Perez’s new deal will cover the 2014-2017 seasons and includes club options for 2018, 2019 and 2020.
#Rangers have agreed to terms with LHP Martin Perez on a 4-year contract through 2017 w/ club options for 2018, 2019 and 2020.
— Richard Durrett (@espn_durrett) November 7, 2013
The Rangers will give Perez $12.5 million in guaranteed money but may end up saving a significant amount of money if Perez does develop into the top of the rotation starter that the Rangers.
Perez, 22, had a 3.62 ERA and 84/37 K/BB ratio in 124 1/3 innings (20 starts) for Texas in 2013.