Thursday, March 31, 2011

Rays, Davis agree on seven-year deal

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.

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