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Padres Leaning Towards Holding Robert Suarez

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The Padres just landed a superstar reliever in the biggest move of deadline season. Mason Miller’s presence theoretically gives the Padres more freedom to trade incumbent closer Robert Suarez in the next three hours. That doesn’t appear to be the team’s plan, though.

Kevin Acee of The San Diego Union-Tribune and Dennis Lin of The Athletic each wrote this afternoon that the Friars were leaning towards holding Suarez. Both reports note that they’re still entertaining a trade of impending free agent starter Dylan Cease. Suarez is likely to hit free agency this winter as well. He’s expected to opt out of the remaining two years and $16MM on his contract. Cease is a pure rental who is making $13.75MM.

Suarez’s opt-out makes him a more complicated trade candidate. Other teams could have trepidation about the possibility of a late-season injury that causes him to bypass the out chance. That’s something they’d want to price into the prospect return they’re offering San Diego. It could explain why the Padres don’t appear to have found much traction on a return they consider compelling. Instead, they seem inclined to stick with a monster bullpen including Miller, Suarez, Jeremiah Estrada, Jason Adam and Adrian Morejon to shorten games for what they hope will be a deep playoff run.

The focus now appears to be on an outfielder. San Diego has reportedly addressed their catching need by landing Freddy Fermin from Kansas City for back-end starters Ryan Bergert and Stephen Kolek. They still need to add a left fielder; Acee writes that acquiring a right-hand hitting outfielder would be ideal.

Padres Interested In Mason Miller, Continuing To Pursue Jarren Duran

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The Padres continue to lurk on some of the top potential trade candidates. Jen McCaffrey of The Athletic wrote this afternoon that San Diego remains enamored with Red Sox left fielder Jarren Duran. Dennis Lin and Ken Rosenthal at The Athletic write that the Friars are involved on Guardians left fielder Steven Kwan as well. Lin and Rosenthal also report that the Padres have interest in A’s flamethrower Mason Miller.

Miller remains a long shot trade candidate but would be one of the most impactful arms available if the A’s seriously consider dealing him. Rosenthal reported this afternoon that the Phillies, Mets and Yankees had all been in touch with the A’s. The Phils and Mets were evidently deterred by the asking price. Philadelphia went on to acquire Jhoan Duran, while the Mets added Ryan Helsley. The Yankees have not pivoted to a different late-game weapon. However, SNY’s Andy Martino suggested this evening that the A’s asking price was high enough that talks with the Yanks had yet to become especially serious.

The Padres have two prospects on Baseball America’s most recent Top 100 update: infielder Leo De Vries at #5 and catcher Ethan Salas at #65. They’d previously been reluctant to part with either player. Salas’ stock has dipped in recent months, largely because of a back injury that has kept him on the minor league injured list since late April. Salas is still a very good prospect, but De Vries is the clear top talent in the system.

San Diego could have a tough time acquiring an impact player with multiple years of control unless they’re willing to put De Vries on the table. Rosenthal and Lin write that the Padres are at least willing to discuss De Vries and Salas in trade conversations. It stands to reason they’d prefer to build a package around the latter, but his injury might make that difficult right now.

MassLive’s Sean McAdam suggested last week that the Red Sox rebuffed a framework built around Salas and Dylan Cease in talks on Jarren Duran. McCaffrey suggested today that Boston would be more open to building a Duran package around Cease and De Vries. That might be a bridge too far for San Diego.

The Padres’ interest in Miller comes as the Friars are simultaneously considering trading away MLB pitching. They’ve been open to offers on Cease for a few days, listening on the impending free agent starter while separately acquiring controllable pitching. There’d be a similar logic in shopping closer Robert Suarez, who may opt out of the remaining two years and $16MM on his contract. Jon Heyman of The New York Post relayed this morning that Suarez is indeed in play in talks with other clubs. (As impending free agents, neither Cease nor Suarez would be of any interest to the A’s.)

San Diego could try to arrange a Suarez deal while making a push for Miller to replace him in the ninth inning. Rosenthal and Lin also float the possibility of the Padres stretching Miller back out as a starting pitcher. That’d be a very difficult ask midseason but could be more viable next spring. Miller moved to the bullpen because of a concerning injury history that included shoulder and elbow issues. Throwing as hard as he does puts plenty of stress on a pitcher’s arm. Still, the upside of returning Miller to a rotation role would be tantalizing. The Padres have had success with Seth Lugo, Michael King and (to a much lesser extent) Stephen Kolek as reliever to rotation conversions. Cease and King are impending free agents, and there’s not much in the way of controllable starting pitching to go around.

