The Padres are acquiring right-hander Jason Adam from the Rays, per Robert Murray of FanSided on X. Kiley McDaniel of ESPN relays on X that the Padres are sending righty Dylan Lesko to the Rays. Jeff Passan of ESPN reports on X that outfielder Homer Bush Jr. and a third prospect are also going to Tampa. The third prospect is J.D. Gonzalez, per Joel Sherman of The New York Post on X.
Like so many other players before him, Adam bounced around the league before finally becoming his best self in Tampa. He was drafted by the Royals back in 2010 and subsequently spent time in several organizations, including the Padres, as well as the Twins, Blue Jays and Cubs. He was non-tendered by the Cubs after 2021, at that point sitting on a 4.71 earned run average through 78 1/3 major league innings. He had struck out 27.9% of batters faced but also given out walks at a high rate of 11.4%.
The Rays signed him going into 2022 and he has taken his game to another level since then. He made 170 appearances as a Ray with a 2.30 ERA, 30.4% strikeout rate, 8.3% walk rate and 44.7% ground ball rate. He has 24 saves and 51 holds in that time. That includes 47 appearances this year with a 2.49 ERA. His 27.8% strikeout rate in 2024 is a few ticks below recent years but his 47.3% ground ball rate is a personal best.
All contending clubs are looking to bolster their bullpens at this time of year and that’s especially true of the Padres. Their relief corps has a combined ERA of 4.19, which places them in the bottom third of the league. They’ve received good results from Robert Suarez, Jeremiah Estrada, Yuki Matsui and others but guys like Wandy Peralta and Enyel De Los Santos have struggled, with Peralta currently on the injured list.
Adding Adam and his skills to that relief group is understandably appealing, as is his modest salary. Though he turns 33 years old next month, his long journey to being established at the major league level has led to him having a delayed path to notable earnings. He qualified for arbitration for the first time going into 2023 as a Super Two player and made $1.775MM last year, getting a modest bump to $2.7MM here in 2024. He is eligible for two more arbitration seasons before he’s slated for free agency after 2026.
The Padres had to make significant salary cuts in the offseason, which led to Juan Soto getting trading to the Yankees. They have still attempted to field a competitive team here in 2024 and have succeeded. They are currently on a seven-game winning streak that has bumped them to 57-50 and possession of a National League Wild Card spot. But they seemingly want to avoid the competitive balance tax this year and are currently on pace to do so.
RosterResource calculates their CBT number at $225MM, roughly $12MM away from the $237MM base threshold. That appears to give them a decent amount of wiggle room but that’s an unofficial estimate. Adam has less than a $1MM left to be paid out this year, so he will only marginally increase San Diego’s CBT number, perhaps leaving the front office room for further moves.
More to come.