The extension also includes a club option for the 2023 season.
According to multiple reports, the 2020 option is valued at $10.25 million and Carrasco will be paid $12 million each in 2021 and 2022. The 2023 option is worth $14 million, with a $3 million buyout.
The Indians had already exercised their $9.75 million option for 2019 on Oct. 30.
Carrasco, 31, finished 17-10 with a 3.38 ERA in 192 innings pitched last season. He tied for the major league lead with two complete games.
In 2017, he tied for the major league lead with 18 victories and finished fourth in American League Cy Young Award voting.
He has played his entire career with the Indians and has a 79-62 record and 3.71 ERA in 207 games spanning nine major league seasons.
Matt Adams returning to Washington Nationals on one-year deal
The left-handed slugger finished last season with the St. Louis Cardinals after being waived by the Nationals in a salary dump in August.
Adams, 30, hit .239 with 21 home runs for the season, averaging .257 with 18 home runs in 94 games with the Nationals.
He gives the Nationals some left-handed power off the bench and relief for Ryan Zimmerman at first.
In seven seasons with the Cardinals, Atlanta Braves and Nationals, he has 96 home runs, 332 RBIs and a .266 average.
Top spenders Red Sox owe nearly $12 million in luxury tax
NEW YORK — The World Series champion Boston Red Sox owe $11.95 million in luxury tax for having baseball’s top payroll.
That’s according to final calculations by the commissioner’s office obtained by The Associated Press. The only other team that owes is the Washington Nationals, who must pay $2.39 million.
Because Boston was more than $40 million over the tax threshold, it also became the first team to incur a new penalty put in place for the 2018 season: the top Red Sox selection in next June’s amateur draft will be dropped 10 places.
Boston’s top pick had been projected to be No. 33 overall before the penalty.
White Sox have limits on Manny Machado, Bryce Harper
The White Sox slashed their payroll in recent seasons as they traded away players such as Chris Sale and Adam Eaton and went about the business of stockpiling prospects. This leaves them in perfect position to grow their payroll now, to make moves like the transaction they executed Friday, when they agreed to take on first baseman Yonder Alonso, a $9 million salary dump of the Cleveland Indians.
Alonso happens to be the brother-in-law of superstar free agent Manny Machado, and both players are represented by agent Dan Lozano. This move will feed industry theory that the White Sox are laying the groundwork for a significant, aggressive strike on either Machado or Bryce Harper, the two most prominent players available.
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