The Padres have signed first baseman Wil Myers to a six-year, $83 million extension, as first reported by FOXSports.com’s Ken Rosenthal. The deal includes a $20 million club option or $1 million buyout for 2023, pushing its total potential value to $102 million.
Dennis Lin of the San Diego Union-Tribune provided a full breakdown of the deal:
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
Myers is arbitration-eligible for the first time this winter, so the deal will cover three arbitration seasons and three free-agent seasons. With the option, San Diego will have control over the 26-year old through 2023, which will be his age-32 season.
Myers had an All-Star season for San Diego in 2016, hitting .259/.336/.461 with 28 homers in 157 games in his second year with the club. He emerged as the face of the Padres’ franchise as the club traded Joaquin Benoit, Craig Kimbrel, James Shields, Fernando Rodney, Drew Pomeranz, Melvin Upton, Andrew Cashner, Matt Kemp and Derek Norris in a 13-month stretch.
Myers is the one of two young Padres stars to be locked up this week, alongside Yangervis Solarte, who received a two-year extension with two club options. Myers leads a core that also includes Ryan Schimpf, Austin Hedges, Travis Jankowski and Hunter Renfroe. San Diego is expected to continue making moves to add young talent throughout next season, in which they are not expected to contend.