Rangers lefty Matt Harrison signs 5-year, $55 million extension

Rangers pitcher Matt Harrison signed a 5-year, $55 million extension on Wednesday. (Ezra Shaw/Getty Images)

The Texas Rangers signed left-handed pitcher Matt Harrison to a five-year, $55 million contract extension Wednesday night, reports the Dallas Morning News.

The deal, which is to be announced Thursday, also includes an option for the 2018 season. Harrison, 27, was in his second year of arbitration eligibility and the new deal buys out three years worth of free agency.

Over the last two seasons, Harrison is 32-20 with a 3.34 ERA in 399 regular-season innings. In addition, his 3.85 Fielding-Independent Pitching (FIP), which tries to measure those aspects of a game in which a pitcher has total control of his outcome such as walks, strikeouts and home runs, was the best among Rangers starters and 15th among 44 AL qualifiers.

“We’re still talking,” Harrison said last weekend. “We’re excited about the possibility of a long-term deal, but we still have thinking and talking to do.”