The Tampa Bay Rays have reached an agreement with right-hand pitcher Chris Archer, reports CBS Sports.
The contract is believed to be for six years and will be worth around $25 million to Archer and will start this season, running through to 2919. It also includes options for 2020 and 2021.
Archer, 25, finished third in the AL Rookie of the Year ballot after achieving a 3.47 ERA (110 ERA+) and a 2.69 K/BB ratio. In 29 outings (27 starts) he has a 46.3 per cent groundball rate, justifying his position on the podium for the rookie award.
He originally entered the major leagues in 2006 after being drafted by the Indians in the fifth round in 2006. Archer was then acquired by the Chicago Cubs in 2008 before ending up with the Rays as part of the Matt Garza deal in 2011.
The length of the deal means that Archer's arbitration years have been bought out as well as his first free agency year.
A two club option is also reported to be included in the deal.