Insurance will cover $19 million of Mark Teixeira’s salary

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Mark Teixeira’s season is over after just 15 unproductive games thanks to a wrist injury suffered during the World Baseball Classic and Andrew Marchand of ESPN New York has the details on how much of that will be covered by insurance.

Between the WBC-based insurance from MLB and their own insurance the Yankees will reportedly get back $18.7 million of his $22.5 million salary for this season. According to Marchand the WBC-based portion of that is $7 million.

All of which seems to suggest that the Yankees would have plenty of money to throw around for a midseason pickup, particularly if it were someone on a one-year deal.

Teixeira, who’s 33 years old and hasn’t topped an .850 OPS since 2009, is signed for three more seasons after this one at $22.5 million per year.

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.