UPDATE: Felix Hernandez deal for five years, $78 million

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9:52: Heyman and others are now tweeting that it is a five year deal worth $78 million.

9:19 A.MFrancisco Blavia tweets that the deal is worth $78MM over five years. However,  Jason Churchill of Prospect Insider says the deal “may very well be six years guaranteed and less than $100 million, with some incentives that could push it over the $100-million mark.”

Not sure who to believe, but I feel comfortable reporting that Hernandez is going to be very, very rich.

12:43 A.M. The Seattle Mariners have reportedly agreed to a contract extension with ace pitcher Felix Hernandez.

ESPN’s Keith Law, citing “a source with direct knowledge of the talks”, reports that the sides agreed to a deal on Monday night on the eve of the deadline for exchanging salary figures for arbitration.

The length and the terms of the deal were not available.

Hernandez, who made $3.8 million in 2009, was set for a big payday after going 19-5 with a 2.49 ERA in 2009, finishing second in the AL Cy Young balloting to Royals star Zack Greinke.

Law reports that the deal will go through pending a physical. If it does, it will be the latest impressive move by second-year Mariners GM Jack Zduriencik, who appears well on his way to turning around a franchise that lost 101 games under Bill Bavasi in 2008.

Earlier this offseason, Zduriencik worked a deal with the Phillies that brought ace Cliff Lee to Seattle, giving the Mariners perhaps the best one-two pitching punch in all of baseball. And more recently, he signed center fielder Franklin Gutierrez – a promising young hitter coming off a brilliant defensive season – to a four-year extension.

Angels acquire Jabari Blash from the Yankees

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The Yankees announced on Wednesday that the club traded outfielder Jabari Blash to the Angels in exchange for a player to be named later or cash considerations.

Blash, 28, was acquired by the Yankees from the Padres back in December in the Chase Headley trade. In trading Blash to the Angels, the Yankees were able to free up a spot on the 40-man roster for Brandon Drury, the infielder they acquired as part of a three-team trade with the Diamondbacks and Rays on Tuesday.

Over parts of two seasons in the majors, Blash has hit an underwhelming .200/.323/.336 in 279 plate appearances. He will try to play his way into a bench role for the Angels this spring.