John Lackey intends to honor contract and pitch at major league minimum salary in 2015

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The Cardinals acquired right-hander John Lackey from the Red Sox yesterday in exchange for outfielder/first baseman Allen Craig and right-hander Joe Kelly. While they paid a premium in order to land him, it’s impossible to look at this deal without taking Lackey’s contract into account.

When the Red Sox signed Lackey to a five-year, $82.5 million contract in December of 2009, they put a clause into the deal which specified that a club option for 2015 at the major league minimum salary ($500,000) would be added if he missed significant time with an elbow injury. That option was triggered after he underwent Tommy John surgery in 2011.

There’s been some speculation that Lackey would retire rather than play at the major league minimum next year or perhaps try to negotiate his deal, but he told reporters upon his arrival in St. Louis today that he intends to honor his contract.

Since his return from Tommy John surgery, Lackey has posted a 3.55 ERA over 50 starts while averaging 7.6 K/9 and 2.0 BB/9. Now you can see why the Cardinals paid a big price with Craig and Kelly. Not only did they acquire a good pitcher, they got a tremendous value.

Report: Padres acquire Tommy Pham from Rays

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Kevin Acee of the San Diego Union-Tribune reports that the Padres have acquired outfielder Tommy Pham from the Rays in exchange for outfielder Hunter Renfroe and Single-A middle infielder Xavier Edwards. The Padres are also expected to receive an as yet unknown prospect from the Rays.

Pham, 31, is entering his second year of arbitration eligibility and is projected to earn $8.6 million for the 2020 season. This past season with the Rays, Pham was valued at 3.7 Wins Above Replacement according to Baseball Reference, playing solid defense while batting .273/.369/.450 with 21 home runs, 68 RBI, 77 runs scored, and 25 stolen bases over 654 plate appearances.

Renfroe, 27, is entering his first year of arbitration eligibility as a Super Two player. MLB Trade Rumors projects him to earn a $3.4 million salary in 2020. He’s coming off of a campaign in which he set a career-high in home runs with 33 while batting .216/.289/.489 with 64 RBI and 64 runs scored across 494 trips to the plate.

Edwards, 20, was selected by the Padres in the first round (38th overall) of the 2018 draft and was ranked as the No. 5 prospect in the organization, per MLB Pipeline. He spent 2019 between Single-A Fort Wayne and High-A Lake Elsinor, batting a combined .322/.375/.396 with 27 extra-base hits, 43 RBI, 76 runs scored, and 34 stolen bases in 561 PA.

The Padres needed to upgrade the offense in the outfield as the club ranked in the bottom-third of the league with an aggregate .740 OPS from all three outfield spots. The club sent Franmil Reyes, who put up an .849 OPS for the Padres over the first four months of 2019, to the Indians at the trade deadline. Wil Myers put up a slightly below average .739 OPS and Manuel Margot posted a light .691 OPS.

It will be interesting to see if the Rays can level up Renfroe. He certainly hits for power but he will need to work on his on-base skills if he is going to help this trade pan out well for the Rays. Edwards will help as well, as he is rated No. 72 overall among prospects across the league, according to MLB Pipeline. Along with the talent acquired in the trade, the Rays save a bit of money swapping Pham for Renfroe.