Angels right-hander John Lackey has agreed to a three-year, $17.01 million contract, FOXSports.com has learned.

The deal includes a club option for a fourth year that could bring the potential value of the package to more than $27 million.

The option, covering Lackey's first year of free agency, would be worth a minimum of $9 million and maximum of $10.5 million.

Lackey's new deal replaces the one-year, $3.76 million contract he signed with the Angels during the off-season as a first-year arbitration player.

Lackey, 27, is 47-38 lifetime with a 4.15 ERA. He has won 14 games each of the past two seasons and averaged more than 200 innings over the past three. He is also 2-1 with a 3.26 ERA in eight career post-season appearance, including a victory in Game 7 of the 2002 World Series.
Great move signing one of the better underrated pitchers in the AL. He has gotten better every year and I expect good things from here on out.