Machado's deal is the biggest free-agent contract in baseball history, surpassing the the 10-year, $275 million deal Alex Rodriguez signed with the New York Yankees after the 2007 season, KNSD reported.
While Ron Fowler, the Padres' executive chairman, told The San Diego Union-Tribune Tuesday morning that "we do not have a deal with any free agent," two sources who did not want to be identified confirmed the agreement to the newspaper. The deal will allow the third baseman to opt out of the agreement after five years.
Machado is a four-time All-Star and has won two Gold Glove Awards. He made $16 million last season, ESPN reported, splitting time between the Los Angeles Dodgers and the Baltimore Orioles,
Machado, 26, batted .297 in 2018 with 37 home runs and 107 RBI. In his seven-year career, Machado has a lifetime .282 average with 175 homers and 513 RBI. He has hit 30 or more home runs in each of the last four seasons.