Manuel Margot has reached an agreement on a two-year, $19 million deal with the Tampa Bay Rays.

The deal includes salaries of $7 million in 2023, up from the $5.6 million that Margot is due to earn this season, and $10 million in 2024. It also includes a $12 million mutual option in 2025 or a $2 million buyout.

Margot, 27, would have been eligible for free agency after this season.