(CNN)The San Diego Padres have signed third baseman Manny Machado to a new 11-year contract through the 2033 season, the team announced Tuesday.
The contract extension is worth $350 million, according to Spotrac, making it the fourth-highest contract in MLB history.
"This has been a long journey," Machado said, per MLB. "We're here. We signed a contract four years ago. We had long conversations, and it was great.
"[The Padres] have gone above and beyond for this organization, for this city, made a lot of promises that have come true."
"In my mind I was always going to be a Padre.
"It's awesome to see the faces, the teammates now," Machado added. "We've got a whole city behind us. Just a lot has changed over the years, a lot of promises have been made and they've come true."
The San Diego Padres have World Series aspirations with Manny Machado leading a roster of fellow stars.
Machado is a six-time MLB All-Star and last season finished second in the MVP voting in the National League.
The Padres are yet to win a World Series, losing in their two visits in 1984 and in 1998, but now have genuine title aspirations with Machado committed alongside fellow stars Xander Bogaerts, Juan Soto, Yu Darvish and Josh Hader.