The Presidential Daily Brief

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    Manny Machado Agrees to Record Free Agent Contract

    Show him the money. The 26-year-old will reportedly ink a 10-year, $300 million deal with the San Diego Padres — the most expensive free agent deal ever in American sports. The signing of the four-time All-Star, who hit more than 30 home runs in each of the past four seasons, immediately improved the Padres’ odds of winning the World Series from 80-1 to 50-1.

    Is free agency a young man’s game? Observers believe Machado’s price tag represents the value teams place on young guns compared to players in their 30s.

    Read this OZY analysis of why lowering the pitcher’s mound wouldn’t matter.

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