Padres sign Huston Street to two-year, $14 million extension

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Carlos Quentin was handed a three-year, $30 million deal last week. And now the San Diego front office has locked up another potential trade chip.

From Corey Brock of MLB.com comes word that the Padres reached agreement Sunday on a two-year, $14 million contract extension with closer Huston Street. The deal also carries a $7 million club option for 2015. There are no buyouts or added incentives.

“Huston has done a fantastic job for us, and he’s fit our clubhouse well,” said Padres GM Josh Byrnes. “He’s about to turn 29 [on August 2]. We think this is a good decision to solidify the position for us.”

Street has registered a superb 0.91 ERA, 0.64 WHIP and 39/8 K/BB ratio across 29 2/3 innings this season as the Friars’ primary ninth-inning man. He’s a perfect 17-for-17 in save opportunities.

A weak trade market for high-quality relievers is now even weaker. Tuesday should be interesting.