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Indians Sign Corey Kluber To 5 Year $38.5 Million Extension

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  • Indians Sign Corey Kluber To 5 Year $38.5 Million Extension

    Cleveland Indians give Corey Kluber 5-year extension

    The Cleveland Indians have agreed with 2014 American League Cy Young Award winner Corey Kluber to a guaranteed five-year extension pending a physical exam, a baseball source told ESPN.com on Saturday.

    The deal includes two option years.

    Kluber, 28, enjoyed a major breakthrough in 2014, posting an 18-9 record with a 2.44 ERA and 269 strikeouts. He overtook Seattle's Felix Hernandez in the Cy Young race down the stretch and joined Gaylord Perry, CC Sabathia and Cliff Lee as the fourth Indians pitcher to win the award.

    Kluber broke into professional ball as a fourth-round draft pick with San Diego in 2007. The Indians acquired him in July 2010 in a three-way trade with the Padres and St. Louis Cardinals.

    Kluber, who has only two years of major-league service time, agreed to a $601,000 contract with the Indians in mid-March. He was the last player on Cleveland's 40-man roster to agree to terms.

    The Cleveland Plain Dealer reported progress in Kluber's talks with the Indians earlier Saturday, and Foxsports.com was first to report that Kluber was close to an agreement with the club.

  • #2
    Per ESPN.

    The deal is worth $38.5 million, and the option years are for $13.5 million and $14 million, a source told ESPN. The deal also also includes escalators based on Cy Young Award finishes from 2015-18 that could increase Kluber's salary in subsequent years and could potentially make his new deal worth $77 million.

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