The San Diego Padres have reportedly agreed to a record-breaking 10-year, $300 million contract with free agent infielder Manny Machado. ESPN’s Jeff Passan was the first with the report of the signing while MLB.com’s Mark Feinsand was the first with the figures.
Additionally, per Yahoo Sports’ Tim Brown, Machado’s new contract with San Diego comes with an opt-out after the fifth year. Exactly halfway through what looks to be a historic deal for baseball.
Machado, who will turn 27 in July, slashed .297/.367/.538 with 37 home runs and a career-high 107 RBI in 162 games between the Baltimore Orioles and Los Angeles Dodgers this past season.
A client of Dan Lozano of MVP Sports Group, the Miami-area resident is set to earn an AAV of approximately $30 million per season before taxes and what not.
Although teams in a better position to compete now such as the New York Yankees and Philadelphia Phillies appeared to show some level of interest in Machado, the third baseman turned shortstop ultimately decided to remain out on the west coast and in the National League West as well.
This news comes days after Red Sox shortstop Xander Bogaerts told media that he would not mind staying with Boston for the forseeable future, as his contract is set to expire following the 2019 season. But, given the circumstances of what has reportedly gone down Tuesday, the likelihood of the two sides coming to an extension now probably shrinks. Remember, Bogaerts is represented by super agent Scott Boras.
Since the start of the 2015 season, Machado and Bogaerts have been the second and third most valuable shortstops in all of baseball according to FanGraphs, with Machado worth a total of 21.7 fWAR and Bogaerts worth 17.4 fWAR over the last four seasons.
It’s a significant difference, but one would have to expect that Bogaerts will be demanding a contract with an AAV north of $20 million now that Machado’s deal is set.
Retaining the native of Aruba will be no simple task for the Red Sox front office and that’s probably why the two sides are engaged in extension talks as we speak, possibly.
If Bogaerts is willing to take a more team-friendly deal now, great. If not, well, that’s tough to say.