10:43am: It's a five-year contract worth $23-25MM with a $7-8MM option for a sixth year, reports Hayes (Twitter links). The deal buys out Maybin's final pre-arbitration season, all three seasons of arbitration-eligibility, and one free agent year with an option for second.
9:54am: The Padres and Cameron Maybin are "very close" to a contract extension, reports Dan Hayes of The North County Times. Maybin is a Brian Goldberg client. Terms are unknown, but the deal is likely to be announced later today.
Maybin, 24, enjoyed a breakout season in San Diego last summer after being acquired from the Marlins for Ryan Webb and Edward Mujica. He hit .264/.323/.393 with nine homers and 40 steals overall, but like most players he was much more productive away from Petco Park: .294/.349/.457 with seven homers. Maybin is also considered a strong defensive center fielder, ranking third at the position with a +9.5 UZR in 2011.
The two sides have been talking about a long-term extension most of the offseason. Ben Nicholson-Smith suggested that the five-year contract worth $21-22MM could work for both parties back in January. Maybin will be arbitration-eligible for the first time after this season and can not become a free agent until after 2015.
As our Extension Tracker shows, the Padres have not signed a player to an extension longer than three years since Adrian Gonzalez and Chris Young in April 2007. Jake Peavy signed a three-year, $52MM extension in December 2007 and Jason Bartlett signed a two-year, $11MM deal last January.
This post was originally published on March 3rd.