Rays strike long-term deal with Archer, 8 years and $45.5M with options
UPDATE, 10:17: The Times has confirmed that the Rays have struck a long-term deal with Archer, six years (starting 2014) guaranteed for $25.5-million and, with options for 2020-21, it could be worth $45.5-million.
The options are worth around $9-million and $11-million.
The first six years of the deal cover his pre-arbitration and arb seasons and the options cover his first two years of free agency.
The deal is similar to what the Rays gave Matt Moore after the 2011 season, a deal that with options could run 8 years for around $40-million.
DEVELOPING: The Rays say they're planning "a baseball announcement" for noon today at the Trop, providing no further details.
An educated guess would be to expect a long term contract for pitcher Chris Archer. FoxSports.com's Ken Rosenthal tweeted Wednesday morning that the Rays and Archer reached agreement on a six-year deal for around $25 million including options for 2020 and '21. "Technically," he tweeted, "it is a new contract, not an extension."
If not Archer, then who? None of other possibilities — Wil Myers, Joe Maddon, Alex Cobb, Desmond Jennings — seem especially likely.