Santana and the Indians have agreed on a five-year, $21-million contract. The deal runs through 2016, with a club option for 2017.
MLB.com's Jordan Bastian reported Monday night that a deal was eminent, and on Tuesday he confirmed as much via Twitter:
Indians make it official: Santana signed to 5-year deal with club option for 2017. Press conference scheduled for the afternoon.— Jordan Bastian (@MLBastian) April 10, 2012
That tweet was soon followed by this, from Paul Hoynes, the Indians beat writer for the Cleveland Plain Dealer:
Carlos Santana deal worth 21 million for 5 yrs with club option. #Indians— paul hoynes (@hoynsie) April 10, 2012
Santana, 26, had 27 home runs last season while batting .239. He's off to a hot start this year, with two homers and four RBI through four games.