The Padres and Wells' agent agreed in principle Friday to a $3
million, one-year deal that gives the 43-year-old left-hander the
chance to make another $4 million in incentives.
Padres general manager Kevin Towers said the two sides need to
finalize some contract language and Wells must pass a physical. He
expects the deal to be finalized by Monday or Tuesday.
Wells' agent, Gregg Clifton, said the deal was 98-percent done,
but that he needed to talk with his client one more time.
Wells' return comes a little more than a month after the Padres
signed 40-year-old Greg Maddux to a $10 million, one-year deal.
"I think it'll give us one of our better pitching staffs
probably since 1998, with a great blend of experience as well as
young starters," Towers said.
"It also gives us a left-hander, which we think was
much-needed," Towers said. "In talking to him last Thursday, I
think this guy is dedicated and focused, somebody who can put
together a good season for us."
The Padres obtained Wells from Boston for the stretch run on
Aug. 31. He went 1-2 with a 3.49 ERA in five starts for the
two-time NL West champions before losing Game 2 of the division
series against the St. Louis Cardinals.
Wells said then he was leaning toward retirement, adding that it
would take a "stupid" offer in terms of money for him to come
Besides his $3 million in base pay, Wells can earn $1 million in
active roster bonuses, meaning he must avoid time on the disabled
list, and another $3 million based on making starts 11 through 27.
When Wells pitched for the Padres in 2004, he earned $1.25
million in base pay plus $4.75 million in bonuses for making 31
Including his 2-0 loss to the Cardinals in October, Wells is
10-5 with a 3.17 ERA in 27 career postseason appearances, including
17 starts. He's been to the World Series three times, winning it
with Toronto in 1992 and the Yankees in 1998.
In a big league career dating to 1987, he is 230-148 with a 4.07
ERA with Toronto, Detroit, Cincinnati, Baltimore, the Yankees,
Chicago White Sox, Boston and San Diego.