Padres, Joe Musgrove agree to 5 year, $100 million extension

Padres and his right arm Joe Musgrove The New York Post’s Jon Heyman reports (Twitter
link). The deal – paying salaries of even $20 million per year between 2023-27 – includes a full commercial ban for the next four seasons, as well as limited non-trade protection for 2027. Heyman reported last Friday the parties closed the transaction on those terms. Musgrove, a client of Full Circle Sports Management, has been designated a free agent later this year.

Musgrove and the Friars have spent months working the renewal terms around, with progress seemingly accelerating around the All-Star break. Kevin Acee of the San Diego Union-Tribune reported on break Both sides believe an agreement can be struck before the unofficial second half start of the season. That obviously didn’t happen, but that clearly didn’t stop or prevent negotiations in a meaningful way.

The $100 million price tag over 5 years on record is a bit of a surprise, as the first All-Star could quite well have topped those numbers for a fair amount on the open market. Musgrove, however, is a San Diego native who has been open about his desire to stay with his hometown club. It’s certainly understandable if the chance of a nine-figure one-day salary to stay in a place where he feels comfortable is something he decides not to give up, especially given the policy of non-trade protection. strong.

However, Musgrove’s contract is tested lower than that of some of the top startups in the market last year, Kevin Gausman and Robbie Ray. Gausman received a five-year, $110 million contract from the Blue Jays. Ray signed with the Mariners for five years and $115 million in a deal that also includes the chance to opt out after the 2024 season. In addition to the record-setting three-year deal for Max ScherzerGausman and Ray contracts represent the top commitments for those who started free agency last season.

One could argue that Musgrove is a better long-term bet than either stopper. Like Ray, he’ll be starting his new deal with his 30s season-old; Gausman’s contract begins at 31. The San Diego right-back has a career-low ERA of 2.65 over 115 thirds this season, slightly below the 2.81 and 2. .84 respectively of Gausman and Ray last year. Both Gausman and Ray missed the bats in the clip better than Musgrove, but the latter has a slightly better walking speed than the 2021 free agents.

Musgrove’s foundation season is shaping up to be similar to that of Gausman and Ray, and Musgrove may have a slightly better long-term record. Ray had a bad year during the 2020 short campaign, in which he posted an ERA of 6.62. He’s shown some of the best shots earlier in his career, but his control and home run rate fluctuates quite a bit. Gausman had a very strong shortened season, but he struggled throughout the entire campaign before that. Musgrove has an ERA of less than 4.00 in each of his last three years, with a cumulative figure of 3.08 to 58 starting in early 2020.

In that context, the extension seems like a strong investment for the Monks. That’s especially true given the uncertainty over the Padres’ long-term turnaround. San Diego could lose both Sean Manaea and Mike Clevinger to the free agency this winter. Blake Snell and Yu Darvish only had a contract for a season and a half, and Nick Martinez may opt-out of your transaction after any period over the next three years. MacKenzie Gore is the only rotating building block that is sure to work about two seasons from now, and the Friars can build a lasting starting lineup around young Southpaw and Musgrove.

Musgrove’s contract comes with $20 million worth of luxury goods taxes, which will take effect from next season. The Friars crossed the CBT threshold for the first time in franchise history last year, and they could do so again in 2022. According to Jason Martinez of the franchise. Squad ResourcesSan Diego’s 2023 payroll is currently around $130 million before arbitration. The Padres luxury goods tax bill is estimated north at $162 million, while next season’s base tax threshold will be at $233 million.

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