Padres Sign Nick Hundley, Make Him Attractive Trade Bait
This afternoon, the Padres announced that they had agreed to a three year contract with catcher Nick Hundley. If you’re wondering why they would lock up their starting catcher now when they just traded for top prospect Yasmani Grandal over the winter, wait until you see the terms of the deal.
The deal is essentially a two year extension, since it leaves his already negotiated $2 million salary for 2012 in place. It simply adds a guaranteed $3 million salary for 2013, a $4 million salary for 2014, and a $5 million team option (with no buyout attached) for 2015, which would have been Hundley’s first year of free agent eligibility. So, in essence, Hundley converted his final two years of arbitration eligibility into guaranteed money, but did so at the price of taking minimal raises and pushing his first bite at free agency back a year.
This deal makes all the sense in the world for San Diego, but I’m not sure why Hundley agreed to this contract, to be honest. Over the last three years, Hundley has been a well above average player even while splitting time behind the plate – he’s hit .259/.323/.435 in 904 plate appearances, which is even more impressive when you consider that he’s been playing half his games in San Diego. From 2009 to 2011, his wRC+ is 109, putting him pretty much square in line with Miguel Montero. In fact, Montero is the best comp around for Hundley.