny Machado, Xander Bogaerts, Yu Darvish and Joe Musgrove has a full no-trade clause. Jake Cronenworth has partial no-trade protection and his contract isn’t terribly appealing at the moment.

In a similar position last winter, the Padres felt they needed to move on from Juan Soto while he was one season away from free agency. By flipping Soto and Trent Grisham to the Yankees, the Padres brought back five players who were less established but nonetheless improved the depth in the rotation and behind the plate. One of the players they got back was King, another was Drew Thorpe, who helped the Padres get Cease from the White Sox.

Now with another budget crunch, players like Luis Arráez, Cease and/or King could be this year’s Soto. All three are one year away from the open market and have no ability to stop a trade. Arráez will  make $14MM this year and Cease $13.75MM. King and the Padres didn’t come to an agreement prior to the arbitration filing deadline and are slated for a hearing. He filed at $8.8MM and the club at $7.325MM.

The lesser price is a reflection of King’s smaller track record compared to Cease. While the latter has been an established big league starter for a long time now, King really only has one season as a true bona fide rotation option. He spent much of his Yankee career in a swing role, oscillating between the rotation and bullpen. Late in 2023, with the Yankees out of contention, he put together a strong run of starts and seemed to have the potential for a larger role.

The Padres made a bet on him by acquiring him as a key piece of the Soto deal, and that worked out quite well. King tossed 173 2/3 innings over 31 appearances last year, with 30 of those being starts. The other was a long relief outing during the Seoul Series, before the season had begun in earnest. He allowed just 2.95 earned runs per nine on the year, with a 27.7% strikeout rate and 8.7% walk rate. He also made two postseason starts for the Friars, adding another 12 innings with a 3.75 ERA. He finished seventh in National League Cy Young voting.

That should give King plenty of trade appeal going into 2025. While the track record isn’t as long as that of Cease, the price is well below market rates for starting pitching. Alex Cobb and Justin Verlander each got $15MM one-year deals this offseason. Cobb is 37 years old and Verlander about to turn 42, with both pitchers having been injured for much of the 2024 campaign.

A King trade would clear less payroll space for the Padres than one involving Cease or Arráez, since King is slated to make about half as much as the other two. Still, if the Padres find an offer to their liking, the logic would be similar. They could theoretically flip King for cheaper but less established players, perhaps addressing one of their many needs while also improving their depth in other areas. They’d also gain $8MM or so, give or take, to dedicate to other pursuits.

It would be a tricky tightrope to walk since the rotation already needs upgrading as it is and subtracting King or Cease would only add to their need in that department. But given the financial circumstances, it’s something they will have to think about. As of right now, the rotation consists of Darvish, King, Cease and plenty of uncertainty. Guys like Matt Waldron, Adrián Morejón or others could fill in the back but those guys have some question marks.

Time will tell if anything comes from these trade talks. The Padres have been in this situation for most of the winter but have been very quiet. Perhaps that’s due to the fact that they were a serious suitor for Roki Sasaki and wanted to know his choice before proceeding. With Sasaki signing with the Dodgers last week and spring training now so close, perhaps the Padres will blink on something. On the other hand, free agents like Jack Flaherty, Nick Pivetta and Andrew Heaney are still out there, which could prevent clubs from aggressively pushing the Padres for a deal. Pitchers like Marcus Stroman, Luis Castillo, Jordan Montgomery and Chris Paddack are likely available in trades as well. The position player market still features Alex Bregman and Pete Alonso, with those staring contests perhaps broadly holding things up as well.

Padres “Exploring” Dylan Cease’s Trade Market

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As the Padres face payroll constraints amid an offseason where starting pitching has been at a premium, the possibility of San Diego fielding interest on right-hander Dylan Cease emerged earlier today with Kevin Acee of the San Diego Union-Tribune suggesting that the club is anywhere from actively “trying to unload” the right-hander to merely “open to offers” on him. This evening, The Athletic’s Dennis Lin characterized the situation slightly differently, reporting that the club is “at least exploring” Cease’s trade value but also cautioning that San Diego “prefers” to keep Cease in the fold and a trade is not considered likely at this time.

