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Latest On Padres, Manny Machado

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12:29pm: A source tells MLBTR’s Tim Dierkes that the report of Machado seeking a 10-year, $400 million extension is incorrect.  It is not known specifically what Machado is seeking, or whether his camp made a counteroffer to the Padres’ offer to add five years and $105MM to his existing contract.

With Machado’s February 16 deadline having passed, it seems his impending return to the free agent market will be a storyline throughout this highly anticipated Padres season.

10:19am: Padres and third baseman Manny Machado had some extension talks recently, to try to prevent him from opting out of his contract at the end of this season. Reports yesterday indicated the club was willing to tack an extra five years and $105MM to his current deal, but Bob Nightengale of USA Today reports that was $145MM short of his asking price.

Machado originally signed a ten-year, $300MM deal with the Padres that affords him the opportunity to opt out midway through, after the fifth season. He will have five years and $150MM remaining when that opportunity rolls around this fall. Given that he’s played at MVP-caliber levels, especially last year, he could certainly find a guarantee larger than that on the open market. It’s long seemed like he would lean towards triggering that opt-out and recently admitted that he does indeed plan to do so. With the extra five years and $105MM, the club was effectively offering him a ten-year, $255MM deal starting with 2024. Nightengale reports that Machado’s camp was seeking $400MM over that same ten-year stretch, or an extra $250MM on top of his current deal.

Given that massive gap between the two sides, it’s not surprising that a deal didn’t come together. Aaron Judge was coming off one of the best seasons in recent history and earned himself a $360MM contract this offseason, one of the largest deals ever. That Machado and his reps are setting their sights above that range is quite ambitious, but also understandable. The player has the security of knowing that he has that $150MM secured, even if he should suffer some kind of worst-case scenario such as a career-altering injury this year. That gives him the leverage to set a really high asking price since driving a hard bargain right now doesn’t create any risk of coming up empty-handed.

For the Padres, it’s not surprising that they balked at such an ask. They’ve been quite aggressive in recent years, including their previous deal with Machado, their $340MM extension for Fernando Tatis Jr., $280MM deal with Xander Bogaerts and others. However, the kind of deal that Machado was seeking would have been on another level.

In addition to the straightforward cash dealings to consider, they also have the luxury tax to think about. It was recently reported that the club’s competitive balance tax calculation places them narrowly below the third tier of $273MM, with recent deals for players like Michael Wacha and Yu Darvish intentionally structured in ways that lower their respective tax hits. Going over that line would lead to increased taxation as well as their top pick in the 2024 draft being dropped by ten slots.

The CBT is calculated by the average annual value of a deal, not a player’s salary in a given season. Machado’s current deal comes with a $30MM hit but the extension he sought would effectively turn the contract into a $550 deal over 15 years for tax purposes, combining the $400MM he sought for the future and the $150MM that he will have earned at the end of 2023. That would increase his tax hit to $36.67MM, adding to the club’s tax hit and surely bumping them over that threshold.

Since Machado’s camp reportedly set a deadline of February 16 for contract talks, it seems that a deal won’t be coming together at this time. It’s always possible that the Padres come back with an offer strong enough to make him reconsider that position, but given their tax situation, it seems that things are aligned for Machado to play out the season and hit the open market again. He would be one of the top free agents in the class alongside players like Shohei Ohtani and Aaron Nola. The Padres could always re-sign him at that point, but they will surely have competition from other clubs around the league.

Machado’s tenure with the club has been largely successful. After not qualifying for the postseason since 2006, they’ve been there twice in the past three years. Machado launched 32 home runs last year and hit .298/.366/.531 for a wRC+ of 152. He produced 7.4 wins above replacement in the eyes of FanGraphs and came in second in the National League Most Valuable Player voting, trailing only Paul Goldschmidt. They have been aggressive this winter in adding free agents and seem poised for another strong season in 2023, but whether they can keep their star third baseman around beyond that remains to be seen.

Dodgers Hire Tyson Ross For Special Assistant Role

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The Dodgers have hired Tyson Ross for a special assistant position, The Athletic’s Fabian Ardaya reports (Twitter link).  Ross will be involved in the team’s player development and player performance departments.  The hiring seemingly indicates that Ross has ended his playing career after 10 Major League seasons.

