Rays finalize contract with 1B James Loney

The Tampa Bay Rays have signed fire baseman James Loney to a three-year contract worth $21 million.

Deal worth $21 million over 3 years

Boston Red Sox's Shane Victorino, right, is safe on first base as Tampa Bay Rays first baseman James Loney, left, catches a throw in Game 4 of the ALDS Oct. 8, 2013. (Mike Carlson/Associated Press)

First baseman James Loney has finalized a $21 million US, three-year contract with the Tampa Bay Rays.

The deal announced Friday is the largest the budget-minded club has given a free agent since current ownership led by Stuart Sternberg took control after the 2005 season.

Loney hit a team-leading .299 with 13 homers and 75 RBIs for the Rays last season, his first with Tampa Bay. He also was a finalist for an AL Gold Glove.

The 29-year-old Loney appeared in 158 games in 2013 and led the major leagues with a club-record .351 road batting average.

In eight seasons with the Los Angeles Dodgers, Boston Red Sox and Rays, Loney has a .285 career average with 86 homers and 534 RBIs.

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