The Padres have plenty of needs this winter, including help in the outfield, starting rotation, and behind the plate. Dealing Cease from a 2025 rotation where he projects to feature prominently alongside Yu Darvish and Michael King would be a substantial hit to an already thin rotation mix, of course, even with with Matt Waldron, Randy Vasquez, Adrian Morejon, Bryan Hoeing, and Stephen Kolek as potential back-end options available internally. It’s for that reason Lin reports the club would seek “multiple controllable players,” including “one or more” starting pitchers. If San Diego were unable to secure enough rotation help from a Cease trade, Lin adds, then they would likely look to flip those players to land other rotation pieces.

Given the club’s rotation needs, it may raise some eyebrows that the club could consider trading Cease even if they don’t receive controllable pitching in return. The logic behind that possibility, per Lin, stems in part from the club’s pessimism regarding their ability to keep Cease in San Diego long-term. While Lin notes the club still “harbors some hope” that they may be able to extend King before he reaches free agency next winter, they believe they have no such chance of being able to afford Cease following the 2025 campaign, when MLBTR contributor Matt Swartz projects him to make $13.7MM in his final trip through arbitration.

If Cease were to be traded for young talent, that $13.7MM could be re-invested into the roster and potentially used to a player in free agency, whether that be a mid-level starter like Jose Quintana or Kyle Gibson or help in the outfield, perhaps even in the form of a reunion with Jurickson Profar. Much as that salary relief could be a huge boon to the Padres, it’s not an especially cumbersome figure overall. For that reason, Lin suggests that Cease could find a much wider range of suitors on the trade market this winter than Juan Soto did when San Diego shopped him last year, even as Cease isn’t nearly as impactful as the league’s newly-minted $765MM man.

At least one suitor for Cease’s services has already been named, as MLB Network’s Jon Morosi reported earlier today that the Red Sox are among the teams with interest in Dylan Cease. Boston has long been known to be targeting help at the top of their rotation, and after the club fell short in the pursuit of southpaw Max Fried today their interest in working out a deal to acquire Cease has surely only grown. The Red Sox currently seem focused on courting right-hander Corbin Burnes as they search for top-of-the-rotation help, but the possibility of the club looking to add two front-end starters this winter has been bandied about at times throughout the offseason so even landing a player of that caliber wouldn’t necessarily preclude a deal from taking place.

The Red Sox have a tantalizing cachet of top prospects in their system, though the likes of Roman Anthony and Kristian Campbell are generally considered to be untouchable in trade discussions. Catcher Kyle Teel, outfielder Wilyer Abreu, or perhaps even right-hander Garrett Whitlock would be perfect fits San Diego’s needs, though it’s unclear if the Red Sox would be willing to part ways with any of those players in a deal for a rental piece like Cease. While Abreu in particular has been floated frequently as a potential trade candidate this winter, those rumors have typically tended to frame Abreu as the headliner for a package that would land a controllable piece like White Sox lefty Garrett Crochet rather than for a rental arm like Cease.

The Juan Soto Blockbuster Has Been Even Better Than Expected

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Last winter's Juan Soto trade was the biggest in a long while -- probably the most significant since the previous Soto deal. The Padres were slashing payroll and didn't want to accommodate a salary north of $30MM for his final year of arbitration. Extension talks never got off the ground. The Padres were about to lose four potential starting pitchers to free agency, leaving them with Yu Darvish, Joe Musgrove, and a bunch of questions.

San Diego determined to build their return for Soto around MLB-ready starting pitching. They'd not only shed payroll but directly address the biggest need on the roster. It's impossible to trade Juan Soto and not deal a huge hit to the lineup, but the Padres could mitigate some of that loss by bringing back rotation help. Even the San Diego front office probably didn't envision it turning around the staff to this extent.

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