Rays re-sign James Loney for three years, $21 million

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Now that the first base market has shaken out a bit the Rays have re-signed James Loney to a three-year, $21 million contract, according to Ken Rosenthal of FOXSports.com.

Loney was hardly a sought-after free agent last offseason, signing a one-year, $2 million deal with Tampa Bay. He got off to a hot start for the Rays before coming back down to earth, finishing with a .299 batting average, 13 homers, and a .778 OPS in 158 games overall.

Toss in good defense and he was a very solid all-around player, but the amount of reported interested Loney has received is surprising. He hasn’t topped an .800 OPS since 2007 and has never hit more than 15 homers in a season. And now he gets a big payday at age 29.