White Sox ink Alexei Ramirez

Sports Network

, Last Updated: 2:32 PM ET

CHICAGO -- The Chicago White Sox made it official on Thursday and signed shortstop Alexei Ramirez to a four-year, $32.5 million contract extension.

Under terms of the agreement, the Silver Slugger Award winner will receive $5 million in 2012, $7 million in 2013, $9.5 million in 2014 and $10 million in 2015. The White Sox hold a $10 million option for 2016, which includes a $1 million buyout.

Per the terms of Ramirez's original four-year deal agreed upon with the club in January of 2008, he will earn a base salary of $2.75 million in 2011.

Ramirez hit .282 with 18 home runs and 70 runs batted in last season.

The 29-year-old Cuban native opted out of his $1.1 million option for the 2011 season on December 1, the day before the White Sox picked up their club option for the upcoming season.

In three years in the big leagues covering 440 games, Ramirez has hit .283 with 54 home runs, 215 RBI and a .430 slugging percentage -- to go along with 40 steals, though he has also been caught 22 times.

In other club news, the White Sox signed veteran outfielder Lastings Milledge to a minor-league deal with an invitation to spring training.

The 25-year-old hit a career-best .277 with four homers, 34 runs batted in and 21 doubles over 113 games with Pittsburgh in 2010.

Originally taken with 12th overall choice in the 2003 First-Year Player Draft by the New York Mets, Milledge has a career .269 batting average with 33 home runs and 167 RBI in 431 big league contests with the Mets, Washington and the Pirates.


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