SAN DIEGO – Eric Hosmer and the San Diego Padres have finalized their $144 million, eight-year contract.
The team announced the signing Monday night after Hosmer passed his physical. The first baseman, who spent his first seven major league seasons with Kansas City before becoming a free agent this offseason, can opt out of the deal after five years.
The contract is the largest in Padres history.
Hosmer gets a $5 million signing bonus payable within 30 days of the contract being approved by the commissioner’s office. His salary is $20 million each year from 2018-22 and would be $13 million annually from 2023-25 if he doesn’t terminate the deal.
A four-time Gold Glove winner and 2016 All-Star, Hosmer will be introduced during a news conference Tuesday morning at Padres camp in Peoria, Arizona.
Also on Monday, outfielder Jarrod Dyson and the Arizona Diamondbacks agreed to a $7.5 million, two-year contract.
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