Matt Kemp Officially Signs $160 Million Contract Extension

The Dodgers have officially announced an eight-year, $160 million contract extension with outfielder Matt Kemp at a news conference at Dodgers Stadium today, according to MLB.com.

"Congrats to @TheRealMattKemp on your new contract! We're excited to keep you in Dodger blue for the next 8 years!" The team tweeted from its official Twitter account this afternoon.

The contract is the largest-ever signed by the Dodgers, according to MLB.com. The team’s previous largest deal came in 1998 when they made Kevin Brown the highest paid player in baseball history at the time with a seven-year $105 million deal.

In his best season-to-date, the 27-year-old hit .324/.399/.586 and led the league with both 39 home runs and 126 RBI. He also stole 40 bases, falling just one home run shy of joining the elite 40 stolen base and 40 home run club.