Rangers' Padilla reportedly placed on waivers

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Sources told FOXSports.com’s Ken Rosenthal that the Rangers have placed Vicente Padilla on waivers.

That the Rangers appear to be open to giving up a pitcher who is 17-11
since the beginning of last season without getting anything in return
could be a sign of just how deep owner Tom Hicks’ financial woes
run. Padilla has only occasionally pitched up to his talent in his
career, but he was quite an asset in two of his first three seasons in
Texas and the team is 6-3 in his starts this year, even if two
shellings have left him with a 5.57 ERA.

Rosenthal’s report has Padilla on outright waivers, meaning the
Rangers would be unable to pull him back if there’s a team willing to
take on the approx. $8 million he’s owed for the rest of the year, as
well as the $1.75 million buyout of his $12 million club option in
2010. However, it seems unlikely that any club would be willing to
spend that much money. If there’s some behind the scenes stuff here and
the Rangers are committed to getting rid of him, then a trade seems
likely, with the team kicking in at least $3 million-$4 million or
taking on a rather expensive player in return. If the Rangers are fine
with keeping him in their rotation, then it’s likely that Padilla would
hang around after clearing waivers.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.