Update 16:47: Here’s an update on the Padres situation with Gonzalez via Michael Silverman of the Boston Herald.

“The team’s position with regard to Adrian has not changed at all,” said Hoyer in an e-mail to the Herald. “We are excited to have him under contract for the next two seasons. He is a great player who fits our city, team and payroll remarkably well. We have had, and will continue to have, dialogue with Adrian’s representatives about keeping him in San Diego long term. It is still early in that process and attempting to draw conclusions in the middle of any negotiation is an inexact science.”

The concern is that Gonzalez may fetch a deal similar to Mark Teixeira’s eight-year, $180 million deal with the Yankees. This is a price that will probably out of the Padres’ budget.

03:41 am: The San Diego Union-Tribune reports that Padres’ CEO Jeff Moorad did not sound optimistic about getting a contract extension with left-handed slugger Adrian Gonzalez. “While I’d be thrilled to have him as part of the organization for the long term, the early signals indicate his cost will be greater than our ability to pay,” Moorad said.

Gonzalez, 27, was rumored to be associated in a trade with the Boston Red Sox in December, but the deal never went through. It was believed the Padres were asking for too much at the time.

If the Padres have Gonzalez until the end of the 2011 season. If they can trade him this year, they can fetch a good bounty considering the new team will have him for two play off runs.

Gonzalez hit .277 with 40 home runs and 99 RBIs in 2009 with the Padres. You can see Gonzalez’s statistics and contract history here.