10:11pm: Johnson’s deal is “closer to $1MM” in base salary, a source tells Dennis Lin of the San Diego Union-Tribune (Twitter link). The incentives could make the contract worth somewhere in the $7MM-$8MM range.
5:44pm: The base value of Johnson’s deal is worth slightly under $2MM, but with incentives that could raise the total value to $8MM, CBS Sports’ Jon Heyman tweets.
5:00pm: The Padres and Josh Johnson are on the verge of completing a one-year deal, tweets Jeff Passan of Yahoo Sports. The contract contains significant incentives for games started, but details are still being worked out, Passan adds.
Johnson signed a one-year, $8MM contract with the Padres last offseason that contained a conditional $4MM club option which would trigger if he failed to make seven starts for the Friars. While that did happen, the nature of his injury — Tommy John surgery — caused San Diego to decline the option anyway. Nonetheless, the Sosnick/Cobbe client has been widely expected to return to the Padres.
Johnson would mark the second high-risk, high-upside arm that GM A.J. Preller has landed this offseason, as the team recently agreed to terms with Brandon Morrow on an incentive-laden one-year deal with a $2.5MM guarantee. Johnson likely wouldn’t be ready until midseason anyhow, but he and Morrow could pair with some combination of Andrew Cashner, Tyson Ross, Ian Kennedy, Jesse Hahn Robbie Erlin and Odrisamer Despaigne, among others, in a deep rotation mix for the Padres.