Rays Finalize Multiyear Extension for Prominent Starter

The Tampa Bay Rays are reportedly finalizing a multiyear contract extension with right-hander Drew Rasmussen, reports Marc Topkin of the Tampa Bay Times. Rasmussen’s agency, Beverly Hills Sports Council confirmed that it’s a two-year, $8.5 million contract with an option for a third year that can take the deal to $28 million. The deal includes a $500,000 signing bonus, a $2 million salary for 2025, $5.5 million in 2026 and an $8 million club option for 2027. That could escalate to as much as $20 million based on performance incentives. If the option is declined, Rasmussen will receive the $500,000 buyout.

The extension solidifies Rasmussen’s role in Tampa Bay’s starting rotation while offering financial security and potential upside for both parties.

Rays, Drew Rasmussen Agree to Two-Year Extension

Since joining the Rays in 2021, Rasmussen has been a key contributor to the pitching staff. Initially used as a reliever, he transitioned to a starting role in 2022, showcasing his ability to handle increased workloads. Over his time with the Rays, Rasmussen has posted a 2.98 ERA across 44 starts, establishing himself as one of the team’s most reliable arms.