Continuing their efforts to sign Huston Street to a contract extension, the San Diego Padres are expected to offer their closer a one-year deal with an option for a second year, according to Jon Heyman of CBS Sports.
#padres, trying to lock up huston street, are expected to offer deal for a year and an option. believed to want to stay.— Jon Heyman (@JonHeymanCBS) July 26, 2012
If the two sides are unable to reach a deal, the Padres and Street would each have a decision to make at season's end. Currently, there is a $9 million mutual option for 2013, meaning both sides would need to exercise the option or Street would be made a free-agent.
Another option would for the Padres could be to move the 28-year-old if they are unable to reach a contract extension prior to the July 31 non-waiver trade deadline. There is still some time to get a deal done, but not enough to elongate talks with Tuesday afternoon deadline quickly approaching.