Rangers sign Martin Perez to contract through 2020

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Martin Perez’s rookie season impressed the Rangers enough that they’ve signed the 22-year-old left-hander to a long-term contract.

Jeff Wilson of the Fort Worth Star Telegram reports that it’s a four-year deal worth $12.5 million in guaranteed money that also includes team options for 2018, 2019, and 2020. Perez was already under team control through 2018 anyway, so this pre-pays for the rest of his minimum-salaried and arbitration-eligible seasons while also giving the Rangers the ability to delay his free agency by two additional years.

It’s a lengthy commitment to a 22-year-old pitcher with all of 162 innings in the majors and Perez’s strikeout rate has been underwhelming since reaching Triple-A, but he’s long been considered one of the best pitching prospects in baseball and posted a 3.62 ERA in 20 starts as a rookie.

Report: Rangers sign Jordan Lyles to two-year, $16 million deal

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The Athletic’s Ken Rosenthal reports that the Rangers and pitcher Jordan Lyles have agreed to a contract. ESPN’s Jeff Passan provided the details, reporting that it is a two-year, $16 million deal.

Lyles, 29, split last season between the Pirates and Brewers, performing much better with the latter. Overall, he compiled a 4.15 ERA with a 146 strikeouts and 55 walks across 141 innings. It was a return to full-time starting for Lyles, who had performed mostly as a reliever from 2016-18.

The Rangers also inked Kyle Gibson to a three-year, $30 million contract last week. Gibson and Lyles will join a rotation that also includes Mike Minor and Lance Lynn as well as youngster Kolby Allard.