Felix Hernandez, Mariners on verge of a $175 million contract extension

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Bob Nightengale of USA Today reports that Felix Hernandez and the Mariners have agreed to a seven-year, $175 million contract extension.  The contract will make him the highest paid pitcher in baseball history, both in overall contract and in average annual value.

The Mariners will tear up his current deal, which was to pay him $19.5 million this year, and replace it with the new one. It will pay him, on average, $25 million a year through 2019. It’s not known yet if the contract amount increases over time or if it’s a flat $25 million a year.

Hernandez is 98-76 with a 3.22 ERA and 1,487 strikeouts and 480 walks in 1620.1 innings across eight seasons.  But of course, he still doesn’t turn 27 until April.  This deal, therefore, only take him into his age 34 season.  If he holds up physically, he may get another sizable deal before he’s through.

Report: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.