TODAY: Here’s the breakdown of Kiermaier’s extension, as per Marc Topkin. The center fielder receives a $1MM signing bonus, a $3MM salary in 2017 and then salaries of $5.5MM in 2018, $8MM in 2019, $10MM in 2020, $11.5MM in 2021, and $12MM in 2022. The Rays have a $13MM club option (with a $2.5MM buyout) on Kiermaier for 2023, though that figure can rise due to performance escalators. The Rays have called a press conference for Monday morning, when they are expected to officially announce Kiermaier’s new contract.
WEDNESDAY: The deal is believed to include at least one option year, Topkin tweets.