The Texas Ragners signed left-handed pitcher Martin Perez to a four-year contract through 2017, the club announced Thursday.
Perez is guaranteed $12.5 million. The deal also includes club options for 2018, 2019 and 2020.
Perez, who turns 23 next season, established himself in the Rangers' rotation this past season. He started 20 games and was 10-6 with a 3.62 ERA, striking out 84 and walking 37.