None of this is to say that San Diego making a blockbuster acquisition is likely. The A’s control Miller for four and a half seasons. They’re not going to trade him for anything less than a monster haul. It’d take a bigger return than what the Phillies sent to Minnesota for two and a half years of control over Jhoan Duran: top 100 catching prospect Eduardo Tait and young starter Mick Abel. That’s probably also true for Jarren Duran and Kwan, All-Star caliber outfielders who are controllable for multiple seasons. A lot could hinge on De Vries, but if the Padres are genuinely willing to consider dealing one of the 10 or so best prospects in the sport, that’d open plenty of opportunities for a huge swing.

Should The Padres Listen To Offers On Their All-Star Closer?

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Despite being deadline buyers, the Padres are hearing teams out on Dylan Cease. He’s an impending free agent who could theoretically allow them to acquire young talent they could flip for a more controllable starting pitcher or help elsewhere on the roster.

There’d be a similar logic for San Diego in entertaining offers on All-Star closer Robert Suarez. The 34-year-old righty is expected to opt out of the remaining two years and $16MM on his contract. He’s playing on a $10MM salary this year, around $3.2MM of which will be owed from the deadline through the end of the season. While that’s a bargain rate for a very good reliever, it’s not an insignificant amount for a team that had very little short-term payroll room all offseason.

San Diego reportedly fielded interest in Suarez throughout the offseason. They obviously didn’t find an offer to their liking. That was also the case for Cease but hasn’t stopped them from taking calls this summer. ESPN’s Jeff Passan suggested on Wednesday that the Padres could make Suarez available as well.

The Padres have a trio of high-end setup options in Jeremiah Estrada, Jason Adam and Adrian Morejon. Rookie right-hander David Morgan has a 2.25 ERA while striking out a quarter of opponents in his first 24 big league innings. Morgan doesn’t have any high-leverage experience, but he regularly hits 98 MPH with his fastball and has a plus curveball. He certainly has late-inning caliber stuff. If they were to trade Suarez, the Padres could give Morgan some more meaningful assignments while using Estrada or Adam in the ninth inning.

A trade would only make sense if the Padres get big league talent in return (either directly or by flipping some of the prospects to a third team). They need to add a left fielder and could be in the catching market. The rotation depth is questionable, especially with Yu Darvish struggling in his first four starts off the injured list. Their farm system isn’t strong beyond their top two prospects, Leo De Vries and Ethan Salas, whom they’re unlikely to move. Trading off the big league roster in some capacity seems likely — even though the conventional play would be to deal rookies like Morgan or starter Ryan Bergert for more established veterans.

Suarez leads MLB with 29 saves. He tallied 36 saves last season and carries a 3.46 ERA across 41 2/3 innings. Almost all of the damage has been confined to a pair of five-run disasters. Outside of those two appearances, he has allowed seven combined runs. 36 of his 44 appearances have been scoreless. Suarez has fanned nearly 27% of batters faced against a 7.3% walk rate. His opt-out clause could give some teams pause — the remaining $16MM in guarantees are pure downside for an acquiring club if he gets injured late in the season — but he’s affordable and effective enough that the Padres should find plenty of interest if they seriously considered making him available.

MLB Issues Suspensions Related To Dodgers-Padres Incidents

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Major League Baseball has announced suspensions related to last night’s benches-clearing incident between the Padres and Dodgers. San Diego closer Robert Suarez was suspended three games for “intentionally hitting” Shohei Ohtani with a pitch. Suarez, who was also hit with an undisclosed fine, has elected to appeal and remains on the roster during that process.

Additionally, both managers were suspended for one game for “unsportsmanlike conduct and for contributing to inciting the benches-clearing incident.” Managers do not get an appellate right, so Dave Roberts and Mike Shildt will both be unavailable tonight. The Dodgers are hosting the Nationals, while the Padres welcome the Royals to Petco Park. Roberts told Fabian Ardaya of The Athletic that bench coach Danny Lehmann will manage tonight’s game.

The suspensions are related but not all directly from the same sequence. The managers were suspended for their actions in the top of the ninth inning. Dodgers righty Jack Little, making his MLB debut, hit Fernando Tatis Jr. on his right hand with a 93 MPH fastball. It seems unlikely that Little intended to throw at Tatis, which is reflected in the league’s decision not to impose any discipline. (The Dodgers optioned Little back to Triple-A tonight.)

