Padres acquired RHP Huston Street and cash considerations from the Rockies for a player to be named player.
The deal is now official and the Rockies could cover up to $1 million of his remaining salary. Street is owed $7.5 million next season while his contract includes a $9 million option for 2013 or a $500,000 buyout. The 28-year-old right-hander will replace Heath Bell as the closer in San Diego and should do quite well with the spacious dimensions of PETCO Park. Look for him as a value pick in mixed leagues on draft day.