CLEVELAND, Ohio - Jose Ramirez passed his physical and officially became a rich man Tuesday, but is there anybody else on deck?

The Indians confirmed Tuesday morning that they had agreed to a five-year, $26 million extension with Ramirez. News of the deal broke over the weekend, but the Indians wouldn't confirm it until he passed a physical.

The deal, which includes a $2 million signing bonus, covers all three of Ramirez's arbitration years (2018-20) plus his first year of free agency (2021). The deal also includes club options for 2022 and 2023.

Ramirez will make $571,400 this year, $2,428,600 in 2018, $3,750,000 in 2019, $6,250,000 in 2020 and $9 million in 2021. The club options are worth $11 million and $12 million. There's a $2 million buyout on the 2020 club option. Escalators could boost the club options by $1 million each.

The guaranteed portion of the deal is worth $26 million. The potential worth could go as high as $50 million.

Ramirez, 24, playing in his first full season, went above and beyond for the Tribe in 2016. He hit .312 (176-for-565) with 46 doubles, three triples, 11 homers and 76 RBI. He stole 22 bases, scored 84 runs and hit .355 with runners in scoring position.

He hit in all nine spots in manager Terry Francona's lineup and he played 117 games at third, 48 in left field, nine at second base and four at shortstop. This year he's expected to open the season at second in place of injured Jason Kipnis.

The Indians have 20 players signed through 2018. That includes shortstop Francisco Lindor and catcher Roberto Perez, each an extension candidate.

It's not known if the Indians are still negotiating with them.