The San Diego Padres have established themselves as the biggest spenders of the MLB yet again after inking a massive contract extension with their third baseman Manny Machado, find out all the contract details below, his salary breakdown and net worth
The Padres continued their trend as the MLB’s biggest spenders as the new 2023 season gets underway.
Manny Machado contract terms breakdown, details, San Diego Padres salary, net worth 2023
Breaking: Manny Machado and the San Diego Padres are finalizing an 11-year, $350 million contract extension, sources familiar with the deal tell @JeffPassan. pic.twitter.com/Wq9aLIArAY
— ESPN (@espn) February 26, 2023
Manny Machado and the Padres have agreed to an 11-year, $350M contract extension, per @JeffPassan pic.twitter.com/PZPs3UWmnm
— Bleacher Report (@BleacherReport) February 26, 2023
The news about the deal came on February 26, reported by ESPN’s Jeff Passan, who stated that the Padres inked Manny Machado to a massive contract extension, for the next decade plus.
Machado out for more money
Machado is somewhat the face of the Padres revolution, who originally signed a 10-year, $300 million contract back in 2019. However, that wasn’t enough for the third baseman as he recently announced that he would opt out of that deal in following the season to look for another lengthy contract. As things have turned out, it looks like Machado didn’t have to wait for too long to get the money he wanted.
Manny Machado contract details
Manny Machado signed an 11-year, $350 million contract extension on February 26, to stay with the Padres. According to average estimates he will earn roughly $31.8 million per season. This time, the contract does not features any opt outs, and also includes a full no-trade clause.
It is the fourth-largest deal in MLB history so far, behind Mike Trout (12 years, $426 million), Mookie Betts (12 years, $365 million), and Aaron Judge (nine years, $360 million). The new deal will technically pay him through his age 40 season, or basically through the end of his career.
Machado, who is currently 30-years-old, initially planned to opt out of his 10-year, $300 million contract following the 2023 season. He was looking to set up for another big-money deal. His current net worth is at $50 million.
The Padres’ list of massive-money pacts
Machado’s new signing with the Padres is the latest in a string of massive-money pacts put out by the Padres. Check out the list below:
- Back in December last year, the Padres signed infielder Xander Bogaerts for an 11-year, $280 million deal
- Starter Yu Darvish inked a six-year, $108 million deal with the Padres back in February
- The Padres secured Tatis Jr. for a 14-year, $340 million contract