Wed 12/7/11 11:06 AM

According to Danny Knobler of CBSSports.com, the Padres will acquire Huston Street from the Rockies for a player to be named later. It appears that the deal is essentially done. The Padres are expected to pick up the remainder of Street's contract, which includes a $7.5 million salary for 2012 and either a $9 million option for 2013 or a $500,000 buyout. The 28-year-old right-hander had a 3.50 ERA over three seasons in Colorado, so he should do quite nicely in the spacious PETCO Park. He could be a nice late pickup among fantasy closers.