Machado Signs 11-year Extension

[wibadgers23]

The Padres are just printing money apparently.

 

[sveumrules]

Had 6/180 remaining, so essentially 5/170 for his age 36-40 seasons.

[Brock Beauchamp]

I love it. The Padres are absolutely insane is a completely fun way.

Also, wow are they gonna be terrible five years from now.

[wiguy94]

Padres now have big contracts on the book that pay Bogaerts and Machado until they are 40 and Darvish until he’s 42. Crazy stuff. 

[wibadgers23]

  On 2/26/2023 at 4:00 PM, wiguy94 said:

Padres now have big contracts on the book that pay Bogaerts and Machado until they are 40 and Darvish until he’s 42. Crazy stuff. 

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And they’ll probably offer Soto a similar or even more expensive extension than Machado’s. Absolutely crazy.

[sveumrules]

  On 2/26/2023 at 5:26 PM, wibadgers23 said:

And they’ll probably offer Soto a similar or even more expensive extension than Machado’s. Absolutely crazy.

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Yeah, Machado total outlay ends up at 15/470 with this new money added onto the original deal.

Soto already turned down 14/440 from the Nats apparently and will be hitting FA going into his age 26 season. Gotta think his target is 15/600 which would be $40M per year through age 40.

[SF70]

Seidler has decided to lose money on a yearly basis indefinitely (it appears). If it’s $50-$100M/year, in 5 years it only knocks a half billion off his net worth, max (From 3B to 2.5B). Some or maybe even most of that he can get-back with the team valuation likely to skyrocket during this time. 

Title or not, he’s still a hero in SD. Pretty good deal for him actually.

[Thurston Fluff]

  On 2/26/2023 at 5:48 PM, SF70 said:

Seidler has decided to lose money on a yearly basis indefinitely (it appears). If it’s $50-$100M/year, in 5 years it only knocks a half billion off his net worth, max (From 3B to 2.5B). Some or maybe even most of that he can get-back with the team valuation likely to skyrocket during this time. 

Title or not, he’s still a hero in SD. Pretty good deal for him actually.

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Keep in mind none of these guys have billions of cash in the bank. It's based on the value of assets they hold. As many investors discovered in 2008 those values don't always fluctuate upward. Even sports franchises are subject to downward pressures.

[JRob1125]

In a twisted way, I'm looking forward to seeing what the late years of these contracts does to the franchise.

[wallus]

I don't think these guys will play out these contracts. It's a way to get around the luxury tax today.

[MVP2110]

  On 2/26/2023 at 11:35 PM, wallus said:

I don't think these guys will play out these contracts. It's a way to get around the luxury tax today.

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So what do you think happens? They just retire?

[wallus]

  On 2/27/2023 at 12:22 AM, MVP2110 said:

So what do you think happens? They just retire?

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Will get cut or bought out for their entire pay. If they retire, they don't get paid.

[brewcrewdue80]

  On 2/27/2023 at 1:18 AM, wallus said:

Will get cut or bought out for their entire pay. If they retire, they don't get paid.

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The contract is guaranteed. Money still owed when cut(waived). Retiring would save cash but why would they want to retire?  I'm not even sure buying out is an option. The contract would need to have the option year in it to buy out from that season forward. Usually when they state what a contract yr&money total that includes all the guaranteed money with buyout. They would term it it could increase to X amount of dollars if option/s were picked up. 

[Brock Beauchamp]

  On 2/26/2023 at 11:18 PM, JRob1125 said:

In a twisted way, I'm looking forward to seeing what the late years of these contracts does to the franchise.

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As many of you know, I'm a Padres fan and I'm also curious to see what the late years of these contracts do to the franchise.

In the meantime, it's wildly fun to watch this play out.

I prefer my teams to stick to the mold the Brewers have taken but it's still a boatload of fun to watch another team I follow just go absolutely bat-**** crazy.

I think it's more likely the Brewers win the World Series in the next ten years than the Padres but boy, are both methods entertaining to watch.

[wallus]

  On 2/27/2023 at 2:49 AM, brewcrewdue80 said:

The contract is guaranteed. Money still owed when cut(waived). Retiring would save cash but why would they want to retire?  I'm not even sure buying out is an option. The contract would need to have the option year in it to buy out from that season forward. Usually when they state what a contract yr&money total that includes all the guaranteed money with buyout. They would term it it could increase to X amount of dollars if option/s were picked up. 

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Like I mentioned above, these crazy long contracts are happening to skirt the luxury tax. They will worry about potential payroll issues in the future, kinda like dead cap money in the NFL.

