Over at FanGraphs last week, Craig Edwards wrote about teams with the most “dead money”—that is, money paid to players who aren’t playing for the team that’s paying them. The Padres, somewhat surprisingly, are second on the list, with $35 million—over half their entire 2017 payroll—in contracts being paid out to old friends playing elsewhere, in 2017 alone.
It’s surprising because the dead money leaderboards are usually populated by large market clubs, almost exclusively. In fact, all of the teams surrounding the Padres—the Dodgers, Yankees, Angels, and Red Sox—qualify as such. Those teams are able to pay players to go away, in a sense, whereas small market clubs are less likely to part with millions of dollars without the chance of a tangible, on-the-field return. In other words, small market teams are, in general, less likely to get too cozy with the concept of sunk costs.
On the surface, it looks bad. It’s another area where the baseball commentariat can point out lowly San Diego and get a chuckle or two. In an ideal situation, you don’t want to be on this list, and a number of the players the Padres are still paying—Matt Kemp and James Shields to name two—conger up bad memories of bad decisions.
Think of it another way, though: the Padres are actually paying money, lots of money, to make their future outlook brighter. Let’s go through some of the players individually.