D-Backs sign top prospect Carroll to 8-year extension worth reported $111M

The Arizona Diamondbacks signed top outfield prospect Corbin Carroll to an eight-year contract extension, the team announced Saturday.

Incredibly honored to call the valley my home for the foreseeable future. We are building something special. 🐍🐍🐍 https://t.co/sOW8cSxq3u
— Corbin Carroll (@corbin_carroll) March 12, 2023

The deal is worth $111 million, sources told Steve Gilbert of MLB.com. It also includes a $28-million club option in 2031 that can be bought out for $5 million, according to Nick Piecoro of AZCentral.com.

There are also escalators in the deal from 2029-31. The deal allows the D-backs to buy out Carroll's arbitration years plus two and possibly three free agent years while also allowing Carroll to hit the free agent market at 31 years of age at the latest.
— Steve Gilbert (@SteveGilbertMLB) March 11, 2023

Carroll's pact is the largest contract ever signed by a player with less than 100 days of MLB service time and no foreign playing experience, according to Gilbert.

The 22-year-old comes into the 2023 campaign as the favorite to win National League Rookie of the Year after going deep four times with 14 RBIs and an .830 OPS across 32 games for Arizona last season. He slashed .307/.425/.611 with 24 homers and 31 stolen bases over 93 contests in the minors in 2022.

Carroll is currently ranked as the No. 2 prospect in all of baseball, according to MLB Pipeline.