A second-round pick for the Athletics in 2008, Ross began his career with three seasons for his hometown team before he was traded to the Padres during the 2012-13 offseason.  The right-hander reached another level with his new club, posting strong numbers as a member of San Diego’s rotation and receiving an All-Star nod in 2014.

Unfortunately for Ross, injuries limited his effectiveness after this promising run.  He pitched in only a single game in 2016 due to shoulder problems and eventually a surgery for thoracic outlet syndrome.  After two injury-marred seasons, it seemed like Ross was regaining some of his old effectiveness during a solid 2018 year with the Padres and Cardinals, but after signing with the Tigers in December 2018, his time in Detroit was limited to only seven starts due to elbow problems.

Ross’ five innings of work in the Tigers’ 6-0 loss to the Twins on May 10, 2019 ended up being his final Major League appearance.  He signed a minor league deal with the Giants prior to the 2020 season but he chose to opt out of the pandemic-shortened season, and another minors deal with the Rangers in the 2020-21 offseason didn’t lead to any game time even in the minors before he was released that May.

Ross turns 36 in April, and he is hanging up his cleats after 203 MLB games (142 of them starts) and 904 2/3 innings.  During his time with the A’s, Padres, Rangers, Cardinals, and Tigers, Ross had a 4.04 ERA, relying on a grounder-heavy arsenal rather than blow-away strikeout numbers.  Ross had a 53.5% grounder rate to go along with a 21.2% strikeout rate and 10.1% walk rate.

As he embarks on this new role with the Dodgers, Ross now finds himself opposite his younger brother Joe on both sides of the heated Los Angeles/San Francisco rivalry.  Joe (who is recovering from Tommy John surgery) signed a minors deal with the Giants last month.

We at MLB Trade Rumors congratulate Tyson on a fine career, and we wish him the best as he moves into his post-playing endeavors in the game.

Manny Machado Set Feb 16 Deadline For Padres Extension Talks; Team Offered Further Five-Years, $105MM

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Manny Machado set the Padres a deadline of February 16 to offer him an extension that would’ve meant he avoided free agency at the end of the 2023 season, according to Kevin Acee of the San Diego Union-Tribune. According to Acee, the Padres made just one offer to Machado two days prior to his deadline, offering to tack on an extra five-years and $105MM to his current deal. That would’ve taken their total commitment to Machado to 15-years, $405MM. Machado is planning to opt out of his contract at the end of the season, and combining the remaining value of Machado’s contract (five-years, $150MM from 2024-28) with this new offer would’ve equated to a ten-year, $255MM deal.

According to Acee’s report, Machado confirmed in a brief interview that in early December he set the Padres a deadline of February 16  because “I just wanted to focus on baseball. So once the season started, I didn’t want to really continue talking about contracts or the business side of things. I just want to focus on my team and the guys in here and what our goal is — to win a championship. So (Thursday) was our deadline, and after that it was just focus on baseball, going out there and winning.” Machado’s interview also confirmed that he received just the one offer from San Diego, but did not confirm the terms reported.

Machado’s current ten-year, $300MM deal runs through the 2028 season, but contains a player opt out at the end of 2023. Machado confirmed just yesterday his intentions to exercise that clause and opt out of the remaining five-years, $150MM on his deal. That should come as no surprise, as Machado has been one of the game’s best players in recent seasons and at 30 is both young enough and good enough to earn a long term deal far surpassing what was remaining on his current contract.

While his 2023 season will naturally play a significant part in Machado’s market next winter, there certainly seems a strong case for him to pick up a bigger deal than the ten-year, $255MM deal the Padres have effectively offered him here. Machado’s been worth 11.7 fWAR over the past two seasons and has four career 6+ fWAR seasons. Compare that to his new team mate Xander Bogaerts, who inked an 11-year, $280MM deal with San Diego this winter. Bogaerts is a fine player, but he’s been worth 10.5 fWAR over the past two seasons and 2022 was his lone 6+ fWAR season. Of course, fWAR is not the determining factor in contract negotiations, but it serves as a relevant data point to consider why Machado might see himself as worth more on the open market than ten-years, $255MM.

