On Saturday, the Milwaukee Brewers locked up left-handed pitcher Aaron Ashby to a new five-year deal through 2027 with additional options for the following two seasons. The news was broken by David Stearns, the side’s president of baseball operations.

According to Joel Sherman of The New York Post, Ashby’s guaranteed salary under the five-year deal is $20.55 million. If all options are exercised and Ashby reaches all of his escalators, Sherman writes that Ashby’s total compensation could be more than doubled, reaching $52.5 million.

The agreement not only ensures that Ashby will be a key component of the Brewers’ future, but also provides the 24-year-old with financial stability and peace of mind at a crucial time in his professional development. He was taken by the Brewers in the fourth round of the 2018 draft and swiftly rose through the minor leagues, earning Minor League Pitcher of the Year honors in 2019 and making his Major League Baseball debut the following year.

What David Stearns and Craig Counsell had to say on Aaron Ashby’s new deal

“We are very happy to reach a multi-year agreement with Aaron. Throughout his time in our organization, Aaron has demonstrated a unique combination of persistence, character and talent. He is establishing himself as one of the premier young pitchers in baseball, and we look forward to watching his continued growth and success,” David Stearns said.

“He’s very early in his big league career, but he’s a player that I think everybody thinks can have great success in this league. I’m happy that it kind of worked out for both sides and that he’s going to be a Brewer for a long time“, Brewers manager Craig Counsell added.