Summary
The San Diego Padres have signed starting pitcher Michael King to a three-year contract worth $75 million. This deal includes player options for extending the contract into 2027 and 2028. King's contract helps the team manage their payroll taxes effectively.
Key Facts
- The Padres signed Michael King for $75 million over three years.
- The contract includes options for King in 2027 and 2028.
- King will receive a $12 million signing bonus and a salary that increases over the years.
- The agreement helps the Padres with luxury tax savings.
- King previously considered offers from other teams like the Yankees and Red Sox before deciding.
- King has completed a physical examination, finalizing the deal.
