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MLB team payroll: Is Eric Hosmer a steal for $144M?

Eric Hosmer signs with San Diego Padres in a massive eight-year deal. Can he turn things around for the franchise?



The San Diego Padres is bent on returning to baseball relevancy after signing Eric Hosmer from Kansas City Royals in a massive eight-year deal worth $144 million. Is Hosmer the key to Padres’ title contention bid this season?

The Padres has endured losing seasons for seven straight years. However, one key takeaway from the team is that it has one of the top rated farm teams in the league. The Padres committed the largest deal ever in club history to the first baseman, making Hosmer the cornerstone of the franchise and the hope for the future.

Hosmer is 28 years old and a four-time Gold Glove winner. He has averages of 25 homers and 99 RBI in his last two years in Royals. By signing him, the Padres gets a respected veteran who can be a steady locker room presence and someone who can mentor the youngsters. By signing him in the long term, the team wants to send a message: they want to win, and they want to do it soon.

The contract is the biggest one signed this offseason. San Diego has decided to open its war chest and splurge on Hosmer. The team had one of the lowest payrolls last season with $34.5 million. However, is Hosner considered a steal with his deal? Could San Diego have opted to sign other available players this offseason?

San Diego Padres stadium.

The Padres hopes to improve standings next season with Eric Hosmer. (Source)

Let’s take a look at some free agents who have signed this offseason. For first baseman players, there is Yonder Alonso who signed with the Cleveland Indians for $16 million for two years. According to his 2017 stats, he has .266 average, 451 AB, 72 runs, 120 hits, 22 doubles, 0 triples, 28 HR and 67 RBIs. Alex Avila signed with the Arizona Diamondbacks for two years worth $8.25 million. He averaged .264 average, 311 AB, 41 runs, 82 hits, 13 doubles, 1 triple, 14 HR and 49 RBIs last season. Jay Bruce is now part of the New York Mets after signing a $39 million contract, which would last for three years. He had a good year in 2017 with averages of .254 average, 555 AB, 82 runs, 141 hits, 29 doubles, 2 triples, 36 HR and 101 RBIs.

Does this mean the Padres overpaid for Hosmer? The team has money to spend on, and the first baseman is a good player who can be a good investment in the long run. He might not get the team in the title contention talks but he could be an important piece in the future to lure other big names to San Diego. At the very least, Hosmer can make the Padres better this season although the team might still need to sign other marquee names to be really considered a title threat.

According to Hero Sports, the Padres has $60.33 million worth of payroll commitments this year. The team is ranked on the lower tier of teams that have to pay more than a hundred million in 2018. Other teams include the Arizona Diamondbacks with $118.22 million, the Boston Red Sox with $201.56 million, the Chicago Cubs with $172.78 million, the Los Angeles Angels with $171.56 million, the Los Angeles Dodgers with $177.61 million, and the San Francisco Giants with $190.273 million, among others.

Does having a huge payroll guarantee instant success? It helps, but it does not guarantee championships. Andrew McCutchen won the National League MVP in 2013 while playing for the Pittsburgh Pirates, a small market team. He believes money is not the solution to all the team’s woes. “Payroll doesn’t mean everything. If that was the case, the Yankees would win every year,” he added.

(Featured image by Keith Allison via Flickr. CC BY-SA 2.0)

Andrew Ross is a features writer whose stories are centered on emerging economies and fast-growing companies. His articles often look at trade policies and practices, geopolitics, mining and commodities, as well as the exciting world of technology. He also covers industries that have piqued the interest of the stock market, such as cryptocurrency and cannabis. He is a certified gadget enthusiast.