The Padres seem to have a budget crunch and are considering all kinds of options for how to stop feeling the squeeze. It was reported this week that they have been exploring the possibility of trading right-hander Dylan Cease and now Kevin Acee of the San Diego Union-Tribune reports that they have discussed trading infielder Luis Arráez. Jon Heyman of The New York Post reports that they have received inquires on Cease, Arráez and Xander Bogaerts as well.
It was reported this week that the club was probably going to have to drop its payroll commitments. They had a $169MM payroll in 2024 but RosterResource currently projects them to be at $210MM next year. It’s not known exactly where they need to wind up, but it should be somewhere in between those two numbers. Acee’s report from today suggests that Preller can be above $169MM but not by much. Trading prospects doesn’t seem to be a strong consideration since the club has done a lot of that in recent years. The farm is still highlighted by Leodalis De Vries and Ethan Salas but all reports have suggested those two are fairly untouchable.
That’s a tricky situation since the Friars need to upgrade at catcher, in an outfield corner and in the rotation. Doing so while also cutting spending is a difficult tightrope to walk. It’s a similar situation to last winter, when the Padres also had to scale back the budget but had notable concerns about the pitching depth and outfield.
President of baseball operations A.J. Preller somehow made it work by trading Juan Soto to the Yankees for a pile of pitchers, including Michael King and Drew Thorpe, with the latter then used to acquire Cease. They also moved shortstop prospect Jackson Merrill to center field, skipping him over Triple-A, and struck gold by signing Jurickson Profar for just $1MM. They ended up having a good season and getting back into the playoffs but now face another tough balancing act.
Bogaerts, Manny Machado, Fernando Tatis Jr., Joe Musgrove and Yu Darvish are all making big money but those contracts are hard to move, both because the players are key parts of the roster and each has a full no-trade clause. Cease and Arráez, however, have no such protection and both are controlled for just one more season via arbitration. MLBTR contributor Matt Swartz projects Arráez for a salary of $14.6MM next year and Cease for $13.7MM.
That amount of money is perhaps a sweet spot. The players should have surplus value, meaning they would generate interest from other clubs, but the numbers are also big enough where a trade would reduce San Diego’s payroll by a notable amount.
It will be a delicate line for Preller to walk, especially with Cease. The rotation is already thin as it is, with Musgrove slated to miss most or all of 2025 recovering from Tommy John surgery. There’s a strong front three of Cease, King and Darvish but question marks after that. Moving Cease could save some money and bring back a return of some kind, but it would make the rotation depth even thinner. Getting Roki Sasaki would be ideal since he’s very good and will be limited to a small signing bonus, but there’s no guarantees there and it will be another month before there’s clarity on the situation.
One thing that could help is converting a reliever to a full-time starting role, as they did with King last year and Seth Lugo before. AJ Cassavell of MLB.com relays that Preller has identified Adrián Morejón, Bryan Hoeing and Stephen Kolek as candidates for such a move.
MLBTR looked into the possibility of stretching out Morejón in October, though MLBTR readers were fairly split on the idea, with a slight majority favoring him staying in the bullpen. The argument for stretching him out is that he was once a highly-regarded starting pitching prospect before getting derailed by injuries. In 2024, he was healthy enough to avoid the IL all year, tossing 63 2/3 innings out of the bullpen with a 2.83 ERA, 26.1% strikeout rate, 7.7% walk rate and 51.4% ground ball rate. The Padres could just keep him in that role since it worked for him but they could also view that healthy season as a springboard to a larger workload in 2025.
Neither Hoeing nor Kolek had the same prospect pedigree as Morejón but both have largely worked in relief after coming up as starters in the minors. Hoeing tossed 53 2/3 innings in 2024 with a 2.18 ERA, 20.5% strikeout rate, 6.7% walk rate and 48.3% ground ball rate. Kolek tossed 46 2/3 innings with a 5.21 ERA, 18.5% strikeout rate, 5.7% walk rate and 55.9% ground ball rate.
Any of the three would be far cheaper than Cease. Hoeing and Kolek are still in their pre-arbitration years. Morejón’s injuries have limited him to modest $1.8MM projection for next year even though he has more than four years of service time. That price point is attractive but there’s obviously big risk in flipping an established starter like Cease and hoping for these guys to slot in for him.
With Arráez, it’s a bit easier to see the logic. Without him, the club could have an infield of Machado, Bogaerts and Jake Cronenworth from left to right. Finding a passable first baseman for less than what Arráez is slated to make is more plausible than replacing Cease with a pitcher of similar quality. They could flip Arráez for whatever clubs are willing to offer in return, then theoretically sign someone like Donovan Solano, Carlos Santana or Justin Turner for less money.
But on the other hand, the teams interested in Arráez could also look to those options as reasons to not give up much in trade. Despite winning three straight batting titles, Arráez is a fairly limited player since he’s not a strong defender, doesn’t walk much and doesn’t provide power. He’s certainly useful but Acee suggests Cease is more likely to move because the prices on starting pitching have been aggressive this winter, meaning he would have more interest than Arráez despite having essentially the same projected salary.
The Bogaerts possibility in interesting but the least likely of the three to come together. As mentioned, he has a full no-trade clause and would have to approve any deal. He’s also set to make $25MM annually for another nine years, leaving $225MM left on his deal. Heyman suggests that the strong spending this winter makes the deal look more attractive than before, but that’s still an underwater deal.
Bogaerts is three years older than Willy Adames, who just got a guarantee of $182MM from the Giants. He’s also coming off a down year in which he missed time due to injury and slashed .264/.307/.381 for a 95 wRC+. His shortstop defense has also been questionable enough that the Padres moved him to second base in deference to Ha-Seong Kim, though he did retake the position late in the year when Kim was hurt. Even if the Padres found a taker for Bogaerts, it would create a shortstop vacancy and add another item to the to-do list. Re-signing Kim is theoretically possible but he’s still recovering from shoulder surgery and might not be a factor in the first half of the season. The free agent market doesn’t have any more clear-cut everyday options.
Speculatively speaking, it’s a bit easier to see this kind of thing with Cronenworth, who had been in trade rumors in the past. Going into 2023, he and the Padres agreed to a seven-year, $80MM extension for the 2024-30 seasons. He then had a down year in 2023 and the Friars looked into moving him during last winter’s budget crunch but didn’t get anything done. He bounced back with a .241/.324/.390 showing in 2024 for a 105 wRC+, much better than his .229/.312/.378 line and 91 wRC+ in 2023.
He is still owed $71MM over the next six years but that’s less than a third of the money left on the Bogaerts deal. Cronenworth is also a bit younger, turning 31 in January. Trading him would open a hole at second base for the Friars, unless they are willing to play Arráez there, but free agency features Gleyber Torres, Jose Iglesias, Jorge Polanco and other possible replacements.
There are many factors for Preller to balance as he puts together next year’s club, but it’s at least a position he’s familiar with. Naturally, how he proceeds will depend on what other clubs are offering for Cease or Arráez or other players, but it will interesting to see him juggle all the different elements.
