The first long-term extension of the Mike Elias era has been signed in Baltimore -- and it went to the 21-year-old phenom who made his MLB debut only five days ago.

Baltimore Orioles owner David Rubenstein says that the team plans for even more contract extensions after catcher Samuel Basallo's.

The Orioles welcomed Samuel Basallo to the big leagues in a big, big way. The team is finalizing a historic eight-year, $67 million contract with the rookie catcher, less than a week after his MLB call-up.