Manny Machado isn't going anywhere.

The third baseman reportedly agreed to an 11-year, $350 million contract extension with San Diego Padres, according to ESPN's Jeff Passan. Machado signed a 10-year, $300 million contract with San Diego in 2019 but told reporters Friday that he planned to opt out of the final five years of that deal.

Now, Machado, 30, will stick around for a while. There are reportedly no opt-outs in this new deal, per The Athletic's Dennis Lin, as well as a no-trade clause.

This is a huge boon for the Padres, who will try to make another championship run with Machado, Juan Soto, free-agent shortstop Xander Bogaerts and Fernando Tatis Jr., who will return from suspension April 20. The Padres are tied for the fifth-best MLB futures odds to win the World Series at +1000, per BetMGM.

Machado has been great for San Diego since he signed with the club. He has a slash line of .280/.352/.504 the past four seasons, made the All-Star roster the past two seasons and finished second in National League MVP voting behind winner Paul Goldschmidt last season.