Braun signs extension with Brewers

The Brewers, making a major investment in their future, signed left fielder Ryan Braun to a five-year, $105 million contract extension Thursday.

The deal, which covers the years 2016-2020 and a mutual option for an additional year, will follow Braun’s current eight-year, $45 million contract, which expires in ’15. The contract is the longest commitment to a player in Brewers franchise history.

“One of the cornerstone pledges we made when purchasing the Brewers was to build a perennially competitive team, and Ryan Braun has already shown that he is a very rare and special talent,” Brewers Chairman and Principal Owner Mark Attanasio said in a statement released by the team.

“This is an historic occasion for our franchise and for our fans, knowing that we were able to make Ryan’s desire to wear a Brewers uniform for the long term a reality.”

Braun has been elected to start in each of the last three All-Star Games and is one of just five players in history to hit 125 homers and post a .300 batting average over the first four seasons of his career.

”I want to thank the entire Milwaukee Brewers organization, specifically Mark Attanasio and his entire ownership group, Doug Melvin and Gord Ash for making this possible,” Braun said. ”I have truly enjoyed the time I have spent in Milwaukee and look forward to spending the next 10 years here. I believe in the direction of this organization and its commitment to winning moving forward.”

Brewers GM Doug Melvin said in the statement, “Ryan is an elite player and he has already reached extraordinary statistical milestones that are comparable to many of the great players in baseball history.”

Braun gets a $10 million signing bonus and will make salaries of $19 million in 2016-18, $18 million in 2019, $16 million in 2020. The mutual option is worth up to $20 million with a $4 million buyout.

Braun’s newest deal includes a no-trade provision, and he will defer some of his salary.

Braun signed a $45 million, seven-year extension in 2008 after winning the NL Rookie of the Year in 2007, which was the largest contract ever by a player with less than one year of service time.

Braun is hitting .357 with four homers so far this season, and has reached safely in all 18 games. Last year, he earned his third straight Silver Slugger Award with a .304 average, 25 homers and 103 RBIs.

The Associated Press contributed to this report