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Indians Sign Jason Kipnis To Six-Year Extension

The Cleveland Indians have signed All-Star second baseman Jason Kipnis to a new six-year, $52.5 million contract extension according to multiple reports.

The new deal includes a $1 million signing bonus and will pay Kipnis annual salaries of $2 million in 2014, $4 million in 2015, $6 million in 2016, $9 million in 2017, $13.5 million in 2018, and $14.5 million in 2019  and also includes a $16.5 million club option with a $2.5 million buyout for the 2020 season.

The contract buys out Kipnis’ final pre-arbitration year, three arbitration years, and first two free agent years, while the option would cover a third free agent year.

The 27-year-old Kipnis hit .284/.366/.452 with 36 doubles, 17 home runs, and 30 stolen bases for the¬†Tribe last season and was named to the American League’s All-Star team.