Washington Nationals pitcher Stephen Strasburg agreed to a record $245 million, seven-year contract, NBC Sports Washington reported.
The World Series MVP had opted out of the remaining four years and $100 million left on his contract earlier this offseason.
Strasburg returns after pitching a league-leading 209 innings in 2019. He was dominant in the postseason.
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He has spent his entire career with the Nationals after being drafted No. 1 overall in 2019.
The velocity on his fastball has declined in recent years, but he made a change last season, increasing the use of his curveball by almost 10 percent.
Strasburg's deal is the highest for a pitcher in total dollars and average annual value at $35 million, the Associated Press reports.