What happened: Right-hander Chase Burns and the Cincinnati Reds are in agreement on a seven-year, $105 million contract, sources tell ESPN's Jeff Passan. The 23-year-old made his first All-Star team this season. The deal carries no club options and runs through 2033.
Why it matters: Cincinnati locks up one of the best young pitchers in baseball well before he would have reached free agency. The extension follows closely on the heels of Burns' first All-Star Game selection, cementing him as a long-term rotation piece for the Reds.
By the numbers: The seven-year, $105 million deal averages $15 million annually for the 23-year-old right-hander.
What to watch: Formal terms, including any bonus structures, are expected once the deal is finalized.