The Padres have announced the signing of Carlos Quentin to a contract extension through the 2015 season with a mutual option for 2016.
“We are very pleased to extend Carlos’ contract,” said Executive Vice President/General Manager Josh Byrnes in a statement announcing the extension. “He provides a real threat in the middle of our lineup and brings an intensity and edge to our club. As a San Diegan, he is very invested in the success of the Padres.”
The Padres did not disclose the financial terms of the deal, but Corey Brock of MLB.com tweets Quentin will receive $9.5MM in 2013 and 2014, $8MM in 2015, and, if the 2016 option is picked up, $10MM. In a separate tweet, Brock reports Quentin is guaranteed a $3MM buyout of the option, if he plays over 320 games the next three years. Ken Rosenthal of FOX Sports.com writes the deal includes a full no-trade clause, a pivotal stipulation for Quentin.
Quentin's name has popped up quite a bit in trade rumors with the outfielder drawing interest from several clubs including the Pirates, Giants, Indians, and Reds. The outfielder has looked strong this season since returning from knee surgery, hitting .273/.389/.525 with nine homers in 40 games.
Jon Heyman of CBSSports.com, who first reported the agreement, notes that the club viewed Michael Cuddyer, Edwin Encarnacion, and Josh Willingham - who all received three-year deals - as fair comps for the 29-year-old. Of the three, Quentin's deal is most similar to Cuddyer's, whose contract is worth $31.5MM over that span.
In years past, the Padres' financial situation has hampered them from keeping some of their biggest stars, but San Diego was able to retain the outfielder thanks in large part to their new ownership. Both the current group and the incoming group signed off on the deal to keep Quentin in San Diego.
The Padres might not stop with a new deal for Quentin and are looking to lock up right-hander Huston Street next, according to Rosenthal. The club may just look to guarantee his $9MM mutual option for 2013 but the 28-year-old would likely prefer a multi-year pact.