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Rays hold press conference to announce Kevin Kiermaier contract extension

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Tampa Bay Rays Photo Day Photo by Elsa/Getty Images

The Rays will make a big announcement via their Facebook live page.

It’s been reported that Kevin Kiermaier has reached an agreement to a 6 year $53.5MM guaranteed contract extension with a team option.

Live from Port Charlotte: Kiermaier announcement

Posted by Tampa Bay Rays on Monday, March 20, 2017

Marc Topkin reports the salary breakdown as:

Signing bonus: $1,000,000

2017: $3,000,000

2018: $5,500,000

2019: $8,000,000

2020: $10,000,000

2021: $11,500,000

2022: $12,000,000

2023: $13,000,000 ($2,500,000 buyout) with escalators.

Kiermaier locks up a significant amount of money and the Tampa Bay Rays lock up one of their most important players. We will update as the press conference continues.