Shortstop Xander Bogaerts and the Boston Red Sox have agreed to a six-year extension, the team announced Monday.

The deal is worth $132 million, sources told ESPN's Jeff Passan.

The deal, which was first reported Sunday as being close by Boston radio station WEEI, includes the $12 million the 26-year-old Bogaerts was scheduled to make this season, then $120 million over the final six years.

The deal, according to sources, will include an opt-out clause that Bogaerts can exercise following the 2022 season, when he will be 30 years old.