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Red Sox sign Wade Miley to three-year, $19.25 million extension

The deal extends Boston's control over the lefty by one season.

Matt Kartozian-USA TODAY Sports

The Red Sox have signed left-hander Wade Miley to a three-year, $19.25 million contract to avoid arbitration, according to an announcement from his agents at O'Connell Sports Management. According to Alex Speier of the Boston Globe, the deal includes a $12 million team option for 2018, extending the team's control over the left-hander.

Miley was not eligible to become a free-agent until after the 2017 season, so the Red Sox will achieve cost certainty and one extra year of control as a result of the new deal. Bob Nightengale of USA Today reported the structure of the contract, which has the ability to reach a maximum of $31 million over four seasons.

Miley, 28, was originally acquired by Boston during the Winter Meetings and will join a new-look Red Sox rotation alongside Clay Buchholz, Joe Kelly, Rick Porcello and Justin Masterson. The southpaw has posted a 38-35 record and 3.79 ERA in four seasons with the Diamondbacks, and was named to the NL All-Star team in 2012.