His new deal calls for a $5,000,180 signing bonus — the $180 is for good luck. Of the signing bonus, $1,000,180 is new money payable Dec. 15 and the rest is a pair of $2 million payments on Feb. 15 and June 14. His 2013 salary is reduced from $6 million to $2 million.
Longoria’s salaries remain $7.5 million for 2014, $11 million for 2015 and $12.1 million for 2016. The new deal adds salaries of $13 million for 2017, $13.5 million for 2018, $14.5 million for 2019, $15 million for 2020, $18.5 million for 2021 and $19.5 million for 2022.
Tampa Bay holds a $13 million option for 2023 with a $5 million buyout, and escalators could raise the option price to $18 million.
Longoria became just the seventh player with a contract guaranteed through 2020. Milwaukee outfielder Ryan Braun, Detroit first baseman Prince Fielder, Chicago Cubs outfielder Jorge Soler and Colorado shortstop Troy Tulowitzki have deals covering the next eight years, with Los Angeles Angels first baseman Albert Pujols’ contract running through 2021 and Cincinnati first baseman Joey Votto’s through 2023.
Tampa Bay selected Longoria as the third overall pick in the 2006 amateur draft, making him the first player drafted under Sternberg and Friedman.
Longoria played in just 74 games in 2012 because of a partially torn left hamstring. He underwent a minor surgical cleanup procedure on the hamstring Nov. 20 and is expected to be ready for spring training.
“With the time that we had now, there’s no doubt that I’d be able to recover and be at 100 percent or close to it by (the start of) spring training,” Longoria said.
Longoria will rehab the leg during the winter and will not participate in next year’s World Baseball Classic.
Tampa Bay was 41-44 during Longoria’s absence, and 47-27 with him in the starting lineup.
The two-time AL Gold Glove winner and 2008 AL Rookie of the Year ranks second on the Rays career list with 130 home runs, third with 456 RBIs and fourth with 161 doubles. Longoria is one of 11 active players to average at least 25 homers and 90 RBIs during his first five seasons.