Padres Planning Extension Offers For Quentin, Street

The Padres are planning to offer multiyear contract extensions to Carlos Quentin and Huston Street and will likely make such proposals before the trade deadline, reports Jon Heyman of CBS Sports.  Sources say that current owner John Moores and incoming owner Ron Fowler have both "given the go-ahead" to GM Josh Byrnes to try and keep the two players, who have both been frequently mentioned as trade candidates.

The sale of the team is "close" to being approved by Major League Baseball, which is perhaps why the Padres are comfortable in committing millions to the duo.  Quentin can be a free agent this winter, while Street is in the last guaranteed season of a three-year, $22.5MM extension he signed with the Rockies before the 2010 season.  Street's deal carries a $9MM mutual option for 2013 that will pay him a $500K buyout if the Padres decline.

It would be somewhat of a surprise if the Padres lock up either man since, as Heyman notes, the Padres have traditionally had problems in keeping their stars on long-term contracts and it's "a major step" that the club seems willing to commit to Quentin and Street.  Both players have expressed an interest in remaining with the team and Quentin is a San Diego native, though it's a risky move for a small-market team to spend big on a closer (especially given the Padres' deep bullpen) and an outfielder with Quentin's injury history.  The team could, of course, still explore trades if they are unable to come to agreements with Quentin or Street before July 31.  

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