2:06pm: Hanigan will get $2.75MM in 2014, $3.5MM in 2015, $3.7MM in 2016, and a club option worth $3.75MM in '17 with a $800K buyout, according to Marc Topkin of the Tampa Bay Times (via Twitter).
1:37pm: USA Today's Bob Nightengale tweets that Hanigan's contract is worth $10.75MM and contains a fourth-year club option that could push the deal to $13.7MM in total value.
1:34pm: The Rays have agreed to a three-year extension with newly acquired catcher Ryan Hanigan, according to ESPN's Buster Olney (on Twitter). The Tom O'Connell client will be guaranteed $11MM over the life of the deal, per Olney.
Hanigan, 33, came to the Rays in a three-team deal involving the Reds and White Sox. The veteran is coming off of the worst offensive year in his career as he slashed just .198/.306/.261 with a career-low tying two homers. Hanigan offers Tampa Bay quality defensive play behind the plate as well as a disciplined approach at the plate, characteristics that Rays Executive Vice President of Baseball Operations and GM Andrew Friedman certainly appreciates.
Hanigan led the league in caught-stealing percentage in 2013 (45 percent) and 2012 (48 percent). His 40 percent career mark is about 12 percentage points higher than the league average, which tends to be around 28 percent. For his career, Hanigan owns a .262/.359/.343 over seven seasons, all of which were spent with the Reds.
Zach Links contributed to this post.