Padres extend Huston Street for 2 years, $14M

Street will remain in San Diego through at least the 2014 season. (Getty Images)

The Padres have agreed to a contract extension with closer Huston Street for two years and $14 million. The club announced the deal Sunday morning and's Jon Heyman has learned the terms. The deal also includes a $7 million club option for the 2015 season.

“Huston is an established closer and has proven to be a valuable leader and teammate,” said general manager Josh Byrnes in a statement. “We are very excited to have him be part of this organization going forward.”

Street, 28, was acquired by the Padres in a trade from the Rockies this past offseason. He has closed down all 17 of his save attempts this season with a 0.91 ERA, 0.64 WHIP and 39 strikeouts in 29 2/3 innings. The eight-year veteran also made his first All-Star team this season.

Before this extension, Street could have been a free agent at the end of the season, as his current contract -- which pays him $7.5 million this season -- had a $9 million mutual option with a $500,000 buyout for the 2013 season. Instead, he'll remain in the West, where he's spent his entire career. Street played his first four seasons for the Oakland Athletics, followed by two with Colorado and then this season with San Diego.

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CBS Sports Writer

Matt Snyder has been a baseball writer with CBS Sports since 2011. A member of the BBWAA, he's now covered the last six World Series beginning with the epic 2011 Fall Classic. The former Indiana University... Full Bio

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