Fresh off their first playoff birth since 1999, the Texas Rangers have agreed to a 20-year contract extension with Fox Sports Southwest beginning in 2015.

The deal is reportedly worth $1.6 billion and is among the most lucrative in Major League Baseball for a team without their own regional sports network.

USA Today first reported the deal was worth $3 billion, but a Fox spokesman said that amount was “wildly inflated.”

The Rangers current deal is worth roughly $45 million a year, compared to $80 million a year as part of the extension.