Worst contract, non Chris Davis division in all of baseball.
Just a bafflingly stupid deal.
What's dumb about it? Because it's long? Or a lot of money?
This isn't a contract that you're giving to a guy at 30 and Davis was like... 30/31 with a sky high K% to boot.
He's going to be in the prime of his career for literally half of the deal. He's younger than Aaron Judge and Kris Bryant. He's roughly going to be the 10th best position player in baseball this coming year according to Steamer - which plops him right between Yelich and Bregman.
When you look at the numbers and his projections, he should be worth about 38-39 WAR over the course of the deal, which makes him worth it AND he'll be 36 when it's finally up.
IF you look at the downside of the deal and look at everyone comparable to Machado since 1950... and they average around 30 WAR or so. Great players usually tend to stay great for a while and Machado is a really great player. His historical comps are Adrian Beltre, Ron Santo and Andruw Jones. Ken Griffey Jr, Cal Ripken and Bryce Harper are also in his top 10. Josh Donaldson and Nolan Arenado are both his most comparable bats and they're older.
He's at a position that's got less positional depth than any other in baseball currently, so there's a premium to that.
Plus the Padres have a good farm system full of club-controlled guys who are likely to perform at a high level without cost much. This gives them the flexiblity to invest in other areas of their team.
Plus there's an opt out after year 5, so there's a good chance he's not in town past that.
So it puts them into contention for the forseeable future, with an escape hatch after 5 years if everyone holds up their end of the deal and even if he opts in, Hosmer's salary goes from $21 million to $13 million and Myers' money is off the books entirely by then. That money basically pays off the back end of the contract, assuming its not front loaded.
It's a great deal.