KANSAS CITY, Mo. — The Kansas City Royals signed third baseman Maikel Franco to a $2.95 million contract Friday to be their everyday third baseman next season.

The deal, which was agreed to earlier this week, includes up to $1.05 million in incentives.

The 27-year-old Franco hit .234 with 17 homers and 56 RBIs in 123 games for the Phillies last season. He has spent his past six seasons in Philadelphia, and hit at least 20 homers in three straight seasons.