UPDATE: Dodgers finalize contract extension with Chad Billingsley

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UPDATE: The deal is done. And as expected, he’ll receive three years and an option for 2015.

According to Dylan Hernandez of the Los Angeles Times, Billingsley will be guaranteed at least $35 million from 2012-2014. If the Dodgers exercise the option for 2015, he could make as much as $46 million.

Billingsley will earn $9 million in 2012, $11 million in 2013, $12 million in 2014 and either a $14 million club option for 2015 or a $3 million buyout.

Monday, 8:00 PM: According to Jim Peltz of the Los Angeles Times, the Dodgers and Chad Billingsley have reached a tentative agreement on a three-year contract extension valued at more than $30 million.

Details aren’t yet available, but multiple sources tell Tony Jackson of ESPN Los Angeles that the deal will cover 2012-2014 with a possible option for 2015. If true, the contract would buy out his final year of arbitration and his first two years of free agency. Billingsley and the Dodgers avoided arbitration by agreeing to a one-year, $6.275 million contract in January.

Billingsley, 26, is 59-41 with a 3.55 ERA over his first five major league seasons, averaging 8.2 K/9 and 3.9 BB/9. The former 2003 first-round pick went 12-11 with a 3.57 ERA over 31 starts last season.

UPDATE: Dylan Hernandez of the Los Angeles Times reports that the contract is worth $35-36 million, including the buyout of the option year. He adds that the salary for the option year is still being negotiated.

Marlins sign Cameron Maybin

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Tim Healey of the South Florida Sun-Sentinel reports that the Marlins have signed free agent outfielder Cameron Maybin.

Maybin spent the 2017 season with the Angels and Astros, putting up a line of .228/.318/.365 in 450 plate appearances and appearing at least briefly in the World Series for Houston. That’s not the greatest batting line in the world, but he stole 33 bases in 114 games, so he has his value. Maybe more to fantasy players than a real baseball team, but the fact remains that if you don’t have three guys in the outfield, you’re gonna give up a lot of triples. Maybin will definitely be one of the guys in the outfield, at least part of the time.

This will be Maybin’s second tour of duty with the Marlins, having first come to them in 2007 in the famous — infamous, if you’re a Marlins fan — Miguel Cabrera trade. Maybin spent three seasons with the Marlins in that go-around.