Chris Archer[Update] The Rays have officially announced the extension.

The deal can be worth up to $43.75 million according to the team.

[Earlier] he Rays will announce later today that they have signed Chris Archer to a 6-year extension according to Ken Rosenthal of FoxSports.com.

Marc Topkin reports the deal is worth $25.5 million.

The deal also includes two options years worth $9 million and $11 million according to Jerry Crasnick of ESPN.com. Those options would bring the total value of the deal to $45.5 million.

The options also mean the Rays can keep Archer through the 2021 season, buying out a total of two free agent seasons. If the options are exercised, Archer would not become a free agent until he is 33.

Jeff Passan of Yahoo.com adds that there is a “trade assignment bonus” in the contract meaning Archer would receive a bonus if traded by the Rays.

 
 

15 Comments

  1. zenny says:

    He looks happy about it, imo.

    Good deal for the Rays, though they’re really stretching the budget. Sadly, it looks more and more like Price will be traded after all, or at least won’t be signed to anything long-term.

    • Beth says:

      Did you think that a Price long term deal was anywhere on the horizon? The only way they sign Price long term is if he has some crippling injury that destroys his market value. Not, of course, something that is in anyone’s interest.

  2. AJNO says:

    just amazing that 10 years ago, a 25MM deal would be condisered a HUGE contract. now, its considered a “deal”. 7 yrs from now, $11MM will be a STEAL…

  3. Geoff Peterson says:

    Good deal for both sides. If they can get a stadium agreement in place by this winter, they might be able to keep Price given the windfall from a new TV contract. TV is where a lot of the money is coming from anyway, attendance is less important than it used to be.

  4. Rob says:

    This has no impact on Price. The Rays can’t spend $25-30m per year on one pitcher. Signing or not signing Archer doesn’t change that.

    • Dave L says:

      Exactly.

      If someone decides to vastly overpay Price, which they usually do for the top tier FA’s, it doesnt matter how much revenue we have. Think Robby Cano.

      Nobody is worth more than they are worth. Rays only lock up guys long term who have no other suitors to bid them up.

  5. ken says:

    Happy for Archer. Hope he lives up to expectations. Like to see them lock up Cobber and Myers next. Senseless to conjecture about Price. What will be will be.

  6. Dean says:

    Good for Chris, better for the Rays.

  7. Dave L says:

    According to your 40 man chart Cork, Archer was set to be a free agent in 2019 so this accounts for the 5 years of control and puts a number on the 3 years of arbitration and adds 1 additional year of Archer + the two options years ’20 and ’21, correct?

    Like Ajno says the main story is the option years which seem very reasonable for the Rays.

  8. Geoff Peterson says:

    This signing has no impact on Price but a new stadium deal (with the resulting luxury box money) and a huge new TV contract (which is expected given their ratings) could certainly affect Price’s status as I said.

    • Rob says:

      I perhaps mistakenly inferred that Price coming up as a topic on an unrelated article about Archer’s signing meant that the signing could somehow, one way or the other, influence the ability to sign Price.

      Even with a new TV deal and a potential new stadium, I still don’t see the Rays being able to afford Price.

    • Dave L says:

      Sure it does in a static world.

      The rising revenue tide doesn’t just lift boats in Tampa Bay. The tide also rises in SF Bay, Biscayne Bay and even Dallas and KC Bays.

      We aren’t the only ones with more money.

  9. Brianknowsbest says:

    more importantly than the price question, is can we get a similar deal done for cobb?

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