Rays and Drew Rasmussen strike a deal that could reach $28 million. This multi-year deal with a team option for 2027, which buys out his first Free Agent year, comes with a $500,000 signing bonus and is guaranteed for approximately $8 million.

-The righty who made his MLB debut in 2020 is expected to return as a starter this season after he returned last August from third elbow surgery.

-The deal guarantees Rasmussen $8.5 million but could be worth up to $28 million. He gets a $500,000 signing bonus, $2 million for 2025, $5.5 million for $2026 and a team option for 2027 for $8 million. (The option comes with escalators based on health and innings pitched that could push the total to as much as $20 million; the buyout is $500,000.)

-Rasmussen was one of six Rays remaining in the arbitration process, facing a Thursday 1 p.m. deadline to agree to terms or head to a hearing. …The other five are pitchers Zack Littell, Shane Baz, Garrett Cleavinger; infielder Taylor Walls; catcher Ben Rortvedt.

-In 44 starts with the Rays since the Willy Adames trade in 2021, Drew has a record of 18-9 with a 2.57 ERA, and a combination of 195 strikeouts and 48 walks over 227 2/3 innings.

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