Manny Machado, Padres finalize $350M, 11-year contract
Feb 27, 2023, 7:45 PM | Updated: Feb 28, 2023, 10:40 am
FILE - San Diego Padres' Manny Machado follows through on an RBI-double during the third inning in Game 2 of a baseball NL Division Series against the Los Angeles Dodgers, Oct. 12, 2022, in Los Angeles. Machado has agreed to a new $350 million, 11-year contract that will keep him with the San Diego Padres through 2033, according to a person with knowledge of the deal, on Sunday, Feb. 26, 2023. (AP Photo/Ashley Landis, File)
(AP Photo/Ashley Landis, File)
PEORIA, Ariz. (AP) — All-Star slugger Manny Machado and the San Diego Padres finalized a $350 million, 11-year contract on Tuesday, the fourth-largest in baseball history.
Machado gets a $45 million signing bonus, of which $10 million is payable this Dec. 1 and $5 million on each Dec. 1 from 2027 through 2033.
He receives salaries of $13 million in each of the next three seasons, $21 million in 2026 and $35 million annually from 2027-33.
Machado gets a full no-trade provision, a hotel suite on road trips and the right 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.
The deal will keep Machado with the Padres through 2033 and is the latest contract handed out by big-spending owner Peter Seidler.
Machado, who has helped turn the Padres into a World Series contender, finished second in the NL MVP race last year. He’ll anchor a star-laden lineup that includes Xander Bogaerts, Juan Soto and Fernando Tatis Jr., who can return on April 20 from an 80-game suspension for performance-enhancing drugs.
Machado batted .298 with 32 home runs and 102 RBIs in 2022 and is entering his 12th big league season. He has a career .282 batting average with an .833 OPS, 283 homers and 853 RBIs.
He helped lead the Padres on a stirring run to the NL Championship Series last year, where they lost in five games to Philadelphia.
His deal’s total trails contracts for Mike Trout ($426.5 million for 12 years), Mookie Betts ($365 million for 12 years) and Aaron Judge ($360 million for nine years). However, Machado’s $31.8 million average ranks just 16th.
Machado, 30, had said that after this season he planned to opt out of the $300 million, 10-year free agent deal he signed in 2019. With the $120 million he already has received, the new deal increases the free-spending Padres’ commitment to Machado to $470 million over 15 years.
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