The Indians announced that they have signed Carlos Carrasco to a four year contract extension which takes him through the 2022 season. The deal will also include a vesting option for 2023. Earlier this offseason the Indians exercised their 2019 option on Carrasco, but that will now be a part of this new deal.
The deal will pay him the same $9.75 million his 2019 option had paid, will increase his now-torn-up 2020 option to $10.25 from $9.5 million and will pay him $12 million in both 2021 and 2022. The option for 2023 is worth $14 million and comes with a $3 million buyout.
Even with the new contract, Carrasco remains one of the biggest bargains in baseball following another excellent season for the Tribe. He went 17-10 with a 3.38 ERA and 231/43 K/BB ratio in 192 innings.
Cleveland intends to trade at least one of its front line starters, but now that Carrasco is under this team-friendly deal for several years, it’ll almost certainly be Trevor Bauer or Corey Kluber on the block.