Rays Extend Tyler Glasnow Through 2024

1:42pm: The Rays announced the contract. Glasnow will earn $5.35MM in 2023, his final season of arbitration eligibility, and a hefty $25MM in 2024, ESPN’s Jeff Passan reports. There are “significant” bonuses available based on Cy Young finishes over the next two seasons, Ken Rosenthal of The Athletic adds.

1:33pm: The Rays are set to announce a contract extension with right-hander Tyler Glasnow that will run through the 2024 season, Marc Topkin of the Tampa Bay Times reports (Twitter link). Glasnow, a Wasserman client, is currently wrapping up his rehab from 2021 Tommy John surgery and was previously controlled only through the 2023 season.

Prior to surgery, the now-29-year-old Glasnow looked well on his way to establishing himself as one of the sport’s most dominant arms. Long a top prospect in the Pirates organization, Glasnow was infamously traded to the Rays, alongside Austin Meadows and Shane Baz, in exchange for Chris Archer — one of the most lopsided deals in recent memory.

Glasnow broke out with Tampa Bay almost immediately, pitching to a 1.78 ERA in 60 2/3 innings in the year following the trade. He’s spent parts of four seasons with Tampa Bay — 2018-21 — and posted a combined 3.10 ERA and 3.19 FIP with 34.3% strikeout rate against a 7.9% walk rate.

More to come.

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