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What the Padres’ spending reveals about the financial landscape of baseball

To say the Padres have been busy this offseason would be an understatement. They handed out an 11-year, $280 million mega-contract to Xander Bogaerts after missing out on the Aaron Judge sweepstakes, and brought in an array of depth-boosting additions, including Matt Carpenter, Nelson Cruz, Robert Suarez, Nick Martinez, and Seth Lugo. Then on Thursday, they announced a six-year, $108 million extension with Yu Darvish. Between that extension and their free agent signings, San Diego has committed upwards of a half-billion dollars in one winter.

This should come as no surprise to anyone who has been keeping tabs on Padres over the last few years.