Catcher Carlos Santana has reached a five-year $21 million agreement on a contract extension with the Indians. The team will hold a press conference at 2:30 p.m,. to announce the deal.

The deal runs through 2016 with a club option for 2017. The club option covers Santana's first free agent year.

In a Tweet, Indians President Mark Shapiro said, "Excited to get a multiyear deal done with Carlos that could keep him here through 2017. He's an exciting middle-of-the-diamond run producer that we can build around."

Santana, 26, is entering his second full season in the big leagues. He will not be eligible for free agency until after the 2016 season when he'll be 30.