SAN DIEGO -- A year and a half ago, Joe Musgrove came home. Now, the Padres¡¯ ace has ensured he¡¯ll be staying at home in San Diego for a long, long time.

The Padres and Musgrove on Monday reached a five-year extension that, per a source, is worth $100 million and would keep Musgrove in San Diego through 2027. Shortly after reaching that agreement, Musgrove, with his family on hand, spoke at a press conference on Monday afternoon at Petco Park.

¡°Me and my dad [were] kind of drawing this thing out back in high school, what it would look like,¡± said Musgrove, clad in a sharp green suit and white Louis Vuitton sneakers. ¡°It was: Get to the big leagues, try to win a championship. Then come to San Diego and bring the first one here and finish my career here. ¡­ I couldn¡¯t be happier.¡±

Musgrove, a childhood Padres fan born and raised in nearby El Cajon, Calif., has become something of a hometown sensation since his arrival via trade ahead of the 2021 season. He authored the franchise's first no-hitter last April and is now in the midst of perhaps the finest pitching season by a Padres starter since Jake Peavy. (Musgrove, in fact, wears No. 44 in honor of Peavy, his favorite pitcher as a kid.)

Since he first donned that No. 44 in San Diego, Musgrove has elevated his game to a different level. He posted a career-best 3.18 ERA in 32 appearances last season. And he's topped that so far this year, with a 2.65 ERA that earned him his first trip to the All-Star Game.

The Padres and Musgrove were hopeful that a deal would come to fruition before the end of that All-Star break. But the two sides, after months of negotiating, weren¡¯t quite there. Musgrove pointed to his busy schedule at All-Star Week and said he didn¡¯t want to rush the process.

¡°It has been a little bit of a long road to get to this point, but it was something that both sides were confident in,¡± Musgrove said. ¡°I really got the feel that they wanted me here, and I think everyone knew that I wanted to be here.¡±

As Musgrove alluded to, the feeling was, indeed, mutual. The Padres were always hopeful they could keep Musgrove in San Diego.

¡°The five-year deal, for us, it speaks to Joe being the leader of our pitching staff, and being a guy that Padre fans can count on at the front of our rotation for the rest of his career, hopefully,¡± Padres president of baseball operations A.J. Preller said. ¡°With the impact he¡¯s had on our organization and our staff ¡­ it¡¯s a great day.¡±

¡°Since joining the Padres, Joe has excelled as a pitcher, teammate and respected leader in the San Diego community,¡± Padres chairman Peter Seidler said in the press release announcing the extension. ¡°I have a great feeling knowing that Joe will be an important and significant part of our organization for many years to come.¡±

On top of Musgrove¡¯s impact this season -- and his impact in the San Diego community -- the signing is also a huge one for the Padres' rotation stability. They presently boast one of the deepest starting-pitching groups in baseball. But four of those starters -- Musgrove, Sean Manaea, Mike Clevinger and Nick Martinez -- were eligible to hit free agency this winter.

That's no longer the case with Musgrove, who is staying in San Diego for the long haul -- the hometown kid with dreams of bringing the city its first World Series. Not to mention, Musgrove¡¯s extension comes on the same day the Padres traded for closer Josh Hader, further augmenting their chances. And, yes, they remain active on the trade front ahead of Tuesday¡¯s 3 p.m. PT Deadline.

¡°That¡¯s the main deciding factor,¡± Musgrove said. ¡°You want to be somewhere where you have a chance to win and where what you do on the field is going to make an impact for that. They¡¯ve shown very clearly that they¡¯re willing to go out there and do what it takes to win.¡±

Musgrove was always at the center of that push this year -- and, now, will be for the next half-decade as well.