This is fun. From Adam Rubin of ESPN New York:
After general manager Sandy Alderson revealed the organization lost $70 million last year, the Mets appear poised to have the biggest one-year payroll drop in MLB history — roughly $52 million. That would surpass the former record: $48.4 million by the Texas Rangers from 2003 to 2004, according to ESPN Stats & Information.
On the one hand: depressing! Big market + new ballpark + their own sports network should = big payrolls. On the other hand: they’ve had big payrolls for years, and they haven’t broken 80 wins since 2008.
The team is gonna be fairly bad this year no matter what. It may be kind of embarrassing for the league and for some fans that a New York team is slashing payroll so dramatically. But it’s probably better to be cheap and terrible than expensive and terrible, no?
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.