After a couple of weeks of rumors, the Padres have reportedly come to terms with the Dodgers on a deal that will bring Matt Kemp to San Diego.

San Diego Union-Tribune reporting agreement on Kemp to #Padres – Kemp and Federowicz plus about $30M for Grandal, Wieland and third player.

— Ken Rosenthal (@Ken_Rosenthal) December 11, 2014

Matt Kemp is due $107 million over the next five years, so if the Dodgers are kicking in $30 million, the Padres are essentially picking up Kemp at 5/$77M. The crowd estimated that the Dodgers would have to pick up $47 million in order to move Kemp, so the Dodgers have not only saved more money than expected, but also acquired several pieces of real talent in return.

The quick facts, then I’ll get started on a longer post analyzing the deal.

Kemp is 30 years old, so the Padres are picking up his age-30 to age-34 seasons. He has a career 128 wRC+, but a strong performance last year pushed that mark to 140, the 15th best total in MLB last year. Unfortunately, he also plays defense, and not particularly well, as Mike Petriello covered earlier this week. Kemp’s value as a corner outfielder will depend on whether he can be at least reasonable with the glove; if he can, the offensive production makes him an above average player. If he’s as bad defensively as the metrics have suggested, then Kemp is essentially an average player overall.

For the right to pay an aging, average — or maybe a bit better than average — big leaguer $77 million over the next five years, the Padres gave up Yasmani Grandal, Joe Wieland, and a third player.

Grandal is 26 and a switch-hitting catcher with a career 119 wRC+ in 777 plate appearances, though he’s been closer to above average than excellent at the plate the last two years. He controls the strike zone and has decent power, so he’s managed to be an above average hitter the last two years even as he’s run fairly low BABIPs. The big jump in his strikeout rate last year is a bit of a concern, as his contact rate fell to 75%, but at a .175 ISO, the power was strong enough to offset the rise in strikeouts.

Grandal also rates exceptionally well by catcher framing metrics, so while he’s not very good at controlling the running game, he may be a better defensive catcher than his reputation. Grandal is under team control for four more years, and will be eligible for arbitration next winter.

Joe Wieland is an interesting arm who hasn’t been able to stay healthy. He had Tommy John surgery in 2012, and then had surgery for a stress reaction in his elbow after a setback in his rehab. He’s missed most of the last two years, during which he’s been accruing Major League service time while on the DL, so he’s now a Super-Two arbitration player and will be eligible for free agency in four years.

The third player is unknown, but should probably be assumed to be a lesser piece.

2015 Steamer Projections

Matt Kemp: 555 PA, 128 wRC+, +2.1 WAR
Yasmani Grandal: 393 PA, 111 wRC+, +1.5 WAR
Joe Wieland: ? IP, 3.96 ERA, 0.0 WAR

I’ll have a full write-up on this soon, but suffice it to say that I love this trade for the Dodgers and don’t really get it at all for the Padres. They get a big right-handed slugger, but I’m not sure they got any better, and they spent $75 million for the right to be differently bad.