The San Diego Padres allegedly extended its contract with third baseman Manny Machado for another 11 years, worth $350 million, reports MLB.
The deal begins this year, locking Machado down with the Padres through the 2033 season when he will turn 41 years old. Machado had initially signed a 10-year, $300 million deal with the Padres prior to the 2019 season, but there was an opt-out on his deal after this coming season.
This past offseason, he informed the Padres his plan to opt out unless the two sides could agree on an extension. Machado is coming off arguably the best season of his career, ESPN reports, hitting .298/.366/.531 with 32 home runs and 102 RBIs.
He finished second in National League MVP voting and led the Padres to the National League Championship Series
According to Baseball Prospectus, San Diego currently carries the third-highest competitive balance tax payroll in Major League Baseball at more than $266 million.
Xander Bogaerts also inked an 11-year deal at age 30 this offseason, and FernandoTatis Jr, whose contract runs through 2034, will be with the Padres for a while. In the past 12 months, the Padres have also extended deals with starting pitchers Joe Musgrove and Yu Darvish,
They also brought in Juan Soto and Josh Hader.