Nick Pivetta's deal with the San Diego Padres reflects how the team has had to cut back on spending after owner Peter Seidler's death and the loss of the television deal.

Nick Pivetta's $55 million, four-year contract with the San Diego Padres includes a $5 million conditional team option for 2029 that can be exercised if the right-handed pitcher gets hurt.

Right-hander Nick Pivetta and the San Diego Padres finalized a four-year, $55 million contract, a backloaded deal that allows him to opt out after the 2026 and ’27 seasons. Pivetta gets a $3 million signing bonus and salaries of $1 million this year,

PEORIA, ARIZONA – FEBRUARY 17: Nick Pivetta #27 of the San Diego Padres works out on the field during the spring training workout at the Peoria Sports Complex on February 17, 2025 in Peoria, Arizona. (Photo by Matt Thomas/San Diego Padres/Getty Images)

Pitcher Nick Pivetta and the San Diego Padres have agreed to a four-year, $55 million contract that includes several opt-outs, ESPN reports.

The San Diego Padres, who were relatively quiet for most of the off-season, agreed to a four-year, $55 million deal with free agent pitcher Nick Pivetta.

New details have been reported on Nick Pivetta's deal with the Padres. Head to MLB Trade Rumors to get into the nittygritty.