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.