and the San Diego Padres have agreed to a record-breaking 14-year, $340 million long-term contract extension, Kevin Acee of the San Diego Union-Tribune and Fansided's Robert Murray reports.

"The best benchmark at this service-time level is Alex Bregman, who signed a six-year extension worth $100.6 million with the Astros in March 2019.

A six-year deal would buy out Tatis' four remaining years of team control plus two free agent years, and allow him to become a free agent at age 27.

That contract values Bregman's free agent years at $30.5 million apiece

It's very possible Tatis could receive a $400 million extension in the not-too-distant future."

Tatis' $340 million extension once finalized will become the largest in Padres' franchise history, breaking the record set by Tatis' fellow member of the left side of the infield Manny Machado ($300 million)

At 14 years, Tatis' extension is the longest contract, which breaks the record of 13 years shared by Giancarlo Stanton and Bryce Harper. 

Coming off a 2020 season in which they made the postseason and logged the highest win percentage in team history, the Padres are positioned to contend for years to come -- with Tatis, his star power, and his MVP upside helming those efforts every step of the way