The San Diego Padres took out a $50 million loan in September to help cover short-term expenses, including player payroll, according to a report.

The club opened the 2023 season with a franchise-record $248.9 million payroll. 

San Diego's payroll was as low as $97.2 million in 2019.

Earlier this month, it was reported the Padres plan to lower payroll into the $200 million range next season.