Source: Padres, All-Star agree to deal

Manny Machado to get $300M over 10 years

Associated Press

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.

More records may be broken soon. Free agent outfielder Bryce Harper could top Stanton’s deal in coming days.

That won’t matter a bit to Padres fans, who have never celebrated a World Series title and were keeping their fingers crossed in recent days as it became apparent that their team, with a mostly sad-sack history stretching back a half-century, actually had a chance at landing Machado, who is only 26.

Some fans seemed braced for yet another disappointment. But news of the deal was greeted with euphoria on social media.

Speaking at spring training in Peoria, Ariz., Padres executive chairman Ron Fowler declined to confirm the deal, saying: “We do not have a deal with any free agent player. We are continuing discussions, and that’s all we have to say.”

Teams draw a distinction between an agreement subject to a physical and a finalized deal.

While Fowler looked serious, general partner Peter Seidler couldn’t help but smile while waiting for his turn to speak.

Without confirming the deal, Seidler — a nephew of former Los Angeles Dodgers owner Peter O’Malley — spoke of what his ownership group wants to bring to San Diego, where the Padres play in a gem of a ballpark just off the bay.

“Ron and I, we love the city of San Diego, we love sports in San Diego, but we’re also well aware of the history. There’s never been a championship from a major sports franchise in San Diego. ... We as an organization want to completely change that.”