Veteran right-hander's one-year pact comes with three player options and a two-year team option for the future
The Padres wanted a veteran starter and wanted to keep costs somewhat under control.The sides agreed in principle Tuesday and finalized a deal Wednesday. Wacha was signed and in uniform Thursday morning.
“It was definitely a creative deal to get some stuff done,” Wacha said. “I think it works out pretty well for both sides. There options in there if need be — if they want to pick them up, or I can opt out. But for now, and where my head is at, this is this place where I want to be for the next few years, and I couldn’t be more excited.”
The 31-year-old right-hander with a 74-50 career record is guaranteed $26 million in the deal and could, with $2 million available in incentives, make as much as $41.5 million over three years. The structure is similar to the creative three-year pact signed by Padres pitcher Nick Martinez in November.
The Padres’ actual projected payroll in 2023 now tops $251 million, according to Spotrac. Only the two New York teams — the Mets at $330 million and Yankees at $267 million — have higher payrolls going into the season.
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