Article up on MLB.com with Moores saying it's a 20yr/1B deal. With the Padres getting an expected 200m upfront.
It gets really interesting when you think what they could do with the 150-200m if it can't be spent paying off the team.
The money is there to be able to extend Maybin even after this season. For instance, say right now they could sign him to a 5 year deal that guaranteed him 25m. Waiting a year might bump the cost of a 5 year deal up to 40m, but that deal would be replacing a pre-arb season with a FA season, so that's a good 10m difference in its self. The other 5m would represent annual increases on the same years due to waiting. That's assuming Maybin has an even better year then in 2011.
Point being, it's nice to have the resources to take that route, or giving him a longer/bigger deal now then 5/25m. Rather then having to focus on the most financially feasible way to keep a player beyond their free agent date, they can have the option of accomplishing the same or even getting more years, by waiting on seeing how the player progresses and paying him accordingly, rather then having missed the opportunity by taking that route. That will be a weird point for the team to be at as it's a stark contrast to mostly how things have been.
http://mlb.mlb.com/news/article.jsp?ymd=20120215&content_id=26699266&vkey=news_mlb&c_id=mlb&tcid=tw_article_26699266Wish they could get this deal finished and go out and sign Soler!