If confirmed, the franchise’s 10-year agreement with the 26-year-old would be the most expensive contract ever signed by a free agent in American sports history, with Machado having gone unsigned since the end of last season. It would surpass the decade-long $275 million contract that Alex Rodriguez signed in December 2007.
The deal, which is said to be dependent on the outcome of a medical, would also place as the third highest in sporting history for any individual sports contract, behind fellow baseball player Giancarlo Stanton’s $325 million deal with the Miami Marlins in 2014 and boxer Canelo Alvarez’s $365 million arrangement with sports broadcaster DAZN.
Machado, who played a key role in the Dodgers’ run to the 2018 World Series after joining the team in July, had previously represented the Baltimore Orioles for six years.
As a four-time All-Star and twice winner of the league’s Golden Glove award, Machado has pedigree. He has hit 175 home runs during his MLB career to date, 37 of which came in 66 games during the half-season he spent with the Dodgers.
The Padres’ financial commitment to Machado, however, is a major show of faith from a franchise whose previous record contract — the signing of Eric Hosmer on an eight-year deal worth $144 million — only came in February 2018.
Added to this is the franchise’s recent record; only five sides across both the American League and National League lost more matches than the Petco Park team in 2018. Indeed, the Padres have only reached the playoffs twice in the past 20 seasons.