Among last winter’s notable free agents, few remained unsigned as long as Michael Wacha. The veteran right-hander was on the market until mid-February. He eventually inked a four-year, $26MM guarantee to join the Padres, although the contract structure was rather complex. Wacha was guaranteed $7.5MM for this season between his salary and a signing bonus. (He subsequently earned an additional $500K for starting 20 games.) This winter, the Padres will have to decide whether to trigger successive $16MM options — essentially a two-year, $32MM pact. If the Friars decline, Wacha would have a $6.5MM player option for next season (with two additional $6MM player options thereafter). If neither side
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