The Rangers have agreed to terms with Matt Harrison on a five-year, $55 million contract.

Harrison passed a physical on Wednesday.

The deal will take up Harrison's final two arbitration-eligible years and his first three years of free agency.

It includes a $13.25 million option for 2018 that could go up by as much as $2 million depending on incentives. The option includes a $2 million buyout. Harrison can vest the option if he pitches 200 or more innings in each of the final three years of the contract.