Machado’s resume to date is nothing short of stellar. An MVP runner up in 2022, Machado has six All Star appearances, five top-five MVP finishes, two Gold Gloves and a Silver Slugger to his name thus far. He’s a threat on both sides of the ball, as evidenced by his career 124 wRC+ and 97 Defensive Runs Saved at third base.

With Machado’s deadline now passed, it appears likelier than ever that he’ll hit the open market at the end of the season. As the likely top free agent not named Shohei Ohtani next winter, Machado seems a good chance to become the first ever player to sign multiple $300MM contracts in his career.

Manny Machado Planning To Exercise Opt-Out Following 2023 Season

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Padres superstar Manny Machado today confirmed to reporters, including Chelsea Janes of The Washington Post, that he plans on opting out of the remainder of his contract following the 2023 season. Machado signed his current 10-year, $300MM agreement with San Diego ahead of the 2019 season, and in opting out would leave five years, $150MM left on the table from his current contract.

This decision is no real surprise, as that $150MM figure appears to be one Machado should have no trouble beating on the open market next offseason, provided he remains healthy. After an offseason that saw top free agent Aaron Judge sign a $360MM deal that begins in his age 31 season, it seems like a reasonable bet that Machado, who would also be entering free agency ahead of his age 31 season, might become the first ever player to sign multiple $300MM contracts in his career, though he obviously would not be playing through the entirety of his first one.

Machado’s certainly performed at a level to this point in his career that would warrant such a contract. The runner-up for the NL MVP award in 2022, Machado has six All Star appearances, five top-5 MVP finishes, two Gold Gloves, and a Silver Slugger award under his belt. With a career 124 wRC+, strong defense at third base, and 46.4 fWAR already accrued in his career, Machado appears to be on a Hall of Fame trajectory, particularly considering the fact that his offensive game has taken a step up in recent seasons. Since the start of the 2018 season, Machado’s wRC+ is 133, and it jumps to 139 when examining the 2020-2022 seasons.

As Stephanie Apstein of Sports Illustrated notes, Machado is looking to sign for double-digit years, a mark Judge barely missed with his nine-year pact this offseason but shortstops Trea Turner and Xander Bogaerts both managed to eclipse. This appears to be a reasonable ask, particularly given that Machado seems likely to be the consensus top free agent in the 2023-24 free agent class after two-way unicorn Shohei Ohtani. A 10-year deal for Machado would take him through his age-40 campaign, an age teams seem to be increasingly willing to sign players through this offseason than in years past.

The Padres, themselves, are at the forefront of this movement toward signing players to longer deals. They signed both Bogaerts and Yu Darvish to deals that will take them beyond their 40th birthdays this offseason, and made similar offers to both Turner and Judge as well. Despite Machado’s plans to opt-out following the 2023 campaign, there appears to be interest in an extension, with the Padres reportedly set to pursue a new deal with Machado this spring, it’s possible that San Diego’s comfort in signing players through their age-40 seasons would give them a leg up in negotiations.

On the other hand, the Padres are in a somewhat difficult payroll situation. They’re a lock to pay into the luxury tax in 2023, already have two long-term megadeals on the books in Bogaerts and Fernando Tatis Jr., and on top of all that, Juan Soto’s free agency is looming following the 2024 season. It seems to be a reasonable question as to whether or not they can maintain their current payroll levels at all, much less add to them as they would need to in order to retain Machado and Soto.

Rene Rivera Announces Retirement

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Longtime big league catcher René Rivera took to Instagram to announce his retirement Friday morning. “In June 2001, I had the opportunity to make one of my dreams come true, to get signed as a professional baseball player,” Rivera wrote. “21 years later, I thank God for the career he has allowed me to have. Today I want to announce that I am retiring as a professional baseball player.”

The 39-year-old goes on to thank every organization for which he played. He also expressed gratitude to his family, coaches, representatives and fans before concluding he’s “ready for the next step of (his) career.”

