Michael King and the Padres have settled to avoid arbitration, per source. King will be guaranteed $7.75 million ($3M signing bonus, $1M salary, $3.75M buyout on a $15M mutual option for 2026). The buyout can become $4M based on number of games started. @sdutKevinAcee was on it.

A.J. Preller is finding traction amid a low-transaction offseason that seems to have been complicated by a budget crunch. Start with Friday’s breakthrough: the arbitration-avoiding, one-year contract reached between Preller and Padres co-ace Michael King.