The Braves have announced they have signed right-hander Julio Teheran to a six-year contract with an option for a seventh that could keep him in Atlanta through 2020. A source has told MLB on Fox that the deal is worth $32.4 million.

Teheran is an important piece to a young and talented pitching staff. The 23-year-old thrived as a rookie in 2013 at 14-8 with a 3.20 ERA. He fanned 170 and walked just 45 in 185 2/3 innings. He is considered the third starter behind Kris Medlen and Mike Minor heading into the 2014 season.