Rivera, a native of Puerto Rico, was selected by the Mariners in the second round of the ’01 draft. He was in the majors a little more than three years later, debuting as a September call-up in 2004 not long after his 21st birthday. Rivera spent a few seasons as a depth catcher for Seattle, combining to appear in 53 MLB games over his first three years.

After the 2006 campaign, Rivera kicked off a nomadic path that’d define his entire career. He was out of the majors entirely between 2007-10, bouncing between various organizations’ upper minors affiliates and spending some time in independent ball. Rivera returned to the bigs with the Twins in 2011 for a 45-game stint and played the following year in Triple-A.

A brief showing with the Padres in 2013 set the stage for Rivera to improbably break through as San Diego’s primary catcher at age 30 the next year. He connected on 11 home runs over a career-high 329 plate appearances during the ’14 season, hitting .252/.319/.432. The following offseason, San Diego sent him to the Rays in the three-team blockbuster that moved Wil Myers to Southern California, Steven Souza to Tampa Bay and then-prospect Trea Turner to Washington.

Rivera played in a personal-high 110 games with Tampa Bay but couldn’t recapture his prior year’s success at the plate. He hit .178/.213/.275 over 319 trips to the dish with the Rays and was released before the following season. He quickly signed with the Mets and would see a decent amount of action in Queens over the latter portion of his career. Rivera played in 65 games for the Mets in 2016 before logging 74 contests between New York and the Cubs the next year. He split the 2018 campaign with the Angels and Braves, then returned to the Mets as a depth catcher from 2019-20. Rivera’s final major league action came in 2021, when he got into 25 games between the Indians and Nationals.

While Rivera was rarely much of an offensive contributor, his strong defensive reputation earned him repeated opportunities. He ultimately logged parts of 13 MLB campaigns over a professional career that spanned two decades, suiting up at the MLB level for ten different teams. Rivera played in 542 big league contests, hitting .221/.273/.354 with 43 home runs across 1629 plate appearances. He spent nearly 4000 innings behind the plate, posting consistently strong marks from pitch framing metrics and cutting down a fantastic 36.5% of attempted basestealers.

MLBTR congratulates Rivera on his lengthy run in the professional ranks and wishes him the best in his post-playing endeavors.

Padres, Cole Hamels In Agreement On Minor League Deal

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10:18pm: Hamels’ deal would contain a $2MM base salary if he cracks the MLB roster, reports Bernie Wilson of the Associated Press.

3:20pm: The Padres and left-hander Cole Hamels are in agreement on a minor league deal, reports Robert Murray of FanSided. Presumably, Hamels will receive an invitation to major league Spring Training once the deal is finalized. The southpaw is represented by John Boggs & Associates.

Hamels, 39, is a wild card at this point in his career. He spent many years as one of the most reliable and consistent hurlers in the big leagues but has barely pitched at all over the past three seasons. From 2006 through 2019, he logged just shy of 2,700 innings with a 3.42 ERA in that time. He pitched at least 132 frames in all 14 of those campaigns and topped 180 in 11 of them. His ERA was never higher than 4.32 in any individual season and he kept that mark under 4.00 in all but three of those years. He also pitched in the postseason in eight of those campaigns, winning NLCS and World Series MVP honors in 2008 with the world champion Phillies.

But as mentioned, the story has been flipped in recent years. Hamels signed a one-year, $18MM deal with Atlanta for 2020 but was slowed by shoulder irritation as the start of the season neared. The pandemic ended up putting everything on pause, giving him time to recuperate. Once things ramped up again, however, he was dealing with triceps tendinitis. He came off the injured list in September and made one start, but went right back on the IL after that.

He didn’t sign with anyone in the subsequent offseason, eventually holding a showcase in July of 2021 to demonstrate his health to interested clubs. The Dodgers signed him at that point but he was ruled out for the season just a couple of weeks later with his shoulder pain returning. He didn’t pitch at all in 2022, recently telling the Associated Press that he underwent three surgeries in the past year, on his left shoulder, right knee and left foot. Nonetheless, he still had his sights set on a comeback and held a showcase for scouts last month. The Padres were connected to him and Michael Wacha in rumors a few days ago and have now added both pitchers to their staff.

