The Padres announced the deal Tuesday on their official Twitter account:
#Padres sign OF Will Venable to a two-year contract extension through the 2015 season.
— San Diego Padres (@Padres) September 3, 2013
Venable, son of former big leaguer Max Venable, will make $4.25 million in each of the next two seasons.
After serving primarily as a platoon player for the first five years of his career, Venable has enjoyed a breakthrough 2013 season, batting .273 with team highs of 20 home runs, 49 RBIs and 55 runs scored. He leads NL outfielders with a .510 slugging percentage and is second in the majors to the Angels' Mike Trout (.588).
The left-handed Venable was San Diego's seventh-round pick in the 2005 draft and made his debut Aug. 29, 2008.
A Princeton graduate, the 30-year-old Venable has played his entire six-year career with the Padres, batting .257 with 65 homers in 652 games. He recorded at least 24 stolen bases in three straight seasons from 2010-2012. He is one of five players this season with at least 20 home runs and 15 stolen bases.
Information from The Associated Press was used in this report.