Infotainment Factory: Machado signs record-breaking deal

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Tuesday, 19 February 2019

Machado signs record-breaking deal


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Major League Baseball star Manny Machado has signed the biggest free agent contract in US sports history according to ESPN.

Machado has reportedly agreed to a 10-year, $US300 million deal to play with the San Dieogo Padres with an opt-out after the fifth season.

The Padres were clearly inclined to break the bank to snare the former Dodgers and Orioles star, with the club spending $474 million in free agency. San Diego had spent a combined $309 million to sign free agents over the past 25 years.

Padres owners Ron Fowler and Peter Seidler didn’t confirm the deal to ESPN and said there were still finer details to be ironed out.

"Ron and I, we love the city of San Diego, we love sports in San Diego, we're also well aware of the history," Seidler said. "There's never been a championship. ... We as an organization, we want to completely change that. We want our franchise to win year after year after year. And we're going to do whatever we can rationally do to make that happen."

The newly signed Padres star’s contract surpasses  Alex Rodriguez’s 10-year, $US 275 million deal he signed in free agency with the New York Yankees in 2008.

Machado’s agreement is the second-largest total value contract in MLB history, behind Giancarlo Stanton's $325M extension he signed in the 2014-15 offseason.

When it comes to the biggest overall contracts signed in sporting history, Machado’s Padres’ deal sits third behind Stanton and Saul ‘Canelo’ Alvarez’s deal with sport streaming service the DZN, with the boxer signing a 5 year $365 million late last year.

With Machado’s contract, baseball players makes up 8 out of the top ten richest sport contracts of all time.

The Dodgers Clayton Kershaw, a former teammate of Machado who sits 11th on the list of biggest contracts ever signed, said the deal is fair despite critics bemoaning the length of the agreement.

"There's not that many guys that get to free agency at that superstar level that are 26 years old," Dodgers ace Kershaw said.

"Ten years seems fair, for sure, and getting that $30 [million per] year is great.

"Can't say I'm happy for him; I guess he's with the Padres now. But it's good to maybe get the market going a little bit, for sure. I think [the Padres] took advantage of Manny being out there for so long, got in the mix. Kudos to them."

However the reaction to the length of his deal has left some commentators in the US scratching their heads.

ESPN’s Stephen A. Smith was highly critical of the 10-year offer, saying long contracts in baseball simply didn’t hold their value over time.

“Ain’t nobody worth ten years in Major League Baseball,” Smith said on ESPN Radio.

“You want to tell me that the 8 players before him that signed maintained over that period? It’s not about the money what I have a problem is the years. How do you know somebody is going to be productive in ten years? I don’t think any of these guys should get more than six years.”

Fox Sports’ Colin Cowherd was also critical of the deal saying that Machado might put bums in seats but won’t help the Padres win more games.

“He’ll put more people in the seats, and that’s where you can validate this. It makes sense financially, although I would never sign anyone to a ten-year contract, I think it’s insane.”

Although, Joe Lemire, sports writer for SportTechie told the MLB network that it was great a small market team landed a big star like Machado and that he’ll provide value through his deal.

“Here’s someone who can help on day one, but can also help in year 5 and 6. It was tough sell to get a guy to a team who’s still rebuilding.”

Biggest contracts in sporting history according to Forbes.

No.1 - Canelo Alvarez - 5 years $ US365 million - DZN (Boxing)

No.2 - Giancarlo Stanton - 13 years - $US325 million - New York Yankees (Baseball)

No.3 - Manny Machado - 10 years - $US300 million - San Diego Padres(Baseball)

No. 4 - Alex Rodriguez - 10 years - $US275 million - New York Yankees(Baseball)

No. 5 - Alex Rodriguez - 10 years - $US252 million - Texas Rangers (Baseball)

Major League Baseball star Manny Machado has signed the biggest free agent contract in US sports history according to ESPN.

Machado has reportedly agreed to a 10-year, $US300 million deal to play with the San Dieogo Padres with an opt-out after the fifth season.

The Padres were clearly inclined to break the bank to snare the former Dodgers and Orioles star, with the club spending $474 million in free agency. San Diego had spent a combined $309 million to sign free agents over the past 25 years.

Padres owners Ron Fowler and Peter Seidler didn’t confirm the deal to ESPN and said there were still finer details to be ironed out.

"Ron and I, we love the city of San Diego, we love sports in San Diego, we're also well aware of the history," Seidler said. "There's never been a championship. ... We as an organization, we want to completely change that. We want our franchise to win year after year after year. And we're going to do whatever we can rationally do to make that happen."

The newly signed Padres star’s contract surpasses  Alex Rodriguez’s 10-year, $US 275 million deal he signed in free agency with the New York Yankees in 2008.

Machado’s agreement is the second-largest total value contract in MLB history, behind Giancarlo Stanton's $325M extension he signed in the 2014-15 offseason.

When it comes to the biggest overall contracts signed in sporting history, Machado’s Padres’ deal sits third behind Stanton and Saul ‘Canelo’ Alvarez’s deal with sport streaming service the DZN, with the boxer signing a 5 year $365 million late last year.

With Machado’s contract, baseball players makes up 8 out of the top ten richest sport contracts of all time.

The Dodgers Clayton Kershaw, a former teammate of Machado who sits 11th on the list of biggest contracts ever signed, said the deal is fair despite critics bemoaning the length of the agreement.

"There's not that many guys that get to free agency at that superstar level that are 26 years old," Dodgers ace Kershaw said.

"Ten years seems fair, for sure, and getting that $30 [million per] year is great.

"Can't say I'm happy for him; I guess he's with the Padres now. But it's good to maybe get the market going a little bit, for sure. I think [the Padres] took advantage of Manny being out there for so long, got in the mix. Kudos to them."

However the reaction to the length of his deal has left some commentators in the US scratching their heads.

ESPN’s Stephen A. Smith was highly critical of the 10-year offer, saying long contracts in baseball simply didn’t hold their value over time.

“Ain’t nobody worth ten years in Major League Baseball,” Smith said on ESPN Radio.

“You want to tell me that the 8 players before him that signed maintained over that period? It’s not about the money what I have a problem is the years. How do you know somebody is going to be productive in ten years? I don’t think any of these guys should get more than six years.”

Fox Sports’ Colin Cowherd was also critical of the deal saying that Machado might put bums in seats but won’t help the Padres win more games.

“He’ll put more people in the seats, and that’s where you can validate this. It makes sense financially, although I would never sign anyone to a ten-year contract, I think it’s insane.”

Although, Joe Lemire, sports writer for SportTechie told the MLB network that it was great a small market team landed a big star like Machado and that he’ll provide value through his deal.

“Here’s someone who can help on day one, but can also help in year 5 and 6. It was tough sell to get a guy to a team who’s still rebuilding.”

Biggest contracts in sporting history according to Forbes.

No.1 - Canelo Alvarez - 5 years $ US365 million - DZN (Boxing)

No.2 - Giancarlo Stanton - 13 years - $US325 million - New York Yankees (Baseball)

No.3 - Manny Machado - 10 years - $US300 million - San Diego Padres(Baseball)

No. 4 - Alex Rodriguez - 10 years - $US275 million - New York Yankees(Baseball)

No. 5 - Alex Rodriguez - 10 years - $US252 million - Texas Rangers (Baseball)

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