Fernando Tatis Jr.’s $340M Contract with Padres Made Official on Monday


Fernando Tatis Padres Background

  • Fernando Tatis Jr.’s $340M deal, agreed on last week, was made official on Monday.
  • Tatis’ deal is the third-largest in MLB history and the longest ever in the Majors.
  • The Padres are tied with the third best odds to win the World Series at +900 while Tatis is tied for the 4th best odds to win NL MVP honors at +800.

Fernando Tatis Jr.’s 14-year $340M contract was made official on Monday and during the press conference to discuss his new deal, Tatis explained why he opted to sign the longest contract ever in Major League baseball.

According to Tatis, he wants to build his legacy in San Diego and when all is said and done, he wants to have his image built alongside Tony Gwynn and Trevor Hoffman, who have statues honoring their careers at the Padres’ Petco Park.

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Tatis will have the motivation to achieve those with the third largest contract in the history of the Majors.

Third Largest Contract in MLB History

Baseball’s biggest contract ever is still Mike Trout’s 12-year $426M deal signed with the Angels in 2019 while Mookie Betts’ 12-year $365M contract with the Dodgers that start this season is second. Tatis’ contract is next on the all-time list in terms of amount but it’s length exceeds the 13-year agreements of Giancarlo Stanton with Miami (2014) and Bryce Harper with Philadelphia (2019) for the longest ever in MLB history.

The Padres promoted Tatis to the Majors on opening day of the 2019 season, foregoing the opportunity to delay his free agency by waiting a few weeks, a reality experienced by stars like Kris Bryant of the Chicago Cubs and Harper when he was still with the Washington Nationals.

Tatis’ rookie season ended in August 2019 after injuring his back. He finished the season with 22 home runs, 61 runs, and 106 hits over 84 games played. Tatis would finish third in the balloting for NL Rookie of the Year behind Pete Alonso and Mike Soroka. That was just the beginning.

Breakout Performer of 2020

Tatis finished fourth in last year’s MVP voting after a spectacular season where he led all MLB hitters in average exit velocity at 95.9 MPH, percentage of barrels/plate appearance (12.5%) and percentage of hit-hard balls (62.2). He was also number one in the NL in power-speed number at 13.4, 2nd in runs (50) and home runs (17), 4th in RBI (42) and stolen bases (11), and 10th in batting .277/.366/.571.

Without doubt the breakout performer in 2020, Tatis helped the Padres end their 13-year playoff drought last season and a wild card series win over the St. Louis Cardinals. In Game 2 of that series, Tatis hit two home runs that enabled the Padres to stay alive and later win the series. San Diego advanced to the NL Division Series where they were swept by their rivals L.A. Dodgers. San Diego has the second best odds to win the NL this coming season at +475, behind the Dodgers’ +175.

Tatis is ranked 4th at +800 in the latest 2021 NL MVP oddsboard. Only Mookie Betts (+650), Cody Bellinger (+750) and Juan Soto (+750) have shorter odds to win than the Padres’ electrifying shortstop. Reigning NL MVP Freddie Freeman of the Atlanta Braves is tied 5th in the SportsBetting.ag oddsboard at +1200.