Padres announce two-year, $15.5 million deal with Joaquin Benoit

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It was reported earlier this month that the Padres had agreed to a two-year contract with reliever Joaquin Benoit, but the deal is now official.

Benoit is guaranteed $15.5 million over the life of the contract. According to Corey Brock of MLB.com, the deal includes an $8 million vesting option for 2016 if he reaches 55 games finished in 2015.

Benoit, 36, emerged as the closer for the Tigers this past season while posting a 2.01 ERA and 73/22 K/BB ratio over 67 innings. However, he’ll help set up for Huston Street in San Diego.