Padres News: Manny Machado rejects extension, Michael Wacha contract details

Oct 22, 2022; Philadelphia, Pennsylvania, USA; San Diego Padres third baseman Manny Machado (13)
Oct 22, 2022; Philadelphia, Pennsylvania, USA; San Diego Padres third baseman Manny Machado (13) / Kyle Ross-USA TODAY Sports

San Diego Padres superstar Manny Machado wants his money, and it's hard to blame him for that after he finished second in NL MVP voting in 2022.

Machado confirmed to reporters he intends to exercise the opt out clause in his contract after the 2023 season. While not surprising news -- Machado's performance in a Padres uniform is deserving of a pay raise -- it was still jarring to hear it from the player himself.

Machado's revelation came after his self-imposed Feb. 16 deadline for the Padres to offer him an extension. That's exactly what they did, though it wasn't quite enough to convince Machado to committ to San Diego long-term.

Per Kevin Acee of the San Diego Union-Tribune, the Padres offered an additional five years and $105 million to the end of Machado's current deal. This would've brought his total earnings to $255 million over the next decade, with a total commitment of $405 million over 15 years.

Clearly in search of a new-and-improved contract, Machado declined the offer, and is still set to opt out of his deal after 2023.

More Padres News:

  • At 30 years old, Machado is young (and plenty good) enough to earn a deal worth more than what's remaining on his current deal. After all, the Padres just signed Xander Bogaerts to an 11-year, $280 million pact.
  • With a higher fWAR than Bogaerts over the last two seasons, and having already starred for San Diego for multiple years, it's really no surprise Machado rejected the club's reported offer. This doesn't rule out an extension before Opening Day, but it does open the door for speculation about Machado's future.
  • Michael Wacha's contract details with San Diego have been unearthed, and they are a mouthful. The deal includes stipulations that allow the veteran righty to make $26 million guaranteed. In 2023, he'll pocket $7.5 million. From there, the Padres can exercise a two-year, $32 million option. Should they decline, Wacha has a three-year, $18.5 million player option he can exercise.

MLB News:

  • Newly-minted Mariners outfielder Teoscar Hernandez lost his salary arbitration case Saturday. The former longtime Blue Jay will make $14 million instead of his desired $16 million. Though a loss on paper, Hernandez's salary is the highest for a player in a case that went to a decision. Hernandez was one of five players who lost their arbitration case, including Angels third baseman Gio Urshela.

Next. Rob Manfred questioning Padres spending is horrible look. dark