After a successful 2024 campaign that saw the Padres return to the postseason despite cutting payroll and trading Juan Soto, president of baseball operations A.J. Preller is doubtlessly looking to improve his team over the winter. To that end, he told MLB.com’s AJ Cassavell that he’s looking to address holes in the corner outfield, the starting rotation, and behind the dish. None of that is especially surprising considering some of the players the Padres lost to free agency this winter, namely left fielder Jurickson Profar, starter Martín Pérez, and catcher Kyle Higashioka. Moreover, starter Joe Musgrove will miss the 2025 season after undergoing Tommy John surgery, leaving the rotation without much depth.
With that said, the Padres have not yet been linked to many free agents to fill those holes. They’re interested in starter Roki Sasaki (per ESPN), but at this point, so is just about everyone else. When it comes to catchers, they’re starting to run out of options, with Higashioka, Travis d’Arnaud, Danny Jansen, and Gary Sánchez off the market and Carson Kelly nearing a deal with the Cubs. As for corner outfielders, the Padres haven’t been strongly connected to anyone yet; Preller told Cassavell he hasn’t closed the door on a reunion with Profar, but that’s pretty much it.
Similarly, the Padres have expressed some interest in bringing back Ha-Seong Kim, although the infield seems to be less of a priority. After all, the team already has an internal option to replace Kim at the keystone: Jake Cronenworth can play more often at second base and Luis Arraez can play more often at first.
Bolstering the bullpen isn’t at the top of Preller’s to-do list either, but ESPN’s Jorge Castillo recently included the Padres on a list of suitors for right-hander Jonathan Loáisiga. While the Padres lost Tanner Scott to free agency, they still have a pair of imposing back-end relievers in Robert Suarez and Jason Adam. Jeremiah Estrada and Adrian Morejon also enjoyed strong breakout seasons in 2024, while Yuki Matsui was solid in his first taste of MLB action. Even so, there’s no such thing as too much bullpen talent, and Loáisiga is the kind of high-upside arm it can’t hurt to check in on. Due to numerous arm injuries over the past three years (most recently a torn UCL), he’s unlikely to sign for multiple years or much money. However, he was dominant the last time he was healthy in 2021, tossing 70 2/3 innings with a 2.17 ERA. He flashed a 98 mph sinker and nasty sweeping curveball in a handful of outings earlier this year, and it’s possible he’ll be back from his internal brace procedure in time for Opening Day.
So, why might the Padres be particularly interested in a buy-low free agent like Loáisiga? Perhaps it’s the same reason they haven’t linked to many other free agents, even at areas of greater need. Kevin Acee of The San Diego Union-Tribune writes that San Diego’s payroll will likely fall somewhere in between last year’s final tally of $169MM and the current RosterResource estimate of $210MM for 2025. In other words, Preller might need to get some cash off the books before can start spending.
One idea to help the Padres reduce payroll that’s recently been picking up steam is trading Dylan Cease. According to Acee, they have indeed discussed the idea with other teams at the Winter Meetings. It’s not clear how serious those discussions are; some of Acee’s sources suggest the Padres are actively shopping the right-hander, while others suggest they’re merely open to offers.
Needless to say, Cease isn’t a player most contending teams would consider trading. According to FanGraphs, he was worth 4.8 WAR in 2024 and 17.2 WAR over the past four seasons. That’s not the kind of production that’s easy to replace at any price, let alone his $13.7MM projected salary. That said, this wouldn’t be the first time Preller has traded a star player while remaining competitive. Perhaps he’s confident the Padres will land Sasaki. Alternatively, he could be planning to trade for Garrett Crochet; the Padres have been linked to the White Sox ace. Those might be the only two options for San Diego to replace a top-of-the-rotation pitcher like Cease at a lower salary.
Indeed, without Sasaki or Crochet, it’s hard to imagine how trading Cease wouldn’t set the Padres back. After all, Preller himself said that adding a starting pitcher was a priority this offseason. Beyond Cease, Michael King, and Yu Darvish, the Padres rotation is all question marks. Randy Vásquez struggled in his first season with San Diego, while Matt Waldron quickly slowed down after a hot start in 2024. Dealing Cease could help the Padres fill other holes on the roster, but without a frontline starter to take his place, such a move might just be one step forward and two steps back.