The Padres today announced that they have agreed to terms with left-hander Cory Luebke on a contract through the 2015 season with club options for 2016 and 2017. The 27-year-old is represented by Meister Sports Management.
The deal will give Luebke a guaranteed $12MM, according to Tom Krasovic of Inside The Padres (via Twitter). If both options are exercised, Luebke could earn up to $27.75MM, tweets Corey Brock of MLB.com.
The contract can potentially cover Luebke's arbitration eligible years and his first year of free agency. The lefty appeared in 46 games for the Padres last season, posting a 3.29 ERA with 9.9 K/9 and 2.8 BB/9.