The Atlanta Braves have signed left-hander Chris Sale to a two-year, $38 million contract extension, the team announced Thursday, restructuring his deal in the wake of his trade from the Boston Red Sox last week.

Sale's previous contract ran through 2024 and guaranteed him $27.5 million -- though $10 million of it was deferred, bringing the present value down to around $20-21 million -- with a $20 million club option for 2025. The new deal bumps Sale's present-day guarantee significantly, giving him $16 million in 2024 and $22 million in 2025, while the Braves add a buyout-free $18 million club option for 2026.