Indians, Corey Kluber agree on a five-year contract extension

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Update #2 (8:49 PM EST): Jon Heyman of CBS Sports reports that the deal is done pending a physical.

Update (8:17 PM EST): Jeff Passan of Yahoo Sports reports that Kluber’s deal will be for five years and include two club options.

Ken Rosenthal of FOX Sports is reporting that the Indians and starter Corey Kluber are close to an agreement on a contract extension. Rosenthal says that the deal is expected to be made official by Opening Day.

Kluber, who turns 29 on April 10, broke out with a 2.44 ERA and a 269/51 K/BB ratio in 235 2/3 innings en route to winning the American League Cy Young Award last season. He’s slated to oppose Astros starter Dallas Keuchel on Opening Day on Monday.

Rosenthal also notes that the Indians are discussing an extension with Carlos Carrasco. He also broke out last season, finshing with a 2.55 ERA and a 140/29 K/BB ratio in 134 innings.

Gallegos agrees to 2-year, $11M contract with Cardinals

Atlanta Braves v St. Louis Cardinals
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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.