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Tampa Bay Rays sign Blake Snell to five year, $50 million deal

The Tampa Bay Rays have reportedly reached a contract extension with the reigning American League Cy Young, Blake Snell.

Per a report from Marc Topkin, the Rays and Blake Snell have agreed to a five year contract extension that will pay Snell $50M over the life of the deal. Jeff Passan reports that there are no options involved in the contract.

BREAKING: #Rays sign Cy Young winner Blake Snell to 5-year, $50 million guaranteed contract. Starts this year, includes all of arbitration and first of his free-agent years.

— Marc Topkin (@TBTimes_Rays) March 21, 2019

Snell was taken 52nd overall in the Rays infamous 2011 draft and at one time was one of the top prospects in all of baseball, peaking at 12th overall by Baseball America following a breakout 2015 campaign.