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Auggie

(31,258 posts)
Sun Feb 26, 2023, 04:12 PM Feb 2023

Machado, SD agree on 11-year, $350M extension (sources)

PEORIA, Ariz. -- The Padres have built a World Series contender around Manny Machado. Now, the superstar third baseman is set to stay put in San Diego for a long, long time.

Machado and the Padres have agreed to an 11-year extension worth $350 million, sources told MLB.com on Sunday. The deal begins this year, meaning Machado would be under contract through the 2033 season, when he will turn 41 years old. The team has not confirmed the deal, which includes a full no-trade clause and no opt-outs, per a source.

Machado had six years and $180 million remaining on the contract he signed with the Padres prior to the 2019 season. But he also had an opt-out clause in that deal which he could’ve exercised following the ’23 season. This past offseason, he informed the Padres of his plans to exercise that opt-out unless the two sides could agree on an extension.

SNIP

Machado, represented by agent Dan Lozano and MVP Sports Group, becomes the owner of the third-largest contract extension in MLB history, behind only the Dodgers’ Mookie Betts and the Angels’ Mike Trout.

FULL STORY: https://www.mlb.com/news/manny-machado-padres-contract-extension

That averages out to $31,818,181 a year (which included the signing bonus), or $196,408.52 per game (if plays all 162).

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Machado, SD agree on 11-year, $350M extension (sources) (Original Post) Auggie Feb 2023 OP
The tickets for Padres games will be going up, up, up ... ificandream Feb 2023 #1
Media rights for sure, whoever that will be ... Auggie Feb 2023 #3
$196,000/Game SoCalDavidS Feb 2023 #2

Auggie

(31,258 posts)
3. Media rights for sure, whoever that will be ...
Sun Feb 26, 2023, 06:49 PM
Feb 2023
Diamond Sports Group, the parent company of Bally Sports, which broadcasts the Padres games and other teams, reportedly could be heading into bankruptcy.

“If Diamond doesn’t pay under every single one of the broadcast agreements, that creates a termination right," Major League Baseball Commissioner Rob Manfred said. "And our clubs will proceed to terminate those contracts."

LINK: https://www.10news.com/news/local-news/mlb-commissioner-league-prepared-to-broadcast-padres-other-games-if-bally-sports-parent-company-unable-to-pay


Makes ya' wonder if this roster move, and previous moves, were predicated on this scenario. Padres are suddenly an even more valuable broadcast asset.

SoCalDavidS

(9,998 posts)
2. $196,000/Game
Sun Feb 26, 2023, 05:12 PM
Feb 2023

That’s what, double or triple what the average middle class person earns in a year? And that’s based on playing every game. Which he won’t.

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