It’s tough to know what to expect from Hamels at this point. That single start in 2020 is his only appearance over the past three years and he’s been under the knife quite a bit since then. But since this is just a minor league deal, there’s no real risk for the Padres. They can bring him into camp and see if Hamels is capable of getting back on track at all.

Up until recently, the club had a fairly lopsided rotation. Joe Musgrove, Yu Darvish and Blake Snell provided them with a strong front three but there were question marks behind them. The frontrunners for the backend spots in the rotation were Nick Martinez and Seth Lugo, both of whom are not really established as starters. Martinez had better results out of the bullpen last year while Lugo hasn’t really been a starter since 2017. The signing of Wacha this week could help to firm up the back of the rotation since he put up a 3.32 ERA with the Red Sox last year.

Hamels will be trying to prove himself healthy and force his way into that mix. If either Lugo or Martinez struggle in their attempts to secure rotation jobs, the Padres will need other options on hand. And there are also the inevitable pitcher injuries to consider. They have other options on the roster, such as Adrián Morejón, Jay Groome, Brent Honeywell Jr., Reiss Knehr, Ryan Weathers and Pedro Avila, but if Hamels looks anything like his old self, he could leapfrog all of those guys. If he does so, he’ll be pitching for his hometown team, having been born and raised in the San Diego area.

Image courtesy of USA Today Sports.

Padres Remain Narrowly Below $273MM Third CBT Threshold After Wacha Deal

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The Padres finalized their agreement with starter Michael Wacha this morning. That pact contained options from both the team and player perspective designed to meet the right-hander’s asking price while keeping the deal’s average annual value down for luxury tax purposes. It’s officially a four-year, $26MM guarantee, leading to a $6.5MM CBT hit.

That contract structure brings the Padres’ estimated luxury tax number around $272.2MM, as calculated by Roster Resource. That’s about $800K shy of the $273MM mark that delineates the third threshold of tax penalization. Public payroll figures are estimates, though Dennis Lin and Ken Rosenthal of the Athletic confirm with team officials the club remains narrowly below the $273MM figure. That’s no coincidence, of course, with the Padres’ front office intentionally structuring some recent contracts to add to the roster while staying under that threshold.

At the start of the offseason, the Friars signed Nick Martinez to a deal that was similarly built with dual club/player options and technically came out to an approximate $8.667MM average annual value. More recently, San Diego’s extension negotiations with Yu Darvish were shaped by the team’s CBT situation. The Friars signed the All-Star righty to a five-year, $90MM extension covering the 2024-28 seasons last week. That paired with Darvish’s preexisting $18MM salary for the upcoming season to result in a matching tax hit. Before the extension, Darvish had counted for $21MM against the luxury tax (reflecting the AAV of his prior front-loaded six-year, $126MM agreement with the Cubs). The extension trimmed $3MM off the team’s tax bill this year, which freed up breathing room under the $273MM mark for the Wacha money.

In the process, San Diego made a commitment to Darvish running through his age-41 season. Investing for that long in a pitcher of his age certainly isn’t without risk, though it’s one the Friars preferred to a shorter-term deal that could’ve come with higher annual salaries. Lin and Rosenthal report that Darvish’s camp initially broached extension talks seeking a two-year, $60MM deal. Instead, the Padres made a longer commitment that guarantees the veteran hurler an extra $30MM altogether but comes at a much lower annual value.

According to the Athletic, San Diego also pursued a multi-year guarantee with player options for Johnny Cueto before he signed with the Marlins last month. San Diego was known to be involved in the Cueto market. Rather than accept a deal similar to the ones Martinez and Wacha ended up taking, Cueto took a one-year, $8.5MM pact with a 2024 club option from the Marlins.

Ultimately, the Padres’ maneuverings allow them to open Spring Training a hair south of the third tax threshold. A team’s luxury tax number is calculated at the end of the season, not during exhibition play or on Opening Day. Depending on how much room exists below $273MM, the Friars could certainly wind up above that number — either by making a midseason acquisition via trade or waivers or simply by selecting the contract of a non-roster Spring Training invitee whose deal contains a base salary above the league minimum (i.e. Pedro Severino).

