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.

Dodgers acquire Manny Machado from Orioles for five minor leaguers

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The Orioles and Dodgers finally completed the trade involving Manny Machado, ESPN’s Jerry Crasnick reports. The Orioles will receive five prospects from the Dodgers: Yusniel Diaz, Dean Kremer, Zach Pop, Rylan Bannon, and Breyvic Valera.

Machado, 26, is in the final year of his contract, so this is currently a rental for the first-place Dodgers. Machado ended the first half batting .315/.387/.575 with 24 home runs, 65 RBI, 48 runs scored, and eight stolen bases in 413 plate appearances. In Los Angeles, he will handle shortstop, allowing Chris Taylor to move over to second base.

MLB Pipeline rated Diaz as the Dodgers’ No. 4 prospect and No. 84 across baseball. Kremer was No. 27 in the Dodgers’ system and Bannon was No. 28.

Diaz, 21, is considered the centerpiece of the trade. The outfielder hit .314/.428/.477 with 20 extra-base hits, 30 RBI, and 36 runs scored in 264 plate appearances at Double-A Tulsa this season.

Kremer, 22, was selected by the Dodgers in the 14th round of the 2016 draft. He spent most of his season with High-A Rancho Cucamonga before earning a promotion to Tulsa earlier this month. Overall, in 17 starts, the right-hander posted a 3.03 ERA with a 125/29 K/BB ratio in 86 innings.

Pop, 21, was selected by the Dodgers in the seventh round of the 2017 draft. He has spent his season between Rancho Cucamonga and Single-A Great Lakes. Overall, he compiled a 1.04 ERA with 47 strikeouts and 13 walks in 43 1/3 innings of relief.

Bannon, 22, was selected by the Dodgers in the eighth round of the 2017 draft. With Rancho Cucamonga this season, the infielder batted .296/.402/.559 with 20 home runs and 61 RBI in 403 PA.

Valera, 26, has appeared in 20 games at the major league level for the Dodgers this season, batting a meager .172 with a .445 OPS in 34 PA. Valera has versatility, having played second base, third base, and corner outfield this year while also having experience in center field, shortstop, and first base.