UPDATE: The offer to David Wright: seven years and between $119-129 million

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UPDATE: Rosenthal has corrected that initial report. The $125-150 million figure was over the next eight years, which includes his 2013 option which pays him $16 million. The new money in the seven-year extension is between $119-129 million.

That still doesn’t match up all perfectly, but it seems like the idea is not to tear up the 2013 option and give him seven years at $18-21 million, but to add seven years on to the back of it at $17-18 million a season. Not an insignificant difference.

3:31 PM: To say that the David Wright story has changed since all work up this morning is a bit of an understatement. The latest:

Hold out for a couple more hours, David! You’ll get 40% ownership in the team!

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.