The Padres reportedly reached a contract extension with Manny Machado which will end the chance of his opting out of his contract this season:

Star third baseman Manny Machado and the San Diego Padres are finalizing an 11-year, $350 million contract extension, sources familiar with the deal told ESPN.

Machado said earlier this week he intended to opt out of the final five years (and $150 million) of his current contract with the Padres following the season after preliminary negotiations on an extension broke down. While Machado had set a Feb. 16 deadline to reach a new deal, conversations continued between Machado’s agent, Dan Lozano of MVP Sports, and Padres general manager A.J. Preller. The deal is expected to be official soon.

ESPN.com

There’s no word on how the contract is structured. The Padres, it would appear, will be paying the competitive balance tax for a long time.

I don’t know if this is such a great move. I would rather someone else pay for his decline.

Update: There is no opt-out, and a no-trade clause.