It was the second time that Tatis had been hit in the series, though. He’d also been hit with a pitch during these teams’ previous series one week before. The final beaning came at the end of a very tense four-game set. Dodger outfielder Andy Pages accused Dylan Cease of throwing at him on Monday. Tatis, Jose Iglesias and Ohtani were all plunked on Tuesday. Stephen Kolek drilled Pages again on Wednesday, and Lou Trivino had hit Bryce Johnson with a cutter earlier in Thursday’s game.

Shildt raced out of the dugout to check on Tatis after Little had plunked him. San Diego’s skipper had some choice words for the Dodger dugout along the way. That prompted Roberts to come onto the field. He got into Shildt’s face and bumped him, leading both dugouts to empty. Both managers were ejected. Tatis was removed from the game as an injury precaution. Little stayed in to finish the inning. The Padres had some trepidation about Tatis’ initial imaging results, but he’s fortunately back in the lineup tonight.

Suarez then came out of the bullpen for the bottom of the ninth. He hit Ohtani on the right shoulder with a 100 MPH fastball on a 3-0 count. That probably would’ve caused benches to clear again had Ohtani not quickly signaled to the L.A. dugout not to do so. Suarez and acting manager Brian Esposito were tossed by home plate umpire Marvin Hudson. San Diego’s closer told reporters tonight through an interpreter that he did not intend to hit Ohtani (video provided by 97.3 The Fan). MLB disagreed and imposed the ban.

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.

Player Option/Opt-Out Update: April Edition

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The increasing popularity of opt-outs/player options as a means to close the gap in free agent signings and extensions has changed the face of free agency entirely. Not long ago, opt-outs were perks reserved for the game’s truly elite stars — a benefit to help differentiate nine-figure offers and secure the game’s top stars.

In 2025, they’re downright commonplace. Opt-out laden short-term deals have become a common alternative to the more conventional one-year pillow contract that a player in search of a rebound campaign might pursue. They’ll also provide a soft landing for a veteran whose market didn’t materialize as expected, even coming off a productive season. Some teams simply use them as a means of sweetening the pot even when negotiating with mid- and lower-tier free agents. The Royals gave opt-outs/player options to both Chris Stratton and Hunter Renfroe two offseasons ago. The Reds did the same with Emilio Pagan and Nick Martinez. Tucker Barnhart, Trey Mancini and Ross Stripling are just a few of the other recent examples of solid but non-star veterans to land such clauses in their free agent contracts.

At their core, opt-out provisions aren’t particularly different from club options that have been widely accepted as commonplace for decades. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin, one favoring the team and the other favoring the player.

There are 16 players around the league this year who’ll have the right to opt into free agency at season’s end, depending on their performance. (Conversely, there are 27 players with club options.) We’ll periodically take a look at this group over the course of the season, as their performances will have a major impact on the 2025-26 market. For more context, you can check out our full list of 2025-26 MLB free agents as well as the first installment of our recent 2025-26 MLB Free Agent Power Rankings, wherein we rank the top 10 free agents in terms of earning power. Darragh McDonald, Anthony Franco and I recently discussed the decision process behind those rankings in the latest episode of the MLB Trade Rumors Podcast.

Onto this year’s group!

Pete Alonso, 1B, Mets | One year, $24MM remaining

Alonso looked like a good bet to opt out from the moment he agreed to terms on his front-loaded two-year, $54MM contract. That he’s been one of the best hitters on the planet in the season’s first three weeks only improves that likelihood. The 30-year-old slugger is slashing a comical .365/.474/.730 with five homers, eight doubles and more walks (12) than strikeouts (10) through his first 78 turns at the plate. Alonso is chasing pitches off the plate at a career-low 19.1% rate and is sporting the best contact rate of his career at 82.8%. He’s doing all of that with career-best marks in average exit velocity (96.3 mph), barrel rate (24.1%) and hard-hit rate (61.1%). Alonso has been an absolute monster, and the fact that he can’t receive a qualifying offer — players can only receive one in their career, and he rejected one last November — is a cherry on top of his dominant output.

