ESPN.com · Feb 26, 2023
Sources: Padres, Manny Machado finalizing $350M extension
Star third baseman Manny Machado and the San Diego Padres are finalizing an 11-year, $350 million contract extension, sources familiar with the deal tell ESPN. Machado helped turn around the franchise. He'll stay as the ascendant Padres seek their first championship.
Machado said earlier this week he intended to opt out of the final five years and $150 million of his current contract with the Padres following the season after preliminary negotiations on an extension broke down. While Machado had set a Feb. 16 deadline to reach a new deal, conversations continued.