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.

Orioles have reached out to Yovani Gallardo

Yovani Gallardo
AP Photo/Tony Gutierrez

From Jon Heyman of CBS Sports comes word that the Orioles “like” free agent starter Yovani Gallardo and “have reached out to him” to gauge his interest in coming to Baltimore and what that might cost.

Gallardo rejected a one-year, $15.8 million qualifying offer from the Rangers earlier this month and so his free agency is tied to draft pick compensation, but that shouldn’t hurt his bottom line all that much.

The 29-year-old right-hander posted a solid 3.42 ERA in 184 1/3 innings (33 starts) this past season for Texas and he pitched well in his one ALDS start.

Heyman reported a few weeks ago that the Diamondbacks are interested, and the Cubs, Blue Jays, and Dodgers were tied to him just ahead of the July 31 trade deadline.

Cubs, Cardinals, Giants, Dodgers, and Red Sox all showing serious interest in David Price

AP Photo/Tim Donnelly

David Price has expressed a desire to return to Toronto, where he finished out the 2015 season, but FOX Sports’ Ken Rosenthal writes Wednesday that the Blue Jays “are not expected to be a major factor in his free agency.”

The teams that should be considered serious suitors, per Rosenthal, are the Cubs, Cardinals, Giants, Dodgers, and Red Sox — all deep-pocketed teams looking to contend in 2016. Money is apparently the issue for the Blue Jays, who are currently owned by Rogers Communications.

Price registered an outstanding 2.45 ERA, 1.076 WHIP, and 225/47 K/BB ratio in 220 1/3 innings (32 starts) this past season between the Tigers and Jays, finishing second in the American League Cy Young Award race behind Dallas Keuchel of the Astros.

The 30-year-old left-hander is probably looking for a six- or seven-year contract worth more than $25 million per season. He is represented by agent Bo McKinnis.

Marlins have begun extension talks with Dee Gordon

Dee Gordon
AP Photo/Alex Brandon

Barry Jackson of the Miami Herald wrote three weeks ago that the Marlins were probably going to explore an extension this winter with second baseman Dee Gordon. And it sounds like those talks are underway.

Via beat writer Joe Frisaro of MLB.com:

As a guest on MLB Network’s “Hot Stove” show Wednesday morning, Gordon confirmed his camp has been in talks with the Marlins regarding a multiyear deal. A source told MLB.com that the discussions are preliminary and have just recently started.

“My agent is doing the talking,” Gordon said on the show. “They’re just keeping me in the loop. I think it’s going pretty well right now. We’ll see how that goes. I’m just playing the waiting game. We’re going to do the right thing.”

The 27-year-old carries three more seasons of salary arbitration, so there’s no real rush to get something done before next spring. Gordon carries quite a bit of leverage after posting a career-best .333/.359/.418 slash line in 145 games this past season for the Fish. He led all major leaguers in hits (205) and stolen bases (58).

Braves sign Bud Norris to one-year contract

Bud Norris

Bud Norris has found a home for his attempt at a bounceback season, signing a one-year deal with the Braves. Jon Heyman of CBSSports.com says it’s worth $2.5 million, which is a huge cut from his $8.8 million salary this year.

Norris had established himself as a solid mid-rotation starter from 2009-2014, but had a brutal 2015 season split between the Orioles and Padres with a 6.72 ERA in 83 innings and a late-season move to the bullpen.

In announcing the signing the Braves referred to Norris as a starting pitcher, so joining the rotation for a rebuilding team gives him a chance to get his career back on track with an eye on hitting the open market as a free agent again next offseason. And if he fares well, the Braves could use him to add a prospect or two at the trade deadline.