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.