9:59am: The Padres are very close to getting Street from the Rockies, tweets Danny Knobler of CBS Sports. The Rockies will receive a player to be named later, he adds, and the Padres will pay Street's contract.
9:52am: The Rockies and Padres' talks for Huston Street are ongoing, tweets ESPN's Buster Olney, and they've been extensive. Scott Miller of CBS Sports agrees that the teams are talking seriously about Street, and the Padres hope to close the deal today.
ESPN's Jayson Stark suggested this match yesterday, saying the Rockies are willing to eat all of Street's $8MM salary for prospects. However, Miller says the Rockies want to get rid of his salary and wouldn't pick up much. Jon Heyman of MLB Network tweets that the Padres are working hard on landing a closer.