Wade Davis and the Rays have agreed to a contract extension that will keep the right-handed pitcher with the team through at least 2014. The Rays have team options for 2015-17.
The contract is worth $12.6 million guaranteed with a maximum value of $35.1 million. The team options cover Davis' final arbitration year and his first two years of free agency.
Davis, 25, was 12-10 with a 4.07 ERA last year and finished fourth in AL Rookie of the Year voting. He was with the Biscuits in 2007-08.