Joaquin Benoit RP SD 21 Days

Joaquin Benoit pitched a scoreless ninth in a 3-1 game for his third save Tuesday against the Cardinals.

Benoit was perfect outside of plunking Daniel Descalso. That exhale you heard was San Diego's front office, which is reportedly shopping Benoit. With a 4.91 ERA in July and six walks over his last four appearances, shopping was making that task a little more difficult for them. Benoit is one of the best relievers on the market. He boasts a 1.88 ERA and 0.84 WHIP.

Joaquin Benoit RP SD 22 Days

Chris Cotillo of MLB Daily Dish hears from a major league source that there is "still a good chance" that the Padres deal Joaquin Benoit before Thursday's trade deadline.

The Padres have already traded Huston Street this month, but they could also move Benoit if the right offer comes along. The Tigers are likely out as a possibility after the Joakim Soria deal, but teams like the Pirates and Indians could be in the mix. Benoit is owed $8 million next season while his contract includes an $8 million vesting option or $1.5 million buyout for 2016, so the Padres have no sense of urgency to move him. Dale Thayer could take over the closer role if Benoit ends up elsewhere.

Joaquin Benoit RP SD 26 Days

Joaquin Benoit notched a four-out save Friday against the Braves.

It was his second save of the season and his first since taking over the closer role from Huston Street, who was traded to the Angels last week. Benoit owns a quality 1.93 ERA and 49/13 K/BB ratio over 42 innings this season and is capable of being a valuable fantasy closer the rest of the way. Of course, that's assuming he doesn't end up in a set-up role elsewhere in advance of the July 31 non-waiver trade deadline.

Joaquin Benoit RP SD 1 Month

Jon Heyman of CBS Sports reports that the Tigers, Indians and Pirates are among the most ardent pursuers of Padres right-handed reliever Joaquin Benoit.

The newly-minted closer for the Padres could be viewed as either a closer, or a setup man by the teams looking to acquire him, and his fantasy value is intimately tied to whichever role he lands in. After the Huston Street trade, the Padres are in a good position and don't have to deal Benoit if they aren't enamored with the potential return package.

Joaquin Benoit RP SD 2 Months

USA Today's Bob Nightengale reports that the Padres are "letting teams know" that Joaquin Benoit is available and the Tigers are among the clubs that are "quite interested."

Benoit, of course, spent the previous three seasons with the Tigers before inking a two-year, $15.5 million contract with the Padres last winter. He's still owed roughly $12.5 million of that when you include a buyout of his 2016 option, which is a sum the Tigers weren't interested in paying over the offseason. However, they've had their issues in the bullpen and might consider Benoit now. The 36-year-old boasts a 1.30 ERA, 0.72 WHIP and 39/7 K/BB ratio over 34 2/3 relief innings for the Padres this season.

Joaquin Benoit RP SD 4 Months

With Huston Street getting the day off, Joaquin Benoit pitched a perfect ninth for his first save Saturday against the Giants.

Benoit allowed two runs in his second appearance of the year, but he's given up just one hit over six scoreless innings in his other six outings. He should be one of baseball's top setup men for fantasy purposes this year.

Joaquin Benoit RP SD 5 Months

Joaquin Benoit had another outstanding Cactus League performance against the Diamondbacks on Sunday, fanning all three hitters that he faced.

The 36-year-old has now tossed four scoreless innings this spring, allowing just two hits and posting a terrific 8/0 K/BB ratio. With the oft-injured Huston Street being the only barrier between Benoit and save chances in San Diego, he makes for a nice option for those speculating for saves in the later rounds.

Joaquin Benoit RP SD 6 Months

Joaquin Benoit struck out two in his only inning of work against the Rangers on Thursday.

Benoit will be setting up for Huston Street. However, considering Street's injury history in recent years, Benoit could still find himself in a few save opportunities.

Joaquin Benoit RP SD 8 Months

Padres signed RHP Joaquin Benoit to a two-year, $15.5 million contract.

The deal also includes an $8 million vesting option for 2016 if he finishes 55 games during the 2015 season. The 36-year-old right-hander excelled as the Tigers closer during the 2013 season and should join Huston Street to form a formidable duo at the back of the Padres bullpen.

Joaquin Benoit RP SD 8 Months

Jeff Passan of Yahoo! Sports reports that the Padres and free agent reliever Joaquin Benoit have agreed on contract terms.

The deal is awaiting a physical. We'll soon find out if the terms match the two-year, $14 million offer Passan reported that San Diego offered last week (CBS' Jon Heyman reported Wednesday morning that the pact is actually worth $15 million over two years). This move evaporates just about all of Benoit's mixed league fantasy value, but he does become one of MLB's best eighth-inning pitchers (again) and a highly-intriguing reliever for NL-only owners to consider in the latter stages of their drafts. Remember that closer Huston Street is about as brittle as they come and San Diego's spacious Petco Park is a nice thematic fit. Benoit collected a 2.01 ERA and 73/22 K/BB ratio over 67 innings as Detroit's closer in 2013.