Royals, Ragans agree to 3-year extension reportedly worth $13.25M
The Kansas City Royals signed left-hander Cole Ragans to a three-year, contract extension, the club announced Friday.
The agreement buys out two of Ragans' arbitration years. He was scheduled to make $800,000 this season.
The deal worth at least $13.25 million will pay Ragans $1 million this season with a $250,000 signing bonus, $4.5 million in 2026, and $7.5 million in 2027, a source told MLB.com's Mark Feinsand. His 2027 salary will increase to $8 million if he wins Cy Young in either of the next two seasons.
Ragans has emerged as the ace of Kansas City's staff after he was acquired from the Texas Rangers for Aroldis Chapman in June 2023.
The 27-year-old southpaw made his first All-Star Game in 2024. Ragans posted an 11-9 record with a 3.14 ERA and 223 strikeouts across 186 1/3 innings.
He has registered a 3.00 ERA, a 2.85 FIP, and 10.9 K/9 in 44 starts with the Royals over the past two seasons.