6:10pm: The deal is worth $37.5MM over four years with a player option for 2016 at $12.5MM, tweets Bob Dutton of the Kansas City Star. Gordon will earn $6MM for 2012, $9MM for 2013, $10MM for 2014, and $12.5MM for 2015, Dutton tweets.
5:40pm: The Royals announced that they have reached a contract extension with leftfielder Alex Gordon. The contract includes four guaranteed years through the 2015 season with a player option for 2016. The Excel Sports Management client would have been eligible for free agency after the 2013 season.
Its been a busy spring for General Manager Dayton Moore who signed off on a five-year, $7MM extension for Salvador Perez and a new deal for Alcides Escobar who could earn up to $21.75MM through 2017. Eric Hosmer could also be an extension candidate but earlier this week the first baseman said that he is in no rush to sign a multi-year deal.
Terms of the deal have not yet been disclosed but Gordon could potentially hold the richest deal in club history. To date, the largest deal in Kansas City's history has been $55MM, the amount given to both Gil Meche and Mike Sweeney.
Gordon, 28, hit .303/.376/.502 with 23 homers in 690 plate appearances in 2011. Last season marked Gordon's first as a full-time outfielder.