United have moved quickly to tie England international Rashford down for the long term, and have the option to extend his contract by a further year.
Rashford will receive in excess of £200,000 per week at Old Trafford but bonuses will take his wage up to £300,000.
The talented 21-year-old striker has made 170 appearances for the Premier League giants so far and won 32 caps for England.
On signing his new deal, Rashford said: 'Manchester United has been everything in my life since I arrived here at the age of seven.
'This club has shaped me, both as a player and as a person, so it is such a privilege every time I get the opportunity to wear the shirt.
'I want to thank Ole (Gunnar Solskjaer) and his staff for everything they have done for me; they are the perfect group of coaches to learn from as I continue my development and look to push on to the next level.
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