Padres Make Two Notable Pitchers Free Agents; Decline Both 2024 Options

Michael Wacha and Nick Martinez, both pitchers for the San Diego Padres, have reached a turning point in their respective careers as they enter free agency.

The Padres declined their option on Wacha's two-year, $32 million contract for the 2024-2025 seasons, after which Wacha also declined his $6.5 million player option for 2024.

Despite an impressive 2023 season where he posted a 3.22 ERA and 1.16 WHIP over 24 starts, the financial risk for the Padres appeared too high.

Padres decline their two-year, $32 million option on Michael Wacha, per @dennistlin pic.twitter.com/dAHSoWmQWa
— Talkin’ Baseball (@TalkinBaseball_) November 5, 2023

This decision comes as the team looks to manage payroll and redistribute resources within their roster.

Similarly, Martinez has parted ways with the Padres following their decision not to exercise a $32 million option for him.

Martinez, turning down an $8 million player option, opts for free agency after a solid performance, with a 3.43 ERA and a 1.26 WHIP, highlighting his versatility in both relief and starting roles.

His track record since returning from a successful stint in Japan has been commendable, maintaining a 3.45 ERA over 216.2 innings since 2022.

OPTION: #Padres and RHP Nick Martinez have each declined their simultaneous options for the 2024-25 seasons. He is now a free agent.
— MLB Transaction Tracker (@MLBMovesTracker) November 4, 2023

As both pitchers test the free-agent market, their next moves are anticipated with interest.

Wacha's consistency as a starter and Martinez's flexibility as a reliever and spot starter make them valuable assets.

With Martinez now represented by the Boras Corporation, his market approach could shift, potentially seeking a contract that capitalizes on his dual role capabilities.

The departure of these players marks a strategic shift for the Padres and a significant opportunity for Wacha and Martinez to define the next chapter of their careers. Photo Credit: Kamil Krzaczynski-USA TODAY Sports