Franco and the Rays agreed to terms Monday on an 11-year contract extension, Jeff Passan of ESPN.com reports.
Minor details are reportedly still yet to be finalized, but the contract will guarantee the young shortstop at least $182 million and could be worth up to $223 million thanks to escalators plus a $25 million team option for a 12th season. The extension keeps Franco under team control through the 2033 campaign, at which point he'll still be just 32 years old and could be in line for another large contract if his career plays out as many expect. Franco impressed in his 70-game debut last season, hitting .288/.347/.463 while playing solid defense at shortstop, but he has the potential to improve far beyond that already impressive level considering that he's still just 20 years old.