Cody Bellinger, OF/1B, Yankees | One year, $25MM remaining (Bellinger receives $5MM buyout if he opts out)

Bellinger posted All-Star numbers with the 2023 Cubs, signed back for three years with a pair of opt-outs and hit well in 2024 — just not to his 2023 standard. Traded to the Yankees this past offseason, many thought he was primed for a rebound because of the favorable dimensions at Yankee Stadium. It hasn’t played out that way. Through his first 62 plate appearances, Bellinger looks more like the lost version of himself from 2021-22 than the strong performer we saw in ’23-’24. He’s hitting .185/.242/.296 with what would be career-worst strikeout and swinging-strike rates of 29% and 15.2%, respectively. When he’s made contact, it’s been loud (90.8 mph average exit velocity, 53.5% hard-hit rate) — and there’s still plenty of time to turn things around. It’s not the start he or the Yankees hoped for, however.

Shane Bieber, RHP, Guardians | One year, $16MM remaining (Bieber receives $4MM buyout if he opts out)

Bieber has yet to pitch this season as he rehabs from last year’s Tommy John surgery. Cleveland has yet to place him on the 60-day injured list, which could offer some optimism regarding his timetable for a return, but he’s not on a minor league rehab assignment yet. At last check, he was targeting a return around the All-Star break.

Alex Bregman, 3B, Red Sox | Two years, $80MM remaining (Bregman can opt out again after 2026)

Bregman has started his Boston tenure on a tear, hitting .321/.365/.564 with four big flies in 85 plate appearances. He’s been 62% better than average, by measure of wRC+, but there are still some of the same red flags he displayed early in the 2024 season. During his peak, Bregman was one of the sport’s toughest strikeouts and showed outstanding plate discipline. From 2018-23, he walked in 13.8% of his plate appearances against a puny 12.3% strikeout rate. Bregman’s walk rate fell off a cliff last season, and it hasn’t recovered so far in 2024. He’s drawn only four free passes (4.7%). More concerning, he’s fanned 18 times, leading to what would be a career-worst 21.2% strikeout rate. Bregman’s chase rate is down, and he’s still making elite contact within the strike zone, but he’s making contact on a career-low 56.5% of his swings on balls off the plate. If he keeps hitting like this, it probably won’t matter, but it’s something to watch as the season continues.

Edwin Diaz, RHP, Mets | Two years, $37MM remaining (Diaz can opt out again after 2026)

Diaz had a nice return from a 2023 season lost to a knee injury in 2024, pitching to a 3.52 ERA with a 38.9% strikeout rate against a 9.3% walk rate. It wasn’t quite his usual level of dominance, but most relievers would happily take a 39% punchout rate in a “down” season. Things aren’t going as well in 2025. Diaz’s four-seamer is sitting at a career-low 96.4 mph, per Statcast. That’s down 1.1 mph from last year’s mark and 2.5 mph from his 99.1 mph peak in 2022. If he were still overpowering opponents, it wouldn’t matter much, but Diaz has been tagged for five runs on six hits and five walks in 6 2/3 frames. That’s a 16% walk rate, and he’s already tossed four wild pitches — more than he did in 53 2/3 innings a year ago. The caveat with everyone on this list is that we’re all of 11-12% through the season, but the early trendlines aren’t good for Diaz.

Jack Flaherty, RHP, Tigers | One year, $10MM remaining (increases to $20MM once Flaherty makes 15 starts)

Flaherty’s heater is down nearly a mile per hour, and his walk rate is up from 5.9% to 10.3% … but that’s in a span of 21 1/3 innings. He’s still getting strikeouts at a plus level (28.7%), and the bottom-line results are good: 2.53 ERA. Flaherty seems healthy, which will be a big factor for him — both in terms of boosting his stock ahead of a potential return to free agency and in boosting his 2026 salary if he winds up forgoing the opt-out opportunity. If he can deliver a third straight season of 27-plus starts and a second straight year with a plus strikeout rate and low-3.00s (or even mid-3.00s) ERA, the market will likely reward him with the long-term deal that eluded him this past winter. Flaherty doesn’t turn 30 until October. He’ll have a chance at a deal ranging from four to six years in length if he comes close to replicating his 2024 performance. One potential downside: he was traded last summer and thus ineligible to receive a qualifying offer. If the Tigers contend all season, as expected, they’ll be able to make Flaherty a QO if he opts out.

