by PEORIA, Ariz. — Having signed All-Star slugger Manny Machado for more than another decade, San Diego Padres president Peter Seidler was clear on his goal.
“We’re here to win a championship and we came pretty close last year. We think we have every chance this year.” said Seidler. “People who aren’t conflicted say, hey, the Padres got a shot… A year soon, the baseball gods will shine on the San Diego Padres and we’ll be on a parade.”
San Diego, which has never won a World Series title, finalized an 11-year, $350 million contract with Machado on Tuesday, the fourth-largest deal in baseball history.
Machado receives a $45 million signing bonus, of which $10 million is paid this December 1st and $5 million each December 1st from 2027 to 2033.
He receives salaries of $13 million in each of the next three seasons, $21 million in 2026 and $35 million annually from 2027 through 2033.
Machado receives a full non-trade provision, a hotel suite on road trips and the option to purchase a luxury suite and four premium tickets to all home games. He agreed to make a charitable contribution of 1% of his salary each season.
Machado, who helped turn the Padres into a World Series contender, finished second in the NL MVP race last year as the Padres reached the NL Championship Series before losing to Philadelphia. He figures to anchor a star-studded lineup that includes Xander Bogaerts, Juan Soto and Fernando Tatis Jr., who is on track to return April 20 from an 80-game suspension for testing positive for a performance-enhancing drug.
“For San Diego fans, I think we’re going to be here for a long time,” Machado said. “My family and I are going to do a lot of great things for this organization. We’re going to go above and beyond and hopefully bring a championship to the city that has been craving and wanting it.”
Machado and Bogaerts are under contract through 2033 and Tatis through 2034.
Machado batted .298 with 32 home runs and 102 RBI last year and is entering his 12th big league season. The six-time All-Star has a career average of .282 with an .833 OPS, 283 homers and 853 RBI.
His deal’s contract totals trail Mike Trout ($426.5 million over 12 years), Mookie Betts ($365 million over 12 years) and Aaron Judge ($360 million over nine years). However, Machado’s $31.8 million average ranks just 14th among active players.
Machado, 30, had said after this season he planned to opt out of the 10-year, $300 million contract he signed as a free agent in 2019. With the $120 million he’s already received, the new contract increases the Padres’ commitment to Machado to $470 million over 15 years.