For the time being, however, the organization has an obvious desire to keep south of the $273MM figure. Finishing a season above the third tax threshold results in a team’s top draft choice for the following year (2024, in this instance) being moved back ten spots. It also subjects a team to higher payments. The Friars are set to pay a 50% tax on any spending between $233MM and $253MM and a 62% fee on spending between $253MM and $273MM. They’d be taxed at a 90% rate on spending from $273MM to $293MM. The latter penalties are ones they’re clearly looking to avoid right now.

San Diego heads into the season as one of the favorites in the National League. Perhaps they’ll eventually go beyond the third threshold to maximize this roster’s chances of contending. As of now, they project for the third-highest CBT payroll in the majors. The Mets are running away from the rest of the league in spending, while the Yankees are reportedly just under the final tax threshold at $293MM and reluctant to surpass that figure.

Padres Sign Michael Wacha

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The Padres announced Thursday they’ve signed free-agent righty Michael Wacha. The CAA client will reportedly receive a $3.5MM signing bonus and a $4MM salary in 2023. After the upcoming season, the Padres will have to decide whether or not to pick up successive $16MM options for 2024 and 2025 — essentially a two-year, $32MM deal. If the club declines that option, Wacha will have a series of player options, respectively valued at $6.5MM in 2024 and then $6MM in 2025-26. Unlike the team option, Wacha’s options are a series of one-year decisions he’ll be able to make each offseason.

Since player options are considered guaranteed, all this amounts to a $26MM guarantee over four years, combining this year’s money with the three options. Additionally, Wacha can earn an extra $500K for reaching 20 and 25 starts and $1MM for 30 starts this season and any year under a player option. The incentives would not be available for 2024-25 if the club triggers its option. In a corresponding 40-man roster move, the Padres placed infielder Eguy Rosario on the 60-day injured list. It was reported a couple of weeks ago that Rosario suffered a broken ankle and would be out until “midsummer.”

Wacha, 31, was the best remaining starting pitcher on the market and arguably the best free agent left standing overall. The right-hander turned in 127 1/3 innings of 3.32 ERA ball in 2022 — a fine rebound showing after a tough three-year stretch from 2019-21. Wacha’s 6% walk rate in 2022 was particularly sharp, and he scaled back his home run rate quite a bit in 2022 (1.83 HR/9 from 2019-21; 1.27 HR/9 in 2022). He was better than average at limiting hard contact from his opponents, surrendering an 88.2 mph average exit velocity and 35.4% hard-hit rate.

The 2022 performance, however, wasn’t without its red flags. A pair of trips to the injured list, one for an intercostal strain and another for shoulder inflammation, limited him to 23 starts. That shoulder issue was his fourth IL placement due to shoulder trouble since 2014. Wacha’s 20.2% strikeout rate and 41% ground-ball rate were below the league average, albeit by a matter of a couple percentage points each.

Ultimately, Wacha had a solid season but can’t reasonably be expected to replicate that shiny 3.32 ERA. Beyond some of last year’s under-the-hood numbers, it should be pointed out that from 2019-21, Wacha pitched 285 1/3 innings with a 5.11 ERA between the Cardinals, Mets and Rays. Wacha’s strikeout, walk and ground-ball rates in that stretch all compare favorably to his 2022 work, however, and the main culprit for his struggles in that stretch could well have been an anomalously high home-run rate that trended back toward his career levels in 2022.

In all likelihood, Wacha’s true talent level lies somewhere between the extremes of that 2019-21 stretch and his sharp 2022 output. Fielding-independent marks pegged him around 4.00 last year (4.14 FIP, 3.99 xFIP, 4.07 SIERA). That’d make him a solid option closer to the back end of a big league rotation, which is just where he’s likely to slot in with his new club in San Diego. Joe Musgrove, Yu Darvish and Blake Snell are slotted into the top three rotation spots, but Wacha will give the Friars a solid No. 4 option.

