Nick Martinez returns to Padres on 3-year, $26 million deal

Orlando Ramirez-USA TODAY Sports
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SAN DIEGO — Right-hander Nick Martinez agreed to a three-year, $26 million contract with the San Diego Padres.

Martinez had turned down a $6.5 million contract with San Diego last week, becoming a free agent. But the Padres made a more substantial offer after he went 4-4 with a 3.47 ERA in his return from Japanese baseball.

“I love the city,” Martinez said, according to the San Diego Union-Tribune. “The fans were incredible. The support, the love. I feel like they have the same desire to win as the team does. Obviously, you talk about the clubhouse, how great the group of guys are, it was really a no-brainer.”

Martinez split time between the rotation and the bullpen last season.

The new deal guarantees him $10 million in 2023, $8 million in ’24 and $8 million in ’25. He can opt out after ’23, and the deal contains performance bonuses. Should he perform well as a starter, the team has $16 million options for both ’24 and ’25.

“The contract speaks for itself,” Martinez said. “I’m going to have an opportunity to show I can start for an entire year. Through my incentives and what I’m getting paid this year, those team options give me a chance to prove that. I’m also guaranteeing some security for my family.”

Brian Cashman signs 4-year contract to remain Yankees GM

Lucas Peltier-USA TODAY Sports
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SAN DIEGO — Brian Cashman has signed a four-year contract to remain the New York Yankees Senior Vice President and General Manager. The announcement was made during the first day of baseball’s Winter Meetings.

Cashman, New York’s GM since 1998, had been working on a handshake agreement since early November, when his five-year contract expired.

The Yankees were swept by four games in the AL Championship Series and haven’t reached the World Series since winning in 2009. It is the franchise’s longest title drought since an 18-year gap between 1978-96.

Cashman’s main goal during the offseason is trying to re-sign AL MVP Aaron Judge.

Judge hit an American League-record 62 homers this season with a .311 batting average and 131 RBIs. He turned down the Yankees’ offer on the eve of opening day of a seven-year contract that would have paid $213.5 million from 2023-29.

While Judge remains on the market, Cashman was able to re-sign Anthony Rizzo on Nov. 15 to a two-year contract worth $40 million after turning down a $16 million player option.

Cashman has been the Yankees general manager since 1998. He has been with the organization since 1986, when he was a 19-year old intern in the scouting department. In his 25 seasons as GM, the Yankees have reached the postseason 21 times, including four World Series championships and six American League titles.