Michael King Returns
Going into the offseason, it was unlikely that Dylan Cease and Michael King would return but if I had the choice of one, I would go with Michael King. Cease is a workhorse but seeing how inconsistent he is (not to mention how he’s done in the playoffs) along with King’s repertoire and the fact that I figured his contract would be cheaper, I was really hoping the Padres could find a way to bring him back.
But once Cease signed early in the offseason with Toronto for 7 years $210 million, you figured King would get a good deal especially as you heard about the Yankees, Red Sox and Orioles being interested, all teams on the east coast where King was from.
But then you heard murmurs about the Padres still being interested and the deal was quickly announced. He gets one year at $22 million, which is pretty much the $22.025 million qualifying offer, and then two additional years at his option to make it two years $45 million or three years $75 million.
Three years $75 million was what some were projecting he would get going into free agency and considering the qualifying offer draft pick compensation, his injuries in 2025 plus his limited history as a starter, this may have scared off some teams or lower their offer to a lower average annual value to less than $25 million.
I see this as a good deal for both sides. King benefits more since, if he pitches extremely well, he can go back into free agency for a big payday without the qualifying offer attached that scares some teams off and if he doesn’t, he can opt in and try again in a year or two.
But I see this as a win for the Padres since they need starting pitching for 2026, they know what King’s capable of and anyone else who could be of ace quality would have been at least the same cost if not more. I’ve always felt that long-term contracts for pitchers are extremely risky for the team with how injuries affect pitchers. Just look at Yu Darvish and Joe Musgrove and the injuries to them since they both signed their long-term extensions.
For the Padres with a bunch of large contracts, having King on a short-term contract is ideal so you have quality pitching without being tied to something large and long term. Of course it would have been better if it was team options or a straight three year deal but it seems being creative to reduce the actual cost (since the contract is structured with $12 million as a signing bonus, a $5 million salary in 2026 and a $5 million buyout if he declines the option) is something AJ is having to do to keep the Padres costs down. So this seems to be the only way to get him to accept is giving him options. Then again, it may be what the Padres prefer since they may hope guys opt out so we don’t have too many more long-term contracts on the books.
I’m bullish on King being closer to his 2024 self versus what we saw in 2025. Considering in 2025 before his first injury sleeping awkwardly, he was pitching great (10 starts with a 2.59 ERA, .195 AVG against, 1.02 WHIP, 3.26 FIP) and he says he’s fully healthy so I can see him having a great season in 2026 and being at the front of the rotation.