Both Nick Martinez and Seth Lugo have been expected to be utilized as starters with the Padres in 2023, but it’s not a given that Wacha will push either to the bullpen. There’s been talk of a six-man rotation in San Diego, which is only sensible given that Martinez and Lugo both worked primarily out of the bullpen in 2022. Martinez made 10 starts for the Padres but 37 relief appearances, finishing out the season at 106 1/3 innings. Lugo has been exclusively a reliever in 2021-22, with his last start coming for the 2020 Mets. Both righties will likely see their workloads monitored in 2023, so bringing Wacha into the mix both gives the Padres some sorely needed depth and gives them an organic mechanism with which to manage the innings counts for Martinez and Lugo.

Even looking beyond the possible six-man rotation, the Padres are now simply better positioned to withstand an injury to one of their top five arms. That’s of particular importance, as recent trades have thinned out the system’s depth. Gone are MacKenzie Gore, Chris Paddack, Luis Patino, Cal Quantrill and Robert Gasser, who were traded in the respective packages that netted Juan Soto, Taylor Rogers, Snell, Mike Clevinger (who departed as a free agent) and Josh Hader.

The top depth options behind Martinez and Lugo on the 40-man roster had been Adrian Morejon (57 1/3 innings in 2022), Ryan Weathers (6.73 ERA in Triple-A), Reiss Knehr (6.88 ERA in Triple-A), Pedro Avila (13 1/3 MLB innings) and Jay Groome (zero MLB experience; 67 innings in Triple-A). Non-roster veterans in camp include Julio Teheran, Wilmer Font and Aaron Brooks. Suffice it to say, any serious injury to the starting staff pre-Wacha would’ve stretched the depth; two might have been disastrous. Wacha helps to lessen such risks.

Wacha’s deal was surely structured with care, in an effort to keep the team shy of the third luxury tax barrier. The convoluted option sequence serves to tamp down the deal’s average annual value. Wacha’s deal comes with a $6.5MM hit for competitive balance tax purposes, with the 2023 money and three player options all treated as guaranteed years from a CBT angle.

San Diego had been estimated less than $7MM away from the third tier of luxury penalization, which kicks in at $273MM. If the Friars exceed that point, they’ll begin to be taxed at a 75% rate for any money spent up to $293MM (rather than the 45% rate at which they were taxed on the previous $20MM spent). That’s a small slap on the wrist by itself, but stepping into the third bracket of luxury penalties also pushes a team’s top pick in the next year’s draft (i.e. 2024) back by ten places. The team’s league-allotted bonus pool is also inherently reduced, in conjunction with the diminished slot value of that pick.

The Padres are a team in all-out win-now mode, but they’ve ostensibly been unwilling to pass the $273MM threshold and incur the associated draft penalties. Even this agreement with Wacha would likely not have been possible had the team not signed the aforementioned Darvish to an extension that tamped down the AAV on his own contract, giving them a couple million dollars of extra wiggle room with regard to the tax.

The apparent unwillingness to step into tier three of the luxury tax is understandable, to an extent, given that the front office surely wants to recoup some of the minor league talent that was lost in trades for Soto, Hader and others. That said, it’s still possible that in-season needs will prompt the team to make a tough decision on that front, as the trade deadline could come down to a matter of taking on salary (and crossing into that tax bracket anyway) or persuading trade partners to pay down the salary of any players being sent to San Diego, which would likely require the Padres to surrender additional minor league talent anyhow. There’s an argument that the Padres should’ve just barreled past the tax line in the offseason, but it seems they’ll continue trying to thread the needle of fielding the strongest possible club while preserving the strongest possible 2024 draft. Whether that path remains tenable come July remains to be seen.

Ken Rosenthal of the Athletic was first to report the agreement, financial terms and incentive breakdown.

Latest On Padres’ Outfield Plans

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In comments to reporters (including Kevin Acee of the San Diego Post-Tribune), manager Bob Melvin confirmed his plans for the Padres’ outfield in 2023. After spending all of 2021 and 2022 in right field, superstar Juan Soto will be shifting back to left field, where he spent most of the 2018-20 seasons, for the upcoming campaign. Soto graded out well as a defender in right over the course of the 2021 season, but defensive metrics soured on his glovework in 2022, when he rated as the second-worst defender in all of baseball by Statcast’s Outs Above Average metric with an OAA of -16.

