Fried, who was the No. 7 overall, selection, agreed to a deal worth $3 million, the assigned value for that Draft pick.
To date, the Padres have now signed 31 of the 44 players they selected in the First-Year Player Draft. Teams have until July 13 to sign their picks.
Fried, who pitched for Harvard-Westlake High School in Studio City, Calif., will now report to the team's Spring Training facility in Peoria, Ariz. His innings will be limited, though.
"It's loose, athletic, 6-foot-4, a downhill delivery and good arm action," said Padres assistant general manager of player personnel Chad MacDonald of Fried. "It's the way it's supposed to look. We were tickled to death to get our lefty at seven."
Fried has a fastball that sits in the 90-91 mph range, though he can reach higher at times. He also has a very good curve, which is regarded by many as a plus pitch.
Other players who agreed to terms on Friday were catcher Dane Phillies (second-round), shortstop Jalen Goree (sixth-round), pitcher Ramon Madrid (seventh-round), infielder River Stevens (ninth-round), pitcher Drew Harrelson (12th-round), outfielder Ronnie Richardson (16th round) and pitcher Christopher Nunn (24th round).
Previously, the Padres announced that they signed 23 players from their draft class, including their third-round pick (infielder Fernando Perez) and fifth-round pick (outfielder Mallex Smith).
"Our area scouts deserve the credit," MacDonald said Friday. "They knew the players we drafted inside and out. The hard work our scouts put in to getting to know the player on and off the field help lead to quick signings."