Odor is entering his fourth season with the Rangers. He has 2.121 years of service time and was not eligible for arbitration this offseason. He has already agreed to a $563,180 contract for 2017.
Odor played in 150 games for the Rangers last season and hit .271 with 33 home runs, 88 RBIs, a .296 on-base percentage and a .502 slugging percentage. Defensively, he had the lowest fielding percentage among American League second basemen but also the most double plays.
Odor is the second Rangers player to receive a contract extension this spring. The club announced a one-year extension with backup catcher Robinson Chirinos last week.