The San Diego Padres proved they are serious about contending in 2019 when they signed Manny Machado to a massive contract on Tuesday, but oddsmakers still do not consider their chances of winning the World Series to be all that great.
As sports business reporter Darren Rovell noted, the Padres odds of winning the World Series next season were 100/1 with the FanDuel Sportsbook before they signed Machado. Shelling out $300 million for the free agent slugger increased their odds to 66/1.
Machado deal moves Padres odds of winning the World Series, at @FDSportsbook, from 100/1 to 66/1.
While the Padres have a lot of young talent and are in a great position to contend for years to come, they won just 66 games last season and finished last in the NL West. They have not been to the playoffs since 2006, so it will take a lot more than just Machado to get them back to the postseason.
The fact that the Padres were so bad in 2018 is one of the reasons many felt they were not serious with their interest in Machado and Bryce Harper, but their offer to the shortstop proved otherwise. At least one team from a much bigger market was left stunned by Machado choosing San Diego.
The White Sox were left disappointed on Tuesday when Manny Machado agreed to a deal with the Padres, but it does not sound like their offer was as superior to San Diego’s as they are making it seem.
Machado has reportedly agreed to a 10-year, $300 million contract with the Padres. According to Ken Rosenthal of The Athletic, Chicago offered Machado an eight-year, $250 million deal. The offer also included incentives.
Source: #WhiteSox offer to Machado was 8/$250M (a higher AAV than he will receive from #Padres. Total value of deal – with incentives and vesting options – could have been “well north” of $300M.
While the average annual value of Chicago’s reported offer is higher than what Machado will get from the Padres, his deal also includes an opt-out after the fifth season. That means the total guaranteed dollar amount is more than what the White Sox offered, plus Machado has the option of hitting free agency again when he’s still in his prime at age 31.
The San Diego Padres and Manny Machado reached an agreement Tuesday on a massive 10-year contract, and at least one team appears to be extremely disappointed about missing out on the free agent slugger.
Shortly after word surfaced that Machado will sign a 10-year, $300 million deal with the Padres, Chicago White Sox executive vice president Kenny Williams said he thought his team had the highest outstanding offer for the 26-year-old. Williams admitted he is in “shock.”
Kenny Williams said White Sox felt they were the high offer on the table
“I’m wearing my shades so you can’t see the shock in my eyes”
The White Sox were reportedly considered a “strong factor” in the Machado sweepstakes as of Monday night, but that may have just forced the Padres to up their offer. While many people felt San Diego was only considering signing Machado because the price had seemingly dropped in what has been another quiet free agency, they were clearly serious from the start.
It’s also possible that Machado preferred San Diego over Chicago and took less money to sign with the Padres.
The Padres were said to have offered Machado more than $250 million, so it’s no surprise they ended up with him. There was some talk at first about them potentially just kicking the tires on Machado and Bryce Harper with the way the free agent market shook out, but their interest was obviously legitimate.
We know at least one other team was still strongly in on Machado as of Monday night. That may have caused the Padres to up their offer, or it could have simply been a final effort from Machado’s camp to get more money. If that was the case, it clearly worked.
Don’t discount the Chicago White Sox in the Manny Machado pursuit.
Machado and Bryce Harper are the top two position players left on the market, players many thought would have been signed by now. The infielder has received strong interest from the White Sox, San Diego Padres, and Philadelphia Phillies, among others.
On Monday, The Athletic’s Ken Rosenthal described the Sox as a “strong factor” with Machado.
#WhiteSox remain strong factor along with #Padres in Machado sweepstakes, sources tell The Athletic. Machado is said to be first choice of both front offices and preference of #Phillies’ front office as well, though ownerships in SD and PHI might not see it as convincingly.
Depending on who you ask, both Bryce Harper and Manny Machado may have been on the verge of signing massive free agent contracts weeks ago. Yet, the two sluggers remain unsigned, and Chicago Cubs superstar Anthony Rizzo is as baffled as anyone about all the inaccurate reporting.
While speaking with reporters on Monday, Rizzo said he is shocked by how many false reports he has heard about Harper and Machado. But if both players want to end their free agency now, Rizzo says he has made them an outstanding offer on behalf of the Cubs.
So why all the false reports? In all likelihood, many of those are being planted by the agents representing the players. That’s part of the free agent strategy, and Harper’s agent Scott Boras is a master of manipulation. Rizzo should direct some of his comments toward him.
The San Diego Padres have been heavily involved in their pursuit of Manny Machado, and by the sounds of it, they’ve made a very competitive offer.
According to Jon Heyman of MLB Network, the Padres have made an offer of roughly eight years and $250 million to Machado. Kevin Acee of the San Diego Union-Tribune goes even further, reporting that the financial terms of the offer are even higher than that.
I don’t know the years. But my understanding is offer to Machado is for more than $250 million. https://t.co/kSkJo5DVwo
Don’t know how many years involved in “$250-plus” offer for Manny Machado, don’t know structure. But #Padres got creative in landing Eric Hosmer, are working similar path here. One thing they can do is give larger signing bonus. No state tax on SB since Machado a Fla. resident.
Both Machado and Bryce Harper are going to end up signing very late. It appears, however, that they will still get pretty hefty paydays. Harper is looking at upwards of $300 million, and Machado appears to be moving close to that neighborhood as well. As reported, the deal would pay him upwards of $30 million annually, putting him comfortably near the top of MLB salaries.