Manny Machado and the San Diego Padres have reportedly agreed to terms on a contract. News of the deal comes more than three months after Machado declared for free agency. According to MLB.com, the 10-year deal is worth $300 million, breaking a record as “the biggest free-agent contract in the history of American sports.”
According to reports, the contract language has not been finalized and Machado hasn’t yet passed a physical, but “both sides seem pleased” with the structure of the deal. When finalized, the deal would drive the Padres’ payroll past $100 million for just the second time in franchise history. The deal reportedly has an opt-out provision after the fifth year.
Machado was the third overall selection in the 2010 draft and spent the first six-and-a-half seasons of his career with the Baltimore Orioles. During his time with the Orioles, Machado hit 162 home runs, batted .283, and had an on-base percentage of .335. The Los Angeles Dodgers acquired Machado for five minor leaguers in mid-July. By season’s end, he had 37 homers and 107 RBI while hitting a career-high .297.
With 168 home runs since 2013, Machado ranks 13th among all players. A recorded 203 doubles since 2013 ranks him in ninth place among all players. Machado ranks second among all third basemen with 77 defensive runs saved. He is also a two-time Gold Glove winner and a four-time All-Star.
The Padres were a surprise entrant into the extensive bidding war for Machado. Reports emerged that he had visited the Chicago White Sox, New York Yankees and Philadelphia Phillies the week before Christmas. The White Sox reportedly offered Machado a $250 million eight-year deal that could have been worth more than $300 million with incentives and vesting options.
It is not surprising that Machado did not stay with the Dodgers. The Dodgers payroll was already the third-highest among all clubs last season at $199.6 million.