The Indians reached an agreement with Encarnacion on a three-year deal worth $60 million, which includes a $5 million buyout. The pact also has a $25 million team option for the 2020 season, meaning the contract has a maximum value of $80 million over four years.
Once official, the deal to land Encarnacion will represent the largest contract given out by the Indians in terms of guaranteed dollars ($60 million). Cleveland gave Travis Hafner a four-year, $57 million extension in 2007 and signed free agent Nick Swisher to a four-year, $56 million deal prior to the '13 season.