The new contract, first reported by The Athletic, includes a $13 million club option for 2023, which would be Muncy's first offseason of free agency, and a $1.5 million buyout.

Over the last two years, the left-handed-hitting Muncy has contributed a .256/.381/.545 slash line with 70 home runs and 177 RBIs in 278 games. His 146 weighted runs created plus is the eighth highest in the majors during that time.