RHP Nick Martinez, Padres finalize three-year, $26 million contract
SAN DIEGO (AP) — Nick Martinez and the Padres finalized a $26 million, three-year contract for the pitcher to stay with San Diego.
Martinez will get a $10 million wage subsequent yr, and the Padres have choices at $16 million for 2024 and 2025 beneath the settlement introduced Tuesday. Both choices should be determined after the 2023 season.
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If San Diego declines the choices, Martinez would have $8 million participant choices for 2024 and 2025.
San Diego’s possibility costs may enhance by as much as $1 million for innings in 2023: $250,000 every for 150, 165, 180 and 195. The costs would enhance by $4 million if he wins subsequent yr’s Cy Young Award, $3 million if he finishes second via fifth within the voting and $2 million if he’s sixth via tenth. The costs would go up by $1 million if he’s chosen or elected to the All-Star roster and by $500,000 if he’s a roster addition.
He has further efficiency bonuses for 2023 and any participant possibility years, however not for membership possibility seasons. He may earn $2 million for begins: $500,000 every for 10, 15, 20 and 25; $1 million for reduction appearances: $100,000 apiece for 10 and 20, and $200,000 every for 30, 40, 50 and 60; and $1.4 million for video games completed: $200,000 every for 10 and every further 5 via 40.
Martinez will get a resort suite on street journeys and can turn out to be a free agent once more when the contact ends.
Martinez went 4-4 with a 3.47 ERA with eight saves in 10 begins and 37 reduction appearances for the Padres this yr. The 32-year-old right-hander spent the earlier 4 seasons in Japan with the Hokkaido Nippon Ham Fighters after which the Fukuoka SoftBank Hawks.
He had turned down a $6.5 million participant possibility with the Padres, triggering a $1.5 million buyout that ended his contract after one yr and $7.5 million. If he had stored his contract, he would have been assured $25.5 million from 2021-23.
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