Fernando Tatis Jr., Padres agree to 14-year, $340M extension

Originally posted on MLB Trade Rumors  |  By Jeff Todd  |  Last updated 2/17/21

The Padres have agreed to a historic 14-year deal with superstar Fernando Tatis Jr., according to Kevin Acee of the San Diego Union-Tribune (via Twitter). It is worth a guaranteed $340M, Robert Murray of Fansided adds on Twitter. The deal provides Tatis with full no-trade rights, MLB.com’s Mark Feinsand tweets. There’s a $10M signing bonus.

While the deal covers a staggering number of years, it’ll only take Tatis through his age-35 season. The young superstar only just celebrated his 22nd birthday.

This pact sets a record for pre-arbitration deals by a rather healthy margin. The great Mike Trout had held the record with a $144.5M deal. In Trout’s case, of course, the contract covered only six seasons — until it was further extended a few years later. Tatis’s guarantee falls just shy of the $360M of additional money Trout received in the second agreement.

While this deal won’t change the complexion of an increasingly loaded 2021 Friars roster, it makes for a bold statement of intent by the San Diego organization. The club could’ve sat back and enjoyed Tatis while waiting to see how its roster situation evolved. Instead, the Pads have effectively declared him the franchise cornerstone for the foreseeable future.

Tatis would have reached arbitration eligibility after the 2022 season, so he was still a full campaign away from securing serious earnings. The MVP Sports client had been slated to reach free agency after the 2024 season, at which time he’d have been marketing his age-26 and beyond years.

This deal represents the culmination of a fascinating series of developments involving Tatis. At the time the Padres acquired him — in what turned out to be an all-time heist of a deal — Tatis was noteworthy mostly because of his namesake father, former big leaguer Fernando Tatis. The younger Tatis quickly blossomed into one of the game’s most-hyped prospects, though some worried about his strikeout rate and ability to stick at shortstop.

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