On Tuesday, the club made the announcement official. Myers agreed to a six-year, $83 million extension with a club option for a seventh year. It is the largest contract given in Padres history.
In his first full, healthy season in the big leagues, Myers hit .259 with 28 home runs, 29 doubles, 94 RBI, 99 runs scored, and stole 29 bases. Myers became the first Padre in team history to post 25-or-more doubles, home runs and stolen bases in a season. He switched positions to first base full-time this past year, and was a Gold Glove award finalist by season’s end. The former Rookie of the Year also earned his first All-Star appearance and participated in the home run derby at Petco Park.
“We’re excited to secure a player with talent like Wil’s for the next six years,” General Manager A.J. Preller said in the team’s press release. “Wil has shown that he wants to be in San Diego and wants to be a Padre, and he is going to be an integral part of our team and the community as we continue to build a championship club.”
“I want to thank the Padres organization for giving me this opportunity, and Padres fans for their support,” said Myers. “I’ve loved my time in San Diego and I’m excited to be a part of what we’re building for the future.”
According to Dennis Lin of the San Diego Union Tribune, here are the details of the contract:
According to sources, the 26-year-old first baseman will receive a $15 million signing bonus, to be paid in installments. He will make $2 million annually in 2017 and 2018, $3 million in 2019 and $20 million a year from 2020 through 2022. The option for 2023 is worth $20 million with a $1 million buyout. Myers gets a one-time $1 million assignment bonus if he is traded.