The Reds inked Bronson Arroyo to a three-year, $35 million contract extension last week, but it turns out that similar to the contracts recently handed out to Carlos Pena, Paul Konerko and Juan Uribe, it includes some deferred money.
According to Ken Rosenthal of FOXSports.com, Arroyo will earn $6.5 million next season and $7 million in 2012, which is actually a pretty nice bargain for the Reds moving forward. This sets Arroyo up to make $18 million in the final year of his contract in 2013, which sounds insane on the surface, but Rosenthal adds that all but $3 million will be deferred without interest.
And so, even though Arroyo didn’t receive an official no-trade clause, he really doesn’t need one. If he is traded, Rosenthal writes that the deferral would be voided and he will be paid his entire $18 million salary for 2013 upfront. That Cliff Lee fellow might start to look pretty good by comparison. Arroyo probably isn’t going anywhere, anyway, as he gains 10-and-5 rights next season.
Twins right-hander Phil Hughes is headed to the Padres, according to announcements from both teams on Sunday. The Padres will also receive the 74th overall draft pick and cash considerations from the Twins, who are getting minor league catcher Janigson Villalobos in return. Minnesota is expected to absorb $7.5 million of Hughes’ $22 million contract; per MLB.com’s Mark Feinsand, they’ll take on his remaining salary for the 2018 season and pay an additional $5.7 million in 2019.
Hughes, 31, is far from the 16-win, sub-4.00 ERA hurler the Twins enjoyed in 2014. He hasn’t pitched more than 60 innings in any season since 2015, due in part to multiple bouts of back stiffness and shoulder surgeries. He was designated for assignment last week after missing significant time with a left oblique strain and delivering a 6.75 ERA, 3.8 BB/9 and 6.0 SO/9 through his first 12 innings of 2018.
Villalobos, meanwhile, will provide the Twins with some depth as he continues to work his way through the minor league system. The 21-year-old backstop recently completed a circuit with the Padres’ rookie-level affiliate in the Arizona League, slashing .275/.367/.388 with eight extra bases and a .755 OPS in 98 PA.
The real get for the Padres isn’t Hughes (even with much of his salary already accounted for), but the Competitive Balance B selection in next week’s amateur draft. As MLB.com’s AJ Cassavell points out, the club lost their second-round pick after inking Eric Hosmer to a massive eight-year, $144 million deal back in February.