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Report: Elvis Andrus, Rangers agree to $120 million contract extension

The Texas Rangers and shortstop Elvis Andrus have agreed to an eight-year, $120 million contract extension, reports CBSSports.com's Jon Heyman.

The 24-year-old Andrus is now owed $131 million over the next 10 seasons, including the money left on his current deal.

[SI's Complete Team-By-Team MLB Season Preview]

Andrus is considered one of the top young shortstops in baseball. He was an All-Star last season, when he hit .286 with 31 doubles.

But the investment is heavy for a player with a career .275 batting average and only 14 home runs in four seasons. The Rangers are betting that Andrus will continue to grow offensively.

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