Fernando Tatis Jr and the Padres have agreed to a 14-year, $340 million deal, per source.
In the 2021 MLB season, Petco Park will be home to two of the most lucrative deals in MLB history in terms of guaranteed money. Manny Machado #7, $300 million over 10 years, and Fernando Tatis Jr.,$ 340 million over 14 years. As a whole, the NL West division will be home to three of the most expensive contracts with Mookie Betts topping the list at $365 million over the course of 12 years.
Breakdown of Contract
Fernando Tatis Jr. is guaranteed $340MM
The contract provides a full no-trade right
$10MM signing bonus
The deal takes him through his age- 35 season
Surpasses any deal given to any player before reaching arbitration
Nearly $200MM more than Trout’s first extension
Where it Began
It is amazing how Tatis Jr. developed and blossomed into one of baseball’s most hyped prospects. The San Diego Padres were involved in an all-time heist as they traded James Shields to the White Sox for Fernando Tatis Jr. and Erik Johnson. Shields was seen as someone who could produce in the majors while mentoring the young pitching prospects.
His next two seasons after being dealt to the White Sox weren’t great either. Posted a 12-23 with a 4.78 ERA, 257 strikeouts and 131 walks in 321 2⁄3 innings. This bad tenure would end James Shields’s hopes of pitching again in the MLB.
On the other hand, Tatis has been in the MVP conversations as he ranked 4th in 2020. Scouts were worried about his strikeout rate, but he cut his strikeout rate by 6%, upped his walk rate by 2.5%, and led the league in average exit velocity. Tatis should be able to get a decent contract when this deal is done.
What Does This Mean for Other Star Free Agent Shortstops?
Francisco Lindor, Javier Báez, Carlos Correa, Trevor Story, Carlos Correa, and Corey Seager are all free agents after this season. They might not get as contract as long as that of Tatis Jr’s., but could get more AAV (Average Annual Value).
- Francisco Lindor
Francisco Lindor has stated that he will not sign a contract extension this offseason. Arguably the best SS in baseball, Lindor could see a 10 year contract worth 300MM plus due to this situation. If he signs elsewhere, a draft pick would be attached as the New York Mets will extend a qualifying offer.
- Javier Baez
Struggled in the 2020 season with a .203 batting average with 8 home runs. The Chicago Cubs could be trade Baez at the deadline for young prospects. Would need a big 2021 season to prove his worth. No draft pick would be involved.
- Trevor Story
Had a very good season. Scouts are also wary of any players that play in Coors Field. However, Story should see an AAV of over 25MM a season. Could also be dealt from the Colorado Rockies, so no draft pick would be involved.
- Carlos Correa
Prior to 2020, Correa had struggled to stay healthy on the field. He hasn’t also produced the same way as the team was involved in a trading scandal. It is still not certain, what direction the Houston Astros are going in. Hard to see get anything beyond 6 years.
- Corey Seager
The World Series champ and NLCS MVP Seager had an amazing year. The Los Angeles Dodgers have gone way past the luxury tax. A team would have to forfeit a draft pick to sign him, but an organization may be able to outbid the Dodgers depending on what Trevor Bauer does and what the organization does with Clayton Kershaw.
Fernando Tatis’s contract extension should affect other young talented players as well. Expect Juan Soto’s name to be next as he enters year 1 of arbitration after the 2021 season.