The Padres have announced that owner and chairman Peter Seidler has passed away at the age of 63.
“The Padres organization mourns the passing of our beloved Chairman and owner, Peter Seidler,” said Padres CEO Erik Greupner. “Today, our love and prayers encircle Peter’s family as they grieve the loss of an extraordinary husband, father, son, brother, uncle, and friend. Peter was a kind and generous man who was devoted to his wife, children, and extended family. He also consistently exhibited heartfelt compassion for others, especially those less fortunate. His impact on the city of San Diego and the baseball world will be felt for generations. His generous spirit is now firmly embedded in the fabric of the Padres. Although he was our Chairman and owner, Peter was at his core a Padres fan. He will be dearly missed.”
The club also announced that they will open the Home Plate Gate at Petco Park beginning this afternoon for those who wish to gather to pay their respects. Free parking will be available at Tailgate Lot. Seidler has been battling an illness for months but his family has requested that the cause of death remain private at this time, per Kevin Acee of the San Diego Union-Tribune.
Seidler bought a majority stake of the Padres in November of 2020. He was already part of the ownership group but was approved at that time by the 29 other owners to be the control person in San Diego. By doing so, he was following in the footsteps of his grandfather Walter O’Malley, who owned the Dodgers from 1950 to 1979 and moved them from Brooklyn to Los Angeles.
Once he took control of the Padres, Seidler quickly earned a reputation as one of the boldest and most aggressive owners in the sport. Per the calculations of Cot’s Baseball Contracts, the Padres spent much of the first 20 years of this century with payrolls near the bottom of the league and never higher than the middle. But they have been in the top 10 in each of the past three seasons, getting as high as third in 2023. That period has seen them five nine-figure deals to star players like Manny Machado, Fernando Tatis Jr., Xander Bogaerts and Joe Musgrove while also making headline-grabbing trades for Juan Soto and Yu Darvish.
The on-field results have been mixed. After making the postseason in 2020, the Friars had high hopes for 2021 but disappointed with a 79-83 record. They finally broke through in 2022, going 89-73 and making the playoffs in a full season for the first time since 2006. They knocked off the Mets and the Dodgers in the postseason before getting eliminated by the Phillies in the NLCS.
2023 was another disappointment, as the club slid to 82-80 and just missed the playoffs. But on the heels of the 2022 campaign and more spending coming into the year, excitement in San Diego was clearly at a high. 2023 saw the club set a franchise record for attendance, per Dennis Lin of The Athletic. However, it appears that the club’s momentum was fading as the 2023-2024 offseason approached.
The ongoing bankruptcy of Diamond Sports Group, which operates Bally Sports regional networks, led to Major League Baseball taking over the club’s broadcasts in May. The club reportedly took out a $50MM loan to cover payroll during the season and were reportedly planning to reduce spending this winter. That has led to widespread speculation that the club would consider trading a star like Soto as a cost-cutting move.
It was reported by multiple outlets in September, including the Associated Press, that Seidler was a two-time cancer survivor and he underwent an unspecified medical procedure at that time. It’s unknown if the internal structure of the club changed in recent months with Seidler’s ongoing health situation, but regardless, questions will eventually have to be answered about who is now calling the shots and what the club’s path forward is.
Those questions can be left for another day. Today, the baseball world is mourning an owner who seemed beloved in all corners of the sport. In a few short years, he turned the Padres from a basement-dwelling afterthought into a star-laden club that gave the residents of San Diego pride and excitement. We at MLB Trade Rumors join the rest of the baseball world in sending our condolences to his family, friends and loved ones.