According to Baseball Prospectus, the Oakland A's have reportedly signed short stop Miguel Tejada to a 5-year extension worth $58.5 million.
A's General Manager Billy Beane announced today that the Oakland Athletics have signed AL MVP Miguel Tejada to an extension through the 2008 season.
"We're very pleased to have gotten this done," said Beane, "and it's a tremendous load off my mind to know that we'll have Miguel in Oakland for many years to come. It's important to the success of the A's and for our fans. I couldn't be more pleased."
The terms of Tejada's deal include a $3.5 million signing bonus, and escalating salaries through the 2008 season averaging $11 million annually.