Fernando Tatis Jr. is getting big-time money. Tim Heitman-USA TODAY Sports

Fernando Tatis Jr. is getting big-time money.

Tatis and the San Diego Padres have agreed to a long-term contract extension. The Athletic’s Dennis Lin, who first reported the news, says the contract is for 14 years and worth $340 million guaranteed.

Tatis is only 22 and just completed his second season in MLB, albeit a shortened one. Despite his youth and limited experience, he has already proved he is a star player.

As a rookie in 2019, Tatis batted .317/.379/.590 with a .969 OPS in 84 games. The young shortstop had a .937 OPS with 17 home runs in 59 games in 2020.

The Padres had the second-best record in the National League last year behind the Dodgers. They lost to the Dodgers in the NLDS as well.

San Diego is emerging as a contender. Tatis and Manny Machado anchor the left side of the infield and the middle of the offense. They are buttressed by veterans Wil Myers, Eric Hosmer and Tommy Pham.

The Padres long had interest in locking up Tatis for the long term and have executed on that desire. Being able to keep a franchise cornerstone like Tatis is a big deal.

More must-reads:

TODAY'S BEST
Talks between Cowboys, WR CeeDee Lamb expected to pick up
Orioles to promote versatile prospect
Team Penske exec says team 'never lost faith' in Austin Cindric amid winless streak
Former All-Star feels Stephen Curry is 'not a generational talent'
Vikings, Justin Jefferson shatter record with historic contract extension
First ever 'Cosmic Baseball' game was unbelievably awesome
Draymond Green thinks Fever need 'an enforcer' to protect Caitlin Clark
Giants reportedly expecting standout TE to retire
Celtics could add highly respected coach as Charles Lee replacement
Knicks expected to extend Tom Thibodeau
Luka Doncic trying to replicate a feat not achieved since 2000
The time needs to be now for Connor McDavid, Oilers to win Stanley Cup
Watch: Austin Cindric wins at Gateway after Ryan Blaney runs out of fuel on final lap
White Sox's Tommy Pham voices frustrations in profane interview
Eye-popping stat highlights Iga Swiatek's dominance in fourth round of French Open
Luka Doncic calls Mavericks' jump from NBA Draft Lottery to 2024 NBA Finals 'insane'
Yankees' Aaron Boone reveals rehab assignment date for ace pitcher
WNBA upgrades hard foul on Caitlin Clark to a Flagrant 1
Steelers could ‘get a little weird’ with usage of Justin Fields, says insider
Dustin Poirier teases retirement following his loss to Islam Makhachev at UFC 302

Want more sports news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.