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.