Lourdes Gurriel Jr., OF, D-backs | One year, $18MM remaining

Though he’s one of the most consistent hitters in the sport, Gurriel is out to a woeful start in 2025. His D-backs are red-hot, but their current win streak comes in spite of an anemic .145/.176/.304 start from their everyday left fielder. Gurriel has some of the best contact skills in MLB, fanning in only 17.3% of his plate appearances and making contact on just shy of 90% of his swings in the zone dating back to 2022. He’s punched out in what would be a career-low 13.5% of his plate appearances this year, but he’s staring down a .121 average on balls in play. He should be due for a course correction, but it’s worth noting that he’s hitting more fly-balls and fewer line-drives than ever, which is going to naturally suppress his BABIP a bit (although certainly not to this extent). Gurriel is owed $13MM in 2026 and has a $5MM buyout on a $14MM club option for 2027. He’d need to be confident he could top not just $18MM but probably that he’d top two years and $27MM; the hefty nature of that buyout makes him a net $9MM decision for the D-backs in 2027, which seems like a price they’ll be willing to pay.

Ha-Seong Kim, SS, Rays | One year, $16MM remaining

Kim is still finishing up the rehab from last October’s shoulder surgery. He’s expected back mid-to-late May, which would give him about four months to prove he’s back to form. A healthy Kim would’ve been a coveted free agent who could’ve commanded four or more years in free agency. A plus defender at three positions and a plus runner with enough power to pop 10 to 20 homers annually, Kim will be in high demand next offseason if the shoulder injury doesn’t prove a major drain on his offensive capabilities.

Seth Lugo, RHP, Royals | One year, $15MM remaining

Lugo’s rise from reliever to starter to Cy Young finalist has been remarkable. He’s gotten decent results in 2025, with a 3.86 ERA in his first 23 1/3 innings, but his strikeout and walk rates are nowhere near last year’s marks. After fanning 21.7% of his opponents against a pristine 5.7% mark last year, the 35-year-old Lugo currently sports respective rates of 17% and 9.6%. His velocity is below par (92.2 mph average fastball) but right in line with last year’s levels. A year and $15MM should be the floor for a healthy Lugo, even if he doesn’t repeat his brilliant 2024 season. That’s the same mark that older starters like Charlie Morton, Justin Verlander, Alex Cobb and Max Scherzer (well, $15.5MM) received this past offseason. The Royals could tag him with a qualifying offer if he opts out, which would give him a tougher call on a one-year deal that should be worth more than $21MM. That said, if Lugo comes anywhere close to last year’s results, he’d turn that down in pursuit of a multi-year deal.

A.J. Minter, LHP, Mets | One year, $11MM remaining

Minter’s 94.3 mph average fastball is a career-low, but it’s only narrowly shy of his 2024 mark (94.5 mph). It’s feasible that as he further distances himself from last year’s hip surgery, that number could tick up, too. He’s pitched 8 1/3 innings, allowed a pair of runs on five hits and a walk, and punched out a dozen hitters. That’s a whopping 38.7% strikeout rate. So far, Minter is missing more bats within the strike zone than ever before; opponents have an awful 73% contact rate on his pitches in the zone (compared to the 85% league average). Minter landed two years and $22MM with an opt-out when he was coming off hip surgery. He should be able to top a year and $11MM so long as he’s healthy and pitches to his typical levels. So far, so good.

Frankie Montas, RHP, Mets | One year, $17MM remaining

Montas has yet to pitch in 2025 after suffering a lat strain during spring training. He’s yet to begin a minor league rehab stint but, like Bieber, also has not been placed on the 60-day injured list yet. The size of the Mets’ commitment to Montas this winter registered as a bit of a surprise even when he was thought to be healthy. He’ll need a strong few months to walk away from $17MM guaranteed.

Tyler O’Neill, OF, Orioles | Two years, $33MM remaining

The biggest question with O’Neill is whether he can stay healthy enough to position himself for an opt-out. He’s mashing with a .265/.339/.490 slash and two homers through 56 plate appearances. (One of those big flies extended his ludicrous MLB record of six straight Opening Days with a long ball.) He’s also missed the past couple games due to neck discomfort. O’Neill has never played in more than 138 games in a season, and he’s only twice reached 100 games in a year. (He did play 50 of 60 games in the shortened 2020 season.) O’Neill’s 21.4% strikeout rate would be a career-low, but his actual contact rate and swinging-strike rate aren’t career-best marks. It’s hard to see him sustaining that career-low strikeout rate as a result, but O’Neill’s power is substantial enough that he can be a productive hitter even running strikeout rates approaching/exceeding 30%.

