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.
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.
Sources: #Rays agree to six-year extension with RHP Chris Archer in range of $25M. Deal begins this season and includes two club options. — Ken Rosenthal (@Ken_Rosenthal) April 2, 2014