The Boston Red Sox have signed Wade Miley to a three-year, $19.25 million contract extension.

The deal includes a fourth-year club option that could bring it's value to $30.75 million.

The contract breaks down as follows: $500,000 signing bonus, $3.5 million in 2015, $6 million in 2016, $8.75 million in 2017 and a $12 million club option for 2018 with a $500,000 buyout.

Miley, 28, was a first-year arbitration-eligible player.