Joc Pederson, DH/OF, Rangers | One year, $18.5MM remaining (Rangers can counter opt-out by exercising 2027 club option for $18.5MM)

Signed to help the Rangers remedy their 2024 ineptitude against fastballs, Pederson has instead turned in a career-worst performance against heaters (and every other offering). It’s only 16 games, but Pederson has collected just one hit against fastballs in 2025 — a single. It’s an alarming development for a hitter who carries a lifetime .244 average and .521 slugging percentage against four-seamers. Pederson has compiled an unfathomable .060/.161/.080 slash in 57 plate appearances. He’s still making a fair bit of hard contact, but most of it is resulting in grounders. His 55.6% ground-ball rate and 2.8% (!) line-drive rates are career-worst marks. There’s no earthly way he can continue to struggle this much, but he’ll need quite the turnaround for that opt-out provision to come into play.

Wandy Peralta, LHP, Padres | Two years, $8.9MM remaining (Peralta can opt out again after 2026)

Peralta posted a career-worst 13.6% strikeout rate in year one of his four-year pact with San Diego in 2024. He passed on his first opt-out opportunity, and understandably so. It’s early, but the veteran lefty has more than doubled last year’s awful 8.3% swinging-strike rate, which now sits at 16.8% through 8 1/3 innings. Peralta is generating chases on an eye-popping 40% of his pitches off the plate, and his opponents’ 44.4% contact rate on those swings is the second-best mark of his career. He’s all but shelved his four-seamer, is barely using his slider, and is leaning hard into a sinker/changeup combo. He won’t sustain a 1.08 ERA, of course, but if he keeps piling up grounders and whiffs, he’ll have a good case to opt out, even at age 34.

Trevor Story, SS, Red Sox | Two years, $55MM remaining

It’s hard to believe we’re already in year four of Story’s six-year deal with Boston — in part because we simply haven’t seen him in a Red Sox uniform all that often. The former Rockies All-Star played in only one-third of the team’s games through the first three years of the contract. Injuries have decimated Story in recent years, and he produced a middling .232/.296/.397 line when healthy enough to play from 2022-24. He’s out to a much better start in 2025, playing in 20 games (already just six shy of last year’s total) and recording a .299/.325/.442 line with three homers. A 3.8% walk rate, 30% strikeout rate and .400 BABIP through 80 plate appearances don’t bode especially well, but to his credit, Story is torching the ball; he’s averaging 90.3 mph off the bat and has even better marks in barrel rate (11.3%) and hard-hit rate (54.7%). It’s hard to see him turning down the two years and $55MM after he’s been injured so much in Boston, but he’s enjoying a fine start to the year.

Robert Suarez, RHP, Padres | Two years, $16MM remaining

Suarez’s name popped up late in the offseason rumor mill, but he was always going to be a tough trade candidate because of this two-year player option. If he performed well, he’d opt out, and if he struggled and/or got hurt, the acquiring team would be saddled with two unwanted years. Such is the nature of trading anyone with a player option/opt-out. Suarez stayed put, and the Padres have to be thrilled. He’s 8-for-8 in save opportunities, hasn’t allowed a run in nine innings, and is boasting a 31.3% strikeout rate against a 6.3% walk rate. That strikeout rate is supported by a huge 16% swinging-strike rate. Suarez looks unhittable right now, just as he has in the past when at his best. There’s a lot of season left, and things can go south in a hurry for relievers in particular, but a player couldn’t ask for a better start to a platform season.

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.

Robert Suarez “Most Probable” Padres Trade Chip To Be Moved?

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While the Padres are intent on returning to the postseason in 2025, much of the buzz surrounding the team this winter has been about the possibility of higher-paid veteran players being dealt in order to help the team both address roster needs, and shave some money off the payroll.  Rumors have swirled around several of the Padres’ more expensive players, but as Spring Training nears, Kevin Acee of the San Diego Union-Tribune hears from two sources that dealing Robert Suarez seems to be “the move that appears most probable.”

This doesn’t indicate that Suarez will actually be dealt, of course, or that the Padres have any particular inclination to move the All-Star closer.  But, Suarez’s trade status might be elevated due to the simple fact that San Diego might be able to more easily replace him within the bullpen, and because the Padres’ other trade chips are comparatively trickier to deal away.

