The agreement with the three-time All-Star incorporates the remainder of the 27-year-old's existing contract, which called for him to earn $36.6 million over the next four seasons. The new deal includes a team option for 2023 that could make the deal worth $144.6 million over 11 years.
"It's a very exciting day for us," Rays principal owner Stuart Sternberg said. "For Evan to have the confidence in us, and I know the confidence that we have in him, to re-up so to speak for the long haul. This is just an enormous commitment for us."
Longoria said a no-trade provision is not included in the deal, although after 2017 he would have a right to block trades as a 10-year veteran who spent his last five years with the same team.
Just six games into his major league career, Longoria agreed in April 2008 to a $17.5 million, six-year contract.
Giants' postseason shares $377,003
A full postseason share for the World Series champion San Francisco Giants was worth a record $377,003, breaking the mark that had stood since the 2006 St. Louis Cardinals.
In the first year of the expansion of the playoffs from eight teams to 10, the players' pool was a record $65.36 million, Major League Baseball said Monday. The previous mark of $59.1 million came in 2009.
The Giants split $23.5 million, voting 50 full shares, partial shares equivalent to another 11.1, and 12 cash awards.
All-Star outfielder Melky Cabrera, suspended for the final 45 games of the regular season and the division series, automatically received a full share without his teammates having to make a decision. Under baseball rules, he gets a full share because he was with the team from June 1 on, even though he was not active for the postseason.
Cabrera, the All-Star game MVP, became a free agent last week and agreed to a $16 million, two-year contract with Toronto.
Gomes joins Red Sox
The Boston Red Sox have agreed to terms with outfielder Jonny Gomes on a two-year contract that reportedly would pay him $10 million. Gomes is a career .244 hitter who batted .262 with 18 homers and 47 RBIs for the Oakland Athletics last year.