[Update: 1:29 PM] Anybody still think the Rays could send Longoria back to Durham when Willy Aybar comes off the DL?
[Update: 1:20 PM] Bill Chastain has the details and they are a doozy. With options, it can be as long as 9-years (!) and as much as $44 million.
The salaries for the first six years of the agreement are guaranteed with the team holding a one-year option for 2014 season and a subsequent two-year option for the 2015 and 2016 seasons. The contract guarantees $17.5 million. If the Rays exercise both options, Longoria would earn more than $44 million over the life of the nine-year agreement.
Ken Rosenthal of Fox Sports is reporting that the Tampa Bay Rays have reached an agreement with Evan Longoria on a long-term contract.
The details of the contract are not yet known, but it is believed that the deal will be for six years in the $17 million range with option scenarios that will enable the Rays to buy out two years of Longoria’s free agency.
The contract, to be announced at 1 p.m. ET, also is expected to include escalators that will enable Longoria to add to his guaranteed money if he develops into a major star.
Well, that certainly takes the arbitration-clock out of play.