The Padres made a surprising transaction today, as the team announced that they have signed outfielder Seth Smith to a two-year, $13 million contract. The move was first announced by Padres.com writer Corey Brock.
Smith's new deal will keep him in San Diego through 2016. Smith will make $6 million in 2015, and $6.75 million in 2016. The deal will contain a $7 million option for 2017, with a $250,000 buyout.
Smith, 31, is in the midst of his best offensive season, as the outfielder has posted a triple-slash line of .281/.384/.506, with nine homers and 25 RBI's. Smith was slated to hit free agency after the 2014 season.
The move is interesting to say the least, as the Padres are currently without a permanent general manager.
Smith figured to be a major trade chip for the Padres, as the veteran has seemingly conquered Petco Park. He seemed likely to fetch the Padres a prospect or two, but now the outfielder will make his home in San Diego for the next few years.
San Diego is still said to be shopping much of their veteran core, including Chase Headley, Ian Kennedy and Huston Street. From today's transaction, Smith will not be going anywhere this season.