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Indians, Carlos Carrasco agree to contract extension through 2022

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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.

Brewers sign Freddy Peralta to a multi-year deal

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Ken Rosenthal reports that the Milwaukee Brewers have agreed to a five-year $15.5 million deal with pitcher Freddy Peralta. There are two club options as well, which would nearly double the overall value of the contract if exercised.

Peralta, who turns 24 in June, has amazing stuff. He has struggled so far, having posted a 4.79 ERA in 163.1 major league innings across two seasons, but people who follow him closely believe that he’s primed for a breakthrough. For now he’s a reliever — he’ll likely be a multi-inning fireman for the 2020 season — but he has was mostly a starter in his rookie year before assuming swingman duties last season. He could become one again if things break right in his development. Sort of a Brandon Woodruff track.

If that happens the Brewers will, quite obviously, have a bargain on their hands. If not, at least Peralta has some security on his.