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MannyMania can officially begin as Padres announce Machado signing

It’s official.

The Padres on Thursday announced the signing of Manny Machado, and the four-time All-Star will be introduced at a news conference Friday morning at the team’s training complex.

The 26-year-old Machado agreed Tuesday morning to a 10-year, $300 million deal, the richest pact ever for a free agent in any American sport.

“Manny Machado is a generational talent, and we’re ecstatic that he’s chosen to spend his prime years in a San Diego Padres uniform,” Padres Executive Chairman Ron Fowler and General Partner Peter Seidler said in a statement. “This momentous agreement speaks volumes to the direction of our organization.”

Machado spent the past two days in San Diego.

On Wednesday, he and his wife toured Petco Park and had lunch with a contingent that included Fowler, Seidler, General Manager A.J. Preller and manager Andy Green. Machado then took a team physical Wednesday and another insurance physical Thursday morning before flying to Phoenix.

He is expected to work out for the first time as a Padre on Friday afternoon.

To make room for Machado on the 40-man roster, the Padres transferred pitcher Dinelson Lamet to the 60-day injured list. Lamet underwent Tommy John surgery in April and is expected to pitch sometime midsummer.

Machado, who will receive a $20 million signing bonus within the next month and a $10 million base salary in 2019, is expected to play third base for the Padres. A career .282/.335/.487 hitter, it is also anticipated he will provide an impetus for an offense that last year ranked 28th out of 30 teams in batting average, 30th in on-base percentage and 27th in slugging percentage.

His 23.2 WAR (wins above replacement) ranks seventh in the majors over the past four seasons and is 12.9 higher than the total WAR of the next-highest Padres player (Eric Hosmer) in that span.

Machado, scheduled to make $30 million a year from 2020-28 with the ability to opt out of his contract after five seasons, has played in more games (637) than any other major leaguer and ranks seventh with 142 home runs since the start of the ‘15 season.

Talk of Machado has dominated the clubhouse conversations the past few days.

“It doesn’t seem real yet,” pitcher Phil Maton said Thursday morning.

Now it is.


4:30 p.m.: Story was updated with contract details and other reporting.

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