In a surprising and significant move, the Rays have extended the contract of 3B Evan Longoria an additional six years through the 2022 season, for an additional $100-million.
According to the team release, Longoria's new contract incorporates the salaries for 2013 through 2016 from his original contract and extends six more years through 2022 for an additional $100 million. The deal also includes a club option for 2023.
Longoria was signed through this coming season, at a salary of $6-million, and the Rays held options for 2014 at $7.5-million, 2015 at $11-million and 2016 at $11.5-million. The six-year extension is worth $100-million, for an annual average value $16.6-million, and there is an option for 2023.
Longoria's salaries in the new deal step up from $13-million in 2017 to around $20-million in 2022.
Longoria posted this reaction on his Twitter account:
"Today is a proud day for myself, my family, and my extended Rays family. Happy to call TB my home for the long haul! #GoRays #162strong''
Per team policy, the deal does not include any no-trade provision, but it may include a re-assignment bonus, which would be paid (most likely by the acquiring team) if he was dealt.
Longoria will donate more than $1-million to the Rays Baseball Foundation.
There will be a press conference later today. Some quotes from the team release:
"We drafted Evan in 2006 with the belief that he and the organization would grow with each other and together accomplish great things," said Rays Principal Owner Stuart Sternberg. "That is why the Rays and Evan signed a long-term contract in 2008, and it is why we are extending our commitments today. Evan has clearly become a cornerstone player and a fixture in our organization. We are proud of what we have accomplished these past seven years, and I expect the best is yet to come."
Tampa Bay Rays extend Evan Longoria deal through 2022 for $100M
Tampa Bay Times | Nov 26