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A Look Inside The Huge $340 Million Deal For Fernando Tatis Jr.

Fernando Tatis Jr. just signed the third-largest deal in MLB history. A look at the agreement and what it means for the Padres is provided below.

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Although the Major League Baseball season is quickly approaching, teams are still making changes. The latest: the San Diego Padres ensuring their young star Fernando Tatis Jr. is sticking around for the long haul.

Tatis Jr. and the Padres reached an agreement on a $14 million contract extension. Only Mike Trout ($426.5 million) and Mookie Betts ($365 million) have signed contracts worth more than this one in MLB history. The Padres are also the first team to sign two players to contracts worth $300 million or more. In 2019, the organization signed Manny Machado to a contract for $300 million.

What’s more, the younger Tatis will make his father’s entire career earnings for every 125 games he plays. Baseball Reference estimates that during his playing career, Tatis Sr. made around $17,810,000.

Dustin Bradford/Getty Images

Getty Images/Dustin Bradford

Of course, there are risks associated with the acquisition. Any contract should not be for more than 14 years. Tatis Jr. did sustain a back injury during his rookie season, and if there are any after-effects from that (or further problems in the future), this agreement may appear poor in hindsight.

However, the contract might end up being a bargain at an average salary of slightly over $24 million per season. And who can predict how the environment will look in 15 years. The Padres know they have something special in Tatis Jr. and didn’t want to waste any time. They are now a consistent postseason danger and a serious World Series contender for the coming years.