Pena passes physical to finalize 3-year, $24.1M deal with Rays

Updated: January 25, 2008, 7:42 PM ET
Associated Press

ST. PETERSBURG, Fla. -- Tampa Bay's Carlos Pena passed a physical, finalizing a three-year deal worth $24,125,000.

Carlos Comes Around

Carlos Pena set career highs for home runs, RBIs and slugging percentage in 2007, all for the low price tag of $1.2 million. How his offense stacked up against the rest of the AL:

2007 AL rankings
Homers 46 2nd
RBIs 121 4th
ABs per HR 10.7 1st
Walks 103 3rd
Slugging Pct. .627 2nd

The American League comeback player of the year agreed last week to a $6 million, one-year contract that enabled the Rays to meet a self-imposed deadline to sign him before having to exchange salary arbitration figures.

The 29-year-old slugger took a physical Thursday to complete the multiyear deal, which will pay him $8 million in 2009 and $10,125,000 in 2010.

Pena had 48 homers and 121 RBIs -- both career highs -- in 2007. He set a season franchise record for homers, finishing with the fourth-highest total in the majors behind Alex Rodriguez, Prince Fielder and Ryan Howard.

He also batted a career-best .282, scored a team-high 99 runs and became the first player to hit 40-plus homers the season after being released by another team. He signed with the Rays last winter after spending most of 2006 in the minors with Boston and the New York Yankees.

Copyright 2008 by The Associated Press