The Indians announced that they have agreed to a five-year extension with switch-hitting catcher Carlos Santana. The deal, which includes a club option for 2017, is worth $21MM in guaranteed money. Santana is represented by Andy Mota of the Wasserman Media Group.

The contract covers the 2012-16 seasons: Santana's final two pre-arbitration seasons and his three arbitration seasons. If exercised, the club option would keep Santana in Cleveland for his first free agent season.

Cleveland acquired the switch-hitting Santana from the Dodgers for Casey Blake at the 2008 trade deadline. The 26-year-old went on to blossom into one of the game's best catching prospects, twice ranking in the top-30 of Baseball America's annual top 100 prospects list. Santana has hit .244/.364/.464 in roughly a year and a half as a big leaguer, and last season he hit .239/.351/.457 with 27 homers while splitting time behind the plate and at first base.

Santana was called up in early-June of 2010 and appeared likely to fall short of qualifying as a Super Two after the season. The Indians controlled him through 2016 before the extension. Not too many catchers with 1-2 years of service time have signed multi-year deals recently, as Jonathan Lucroy (four years and $11MM) represents the only notable example.

The Indians signed Asdrubal Cabrera to a two-year deal recently, buying out one free agent year. Chances are they will explore an extension with Justin Masterson at some point as well.

MLB.com's Jordan Bastian first reported the extension and Paul Hoynes of the Cleveland Plain Dealer tweeted the financial terms of the deal. Ben Nicholson-Smith contributed to this post.