The San Diego Padres have signed free-agent right-handed pitcher James Shields to a four-year contract with a fifth year club option, the team announced Wednesday.

The contract is worth $75 million, according to CBS Sports, which is the largest in club history trumping Jake Peavy’s three-year $52 million contract in 2007.

Fox Sports reported on Wednesday that Shields will receive $10 million of his contract in 2015.

“It’s another sign about the ownership’s commitment,” said General Manager A.J. Preller during a press conference on Wednesday. “(Ownership) is willing to give the resources and the support to our baseball operations group and the organization to make it happen.”

Shields, 33, was one of the more coveted free-agent pitchers  this offseason, as he played an integral role in helping the Kansas City Royals reach the World Series for the first time since 1985.

He also pitched in the World Series in 2008 as a member of the Tampa Bay Rays.

A Racho Santo Fe homeowner, Shields was thankful for the opportunity to bring the town its first World Series title.

“I’m up for the challenge, we’re going to try and bring a championship here to San Diego,” Shields said.

Known as one of the more “reliable” pitchers in baseball, Shields was an All-Star in 2011, and has pitched at least 200 innings in the last eight seasons.

In 2014 he was tied for the fifth most inning pitched in the Majors (227) while going 14-8 with a 3.21 ERA.

Shields will join a rotation that already includes right handed pitchers Tyson Ross, Andrew Cashner and Ian Kennedy, and a team that has added talent across the board thanks to Preller with the likes of outfielders Matt Kemp, Justin Upton and Wil Myers, along with catcher Derek Norris.

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