The White Sox have agreed to a four-year, $32.5MM extension with Alexei Ramirez, the team announced. The shortstop will receive $5MM in 2012, $7MM in 2013, $9.5MM in 2014 and $10MM in 2015. The club can choose between a $10MM option and a $1MM buyout for 2016. Ramirez still will earn a base salary of $2.75MM in 2011 as per the terms of his previous deal.
Ramirez is represented by Jaime Torres, who said his client would be "very willing to discuss" a multiyear extension in the wake of Chicago exercising Ramirez's 2011 option.
Ramirez, 29, hit .282/.313/.431 with 18 homers in 2010, earning his first Silver Slugger Award. The Cuban has hit 54 home runs in his three Major League seasons and showed some tremendous glovework last season, posting a +10.1 UZR/150 rating.
Jorge Ebro of the Nuevo Herald first reported the deal.