Rodney agreed to a one-year deal with Padres on Wednesday that includes an option year in 2017 and could be worth up to $7 million in 2016 with performance bonuses, Jesse Sanchez of MLB.com reports.

The veteran Rodney was a former closer with the Mariners before losing the job due to poor performance. As a result, the Padres decided to go with an incentivized deal that will pay dividends to both parties if he pitches well. He and Kevin Quakenbush will likely compete for the job out of spring training, and there's a shot that he could wind up closing out games again in 2016.