Trevor Hoffman, the all-time leaders in saves and the face of the San Diego franchise, will not return to the Padres for 2009. The team has withdrawn its contract offer for 2009 to Hoffman, who is eligible for free agency this fall.
The Padres are in the midst of making a dramatic cut to their payroll, at a time when owner John Moores is going through a difficult and costly divorce. The San Diego payroll was about $74 million in 2008, and if they complete a trade of pitcher Jake Peavy, as expected, and eventually swap outfielder Brian Giles, their payroll -- now reduced by the departure of Hoffman -- will be cut by about half.
Hoffman made $7 million last season, and the Padres' initial offer to him for 2009 was for $4 million, plus some incentive bonuses. Some friends of Hoffman felt San Diego's offer was a polite way to nudge him out the door; sources familiar with the Padres' offer said it reflected, to a degree, Hoffman's diminished performance in 2008.
But on Monday night, Hoffman was informed, formally, that the team has withdrawn that offer.