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AP source: Machado, Padres agrees to $300M, 10-year deal
SAN DIEGO — With their city’s long-suffering fans desperate for a winner, the rebuilding San Diego Padres delivered their splashiest free agent signing ever by agreeing with All-Star infielder Manny Machado on a $300 million, 10-year deal.
A person familiar with the negotiations confirmed the deal to The Associated Press on Tuesday, speaking on condition of anonymity because the agreement was subject to a successful physical and had not been announced. Machado can opt out after five years and become a free agent again, the person said.
Machado’s agreement would be the second-largest in baseball history behind Giancarlo Stanton’s $325 million, 13-year deal signed with the Miami Marlins ahead of the 2015 season. It would be the highest deal for a free agent, topping Alex Rodriguez’s $275 million, 10-year contract with the New York Yankees from 2008-17.