San Diego Padres third baseman Manny Machado has signed a $350 million contract extension, becoming one of the highest-paid MLB players and taking his name out of a loaded class of free agents next winter.
Machado, who signed a 10-year, $300 million contract with San Diego as a free agent in 2019, held a player opt-out following the 2023 season. After witnessing the MLB spending spree this past winter, the six-time All-Star selection was prepared to test the open market.
However, the 30-year-old left the door open to a contract extension with San Diego. Even after the franchise signed shortstop Xander Bogaerts to a $280 million contract with plans to pursue Shohei Ohtani next winter, the Padres still found a way to extend their perennial All-Star slugger.
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- Manny Machado stats (20220: .298/.366/.531, .898 OPS, 32 home runs, 102 RBI
A two-time Gold Glove Award winner (2013, ’15) and an All-MLB First Team selection (2020, ’22), Machado was expected to be heavily coveted by teams like the New York Yankees and New York Mets next winter. Instead, he commits to a club with one of the highest 2023 World Series odds.
In addition to extending Machado, San Diego signed All-Star pitcher Yu Darvish to a $108 million contract extension on Feb. 10. During the 2022 season, the Padres also extended ace Joe Musgrove with a $100 million deal.
The $350 million contract for Machado is the fourth-largest contract in MLB history. After earning $150 million from his first deal with San Diego, Machado could now earn $500 million total over his entire career with the Padres.
According to Dennis Lin and Britt Ghiroli of The Athletic, the new extension contains no opt-outs for either side. As part of the agreement, Machado receives full no-trade protection. Based on both clauses in the agreement, he will likely finish his career in San Diego.