Chris Mascaro
Wednesday April 2nd, 2014

Chris Archer (Stacy Revere/Getty Images) Chris Archer finished third in American League Rookie of the Year voting last season. (Stacy Revere/Getty Images)

One of the top young pitchers in baseball will be under the Rays' control until 2021, as Chris Archer signed a six-year extension on Wednesday, according to Fox Sports' Ken Rosenthal.

The deal for the 25-year-old starter runs through 2019, but the team holds options for 2020 and 2021, according to Rosenthal. The team hasn't confirmed the deal but has scheduled a press conference for noon ET at Tropicana Field.

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The deal is reportedly worth $25 million, with the club options totaling another $20 million, meaning the deal could land Archer $45 million over eight years, according to Jeff Passan of Yahoo Sports.

In his first full season in the majors last year, Archer, a fifth-round draft pick of the Indians in 2006, went 9-7 with a 3.22 ERA in 23 starts. He struck out 101 and walked 38 in 128 2/3 innings, with a 1.13 WHIP.

His first start of 2014 is scheduled for Thursday night at home against the Blue Jays.

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