Rangers and Ian Kinsler agree to five-year, $75 million contract extension

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Ian Kinsler said last week that he was “disappointed” that a contract extension with the Rangers wouldn’t get done by Opening Day, but the two sides were apparently able to bridge the gap over the past couple of days.

According to Jeff Wilson of the Fort Worth Star-Telegram, the Rangers and Kinsler have agreed to a five-year extension with an option for a sixth year. An official announcement is expected Tuesday.

Kinsler himself confirmed reports of the deal and added that it’s worth $75 million guaranteed, $5 million of which is a buyout on the option year. The deal kicks in next season, replacing the option year on his existing contract, and will keep him with the club through 2017 and possibly 2018.

Kinsler’s new deal will have an AAV (average annual value) of $15 million per season, which tops Dan Uggla ($12.4 million) for the highest among second baseman. However, it falls just under Chase Utley’s seven-year, $85 million contract in total value.

Kinsler, a two-time All-Star, owns a .276/.356/.470 batting line in the big leagues. The 29-year-old appeared in a career-high 155 games last season while batting .255/.355/.477 with 32 homers, 77 RBI, 30 stolen bases and an .832 OPS.