Manny Machado and the San Diego Parents are finalizing an 11-year, $350 million contract extension, per multiple sources. It will be the fourth largest guarantee in MLB history, behind those of Aaron Judge, Mike Trout and Mookie Betts.
The Associated Press reported that Machado must pass a physical before the deal closes.
The news comes after the superstar third baseman shared that he planned to exercise the opt-out clause in his contract with the Padres after this season — and lose $150 million — after preliminary negotiations over an extension broke down broken.
Machado previously signed a 10-year, $300 million deal with San Diego in February 2019, a deal that gave him the right to opt out after this season and become a free agent. The upcoming 31-year-old’s contract was a record for a free agent when he agreed to it and the second-largest in the league behind New York Yankees DH Giancarlo Stanton325 million dollars.
He is now tied for 11th-highest after an offseason capped by a new deal for the American League MVP Judge (nine years, $360 million). Angels of Los Angeles outfielder Trout leads all major leaguers with a 12-year, $426.5 million contract.
The Padres had reportedly offered Machado a five-year, $105 million extension on top of the six years and $180 million he was owed on his 2019 deal. However, he was apparently looking for more than 25 .45 million dollars per year that Xander Bogaerts received (11 years, $280 million).
“Markets change,” Machado said earlier.
A six-time All-Star, Machado is coming off a season in which he finished second in National League MVP voting. He batted .298 with 32 homers, 102 RBIs, a .366 on-base percentage and a .531 slugging percentage.
His presence helped the Padres go 89-73 and reach the NL Championship Series before falling Philadelphia. The Padres have yet to win a World Series in their 54-year history.
In four seasons with the Padres, Machado has hit 108 home runs and driven in 340 home runs while hitting .280/.352/.504 and won a pair of Gold Gloves at third base.
Machado committed the league’s first pitch clock violation of the season in the Padres’ spring game on Friday after failing to enter the batter’s box for his first pitch in a timely fashion. All batters must be in the box with eight seconds left on the clock. Machado was not, so he was called out for a strike and started his at-bat 0-1.
The Associated Press contributed to this report.
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