Rising ace Burns, Reds agree on 7-year, $105 million extension (source)

5:29 PM UTC

CINCINNATI -- The meteor keeps burning bright. The Reds are banking that their 23-year-old starting pitcher will do so for many years to come.

Sources told MLB.com's Mark Feinsand that the Reds and Burns are in agreement Thursday on a seven-year, $105 million contract that will begin in 2027 and run through 2033. There are no options or deferrals included.

The Reds have not made an official announcement.

In the two years since he was made the second overall selection in the 2024 Draft, Burns made his big league debut, pitched in the postseason and just this week, went to his first All-Star Game. Now the right-hander has received a huge payday.

Burns' new deal is tied for the largest guarantee given to a pitcher in Reds history and tied for third largest overall. In total dollars, it equals the six-year, $105 million contract pitcher Homer Bailey signed in 2014. The biggest commitment the club has ever made was the 10-year, $225 million extension given to first baseman Joey Votto in 2012. In 2000, upon his trade from the Mariners, Ken Griffey Jr. was given a nine-year, $116.5 million contract.

Burns is 11-1 with a 2.54 ERA in 18 starts and 102 2/3 innings this season and is viewed as a contender for the National League Cy Young Award, along with Jacob Misiorowski, Cristopher Sánchez and Shohei Ohtani.

Once made official, Burns will be the latest in a long line of extensions for young players this season. Some of the names on that list include the Pirates’ Konnor Griffin, the Cardinals' JJ Wetherholt, the Tigers’ Kevin McGonigle and the Brewers’ Cooper Pratt.