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James Loney, Rays finalize deal

Updated: January 3, 2014, 9:31 PM ET
Associated Press

ST. PETERSBURG, Fla. -- First baseman James Loney has finalized a $21 million, three-year contract with the Tampa Bay Rays.

The deal announced Friday is the largest the budget-minded club has given a free agent since current ownership led by Stuart Sternberg took control after the 2005 season.

Loney hit a team-leading .299 with 13 homers and 75 RBIs for the Rays last season, his first with Tampa Bay. He also was a finalist for an American League Gold Glove.

Loney, 29, appeared ...

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