San Diego could cut short Nick Pivetta’s $55 million, four-year contract after two seasons if he gets a specified long-term injury and the Padres also could extend the deal for a fifth season at the relatively low price of $5 million.
Pivetta’s agreement was announced on Feb. 17 by San Diego as a four-year contract, and it would be worth $55 million over that length.
Pivetta gets a $3 million signing bonus and salaries of $1 million this year and $19 million in 2026.
San Diego has a $14 million conditional team option for 2027 as part of the complicated agreement, according to contract terms obtained by The Associated Press. That option could be exercised by the Padres if at any point through 2026 he has a specified injury or surgery related to the injury and is on the injured list for more than 130 consecutive days in any season or in a one-year period.
Pivetta was on the injured list from April 6 to May 8 last year because of right elbow flexor strain.
If the Padres decline the option, the contract would end after two years and $23 million, allowing Pivetta to become a free agent again.
If the conditions for the team option are not met — meaning Pivetta did not have a long-term layoff caused by the specified injury — the pitcher would have a $14 million option for 2027. If he exercises the 2027 option, he would get a 2028 player option at $18 million.
San Diego also has a conditional $5 million option for 2029 it can exercise if Pivetta has the specified injury or surgery related to the specified injury and goes on the injured list for more than 130 consecutive days in any season or in a one-year period, all occurring from July 1, 2026, through the 2028 season.
Pivetta was 6-12 with a 4.14 ERA in 26 starts and one relief appearance last year for Boston, then turned down a $21.05 million qualifying offer from the Red Sox.
Pivetta, who turned 32 on Feb. 14, is 56-71 with a 4.76 ERA in eight major league seasons with the Philadelphia Phillies (2017-20) and Red Sox, who acquired him in an August 2020 trade.
As part of the deal, Pivetta receives a hotel suite on road trips.
Details of Jason Heyward’s $1 million, one-year contract:
2025 base salary: $1 million
Performance bonuses:
Plus: $50,000 each for 200, 250, 300, 350 and 400 plate appearances
Details of Connor Joe’s $1 million, one-year contract
2025 base salary: $1 million
Performance bonuses:
$100,000 for 150 plate appearances
$150,000 for 250 plate appearances
$200,000 each for 350 and 450 plate appearances
$300,000 each for 550 and 650 plate appearances
Details of Kyle Hart’s $1.5 million, one-year contract:
2025 base salary: $1 million
2026 club option: $5 million (or $500,000 buyout)
2026 escalator: salary increases for games started in 2025:
$250,000 for 18
$500,000 for 22
$750,000 for 26
$1 million for 30
Assignment bonus: $250,000 any time traded
Player will become free agent at end of contract
