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Royals, Perez agree on 5-year contract extension

SURPRISE, Ariz. -- The Royals have agreed to a contract extension with catcher Salvador Perez that will keep him through the 2021 season, the club announced.

The deal, according to Jesse Sanchez of MLB.com, is a five-year extension worth $52.5 million.

The deal, which picks up the club options for three years starting in 2017, adds two more years after that. It also comes with a $6 million signing bonus.

Royals general manager Dayton Moore is expected to address the extension later this morning.

Jeffrey Flanagan is a reporter for MLB.