Padres Extend Closer Huston Street

The Padres signed All-Star closer Huston Street to a two-year deal on Sunday, and effectively removing one of the best relievers off of the trade market. The deal will pay street $14 million over the ’13 and ’14 seasons, and includes a $7 million option for the 2015 season. There are no incentives or bonuses, and the deal does not include a no-trade clause.

Street has had a dominant 2012 campaign for San Diego, even making his first All-Star team this season. For the year Street is 17-for-17 in save opportunities, to go with a ridiculous 0.91 ERA. He has 39 strikeouts in 29.2 innings, and he is having the finest season of his career. Many in the media expected Street to be dealt at the deadline, but instead Street will stay put for the time being.

The Padres recently extended slugger Carlos Quentin, and it is an encouraging sign to see the Padres lock-up their veteran talent. The Street deal seems to be below market-value, and is a solid signing for the Padres.