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.

Ken Giles: ‘I’m actually enjoying the game more than I did for my entire tenure in Houston’

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Blue Jays closer Ken Giles hasn’t exactly turned things around since joining the Blue Jays on July 31, when the club sent embattled closer Roberto Osuna to the Astros. Giles posted a 4.99 ERA in 30 2/3 innings with the Astros, then put up a slightly less miserable 4.58 ERA in 17 2/3 innings with the Jays. Still, he’s much happier with the Jays than he was with the Astros, even after winning the World Series with them last year. He said to Rosie DiManno of the Toronto Star, “I’m actually enjoying the game more than I did for my entire tenure in Houston. It’s kind of weird to say that because I won a World Series with that team. But it’s like, I just felt trapped there. I didn’t feel like myself there. Overall, I felt out of place.”

Giles also said “the communication was lost” with the Astros and it was something that came easy with the Jays. He said, “When I came here, they stayed patient with me. I said hey, I want to work on this thing till I’m comfortable. All right. OK, I’m comfortable, let’s move on to this next thing. Pitching, you can’t just try to fix everything at once. For me, I had to take baby steps to get my groove back. The Jays allowed me to do that. Yeah, the team was out of contention, but it doesn’t matter. It’s still my career. I still have to prove myself. Them being so patient with me, understanding what I want to do, was very, very big.”

Giles, 28, has two more years of arbitration eligibility remaining. He has shown promise despite his overall mediocre numbers. In non-save situations this season (with both the Astros and Jays), he has a 9.12 ERA. But in save situations, his ERA is a pristine 0.38. Giles could be a closer the Jays find themselves leaning on as they attempt to get back into competitive shape. Since it sounds like Giles is quite enamored with Toronto and with the Blue Jays, a discussion about a contract extension certainly could be had.