CLEVELAND >> Right-hander Tanner Bibee has signed a $48 million, five-year contract with the Cleveland Guardians, a deal that includes a team option for 2030 and could be worth $68 million over six seasons.

Bibee will get his first opening-day assignment on Thursday at Kansas City. He went 12-8 with a 3.47 ERA last season, finishing with 12 quality starts in 31 outings and 187 strikeouts in 173 2/3 innings.

The 26-year-old California native was 0-1 with a 3.45 ERA in four postseason starts last year.

He gets a $2 million signing bonus and salaries of $3 million in 2025, $4 million in 2026, $7 million in 2027, $10 million in 2028 and $21 million in 2029. Cleveland’s 2030 option is for $21 million with a $1 million buyout.

His 2029 salary and the option can escalate by up to $4 million based on Cy Young Award voting from 2025-28. The buyout can increase by an additional $2 million based on Cy Young voting.

Bibee’s deal supersedes a one-year contract agreed to March 8 that called for an $812,000 salary in the major leagues and $372,900 in the minors. He would have been eligible for arbitration after each of the next three seasons and for free agency following the 2028 World Series.

Bibee had 10 wins during his rookie season in 2023 and was second in AL Rookie of the Year voting. He is the third Cleveland pitcher since 2000 with at least 10 wins in each of his first two seasons in the big leagues. Hall of Famer CC Sabathia (2001-02) and Shane Bieber (2018-19) are the others.

Cleveland selected Bibee in the fifth round of the 2021 amateur draft. He will anchor a young rotation this season that will be missing Bieber for at least the first half as he continues to work his way back from Tommy John surgery on his right elbow.

Carlos Carrasco lands major league contract with Yankees following strong showing in spring training

TAMPA, Fla. >> Carlos Carrasco’s impressive spring performance has earned the right-hander a major league contract with New York and a spot in the Yankees’ rotation.

The Yankees announced on Saturday they had signed Carrasco to a one-year contract.

Carrasco, 38, signed a minor league deal with the Yankees on Feb. 5 and could have opted out of the deal on Saturday. Instead, the right-hander’s 1.69 ERA in five spring training games, including four starts, earned him his new deal with New York.

He gets a $1.5 million salary while in the major leagues and $180,000 while in the minors, and can earn $2.5 million in performance bonuses for starts: $150,000 each for 12, 14, 16 and 18, $250,000 each for 20, 22, 24 and 26, and $450,000 each for 28 and 30.

Carrasco was 3-10 with a 5.64 ERA in 21 starts for Cleveland last season. In 15 seasons, Carrasco has a 110-103 record and 4.14 ERA. He led the American League in wins in 2017, when he was 18-6 with Cleveland.

The Yankees moved right-hander Gerrit Cole to the 60-day injured list as he faces season-ending Tommy John surgery.

Another injury also created the opening for Carrasco. General manager Brian Cashman said right-hander Clarke Schmidt will open the season on the injured list. Schmidt is recovering from back stiffness and a sore right shoulder.

Also, the team reassigned right-handers Colten Brewer and Geoff Hartlieb, left-hander Rob Zastryzny, outfielder Ismael Munguia and infielder-outfielder Andrew Velazquez to minor league camp.

AP MLB: https://apnews.com/hub/mlb