The Baltimore Orioles have an opportunity to lock up Machado at a decent price if they choose to. He is not due for free agency until after the 2018 season, but locking him up in the next year or so could be the most beneficial thing for the team to do. Machado is first-year arbitration-eligible, and if he continues to progress his paycheck could get quite hefty.
Machado blossomed last year, hitting 35 homers while driving in 86 runs. The two-time All-Star and two-time Gold Glove winner is only 23 and has unlimited potential. In his 1,818 career at-bats, he has a .281 batting average and 68 home runs with 215 RBIs. Machado is the future of the Orioles, and they will likely pursue an extension with him at some point in the next season or two.
Being that he is so young, Machado could easily get a $120-million contract in the five- to six-year range. There is no real rush for the Orioles to give him an extension at this point other than keeping him happy. There will be a point when he and his representatives ask for an extension and frankly the longer you wait, the more you will pay.