On Saturday, July 18, Burns officially signed a seven-year, $105 million extension with the Reds. The structure of Burns' contract goes like this: $2.5 million in 2027, $8 million in 2028, $12.5 in 2029, $15 million in 2030, $17 million in 2031, $23 million in 2032 and $25 million in 2033. While the contract officially begins next season, Burns did receive a $2 million signing bonus. AdvertisementAdvertisement Advertisement"Chase is an exciting young pitcher, an All-Star this year, and the sky is the limit for him," Krall said. Krall said that there aren't contract extension talks with other players in process right now.