Michael King re-upped with the Padres on what is theoretically a three-year, $75 million contract. However, it has opt-outs built in after each of the first and second seasons with escalating salaries if he were to remain with the club.

One of the offseason's top free-agent starters is heading back to San Diego. Right-hander Michael King and the Padres have agreed to a three-year contract worth $75 million, reports MLB.com. King can opt out after 2026 and 2027. The team has not yet announced the signing. Here's the salary breakdown:

King scarcely pitched after May due to a shoulder issue that he and the team ascribed to an awkward night’s sleep in an Atlanta hotel. The 30-year-old right-hander returned in August, then sat another month with a knee ailment caused by his comeback from the shoulder setback.

The New York Yankees have not made any major moves in free agency yet, but could soon make a splash in the pitching market.

The latest MLB news states that the D’backs are in on Bregman. The Angels have signed Jordan Romano, and the Mets are linked to Michael King.

Right-hander Tatsuya Imai profiles as one of the top starting pitchers on the market this offseason and, with a Jan. 2 signing deadline as part of the posting rules, he's expected to pick his MLB employer soon.

Michael King, born in Rhode Island, is a 30-year-old right-handed pitcher who has made his mark in MLB with his impressive performance on the mound. Known for his ability to dominate hitters, King has been a mainstay in the rotations of the teams he's played for, particularly standing out during his time with the San Diego Padres.