The Padres and free agent Brian Giles have agreed to a new contract that will guarantee the outfielder $30 million and could be worth $36 million over the next four years, the Union-Tribune has learned.

Giles, who will turn 35 before the start of the 2006 season, will make $9 million each of the next three seasons. Plus, the club holds an option for the 2009 season at another $9 million against a $3 million buyout.

Padres General Manager Kevin Towers had said he believed the New York Yankees were sincerely interested in Giles, perhaps for more than $30 million, but some major league execs had said Giles' Yankees option could vanish soon.