Less than two weeks after saying he planned to become a free agent next offseason, Manny Machado committed his future to the San Diego Padres.

On Sunday, ESPN reported that Machado and the Padres agreed to a new 11-year, $350million contract that will run through the 2033 season.

The new deal will begin this season and replaces the six years and $180m Machado had remaining on the 10-year, $300m contract he signed with the Padres in 2019. It also contains a full no-trade clause and no opt-out opportunities, according to MLB.com.

Machado would have been able to opt out of his previous contract at the end of this season, and announced on February 17 he intended to do so after he and the Padres were unable to agree to an extension prior to a deadline imposed by the six-time All-Star's representatives.

The Padres have yet to officially announce the agreement, which is pending a physical, though Machado alluded to a deal being reached as he passed reporters while preparing for Sunday’s spring training game against the Arizona Diamondbacks.

"They believed in me since day one, and here we are," he said. "We’re going to, hopefully, make this our home. We're excited to be here for the rest of our careers and have this hat go into the Hall of Fame."

A career .282 hitter with 283 home runs over 11 major league seasons, Machado is coming off an excellent 2022 campaign where he finished second to St. Louis' Paul Goldchmidt for the National League’s Most Valuable Player award.

Machado finished the season fourth in the NL with a .298 batting average while producing 32 homers and 102 RBIs to help the Padres earn a playoff spot.

The 30-year-old homered four more times in 12 postseason games as San Diego ousted both the New York Mets and the top-seeded Los Angeles Dodgers to reach the NL Championship Series.

Machado previously won the NL's Silver Slugger Award for third basemen in 2020 and owns two Gold Glove awards. He broke into the majors as a 20-year-old with Baltimore in 2012 and spent six-plus seasons with the Orioles before being traded to the Dodgers in 2018. The Miami native signed with the Padres as a free agent the following offseason.