Huston Street agrees to extension with Padres

The Padres, much to my chagrin, have agreed to a two-year contract extension with closer Huston Street, taking him through 2014 with an option for 2015. The deal is worth $14 million, and the option is for $7 million. This news was first reported by Corey Brock of MLB.com. The 28-year old Street, who will turn 29 next week, has been one of the better closers in baseball during his career, saving 195 games with a 2.97 ERA in 466 career innings. This season could possibly Street's best, as in just 29 2/3 innings he's struck out 39 while walking only eight with a microscopic 0.91 ERA. $7 millino is a good value for him. But at the same time, as I've relentlessly argued in the past, a closer is a luxury item that a team like the Padres shouldn't be throwing a ton of money at. Even aided by Petco Park, the Padres rotation has a 3.98 ERA and has accrued just 3.2 fWAR this year. 13 different pitchers have gotten starts, including six each for washed up veterans J...