UPDATE: Bernie Wilson of the Associated Press tweets that the contract is worth $2.705M.
The Padres have already agreed to one-year contracts with Chase Headley, Nick Hundley, Tim Stauffer, Joe Thatcher, and John Baker. They now have one remaining unsigned arbitration-eligible player: RHP Dustin Moseley.
Moseley, 30, posted a 3.30 ERA in 20 starts with the Padres last year. 2012 represents his first year of arbitration eligibliity. In 353 innings, Moseley has a career 90 ERA+ and 1.70 K/BB.
Twitter / @FollowThePadres: And then there was one. #P ...
"And then there was one. #Padres agree to a deal with LHP Clayton Richard for 2012. Down to RHP Dustin Moseley now."
Twitter / @Padres: The #Padres have agreed to ...
"The #Padres have agreed to terms w/ LHP Clayton Richard on a one-year contract for 2012"