Originally Posted by ESPN

LAKE BUENA VISTA, Fla. -- Greg Maddux and the San Diego Padres reached agreement Tuesday night on a $10 million, one-year contract.

The deal for the four-time Cy Young Award winner contains a $7 million player option for 2008, a person familiar with the negotiations said, speaking on condition of anonymity.

The option includes provisions based on innings that could raise the value to about $10 million.

Maddux, who turns 41 on April 14, is 333-203 with a 3.07 ERA in his career. The likely Hall of Famer split last season between the Chicago Cubs and Los Angeles Dodgers, going 15-14 with a 4.20 ERA.

His agent, Scott Boras, also had discussed Maddux returning to the Dodgers. The Padres and Dodgers finished with identical 88-74 records -- San Diego won the NL West and Los Angeles was the wild card.

With San Diego, Maddux joins a starting rotation headed by Jake Peavy that also includes Clay Hensley and Chris Young.

Maddux spent his first seven big league seasons with the Chicago Cubs, then pitched for Atlanta from 1993-2003 before rejoining the Cubs. Chicago traded him to the Dodgers on July 31.