7) Worst contracts in the NL West: Manny Machado of the San Diego Padres
This is not me saying Manny Machado is not a good player. He's an excellent player and is easily one of the better third basemen in the game. When looking at a bad contract, you need to look at the many factors involved with the contract.
Back in 2019, Machado signed a 10-year deal worth $300 million. The deal included an opt-out after the 2023 season which Machado was planning on exercising before the two sides agreed to an extension that tacked on an extra five years and $170 million on top of the remaining six years and $180 million.
Machado will be a Padre through the 2033 season with this deal in place, and will likely wear a Padres cap into Cooperstown. That's all great. That doesn't mean it'll age well.
Machado is 31 years old and this contract will keep him in a Padres uniform through his age 42 season. You'd expect him to be a shell of the player he was last year by then ... but what if I told you he's already a much worse version of the player he was in 2022?
Machado had a terrific season in 2022, finishing as the NL MVP runner-up to Paul Goldschmidt and smacking 32 home runs with an .898 OPS. This season, Machado has slashed .256/.321/.457 with 21 home runs and 68 RBI. He's seen his OPS dip by 120 points, and he has just a 115 OPS+. Not bad, but not exactly elite either.
The Padres extended Machado expecting him to be a franchise player for a vast majority of the contract, yet he's already faltered in year one. If Machado didn't get off to the miserable start he got off to, maybe this Padres team is in a whole different spot when it comes to the postseason race.