[brewmann04]

Don’t think you can include SD as a small market Team anymore

[MVP2110]

  On 2/27/2023 at 4:02 AM, brewmann04 said:

Don’t think you can include SD as a small market Team anymore

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I am actually curious how much not having a local NFL, NBA, or NHL team helps them out

[BlightyBrew]

Good for SD.  If it wins them a WS that's all that matters.  People remember championships not contracts.

[Fear The Chorizo]

  On 2/27/2023 at 8:02 AM, BlightyBrew said:

Good for SD.  If it wins them a WS that's all that matters.  People remember championships not contracts.

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Guaranteed this statement isn't true for an organization that will be hamstrung with these contracts for the next decade-plus if they don't win a championship in the next couple of seasons.  The Padres will be the poster child for taking the wrong approach after accumulating so much talent in their farm system with a longterm rebuild, then blowing it all to bring in expensive veteran talent on top of huge free agent contract allotments.

[owbc]

  On 2/27/2023 at 3:56 PM, Fear The Chorizo said:

Guaranteed this statement isn't true for an organization that will be hamstrung with these contracts for the next decade-plus if they don't win a championship in the next couple of seasons.  The Padres will be the poster child for taking the wrong approach after accumulating so much talent in their farm system with a longterm rebuild, then blowing it all to bring in expensive veteran talent on top of huge free agent contract allotments.

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This is the big question -- will it matter? I think we all know these contracts are going to look bad, but it may only matter to the extent that there is some red on a balance sheet that is written off by an owner with deep pockets. "Bobby Bonilla Day" is just a joke now. 

The "owners club" of MLB has such a fun problem with the lack of meaningful rules to reign in spending. It only takes one rogue owner to throw a wrench in the unspoken rules of the club. For a long time that was George Steinbrenner, then everybody played by the "rules" for a decade or two, but now that we're in Gilded Age 2.0 it was only a matter of time until someone came in and shattered the "rules". Once Cohen started spending, Seidler couldn't help himself. I'm with Brock that this is incredibly fun to watch play out. 

[nate82]

Fun to watch play out now but it won't be in 5-years for Padres fans when their payroll dips to whatever they owe to Machado, Darvish, Tatis, and Bogaerts and they drop to a 80-win team.  The narrative will change if the Padres don't win a championship in the next 5-years from fun to how stupid they were and are. 

This could be the next Vernon Wells deal for the Padres here. 

[Jopal78]

  On 2/27/2023 at 8:02 AM, BlightyBrew said:

Good for SD.  If it wins them a WS that's all that matters.  People remember championships not contracts.

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True, but you can only sell a Championship season to a consumer once. Baseball is a for profit business, and as the Cubs are finding out its hard to stoke the appetite of the consumer  when the product you're selling sucks, despite having recently won a Championship. 

[Jopal78]

  On 2/27/2023 at 2:59 AM, wallus said:

Like I mentioned above, these crazy long contracts are happening to skirt the luxury tax. They will worry about potential payroll issues in the future, kinda like dead cap money in the NFL.

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Yes, and as the Dodgers have shown even when a team is underwater on a contract you can simply package a bunch of dead weight to another club that will be happy to take veterans at half price. 

'14 Matt Kemp and 25 million dollars to SD for Grandal, Eflin and others. 

'16 Matt Kemp and another 16 million dollars from the Padres to ATL.

'18 Matt Kemp back to LAD from ATL for McCarthy (7 million) Kazmir  (17 million), Adrian Gonzalez (44 million) et al. 

Then '19 Kemp, Puig, Alex Wood, and Kyle Farmer to CIN for Homer Bailey, Josiah Gray, and Jeter Downs.

If you follow all that, LAD had a terrible contract with Matt Kemp, were able to unload him and cash on SD, getting real players back. Then re-acquired Kemp's contract at a discount, while unloading another 68 million in bad contracts of their own, then picking up two prospects in an otherwise garbage for garbage swap with the Reds. 

[pitchleague]

  On 2/27/2023 at 2:55 AM, Brock Beauchamp said:

As many of you know, I'm a Padres fan and I'm also curious to see what the late years of these contracts do to the franchise.

In the meantime, it's wildly fun to watch this play out.

I prefer my teams to stick to the mold the Brewers have taken but it's still a boatload of fun to watch another team I follow just go absolutely bat-**** crazy.

I think it's more likely the Brewers win the World Series in the next ten years than the Padres but boy, are both methods entertaining to watch.

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Hey, mister, I don't care if you own the site or just joined here. . . . we don't go much for the cussin' 'round here.

Keep it clean.

[TURBO]

Machado is still a punk.

I can't forget, or forgive...