7:12pm: San Diego is including $1.5MM in cash, reports Dennis Lin of the Athletic (on X).

6:48pm: The Padres and Braves have agreed to a trade, per announcements from both clubs. Designated hitter Matt Carpenter, left-hander Ray Kerr and cash considerations are heading to Atlanta in exchange for minor league outfielder Drew Campbell.

Carpenter, 38, had a multi-year run of success with the Cardinals but his production dipped towards the end of the previous decade, to the point where he hit just .169/.305/.275  in 2021. He made a concerted effort to revamp his swing before 2022 and it seemed to work. He hit an astounding .305/.412/.727 for the Yankees in 2022, but in just 47 games before he fouled a ball off his foot and had his season ended by a fracture.

The Padres decided to bank on that bounceback, signing him to a two-year deal going into 2023. That guaranteed $12MM and allowed him to opt out after the first season.  He couldn’t keep that magic run with the Yankees going, as his time as a Padre resulted in a line of just .176/.322/.319. As a player who saw all of his time at either designated hitter or first base, the complete lack of offensive productivity put Carpenter on the fringe of the roster.

San Diego kept him on the roster all season. Carpenter made the easy decision to exercise his $5.5MM player option. That’s not an outrageous sum but clearly beyond what San Diego wanted to devote to a player on the bubble. The Friars have spent much of the offseason cutting payroll. It’s unclear how much of the Carpenter deal for which the Padres remain responsible after accounting for the cash considerations, but they’ll offload some portion of the money in exchange for sending Kerr to Atlanta.

A 29-year-old reliever, Kerr was acquired from Seattle as part of the Adam Frazier deal over the 2021-22 offseason. The 6’3″ southpaw has pitched in 29 MLB games over the past two seasons, most of which came this year. Kerr owns a 5.06 ERA in 32 innings, but he has shown a promising arsenal. He has punched out an above-average 28.1% of batters faced at the highest level. Kerr fanned 29% of opponents while pitching to a stellar 2.25 ERA in 36 Triple-A frames last season.

Kerr has atypical velocity for a left-hander. He averaged 96 MPH on his heater and a solid 82.5 MPH on a curveball in his MLB time this year. That resulted in an excellent 14.7% swinging strike percentage. He has never consistently harnessed that power stuff, however. Kerr walked nearly 10% of opponents in the majors and over 11% of batters faced in Triple-A. Over parts of six minor league seasons, he owns an 11.6% walk percentage.

With less than one year of major league service, Kerr is at least two years away from arbitration. He still has a minor league option remaining, so the Braves can keep him at Triple-A Gwinnett for another season. Kerr slots in behind A.J. Minter, recent trade pickup Aaron Bummer, Tyler Matzek and Dylan Lee on the lefty relief depth chart.

Atlanta has shown a willingness to take on part or all of other teams’ undesirable contracts to acquire players of interest. They took on money in the Marco Gonzales and Evan White deals to bring in Jarred Kelenic from Seattle. They subsequently offloaded Gonzales to the Pirates and flipped White to the Angels as part of a deal that brought in David Fletcher and the Max Stassi contract, which they subsequently paid down to deal the catcher to the White Sox.

It’s fair to wonder if they’ll look to move Carpenter as well. For now, he projects as a left-handed bench bat. Atlanta is in the the second tier of luxury penalization and will be second-time payors next year. They’ll therefore pay a 42% tax on whatever portion of the Carpenter contract they’re assuming.

San Diego also adds the 26-year-old Campbell. He was a 23rd round pick in 2019 out of Louisville. A left-handed hitter, Campbell posted a modest .254/.307/.404 slash in 300 plate appearances as a 25-year-old in Double-A. He can play all three outfield spots but spent more time in a corner this year. After going unselected in the Rule 5 draft, he’s likely to start the season in Triple-A.

Images courtesy of USA Today Sports.