Details for Corey Kluber’s five-year, $38.5M extension …

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FOX Sports’ Ken Rosenthal was first to report that the Indians had reached agreement on a five-year extension with ace starter Corey Kluber and now Rosenthal has the full details of the new deal …

Those escalators will be based on Kluber’s finishes in the American League Cy Young Award balloting. The 28-year-old righty won his first Cy Young in 2014 after posting a 2.44 ERA and 269 strikeouts in 235 2/3 innings.

Cleveland has also reached an extension with starter Carlos Carrasco. It too can top out at five years.