"The Padres have acquired right-handed closer Huston Street from the Colorado Rockies for cash considerations and a minor league player to be named later.

Essentially, the Padres would be picking up most of Street's contract for 2012 -- $7.5 million in addition to a $500,000 buyout against a $9-10 million option for 2013.

The Rockies will also send an undisclosed amount of cash to the Padres as an offset against Street's salary."