In an anticipated move which indicates that the club is serious about its future, the Padres have signed the face of the franchise to a six-year contract with an option for a seventh. 2016 All-Star Wil Myers is guaranteed $83 million through 2022, with $20 million more coming to him in 2023 if the team sees fit. The two sides had been in agreement for a few days, but the details of anything of this magnitude always take a proverbial minute to work out; fortunately nobody got cold feet.
Dennis Lin had the breakdown of the cash coming Wil's way, because of course he did. *Lucille Bluth voice* He's very good.
Wil Myers gets a $15 million signing bonus. $2M salary in 2017-18, $3M in 2019, $20M in 2020-22. $20M team option for 2023, $1M buyout.— Dennis Lin (@sdutdennislin) January 17, 2017
It gets slightly more convoluted when taking into account that the signing bonus is spread out over the first three years of the deal. He'll receive $1 million of it this season, $5.5 million next year, and the other $8.5 million in 2019, all in addition to his salary. After that it will be three years at $20 million each, all considered straight salary.
If you include signing-bonus installments, Wil Myers will make $3 million this year, $7.5M in 2018 and $11.5M in 2019.— Dennis Lin (@sdutdennislin) January 17, 2017
In addition to that $83 million, which becomes $102 million if his option is picked up, Myers gets an extra cool million if he is traded. No matter what, whether he ends up with $83 million, $84 million, $102 million, or $103 million, this is the largest deal in team history in terms of total dollars, surpassing the $75 million over four years that James Shields signed for before the 2015 season. He's long gone, but San Diego is still paying $10 million each of the next two years for him to pitch for the White Sox. Let's hope this turns out better than that.