Elsewhere in the outfield, Fernando Tatis Jr. figures to be a regular starter once he has finished serving his suspension for PED usage. Tatis, of course, had primarily played shortstop to this point in his career, but Xander Bogaerts now figures to fill that position on the diamond following the Padres signing him to an 11-year deal earlier this offseason. With Tatis now displaced, he appears poised to get regular starts in right field once he’s eligible to return in late April.

While right field figures to be where Tatis finds most of his playing time, Acee notes the star slugger has his eye on another position: center field. While Tatis is certainly athletic enough to handle center field, having already logged 56 innings at the position in his career, it seems unlikely that he would displace incumbent center fielder Trent Grisham, who won a Gold Glove for his work up the middle in 2022. That being said, Grisham struggled at the plate in 2022, slashing a meager .184/.284/.341 (83 wRC+) in 524 plate appearances.

Given Grisham’s offensive struggles, it stands to reason that Tatis could still slide over to center on occasion, opening up right field for a player like Matt Carpenter, Jose Azocar, or Brandon Dixon. This would make particular sense against left-handed pitchers, over whom either Azocar or Dixon would hold a platoon advantage in contrast to Grisham’s same-handed bat.

For his part, Melvin was non-committal as to where Tatis will play once he can return from his suspension, noting the club has to get through not only Spring Training, but the first 20 games of the regular season before Tatis can play anywhere. That being said, he did admit he could see Tatis moving around the field to play multiple positions as necessary, leaving open the possibility Tatis could get some starts in center over the course of the 2023 season.

Padres Optimistic Regarding Drew Pomeranz’s Readiness For Season

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The Padres were without a key bullpen piece for all of last season. Left-hander Drew Pomeranz missed the whole year after suffering a setback in his recovery from August 2021 surgery to repair a torn flexor tendon in his forearm.

With camp opening this week, San Diego skipper Bob Melvin provided reporters (including AJ Cassavell of MLB.com) with an update on the veteran reliever’s status. While the club plans to take things cautiously early in exhibition play, they’re anticipating a fairly normal build-up to the regular season. “I wouldn’t say (Pomeranz) is on a program where he’s completely a ’go’ like everybody else,” Melvin said. “That could happen at some point in time early in camp. There’s still probably some restrictions on him. But once we get to games, hopefully he’s in a place where he’s just trying to get ready for a season.”

If all goes as expected, the 34-year-old will be in the Opening Day bullpen. A healthy Pomeranz would have a chance at carving out a key late-game role. Prior to his season-ending injury in 2021, he’d posted a 1.75 ERA with a 29.4% strikeout percentage through 25 2/3 innings. That came on the heels of an even more dominant 1.45 ERA, 39.7% strikeout rate over 18 1/3 frames during the shortened 2020 season. All told, Pomeranz has a 1.62 ERA while punching out a little more than a third of his opponents in 47 appearances during this stint as a Padre.

Signed to a surprising four-year deal over the 2019-20 offseason, Pomeranz has more than made good on the organization’s faith on a rate basis but unfortunately been unable to accrue many innings. He’s headed into the final season of that contract and playing this year on a $10MM salary. That makes this a pivotal season for the former All-Star, since he’s slated to return to the open market next winter.

Pomeranz will at least be joined by star closer Josh Hader and ground-ball specialist Tim Hill as left-handers in the bullpen. Adrián Morejón would likely join them if he’s not given a rotation opportunity. San Diego would have to keep Rule 5 selection Jose Lopez on the big league staff if they want to retain his long-term contractual rights, while José Castillo, Tom Cosgrove and Ray Kerr could all find themselves in the mix. There’s ample depth, though Pomeranz may have the highest upside of the bunch aside from Hader. From the right side, Robert Suarez, Luis García and Steven Wilson all look likely to assume important innings in what should be a very strong relief corps.

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