Twins sign Phil Hughes to 3-year, $42 million extension

The Twins have agreed to a three-year, $42 million extension with right-hander Phil Hughes, as first reported by Mark Feinsand of the New York Daily News. The deal will keep Hughes in Minnesota through the 2019 season, meaning that he will be paid $58 million over the next five years.

According to Feinsand, Hughes' salary will increase from $8 million to $9.2 million in each of the next two seasons, then will be paid $13.2 million in each season from 2017-2019. The deal also includes limited no-trade protection and performance bonuses for innings pitched.

Hughes is the third pitcher that the Twins have committed to on a long-term basis, with Ricky Nolasco earning a four-year, $49 million deal last year and Ervin Santana signing a four-year, $55 million pact earlier this month. Minnesota will use those three veterans in addition to young pitchers like Trevor May, Kyle Gibson and Tommy Milone in their rotation, with Mike Pelfrey providing additional depth.

Hughes, 28, posted a career year with Minnesota after signing a three-year, $24 million deal with the club last offseason. In addition to setting the major-league record with an 11.6 K/BB ratio on the season, the right-hander posted a 16-10 record and 3.25 ERA in 32 starts in what was by far the best season he has had as a starter. For his career, Hughes is 72-60 with a 4.32 ERA in 214 appearances (164 starts) in eight seasons.