Trevor Hoffman will remain with the Padres for at least one more season after agreeing to a discounted new contract.
The Padres had a $10-million option on the All-Star closer for next season but had no intention of picking it up after he missed the first five months of last season while recovering from two offseason shoulder operations.
Instead they bought him out for $2-million and agreed to a new deal with a $2.5-million salary next year and a chance to make another $500,000 in incentives.
"I'm not going to say this was easy. It was complicated because of his injury," general manager Kevin Towers said. "But it was pretty clear that Trevor wanted to wear only one uniform, the Padres uniform, and we wanted him to stay in a Padres uniform."
The deal also has an option for 2005 that Hoffman can guarantee by reaching certain performance levels.
The right-hander, 36, has 352 career saves, all but two with the Padres.