The Rays and Wade Davis have agreend on a new seven-year contract. The first four years of the agreements are guaranteed for $12.6M and the club controls the final three years as team options that total up to $22.5M.
Davis will donated a portion of his contract to the Rays Baseball Foundation and in doing so, joins teammates Evan Longoria, James Shields, Kelly Shoppach, and Ben Zobrist as Rays with multi-year deals that donate to RBF.
The deal is friendly for both parties as it gives the young Davis guaranteed money for the next four years while allowing both the Rays and Davis to bypass the arbitration process which can be a harrowing time for both sides. Additionally, the Rays have delayed Davis’ eligibility for free agency by up to two years if they exercise the final two years of this deal. The deal is very similar to the one the Rays signed with James Shields back in 2006 that has allowed the club continue to own his rights through this season and possibly through the 2012 season as well.