Phil Hughes signs a three-year extension with the Twins

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Mark Feinsand of the New York Daily News reports that Phil Hughes has agreed to a three-year, $42 million extension with the Twins.

Already under contract through 2016, he will get a raise for the next two seasons on top of the three-year extension. He was scheduled to earn $8 million in 2015 and 2016 but now he will earn $9.2 million in each of the next two seasons. Then he will make $13.2 million in each of the three seasons between 2017-19.

Hughes was excellent for the Twins in 2014, going 16-10 with a 3.52 ERA and putting up an eye-popping K/BB ratio of 182/16 in 202.2 innings. This after a terrible 2013 in New York that had many questioning whether he’d fulfill the potential he showed earlier in his career.

Fulfill it he has, and now he’ll be paid nicely for it. And, if he continues to pitch like he did this past season, the Twins will have a nice bargain on their hands.