Oakland Athletics v San Diego Padres

Reds acquire right-hander Mat Latos from Padres in multi-player deal

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UPDATE: The Reds just announced that they have acquired Latos from the Padres for first baseman Yonder Alonso, right-handers Edinson Volquez and Brad Boxberger and catching prospect Yasmani Grandal. Wow. This one is looking a lot better for San Diego.

1:12 PM: Well, the Reds have landed the top-flight starter they’ve been looking for all offseason.

Ken Rosenthal of FOXSports.com reports that the Reds have acquired right-hander Mat Latos from the Padres. Yonder Alonso is among the players being sent to San Diego.

Latos has a 3.37 ERA over his first 72 starts in the majors, averaging 8.7 K/9 and 2.8 BB/9. The 24-year-old began this season on the disabled list with a shoulder strain, but ended up posting a 3.47 ERA and 185/62 K/BB ratio over 194 1/3 innings. He is arbitration-eligible for the first time next winter and under team control though 2015. His home/road splits aren’t all that different, so he should do fine with the move to Great American Ballpark.

Alonso is well regarded for his bat, but was blocked at first base in Cincinnati by Joey Votto. He could probably step in as the starting first baseman with the Padres right away, though one wonders what will happen with Anthony Rizzo, who was acquired from the Red Sox in last winter’s Adrian Gonzalez deal. Perhaps new GM Josh Byrnes has another deal on the way.

Like most of you, I’m eager to see who else the Padres got here. Latos was their most valuable chip, so I’m underwhelmed at the moment.

Jake Peavy is having a bad go of things right now

SAN FRANCISCO, CA - MAY 25: Jake Peavy #22 of the San Francisco Giants pitches against the San Diego Padres during the first inning at AT&T Park on May 25, 2016 in San Francisco, California.  (Photo by Jason O. Watson/Getty Images)
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Veteran hurler Jake Peavy has not signed with a team. It’s not because he’s not still capable of being a useful pitcher — he’s well-regarded and someone would likely take a late-career chance on him — and it’s not because he no longer wishes to play. Rather, it’s because a bunch of bad things have happened in his personal life lately.

As Jerry Crasnick of ESPN reports, last year Peavy lost millions in an investment scam and spent much of the 2016 season distracted, dealing with investigations and depositions and all of the awfulness that accompanied it. Then, when the season ended, Peavy went home and was greeted with divorce papers. He has spent the offseason trying to find a new normal for himself and for his four sons.

Pitching is taking a backseat now, but Peavy plans to pitch again. Here’s hoping that things get sorted to the point where he can carry through with those plans.

The AT&T Park mortgage is paid off

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This is fun: The San Francisco Giants recently made their last payment on the $170 million, 20-year loan they obtained to finance the construction of AT&T Park. The joint is now officially paid for.

The Giants, unlike most other teams which moved into new stadiums in the past 25 years or so, did not rely on direct public financing. They tried to get it for years, of course, but when the voters, the city of San Francisco and the State of California said no, they decided to pay for it themselves. They ended up with one of baseball’s best-loved and most beautiful parks and, contrary to what the owners who desperately seek public funds will have you believe, they were not harmed competitively speaking. Indeed, rumor has it that they have won three World Series, four pennants and have made the playoffs seven times since moving into the place in 2000. They sell out routinely now too and the Giants are one of the richest teams in the sport.

Now, to be clear, the Giants are not — contrary to what some people will tell you — some Randian example of self-reliance. They did not receive direct public money to build the park, but they did get a lot of breaks. The park sits on city-owned property in what has become some of the most valuable real estate in the country. If the city had held on to that land and realized its appreciation, they could flip it to developers for far more than the revenue generated by baseball. Or, heaven forfend, use it for some other public good. The Giants likewise received some heavy tax abatements, got some extraordinarily beneficial infrastructure upgrades and require some heavy city services to operate their business. All sports stadiums, even the ones privately constructed, represent tradeoffs for the public.

Still, AT&T Park represents a better model than most sports facilities do. I mean, ask how St. Louis feels about still paying for the place the Rams used to call home before taking off for California. Ask how taxpayers in Atlanta and Arlington, Texas feel about paying for their second stadium in roughly the same time the Giants have paid off their first.