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Padres announce two-year, $15.5 million deal with Joaquin Benoit

Dec 28, 2013, 5:12 PM EDT

Joaquin Benoit AP AP

It was reported earlier this month that the Padres had agreed to a two-year contract with reliever Joaquin Benoit, but the deal is now official.

Benoit is guaranteed $15.5 million over the life of the contract. According to Corey Brock of MLB.com, the deal includes an $8 million vesting option for 2016 if he reaches 55 games finished in 2015.

Benoit, 36, emerged as the closer for the Tigers this past season while posting a 2.01 ERA and 73/22 K/BB ratio over 67 innings. However, he’ll help set up for Huston Street in San Diego.

  1. nymets4ever - Dec 28, 2013 at 6:20 PM

    lol @ how trading Luke Gregerson for Seth friggin’ Smith necessitated this humongous overpay.

  2. ptfu - Dec 28, 2013 at 10:19 PM

    Individually, none of these deals are too awful. A year of Gregerson for a year of Seth Smith is a small loss, but Smith’s not useless and the SD bullpen looks to be solid. Benoit’s deal does look like an overpay, but he’s had some good years and it’s not impossible that he could be worth his contract. To do that, he’d have to rack up ~3 WAR over the next two years, and he’ll be getting pretty old.

    But collectively–what the heck is Josh Byrnes thinking? Is he betting he can trade Street/Benoit at the trade deadline for good prospects? because neither of those guys has much excess value. And fewer GMs are getting desperate enough to overpay these days. And are left-handed (RHP-mashing) platoon outfielders that hard to find?

  3. markofapro - Dec 29, 2013 at 8:15 AM

    JB in his thoughts: “I’m getting $15 mil to play in San Diego!” His agent : “Suckers!”

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