Among players mentioned in trade speculation this winter, Xander Bogaerts and Jake Cronenworth are owed too much in future salary to hold much appeal to other teams.  Dylan Cease and Luis Arraez are slated to become free agents next winter, and Michael King is in the same boat, as his contract’s $15MM mutual option for 2026 will surely be declined by either King himself or by the Padres.  Reports have indicated that if San Diego does trade a starter, Cease is likelier to be moved than King, due to the perception that King is the likelier of the two to be open to extension talks.  As for Arraez, the Padres reportedly have a particular interest in keeping him for at least 2025.

It all leaves Suarez as something of the odd man out, though plenty of obstacles exist on that front as well.  Suarez turns 34 month, and is owed $26MM over the remaining three years of the five-year, $46MM pact he signed with San Diego in November 2022.  That $26MM breaks down as $10MM in 2025, and then Suarez has the option of deciding whether or not to opt out of the deal to test free agency, or simultaneously exercise a pair of $8MM player options covering the 2026 and 2027 seasons.

Just two months ago, this contract structure was seemingly an obstacle towards a deal, as The Athletic’s Dennis Lin wrote that “for now” the Padres weren’t looking to trade Suarez.  Last month, however, the team’s stance seemed to change, as the Padres were thought to be more open to the idea of moving Suarez due to some interest on the trade market.

While many teams could use a high-leverage reliever, working out an acceptable trade return will be tricky for both sides.  Another team might only view Suarez as a one-year investment due to the possibility of an opt-out, while the Padres might view such a trade return as too slight for a pitcher who could end up providing his new club with three years of control.

Beginning his career pitching in the Mexican League and then a long stint in Nippon Professional Baseball, Suarez didn’t make his debut in affiliated baseball until 2022, when he made his MLB debut at age 31.  The Padres were impressed enough by Suarez’s NPB production to sign him to a one-year, $11MM deal during the 2021-22 offseason, and the team’s belief has paid off.  While his season was marred by injuries and a 10-game sticky-stuff suspension, Suarez was excellent in both 2022 and this past season, when he succeeded Josh Hader as San Diego’s closer.

Suarez posted a 2.77 ERA in 65 innings while closing out 36 of 42 save opportunities during the 2024 regular season, and added 3 1/3 scoreless innings during three playoff appearances.  One of baseball’s hardest-throwing pitchers, Suarez paired that velocity with an above-average walk rate, though other metrics (like his strikeout, barrel, and grounder rates) were all slightly below the league average.

Between Suarez’s age, his .256 BABIP last year, and a 3.53 SIERA that was significantly higher than his 2.77 ERA, a case can be made that the Padres could be making a wise move in selling high on Suarez in advance of any regression.  On the other hand, moving your closer puts more pressure on the rest of the relief corps, and thins out a bullpen that has already lost Tanner Scott to free agency.  Jason Adam or Adrian Morejon might be the most logical save candidates if Suarez is dealt, assuming that the Padres would stick with a full-time closer rather than a committee approach.

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.

No Momentum Towards Extension Between Padres, Luis Arráez

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Infielder Luis Arráez is one year away from being a free agent. He has expressed an openness to signing an extension but it doesn’t appear anything is close on that front. Per a report from Dennis Lin of The Athletic, the Friars have “not yet engaged in serious extension talks” with Arráez.

The fact that extension talks have not happened yet doesn’t necessarily mean that they can’t happen at a later date. Traditionally, clubs like to use this part of the calendar to focus on player acquisitions, leaving extensions for closer to spring training. However, Lin reports that there is some debate within the San Diego front office about how valuable Arráez is, which perhaps reduces the odds of extension talks gaining steam down the road.

On top of that, there are the ongoing budgetary questions to consider. The Padres were among the most aggressive clubs in baseball while owner Peter Seidler was still alive, but it was clearly unsustainable. In September of 2023, alongside news of Seidler’s deteriorating health, it was reported that their debt service ratio was not in compliance with MLB regulations.

The club had given out nine-figure contracts to players like Manny Machado, Xander Bogaerts, Fernando Tatis Jr., Joe Musgrove and Yu Darvish, alongside some other notable deals as they looked to remake the club’s image as a small-market also-ran. As they were sending that money out the door, less was coming in, as their TV deal with Diamond Sports Group collapsed.

Going into 2024, the club needed to cut some payroll but had limited options for doing so. All of those aforementioned deals were quite large and therefore hard to trade. Even if the Padres found interest, all of those players have full no-trade clauses on their deals. All of these factors, as well as a lack of rotation depth, seemed to lead to the Juan Soto trade. That allowed the Friars to make a big cut from their budget and duck under the competitive balance tax while also bringing back arms like Michael King and Drew Thorpe, with Thorpe later flipped as part of the Dylan Cease trade.

