Coming off his first All-Star campaign, Kansas City left-hander Cole Ragans agreed to a three-year extension with the Royals, the team announced Friday.

The Royals did not confirm financial terms, but multiple sources reported the deal is worth $13.25 million.

Ragans, 27, who will be a free agent following the 2028 season, will earn $1.25 million in 2025, $4.5 million in 2026 and $7.5 million in 2027, according to ESPN.

In his second season in Kansas City in 2024, Ragans emerged as the staff's ace and helped the club reach the postseason, posting an 11-9 record and a 3.14 ERA in 32 starts.

He led the American League with 10.8 strikeouts per nine innings, finishing with 223 whiffs along with 67 walks in 186 1/3 innings. In two postseason starts, he went 1-1 with a 0.90 ERA, allowing one run in 10 innings.

Ragans was a first-round pick (No. 30 overall) by the Texas Rangers in the 2016 draft, but endured two Tommy John surgeries and didn't reach the majors until 2022. After 26 appearances (nine starts) over two seasons with Texas, he was traded to the Royals in June 2023 in exchange for Aroldis Chapman and joined Kansas City's rotation.

In three seasons in the majors, Ragans is 18-17 with a 3.46 ERA in 70 games (53 starts) spanning 322 1/3 innings, with 363 strikeouts and 124 walks.

The Kansas City Royals have reached an agreement with free agent right-handed closer Carlos Estevez on a two-year contract, according to multiple media reports Wednesday evening.

Estevez, an All-Star in 2023 with the Los Angeles Angels, split last season between the Angels and the Philadelphia Phillies, who acquired him on July 27 ahead of the trade deadline last summer.

The contract is worth a reported $22 million, though the Royals are yet to confirm the deal.

Estevez, who turned 32 on Dec. 28, was a combined 4-5 with a 2.45 ERA, 26 saves, 12 walks and 50 strikeouts in 55 innings over 54 relief appearances last season.

He has a career 27-31 record with a 4.21 ERA, 82 saves, 161 walks and 440 strikeouts in 419 1/3 innings over 438 relief appearances for the Colorado Rockies (2016-17, 2019-22), Angels (2023-24) and Phillies (2024). He missed the 2018 season because of injuries.

Kansas City was 86-76 last season and made the playoffs for the first time since 2015, sweeping the Baltimore Orioles in the American League wild-card round 2-0 before falling to the New York Yankees in the ALDS 3-1.

Veteran right-hander Michael Lorenzen, who helped the Kansas City Royals earn a wild-card spot in the 2024 postseason, is re-signing with the club on a one-year contract, multiple media outlets reported Monday.

Per ESPN, Lorenzen agreed to a one-year, $7 million deal with a mutual $12 million option for 2026. MLB.com reported that the mutual option includes a $1.5 million buyout.

Acquired from the Texas Rangers in a trade deadline deal, the 33-year-old Lorenzen went 2-0 with a 1.57 ERA in 28 2/3 innings over seven games (six starts) with Kansas City. Overall in 2024, he was 7-6 with a 3.31 ERA in 130 1/3 innings over 26 games (24 starts).

The 10-year veteran was a first-round pick by the Reds in 2013 and spent his first seven seasons with Cincinnati (2015-21). Lorenzen, a 2023 All-Star, has also played for the Los Angeles Angels (2022), Detroit Tigers (2023) and Philadelphia Phillies (2023).

In 368 career games (93 starts), the Anaheim, Calif., native is 47-44 with a 3.99 ERA over 854 1/3 innings. In the playoffs, Lorenzen has gone 0-1 with a 1.17 ERA in 7 2/3 innings over six relief outings.