Is Peter Seidler’s Padres spending strategy sustainable? This season could be critical
PEORIA, Ariz. — When Steve Cohen spoke with reporters Monday in Florida, it was an occasion. No baseball proprietor is drawing extra scrutiny from different groups. The Mets, underneath Cohen, have rankled opponents by amassing a luxurious tax payroll of just about $375 million. The league has created an financial reform committee that doesn’t embrace the richest individual within the sport.
Some 24 hours later in Arizona, there was one other occasion. Padres chairman Peter Seidler mentioned his personal aggressive stewardship, and his feedback spawned their very own wave of response. If Cohen has turn into the No. 1 goal of disgruntled friends, Seidler arguably ranks an in depth second.
There is no such thing as a arguing the monetary gulf between them. Cohen, with an estimated internet value of $17 billion, oversees a ballclub in a world metropolis. Seidler, like most homeowners, is believed to wield a mere fraction of such wealth, and he operates a franchise in one of many league’s smaller media markets. Even Cohen confused Monday that he wouldn’t spend like this without end, invoking a sure time period alongside the best way.
On Tuesday, the identical time period was put to Seidler as a query: Is what he and the Padres are doing sustainable?
“Individuals love that phrase. Let’s discover a completely different one,” Seidler mentioned. “Placing a fantastic and profitable workforce on the sphere in San Diego yr after yr is sustainable.”
The Padres have spent the previous a number of years making daring statements and taking large swings. Seidler has continued to again phrases with motion, committing to a better payroll than all however the two New York-based groups. And whereas Seidler has shrugged off barbs thrown by different homeowners, he has not been shy concerning the potential reward of betting on a $260 million roster.
“I don’t spend an excessive amount of time, if any, desirous about what different persons are pondering,” Seidler mentioned. “We’ve a fantastic probability to go after that trophy and to ship to San Diego its first parade, and with quite a lot of seriousness and humility. However the total theme is we’re right here to win a title. That’s what I anticipate.”
The Padres, San Diego’s lone main sports activities franchise, are reaping tangible advantages of Seidler’s willingness to double down. The workforce capped season ticket gross sales at 24,000 and opened its first-ever waitlist. Petco Park is predicted to set a franchise report for season attendance, regardless of the 2 “dwelling” video games scheduled to happen in Mexico Metropolis. Membership officers observe that, in recent times, their native income has grown extra dramatically than it has in some other market.
“Our state of affairs is exclusive,” Seidler mentioned. “We’ve a really sports-oriented and hungry fan base, and we consider if we proceed to construct that belief, they may proceed to come back.
“After we speak about threat, there’s a threat to doing nothing. And we’ve chosen to actually deal with the gamers, and what spawned out of that’s this wonderful relationship between our gamers and our followers. The gamers reply to the followers, and as we’ve seen, the followers go nuts after they get to observe our gamers carry out.”
Peter Seidler was requested why he is so comfy with the dangers he is taking investing a lot financially into the roster: pic.twitter.com/004MJLC1X2
— 97.3 The Fan (@973TheFanSD) February 21, 2023
A big take a look at of that relationship is underway. Manny Machado introduced final week that he plans to decide out of his contract — this coming after he reportedly declined a modest extension provide that may have introduced his complete compensation to $285 million over the following 11 seasons. Machado, the fan favourite and de facto membership captain, later confirmed that he had advised the Padres he didn’t want to interact in continued negotiations after spring coaching started.
“He’s indicated, ‘Hey, I need to simply go play baseball.’ He thinks we’ve an opportunity to win a World Collection; he desires to deal with that,” president of baseball operations A.J. Preller mentioned. “We’ll respect that. However our precedence is for Manny to be right here a very long time.”
Seidler was much more pointed.
“Manny is my prime precedence,” the proprietor mentioned, echoing his ideas from December after signing shortstop Xander Bogaerts to an 11-year, $280 million contract.
Throughout the entrance workplace, it doesn’t seem to be a unanimous sentiment. The truth that the Padres, thus far, haven’t come near Machado’s asking value is one indication. And the membership has at the least one different contract state of affairs to contemplate. Star outfielder Juan Soto, who declined a 15-year, $440 million extension from the Nationals, can attain free company after the 2024 season.
“It’s not limitless assets. It’s not a limiteless funds,” Preller mentioned. “So that you’ve acquired to make selections and selections. I feel the great half for us is you’re speaking about two of the very best (gamers) within the sport and, you recognize, how we hold each, hopefully.”
Like Seidler, Preller acquired a query about sustainability.
“I feel should you’re good at what you do from a scouting and growth standpoint, that all the time helps you in the long run,” he mentioned. “I’ve plenty of religion in our group on that entrance.”
Thus far, nonetheless, the Padres have largely used their finest prospects as commerce capital for extra established, and much dearer, main leaguers. The Opening Day roster conceivably could embrace simply two homegrown gamers. Staff officers hope to finally subject a youthful and, by way of wage, much less top-heavy roster. That state of affairs will be tougher to appreciate if the Padres — who now have one of many sport’s thinner farm methods — perenially go properly above the luxurious tax threshold and its escalating monetary and draft penalties. Even the richest individual within the sport has mentioned he’ll pursue a gradual paring.
“Finally, the trail is to create a sustainable farm system,” Cohen advised reporters on Monday. “That’s how we’re going to decrease our payroll in a manner that doesn’t harm our success.”
The Padres, in fact, are in a novel market and a novel state of affairs. No workforce would profit extra from a championship and the ensuing goodwill. No proprietor, apparently, has staked a larger share of their assets on the 2023 season.
“One yr quickly, the baseball gods will smile on the San Diego Padres and we can have a parade,” Seidler mentioned.
For San Diego, the important thing to sustainability goes past divine intervention. The subsequent 9 months ought to be critical.
(Picture of Peter Seidler: Denis Poroy / Related Press)