St. Petersburg, FL, United States (4E Sports) – The Tampa Bay Rays have signed pitcher Chris Archer to a six-year contract extension with two club option years.
According to the team, the deal is worth $25.5 million guaranteed. The two option years will pay Archer about $9 million and $11 million, with the total contract maxing out at $43.75 million for all eight seasons.
“For any kid who’s been told in life you can’t do something in life: You can. I’m living proof of that,” said Archer, who went to Tampa Bay from the Cubs in December 2011 as part of an eight-player trade that sent Matt Garza to Chicago.
The 25-year-old right-hander was 9-7 with a 3.22 ERA and 101 strikeouts in 23 starts last season and finished third in American League Rookie of the Year balloting behind teammate Wil Myers and Detroit shortstop Jose Iglesias.
Archer is the second member of Tampa Bay’s young rotation to sign a long-term contract extension that buys out his remaining salary arbitration years and several years of free agency.
In December 2011, Matt Moore agreed to a guaranteed five-year, $14 million contract that could extend to eight years and about $40 million if the Rays exercise their three option years.
“When we make a long-term commitment to a player, we look not only at his talent but also his intangibles,” Andrew Friedman, Rays vice president of baseball operations, said in a statement.
“There’s no question Chris has the talent to develop into a top-of-the-rotation starter, and he has the drive and character to realize that potential. We are very pleased to solidify his place as one of our core players for years to come,” he added.