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The Cleveland Indians have signed first baseman Edwin Encarnacion to a three-year deal per Jon Heyman.
Indians win Encarnacion. 3 plus an option.
— Jon Heyman (@JonHeyman) December 23, 2016
Per Jeff Passan, the deal is for three years, $65 million dollars with a club option for an additional $20 million. Encarnacion had previously turned down a four-year, $80 million from the Toronto Blue Jays.
Source: Edwin Encarnacion's deal is actually $65M guaranteed. The $5M option buyout is on top of $20M a year he's getting for three years.
— Jeff Passan (@JeffPassan) December 23, 2016
The Indians will lose a first-round draft pick Encarnacion passed on Toronto’s qualifying offer last month.
Encarnacion has spent the last seven-and-a-half seasons with the Toronto Blue Jays where he emerged as one of the league’s premiere power hitters. He has at least 30 home runs in each of the last five seasons and his slugging percentage has never dipped below .520 in that span.