The San Diego Padres are optimistic that renewed talks with Eric Hosmer will result in them signing the free agent to a contract.

The Padres are willing to give up the financial flexibility to court anyone next offseason in order to land the first baseman.

The San Diego Union-Tribune has reported that there is a gap between what the Padres have offered and agent Scott Boras is seeking for his client. However, a report indicates that "there is a belief the sides are close."

Hosmer is reportedly seeking a seven-year deal worth $20 million annually.