As the Padres continue to try to build a competitive roster with minimal payroll wiggle room, they’re at least entertaining offers on righty Nick Pivetta, reports Dennis Lin of The Athletic. They’re also listening on second baseman Jake Cronenworth, Lin writes, though the two are in different spots in terms of trade candidacy. Pivetta, despite an opt-out in his contract at season’s end, would presumably still be coveted by numerous clubs. Cronenworth, with five years and $60MM remaining on his contract as he heads into his age-32 season, has considerably less trade value. USA Today’s Bob Nightengale wrote yesterday that San Diego isn’t merely listening but has been actively shopping Cronenworth.
The 32-year-old Pivetta (33 in January) is coming off a terrific season in which he logged a career-low 2.87 ERA over a career-high 181 2/3 innings. It was just the sort of season for which the Padres hoped when signing Pivetta to a four-year contract — a bet made on his durability and typically strong strikeout/walk rates. Pivetta had never posted an ERA under 4.00, but metrics like SIERA (3.78) and xFIP (3.92) liked him far better than the 4.33 ERA he’d posted across the four prior seasons.
San Diego found itself in a similar situation last winter to the one in which president of baseball operations A.J. Preller now resides. The team is still intent on going for it in a competitive NL West division, but payroll has been reduced since the untimely passing of late owner Peter Seidler back in 2023. Preller & Co. drew up a four-year, $55MM deal for Pivetta that paid him just $4MM in year on ($3MM signing bonus, $1MM salary) and then jumped to $19MM in 2026, $14MM in 2027 and $18MM in 2028. Pivetta also has the right to opt out of the final two years and $32MM on his contract following the current season. That seems like all but a given, provided he’s still healthy and even reasonably effective.
That unique contract structure complicates trade scenarios surrounding Pivetta. While he’s sure to command interest, teams will view him more as a one-year rental than as a long-term pickup. They’ll also need to price in the downside of Pivetta potentially sustaining a serious injury and/or performing so poorly that he forgoes that opt-out opportunity and thus saddles them with an unwanted two-year, $32MM commitment. Pivetta could probably still bring back a prospect or lower-cost big leaguer of some note, but the return wouldn’t be as strong as many might think for a sixth-place Cy Young finisher who is technically signed for three more affordable seasons.
All of that makes the trade calculus surrounding Pivetta more difficult for Preller and his staff. The Friars are hoping to add to their rotation, not subtract from it. Trading Pivetta for a strong return and reallocating the $19MM he’ll make this coming season sounds good in theory but would be harder to execute in practice. Perhaps a team with more financial flexibility would acquire Pivetta with an eye toward restructuring his contract (extending him but also removing the opt-out opportunities), though that’s a purely speculative scenario and not one that is typical throughout MLB as a whole.
With regard to Cronenworth, he’s coming off a productive season, but his contract is still generally underwater. The lefty-swinging infielder hit .246/.367/.377 in 2025, with the bulk of his offensive value coming via a career-high 13.4% walk rate and a whopping 15 hit-by-pitches, both of which inflated his on-base percentage to career-best levels. On a rate basis, Cronenworth’s power was at the lowest point of his career, however (.131 ISO). Statcast pegged his “expected” batting average at .227 and his “expected” slugging percentage at just .348.
Cronenworth’s versatility is a point in his favor, but he’s primarily played second base and first base — two positions that typically aren’t compensated especially well on the modern MLB market (with the exception of the game’s truly elite bats at either position). It’s feasible that Cronenworth could command something similar to his $12MM annual value if he were a free agent right now, but it certainly wouldn’t come over a five-year term. He’d be limited to a much shorter contract on the open market, and teams will price that into any trade offers. In all likelihood, San Diego would need to pay down a fair bit of Cronenworth’s contract or take back another unwelcome contract.
Broadly speaking, the circumstances surrounding both players serve as a portent for the type of moves the Padres will have to explore this offseason. Preller is always one of the most frenetic baseball operations leaders in the game, and his need to address multiple roster holes — two starters, at least one bat, perhaps some help at catcher — with minimal payroll flexibility amid a changing ownership landscape suggest that we’re in for another slate of creative, difficult-to-predict transactions for the Padres in the weeks ahead.
