Phillies trying to trade Jonathan Papelbon

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Two seasons into a four-year, $46 million contract the Phillies are trying to trade Jonathan Papelbon, according to Ken Rosenthal of FOXSports.com.

Papelbon has been very good for the Phillies with a 2.67 ERA that’s not far off from his 2.33 ERA for the Red Sox, but his strikeout rate and average fastball velocity both declined this year and … well, giving $46 million to a relief pitcher (and giving up a first-round pick for the privilege) is just sort of crazy in general.

He’s owed $13 million in 2014 and 2015, plus a $13 million option for 2016 that can vest based on games finished. So it’s basically a two-year, $26 million deal with some risk for a three-year, $39 million deal, which is fairly similar to the contracts that Joe Nathan and Brian Wilson just signed as free agents. Still, it’s hard to imagine any team being interested in Papelbon as much more than a salary dump trade.

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.