Martinez agreed to a three-year contract with the Padres on Tuesday, Dennis Lin of The Athletic reports.
The right-hander declined his $6.5 million player option with the Padres for 2023 last week, but he quickly reached a new deal with the club. Martinez opened 2022 in the rotation but shifted to the bullpen in June and eventually served as the fill-in closer, and he finished the campaign with a 3.47 ERA over 106.1 innings. The 32-year-old should have more staying power as a starter next season since Mike Clevinger and Sean Manaea -- who combined for 50 starts in 2022 -- are now free agents.