The Kansas City Royals and right-hander Seth Lugo agreed to a two-year contract extension with a 2028 vesting option, the club announced Monday.
Lugo's pact will reportedly be worth $46 million.
The 2024 AL Cy Young runner-up had a $15-million player option for 2026 before the new deal. He was thought to be one of the top potential starting pitchers available before Thursday's trade deadline.
The 35-year-old owns a 2.95 ERA with 1.09 WHIP and 99 strikeouts over 113 innings (19 starts) this season.