Padres starting pitcher Michael King is re-signing with the franchise on a new three-year, $75 million contract, according to a report from Mark Feinsand of MLB.com.

The Padres are re-signing right-hander Michael King to a three-year, $75 million deal, a source told MLB.com's Mark Feinsand. The club has not confirmed the deal, which includes player options for 2027 and 2028.

The New York Yankees didn't make an offer to bring back Michael King before the veteran starter re-signed with the San Diego Padres, the New York Post's Jon Heyman reported.

The standout pitcher has agreed to a three-year, $75 million contract with the Padres in free agency, according to MLB.com's Mark Feinsand. The deal reportedly contains a $12 million signing bonus, a 2026 salary of $5 million, a $28 million player option for 2027 (with a $5 million buyout) and a $30 million player option for 2028.

Michael King’s new deal with the Padres revealed far more than just eye-catching dollar figures. Behind the final numbers were structural risks tied to the qualifying offer, luxury tax pressure, and roster flexibility,

According to MLB insider Ken Rosenthal, the Kansas City Royals have emerged as a landing spot for Boston Red Sox trade target Jarren Duran. Even after adding outfielders Lane Thomas and Isaac Collins, it seems the Royals are not done with additions.