Going into 2024, the budget could again be an issue. Though they haven’t yet made any notable moves this offseason, RosterResource projects them for a $210MM payroll next year, more than $40MM beyond last year. They are also projected for a $244MM CBT number, just above next year’s $241MM base threshold.

It’s unknown what sort of exact payroll parameters the club has for 2025, but Lin suggests the budget is tight again. He reports that the Friars were interested in catchers Kyle Higashioka and Danny Jansen but came up short despite those backstops getting relatively modest deals. Higashioka got $13.5MM over two years from the Rangers while Jansen settled for just one year and $8.5MM from the Rays. That doesn’t suggest the club is working with a lot of financial firepower this winter.

Arráez would be a speculative candidate for a move to open some spending capacity since he’s effectively in the same position that Soto was last year. He’s going into his final year of club control and set to make a notable salary while several other players are locked into long-term deals.

Cease and King are also just one year from the open market, but trading either of them seems less likely. The San Diego rotation has a strong front three consisting of those two and Darvish but things get flimsy after that. Musgrove is likely to miss the entire 2025 campaign after undergoing Tommy John surgery in October. Martín Pérez just became a free agent. Matt Waldron and Randy Vásquez are options for the back end but neither is fully established at this point. If anything, the club needs to add to that group, so subtracting King or Cease wouldn’t make much sense.

Arráez, on the other hand, could make more sense as a trade candidate. He is one of the game’s best contact hitters, having won three straight batting titles, but doesn’t walk much or provide much power. He has only drawn a walk in 6.9% of his career plate appearances but has only been struck out 6.8% of the time, while never hitting more than ten homers in a season. His .323/.372/.418 batting line translates to a 120 wRC+.

That’s a unique approach in today’s game and Arráez is clearly the best at the things he does well, but it’s also a limited profile. He’s doesn’t steal a ton of bases and isn’t considered a strong defender at either second or first base, his two primary positions.

MLBTR contributor Matt Swartz projects Arráez for a salary of $14.6MM next year. That’s far less than what Soto was slated to make in 2024 but still a lot of money for a useful but limited player. If the Padres were to trade Arráez, perhaps for some pitching, they could have an infield consisting of Machado at third, Bogaerts at short and Jake Cronenworth at second, perhaps using some of the savings to go after a cheaper option at first. Lin writes that the club would prefer to have Bogaerts at second like the start of the 2024 season but they would need a solution at shortstop with Ha-Seong Kim now a free agent and likely to miss the start of the 2025 season due to shoulder surgery.

This is largely speculative but Lin’s report that the front office isn’t convinced of Arráez’s value could perhaps nudge them more towards a trade than an extension. President of baseball operations A.J. Preller has generally been unafraid to make bold strikes even when painful, as last year’s Soto trade showed, so the Friars could be a club to watch in the coming weeks if they shake up the trade market.

One player unlikely to be on the block is reliever Robert Suarez. Per Lin, the Padres are inclined to keep him as his contract has an opt-out after 2025, which complicates trade talks. The righty is set to make $10MM in 2025 and then $8MM in each of the next two years, though he can walk away from those final two seasons. He just posted a solid 2.77 ERA in 2024 and clubs would surely have interest in that kind of performance, but the contract provides a lot of downside. If Suarez suffered any kind of notable injury, he would surely decline his opt-out chance and linger on the books for those two years. Given that downside, a club may be reluctant to give up any kind of notable return or take on the entirety of the contract.

Lin also adds that the Padres are “hopeful, if not confident, about a potential reunion” with outfielder Jurickson Profar. After a dreadful 2023 season, Profar signed with San Diego for a guarantee of just $1MM in 2024. That turned out to be a massive bargain for the club, as Profar went on to hit .280/.380/.459 for a wRC+ of 139.

Profar and Preller have a long relationship, as he was working for the Rangers way back when Profar was signed as an international amateur. Since coming to the Padres, Preller has signed Profar multiple times. But on the heels of a career year, Profar might be looking to cash in. MLBTR predicted he could land a three-year deal with a $45MM guarantee. If Profar is looking for anything in that ballpark, it could be tough to get it from San Diego, given the aforementioned payroll restrictions.

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