Sources: Strasburg, Nats reach $175M extension

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9:33 PM ET

WASHINGTON — Starting pitcher Stephen Strasburg and the Washington Nationals have agreed to a seven-year, $175 million extension, sources confirmed to ESPN’s Jim Bowden.

Strasburg will receive a rolling opt-out clause after the third or fourth year of the contract and could receive $7 million in performance bonuses, sources said. He also will receive an additional $1 million bonus each season he reaches 180 innings pitched, according to sources.

The Nationals plan to make an official announcement Tuesday, The Washington Post reports.

Stephen Strasburg was set to become a free agent following this season and would have been the premier pitcher available. AP Photo/John Raoux

Strasburg, who avoided arbitration this past January when he agreed to a one-year, $10.4 million deal, was set to become a free agent following this season and would have been the premier pitcher available. He is represented by agent Scott Boras, who typically forgoes …

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