Padres and Cameron Maybin agree to five-year extension with club option for 2017

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UPDATE: Jerry Crasnick of ESPN.com passes along word that the deal is official. Crasnick also notes that Maybin’s desire for a no-trade clause was denied because the Padres have a club policy against giving no-trade clauses.

12:05 PM: Corey Brock of MLB.com confirms that the deal is worth $25 million. Sounds like a potential bargain for the Padres.

11:51 AM: Dan Hayes of the North County Times reports that the deal is worth $23-25 million while the club option is in the range of $7-8 million.

11:23 AM: The San Diego Union-Tribune reports that the Padres will announce the extension later today.

The new deal will lock up Maybin through 2016 and includes a club option for 2017. In other words, the Padres have bought out all three of his arbitration seasons and at least his first year of free agency.

10:59 AM: Dan Hayes of the North County Times was told by a front office source that the Padres and Cameron Maybin are “very close” to finalizing a extension and that a deal could be announced today. No word yet on the possible terms.

The two sides had off-and-on discussions about a possible deal earlier this offseason, but talks progressed after Maybin switched agents in January.

Maybin, who was acquired from the Marlins last offseason for relievers Ryan Webb and Edward Mujica, batted .264/.323/.393 with nine homers, 40 RBI, 40 stolen bases and a .716 OPS over 137 games in 2011 while playing solid defense in center field. The 24-year-old owns a .255/.318/.386 batting line over his first 1,178 plate appearances in the majors.

Maybin is set to become arbitration-eligible for the first time next winter and remains under team control through 2015.

Sandy Koufax to be honored with statue at Dodger Stadium

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Bill Shaikin of the Los Angeles Times reports that Hall of Fame pitcher Sandy Koufax will be honored with a statue at Dodger Stadium, expected to be unveiled in 2020. Dodger Stadium will be undergoing major renovations, expected to cost around $100 million, after the season. Koufax’s statue will go in a new entertainment plaza beyond center field. The current statue of Jackie Robinson will be moved into the same area.

Koufax, 83, had a relatively brief career, pitching parts of 12 seasons in the majors, but they were incredible. He was a seven-time All-Star who won the National League Cy Young Award three times (1963, ’65-66) and the NL Most Valuable Player Award once (’63). He contributed greatly to the ’63 and ’65 championship teams and authored four no-hitters, including a perfect game in ’65.

Koufax was also influential in other ways. As Shaikin notes, Koufax refused to pitch Game 1 of the 1965 World Series to observe Yom Kippur. It was an act that would attract national attention and turn Koufax into an American Jewish icon.

Ahead of the 1966 season, Koufax and Don Drysdale banded together to negotiate against the Dodgers, who were trying to pit the pitchers against each other. They sat out spring training, deciding to use their newfound free time to sign  on to the movie Warning Shot. Several weeks later, the Dodgers relented, agreeing to pay Koufax $125,000 and Drysdale $110,000, which was then a lot of money for a baseball player. It would be just a few years later that Curt Flood would challenge the reserve clause. Koufax, Drysdale, and Flood helped the MLB Players Association, founded in 1966, gain traction under the leadership of Marvin Miller.