Manny Machado Turned Down THIS Padres Extension Offer

We've now got some clarity on why San Diego Padres' All-Star Manny Machado made it public this week that he's going to be exercising his option to become a free agent after the season.

It turns out, according to Kevin Acee of the San Diego Tribune, that Machado gave the team a February 16th deadline to come to terms on an extension, or he'd be opting out. And the lone extension offer the Padres made? 5 years, $105M. 

In today's market, that doesn't come close. 

From the Padres' commitment side, that would make their total outlay to him, from the beginning of his current contract, 15 years, $405M. 

But from the player's side, combining the final five years he's owed on his current contract with this 5-year, $105M extension, makes for a 10-year, $255M deal going forward. 

And seeing as the Friars just offered Trea Turner 10 years and $342M (which he declined), and were reported to be wanting to offer Aaron Judge close to $400M, and ended up giving Xander Bogaerts 11 years and $280M, their offer to Machado falls considerably short of what the third baseman could expect. 

As former MLB GM Jim Bowden said on MLB Network Radio on Sunday, if he was Machado, that offer would leave him "pissed!... 'I'm insulted by that offer. I'm insulted that you value Trea Turner and Xander Bogaerts more than me... Absolutely insulted'. 

"So you're valuing him $15M less than Bogaerts?," Bowden asked rhetorically. "No no no no. It doesn't add up. The deal for him on the open market, come November (2023), when we're announcing (his new contract), it'll be $350M."

Machado is a 6-time All-Star, 2-time Gold Glover and the 2022 MVP runnerup for San Diego. In his four years with the Padres, he's batted .280 with an .855 OPS and 104 home runs. 

Photo: Michael Chow/The Republic / USA TODAY NETWORK