Manny Machado is officially a Padre. According to an AP source, Machado and the San Diego Padres have agreed to a new $350 million, 11-year deal.

The deal, which is the largest free-agent contract in the history of American sports, will keep Machado in San Diego through the 2031 season. ESPN sources have confirmed that the two sides are finalizing the extension.

CBS Sports reported that Machado will receive an average annual salary of $32 million over the life of the contract. The deal also includes an opt-out clause after the fifth year and a full no-trade clause.

MLB Trade Rumors noted that the Padres have been in pursuit of Machado since the beginning of the offseason. Machado, who is a four-time All-Star, had been linked to the New York Yankees, Philadelphia Phillies and Chicago White Sox before signing with the Padres.

The deal is a major coup for the Padres, who have not made the playoffs since 2006. With Machado on board, the Padres have a legitimate chance of making the postseason in 2020.

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