James Shields Close To Multiyear Deal

UPDATE, 1-23-08 at 4:49pm: If all of the Rays’ three one-year options on Shields are exercised, the deal could reach seven years and $44MM.  Certainly a unique deal.

UPDATE, 1-23-08 at 9:15am: Topkin says the deal could be worth more than $40MM over seven years with incentives.  $12MM and the first four seasons are guaranteed.

FROM 1-22-08 at 3:32pm:

According to Marc Topkin of the St. Petersburg Times, a six or seven-year extension for starter James Shields should be done tonight.  Topkin notes that it’s odd for a young pitcher with two years of service time to get such a long deal.  The Rays must really love him. 

His ’07 season was very impressive.  At age 25 he threw 215 innings in the toughest division in baseball and posted a 3.85 ERA with a 5.1 K/BB ratio.  That’s not something you see every day.

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