Joc Pederson gets $5.5 million signing bonus as part of 2-year deal with Texas

Joc Pederson gets a $5.5 million signing bonus as part of his $37 million, two-year contract with the Texas Rangers.

The designated hitter and outfielder will receive salaries of $13 million this year and $18.5 million in 2026 under the agreement announced Dec. 30. The deal includes an $18.5 million mutual option for 2027.

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Pederson can opt out of the contract after the 2025 World Series, but if he opts out Texas can exercise options for 2026 and '27 at $18.5 million annually. The options must be exercised simultaneously.

His base salaries for 2026 and '27 would increase to $21.5 million if he is on the first or second All-MLB team this year or wins a Silver Slugger Award.

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Peterson would earn a $150,000 bonus for winning the MVP award, $100,000 for making the All-Star team or winning the World Series MVP award, and $50,000 for a Silver Slugger or the League Championship Series MVP.

He gets a hotel suite on road trips and has the right to buy four premium season tickets. He also has a no-trade provision.

Texas is the fifth team for the left-handed hitter since he spent his first seven big league seasons with the Dodgers. After leaving the Los Angeles as a free agent following a 2020 World Series title, Pederson signed with the Chicago Cubs and was traded midway through the 2021 season to Atlanta, where he won another championship.