Carlos Pena Signs Three-Year Deal

According to Marc Topkin of the St. Petersburg Times, Carlos Pena has signed a three year deal worth about $24MM.  The deal buys out one year of free agency.

If the amount is accurate, the Rays have a serious bargain on their hands.  I was guessing this would cost $36MM.  Despite all the concerns about Pena’s Boras representation, he’s staying in Tampa Bay through 2010.