The Padres get the benefit of another lower-AAV deal. Wacha gets protection: If he's really good, he'll make $16M a year for two years. If he's not, he's guaranteed $18.5M more. And if it's in between, both sides can turn down the options and Wacha will hit free agency after '23.

— Jeff Passan (@JeffPassan) February 16, 2023