Floyd would go from playing in the World Series with Tampa Bay to a team that lost 99 games and finished last in the NL West. Tampa Bay declined a $3 million option on Floyd, instead opting for a $250,000 buyout.
Floyd hit .268 with 11 homers and 39 RBIs in 72 starts as designated hitter. The 36-year-old slugger was on the postseason roster until a right shoulder injury sidelined him for the final two games of the World Series loss to Philadelphia.
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His talks with the Padres were reported earlier by foxsports.com.