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Colby Lewis Signs One-Year Extension with Rangers

OAKLAND, CA - JULY 18:  Colby Lewis #48 of the Texas Rangers pitches against the Oakland Athletics at O.co Coliseum on July 18, 2012 in Oakland, California.  (Photo by Thearon W. Henderson/Getty Images)
OAKLAND, CA - JULY 18: Colby Lewis #48 of the Texas Rangers pitches against the Oakland Athletics at O.co Coliseum on July 18, 2012 in Oakland, California. (Photo by Thearon W. Henderson/Getty Images)
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The Texas Rangers have reached an agreement on a one-year contract extension with right-hander Colby Lewis, reports Rangers Executive Vice President of Communications John Blake:

Lewis’ new contract will pay him a base salary of $2 million next season with an opportunity to earn up to $4 million in incentives, according to Jeff Wilson of the Fort Worth Star-Telegram.

The 33-year-old is earning $3.25 million this season, which was the final year of the three-year, $8 million deal he signed with Texas prior to the 2010 season.

Lewis has turned in another productive season for the Rangers, posting an ERA of 3.43 over sixteen appearances. Since rejoining Texas in 2010, the right-hander has maintained an ERA and WHIP of 3.93 and 1.175 with 8.1 SO/9 and 2.4 BB/9 over eighty starts.