Gambling on Venable

The San Diego Padres announced that they have signed outfielder Wil Venable to a two-year contract extension worth $8.5 million. The deal makes financial sense, since Venable was headed to arbitration anyway, and there was a great likelihood that the end result of that process would have resulted in a contract not too far off the mark from what the two sides agreed to now without any rancor developing.