Rays sign Yunel Escobar to an extension through 2016

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We heard yesterday that the Rays and shortstop Yunel Escobar were having “serious discussions” about a contract extension and the team announced today that the deal is done.

Escobar will be guaranteed $13 million over the life of the deal, which covers 2015 and 2016 and carries a club option for 2017. His previous contract included a club option for 2015, so the new deal simply replaces the old one.

Escobar, 31, was acquired from the Marlins last winter and hit .256/.332/.336 with nine home runs and 56 RBI over 153 games in 2013. He’s highly-regarded for his defensive abilities.

Buster Posey likely to undergo season-ending hip surgery

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Giants catcher Buster Posey will likely undergo season-ending surgery on his ailing right hip, which has bothered him since May, John Shea of the San Francisco Chronicle reports. Executive VP of baseball operations Brian Sabean said it’s a “safe assumption” that Posey will go under the knife. The procedure would clean out bone spurs and address the labrum, which is the soft tissue around the hip socket.

Posey didn’t start Sunday’s game and went 1-for-6 on Monday against the Mets. He’s batting .286/.360/.386 with five home runs and 40 RBI in 439 plate appearances this season. It will go down as his least productive season among those in which he has appeared in 100 games.

Nick Hundley would take over full-time catching duties if Posey were to have his season cut short. Hundley has performed decently, hitting .247/.296/.452 with nine homers and 30 RBI in 199 PA.