Here’s why: Peavy signed an extension carrying him thru 2012 with a club option in 2013:
- 2010: $15M
- 2011: $16M
- 2012: $17M
- 2013: $22M club option ($4M buyout)
Does it make sense for ANY team to put roughly one-third of their payroll in one pitcher, or if you add in what Hoffman might make, 45% tied up in two pitchers? Absolutely not.
The Padres are likely to cut their payroll — which was about $74 million at the outset of the 2008 season — to something in the range of $50 million for next year. The $9 million option of Brian Giles will probably be declined, with the Padres fielding an outfield of Jody Gerut, Venable and Chase Headley.
I think the Yanks SHOULD do what it takes to get Peavy as I still don’t think Sabathia will choose to don the pinstripes. This is different than Johan in that Peavy’s already signed for 4 years, if you include the option year for HALF of what it would cost to sign Sabathia and/or Johan. Half. Peavy is only 27 years old
. He won the NL Cy Young award last year. He slogged thru 27 starts this year, dinged up a bit, but still posted a 2.85 ERA with a 1.18 WHIP and 166 K’s in 173.2 IP. His 10-11 W/L record is testament to the quality of the Padres this year, not his efforts.
Cost and control without an onerous contract length. I like it.
What about the gaping 2B hole, you ask? I’d call Orlando Hudson immediately and get him in a hurry. He’s a high energy guy with Gold Glove defense. He’d be a welcome boost for this team and he’s only 30 years old. Otherwise, if there are no kids on the farm, I’d look at a Nick Punto or even Mark Ellis for two years.
Look, I am a big Cano fan but if you can get Peavy, you get Peavy and deal with the consequences of backfilling 2B whereever and however you can.
And while I knew he’d never answer it, I actually proposed this very idea to Paul DePodesta in my list of questions that I sent him as part of the interview I did with him
. He declined to answer that one, but with The Guy Upstairs as my witness, I did ask him about Peavy and trading him if payroll dropped, even so much as suggesting players from the Yanks.
UPDATE (10/1/08, 12:35pm): Here’s the juice from Buster’s blog:
Jake Peavy, Padres: He won the 2007 Cy Young Award and posted a solid 10-11 record with a 2.85 ERA, with 166 strikeouts in 173 2/3 innings this season. He is under contract for the next four seasons, at salaries of $8 million, $15 million, $16 million and $17 million (with a $22 million option for 2013). But he has become increasingly vocal in his frustration with the Padres, and with the team reducing its payroll to something in the neighborhood of $50 million this year, Peavy’s salary will increasingly become top-heavy within the San Diego budget. General manager Kevin Towers has been quoted as saying that the Padres have no untouchable players, and there are executives who say they think Peavy could be taken for the right package of prospects. Peavy has a full no-trade clause and would have to agree to any deal.
Now, I think if the Yanks (or anyone, really) come and make a strong offer to Towers, plus agree to guarantee the option year for Peavy to waive his NTC, it can be done.
It makes zero fiscal sense to tie up that much of your available resources in one asset. If the team will stink with him, it can stink without him. But it could be better positioned to recover quicker if Peavy’s dealt for a bevy of MLB-ready players.