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Kenley Jansen contract includes opt-out clause after 2019

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MLB: Los Angeles Dodgers at Tampa Bay Rays Kim Klement-USA TODAY Sports

The Dodgers on Tuesday finalized their five-year, $80 million contract with closer Kenley Jansen, which includes an opt-out clause after three seasons.

Jansen’s contract is the second-largest contract ever for a relief pitcher in both total value and annual average salary, trailing only the five-year, $86 million contract signed by Aroldis Chapman with the Yankees earlier in December.

The $80 million pact for Jansen dwarfs the previous Dodgers record for largest contract (in total value) given to a reliever, which was previously the $22.5 million, three-year deal signed by Brandon League after the 2012 season.

Jansen’s contract is also the largest in total value signed by the Dodgers since Andrew Friedman took over as president of baseball operations in October 2014.

Jansen receives a $4 million signing bonus, per Jon Heyman of FanRag Sports, with the remaining money paid in the following annual salaries:

2017: $10 million
2018: $10 million
2019: $18 million
2020: $18 million
2021: $20 million

In addition, Jansen can opt out of the contract after the 2019 season and become a free agent. Should he opt out after three years Jansen will have already earned $42 million, compared to the $56 million in the first three seasons of Chapman’s contract with New York, which contains a similar opt-out clause.

Jansen doesn’t have a no-trade clause, but will receive a $1 million bonus each time he is traded, per Heyman.

Jansen made $10.65 million in 2016, his final season of salary arbitration eligibility before qualifying for free agency after the season.

Including the signing bonus plus Jansen’s salary in the first year of the deal, the Dodgers have roughly $198.65 million committed to 2017.