The Orioles and right-hander Shane Baz have agreed to a five-year contract extension worth $68 million, according to two sources, which keeps Baz in Baltimore through 2030.

The Orioles traded four prospects and a competitive balance draft pick to the Tampa Bay Rays to acquire Baz over the winter. Agreeing to an extension now only reinforces how highly Baltimore thinks of him.

This spring, for instance, manager Craig Albernaz said, “Baz’s upside is a Cy Young winner.”

ESPN first reported the deal.

One source said the contract begins this year. Another said it does not include any option years.

Baz was under team control through arbitration until after the 2028 season. This deal secures the Orioles two would-be free-agent seasons.

The 26-year-old hurler has room to grow before he reaches that level, but Baz has earned rave reviews since joining the Orioles. The former first-round pick impressed during spring training with 14 strikeouts in 10 1/3 innings, and Baz is set to make his Orioles regular-season debut Sunday at Camden Yards against the Minnesota Twins.

This is the second early extension the Orioles have completed in the last year. Over the summer, Baltimore reached a long-term extension with catcher Samuel Basallo just days into his major league tenure.

This extension locks in a price over what would have been Baz’s final two years of arbitration.

Baz has produced up-and-down results early in his career, and he has faced injuries. In March 2022, he had bone chips removed from his elbow. In September 2022, Baz underwent Tommy John elbow reconstruction surgery. He missed the 2023 season.

He returned in 2024 to pitch 14 games and completed the entire 2025 season, in which he posted a career-high 166 1/3 innings. That was a major checklist item

“You can’t succeed unless you’re on the field and healthy,” Baz said in January. “It’s everything. It gives you the chance to learn. It gives you the chance to fail a little bit and just makes you realize how you can get better as a pitcher.”

His overall numbers left something to be desired. For Tampa Bay last year, Baz recorded a 4.87 ERA. But part of that was likely due to playing at George M. Steinbrenner Field in Tampa rather than Tropicana Field in St. Petersburg, Florida. At the spring training and minor league field last year, Baz’s ERA was 5.90. His away ERA was 3.86.

During the winter, Baz worked out with Hayden Letts at Dynamic Sports Training in Houston. Their training regimen is part of the reason Baz is capable of carrying high fastball velocities long into starts.

“As a pitcher, you think he won’t jump as high or run as fast as a position player, but he’s beaten a lot of guys,” Letts said in January. “I think that’s a big thing for him, in terms of being able to maintain that velocity.”

The Orioles expended considerable prospect capital to acquire Baz. They sent four players who ranked in MLB Pipeline’s top 30 for the organization, including outfielder Slater de Brun and right-hander Michael Forret.

After completing the trade in December, president of baseball operations Mike Elias said the Orioles are “expecting we’re gonna get the best chunk of his career here coming up.”

“This is very much a move about the next few years with this major league team,” Elias added, noting that Baz’s additional team control was an attractive part of the trade.

Now Baz is set for an even longer stay in Baltimore.

This article has been updated.