Update: Angels and Mike Trout agree on six-year, $144.5 million contract extension

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MLB.com’s Alden Gonzalez is reporting that the Angels and outfielder Mike Trout are close to finalizing a contract extension worth $144.5 million over six years. [Update: The Angels official Twitter confirms the deal. The team will make an announcement on Saturday.]

Trout is currently eligible for arbitration for the first time after the season, so the extension would cover all three arbitration years and the first three years of free agency.

Trout was the runner-up in AL MVP balloting in each of the last two seasons, losing both times to Miguel Cabrera of the Tigers. Cabrera made headlines yesterday when he agreed to a ten-year deal worth $292 million, with eight years and $248 million of it being new.

The average annual value of Trout’s reported extension, in excess of $24 million, doesn’t touch Cabrera’s AAV of $31 million.

Report: Pirates sign Felipe Rivero to four-year contract extension

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Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.

Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.

Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.

Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”