Simply over a 12 months after the sudden passing of Padres proprietor Peter Seidler, the group has its new management individual. Whereas Seidler’s enterprise companion Eric Kutsenda took over as interim management individual within the instant aftermath of Seidler’s loss of life, he’ll now be succeeded extra completely by John Seidler based on a report from Kevin Acee of the San Diego Union-Tribune. Kutsenda will stay a part of the group and the remainder of the crew’s senior management will stay of their present roles. Seidler’s ascent to title of management individual might want to obtain the approval from the league earlier than it turns into official.
Seidler, 65, is the brother of the Padres’ earlier proprietor and is among the many members of the Seidler household who collectively maintain what Acee notes is believed to be a forty five% stake within the crew. Earlier stories have indicated that Peter Seidler meant for his household to keep up possession of the Padres for generations to come back and that the membership meant to proceed with that plan following his loss of life. John Seidler taking the reins of the group seems to be the newest transfer towards making that plan a actuality, and Acee added {that a} supply aware of the household’s plans confirmed to him that the Seidler household intends to personal the Padres for “a very long time.”
“Since Peter’s passing, Eric Kutsenda has served as our interim management individual,” the Padres stated in a press release supplied to Acee. “Peter’s youngest brother Matt, as trustee of Peter’s belief, is happy to announce that John Seidler, Peter’s oldest sibling, an completed entrepreneur and enterprise government, would be the Padres’ subsequent management individual, pending approval by Main League Baseball.
Peter by no means considered the Padres as ‘his’ crew. As an alternative, he noticed the crew as an asset of the group of which he was a trustworthy steward. John shares Peter’s imaginative and prescient and can proceed to strengthen and nurture this nice franchise, its gamers, followers and staff, and the complete San Diego group.”
Importantly, Acee notes that the upcoming altering of the guard on the high of the Padres group isn’t anticipated to impression the membership’s plans on the sector by way of payroll. In its remaining years below Peter Seidler, the Padres group had operated hefty payrolls in hopes of rushing up the membership’s timeline for rivalry, however beginning final offseason started to decrease payroll to one thing nearer to the center of the pack. Acee provides that the Padres imagine that their present mannequin for payroll is “extra sustainable” and that it figures to proceed going ahead with John Seidler now on the helm.
For the 2025 season, that seemingly means the membership’s payroll might want to come down as in comparison with present projections. RosterResource initiatives a $210MM payroll for the membership subsequent season as issues stand, which is $41MM larger than final 12 months’s $169MM determine. Whereas earlier reporting has indicated that the membership has room to extend the price range past its 2024 degree, that enhance is predicted to be marginal and go away the membership to ponder buying and selling dear arbitration-level gamers such as Dylan Stop and Luis Arráez.
