Shortstop Jimmy Rollins signed a five- year, $40 million contract extension with the Philadelphia Phillies on Monday.
Rollins received a $5 million signing bonus as part of the deal, which will pay him $4 million next season, $7 million in 2007 and 2008, and $7.5 million in each of the final two years of the contract.
The Phillies hold an $8.5 million club option for 2011 that could bring the entire value of the contract to $47.5 million. They also retain a $2 million buyout option.
Rollins, 26, is in his sixth season with the Phillies, who selected the Oakland, CA native in the second round of the 1996 draft.
One of the stronger defensive shortstops in the game, Rollins was an All-Star in 2001 and 2002, and owns a career average of .269 with 52 homers, 45 triples, 273 RBI and 143 stolen bases.
In 62 games this season, he is batting .263 with five homers, 19 RBI and 13 stolen bases.
The Phillies wrapped up their best homestand in 50 years on Sunday, winning for the 12th time in their last 13 games. They currently stand in second place in the National League East.