Torrealba signs with the Padres, costs himself a bunch of money

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He’s not quite in Russell Branyan territory, but we now know that Yorvit Torrealba cost himself a bunch of money by turning down a good offer early in the offseason.
Six weeks ago Torrealba reportedly turned down a two-year deal from the Rockies worth around $5 million, with talks apparently breaking up over a difference of $400,000 or so. Colorado quickly moved on, signing Miguel Olivo for $2 million, and that left Torrealba scrambling for work until he finalized a one-year deal with San Diego this afternoon.
ESPN.com’s Buster Olney has the details of Torrealba’s contract, which includes $750,000 in base salary for 2010 along with a $3.5 million mutual option or $500,000 buyout for 2011. In other words, odds are that Torrealba will end up making $1.25 million for one season before hitting the open market again next winter. So for a difference of about $400,000 he probably cost himself nearly $4 million.
Torrealba will probably feel better about his decision when Johnny Damon signs for $10 million less than the Yankees were offering, but $4 million is still $4 million.