san diego padres Star third baseman Manny Machado revealed Friday that he intends to opt out of his contract after the 2023 season ends.
Despite signing a 10-year deal worth $300 million with the Padres before the 2019 season, the 30-year-old said he has looked at other big money contracts that have been offered across the country. mlb,
“There’s a lot of money out there,” Machado told reporters. “About being out there as a player, it’s great to see that.”
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Manny Machado of the San Diego Padres looks on before game five of the National League Championship Series against the Philadelphia Phillies at Citizens Bank Park on October 23, 2022 in Philadelphia. (Tim Wachukwu/Getty Images)
The terms of the deal give Machado the ability to opt out next winter, but doing so would void the remaining five years and $150 million on the deal.
Machado is coming off an impressive 2022 campaign in which he was runner-up National League MVP Voting,
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In his first four seasons in San Diego, he hit .280/.352/.504 (136 OPS+) with 108 home runs. He also shined with the glove and continues to display strong defensive skills from his third base position.
A number of premiership players signed massive contracts in last winter’s free agency period, which makes Machado’s decision somewhat baffling.
Manny Machado of the San Diego Padres hits a two-run home run during the first inning of a game against the Cincinnati Reds at Petco Park on April 19, 2022 in San Diego. (AP Photo/Gregory Bull)
Machado’s own team went out and signed a veteran infielder to a long-term deal this offseason, Xander Bogaerts. The shortstop agreed to terms with the Padres on an 11-year, $280 million deal.
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Elsewhere, shortstop Tre Turner and slugger Aaron Judge signed longer contracts last winter. In December, Turner signed an 11-year, $300 million deal Philadelphia Phillies,
Judge, who set the record for home runs in a single season, signed a nine-year, $360 million contract to remain with the New York Yankees. Machado could be looking for a new long-term deal in the neighborhood of at least $30 million guaranteed annually.
Manny Machado of the San Diego Padres celebrates with Josh Bell after hitting a home run during the fifth inning of a game against the Colorado Rockies at Petco Park on August 3, 2022 in San Diego. (AP Photo/Gregory Bull)
The Padres are expected to discuss a long-term extension with Machado before Opening Day, reports The Athletic.
San Diego recently added another key piece to its roster by extending the contract of veteran starter Yu Darvish through 2028.
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Machado isn’t the only star player the team will have to make a decision on soon, as outfielder Juan Soto is set to hit free agency in 2024.