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Padres sign Huston Street to two-year, $14 million extension

Jul 29, 2012, 10:37 AM EST

huston street getty Getty Images

Carlos Quentin was handed a three-year, $30 million deal last week. And now the San Diego front office has locked up another potential trade chip.

From Corey Brock of MLB.com comes word that the Padres reached agreement Sunday on a two-year, $14 million contract extension with closer Huston Street. The deal also carries a $7 million club option for 2015. There are no buyouts or added incentives.

“Huston has done a fantastic job for us, and he’s fit our clubhouse well,” said Padres GM Josh Byrnes. “He’s about to turn 29 [on August 2]. We think this is a good decision to solidify the position for us.”

Street has registered a superb 0.91 ERA, 0.64 WHIP and 39/8 K/BB ratio across 29 2/3 innings this season as the Friars’ primary ninth-inning man. He’s a perfect 17-for-17 in save opportunities.

A weak trade market for high-quality relievers is now even weaker. Tuesday should be interesting.

  1. kkolchak - Jul 29, 2012 at 2:29 PM

    This reminds me of 2007-2008 for the Nats when idiot GM Jim Bowden gave contract extensions to the likes of Dmitri Young and Cristian Guzman and refused to trade closer Chad Cordero at the deadline. As a result they ended up getting NOTHING for any of those guys at a time when they were desperately trying to rebuild. What good is an elite closer on a losing team?

    • myopinionisgarbage - Jul 29, 2012 at 3:02 PM

      I totally agree. I hope they flip Street like they did Bell. Giving a closer big money on a TERRIBLE team in the middle of rebuilding seems like pissing into the wind to me.

      • ptfu - Jul 29, 2012 at 4:22 PM

        For the record, the Padres didn’t flip Bell. They let him leave as a free agent.

        That said, Street could still be traded. 2 years/$14M is not exorbitant and it shouldn’t scare away GMs with bullpen woes. $7M/year values him at about 1.5 WAR/year, which is not unrealistic–Street’s hit that number several times in his career and is on pace to do it again this season. If he keeps pitching well then the $7M club option for 2015 could be an asset too.

        I do question the wisdom of locking down a closer at this point in the rebuilding process. I hope the Padres’ brass knows something we don’t…

      • myopinionisgarbage - Jul 30, 2012 at 12:58 AM

        Maybe they know something about his injury history that we don’t too.

  2. drewsylvania - Jul 29, 2012 at 3:52 PM

    This is pretty dumb.

  3. icanspeel - Jul 29, 2012 at 4:04 PM

    It’s a good deal really since they are only committing 2 years and 14 million. People don’t understand that the Padres are getting a new owner (Potential new owners are signing off on the recent deals too) so they hope to change things in San Diego and have them compete sooner than later. Whether they win next year or not, how can you hate the Padres for at least trying? Street has been as good as any closer this year, so why not keep him?

    • myopinionisgarbage - Jul 30, 2012 at 12:59 AM

      Because he’s ALWAYS hurt, or about to be.

  4. diablito0402 - Jul 29, 2012 at 6:18 PM

    Wow, the padres have been rebuilding for the last 25 years, are we there yet?

    • gloccamorra - Jul 29, 2012 at 9:14 PM

      Lessee, they won the division in 2005 and 2006, played a 163rd game in 2007 and lost the chance at the wild card in extra innings on a phantom tag of the plate, and won 90 games just 2 years ago. They’ve had 14 guys on the DL this year, including 7 starters, but are 15-10 in their last 25 games. Maybe Josh Byrnes sees something you don’t.

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