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

Jan 19, 2010, 9:19 AM EDT

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.

  1. Jonny5 - Jan 19, 2010 at 8:18 AM

    It looks like the Mariners have decided to become quite a force.

  2. Joey B - Jan 19, 2010 at 8:46 AM

    Good for baseball. Hopefully Mauer is the next to sign.
    I wonder if Jack Z did everything else ahead of this to show Felix Mariner momentum. The money is still important, but my guess is that players still want to play for competitive teams.

  3. Ann H - Jan 19, 2010 at 8:57 AM

    This offseason just keeps getting better and better!

  4. basedrum777 - Jan 19, 2010 at 8:57 AM

    I don’t mind this so long as he’s not a Red sock.

  5. donna - Jan 19, 2010 at 8:59 AM

    The next best move the Mariners should make is a deal that would bring Edgar back in the fold to teach the young ones the game of baseball! Imange his wisdom with the young talent?

  6. Chris - Jan 19, 2010 at 10:28 AM

    The only thing Edgar knows how to do is inject roids.

  7. Chris likes.... - Jan 19, 2010 at 10:31 AM

    to EAD and is quite the douche bag.

  8. basedrum777 - Jan 19, 2010 at 10:37 AM

    So long as he’s not teaching them to run or play the field you’re good to go…

  9. (Not That) Tom - Jan 19, 2010 at 10:43 AM

    Spoken like a true Hamill child.

  10. Tucker - Jan 19, 2010 at 11:56 AM

    I believe it is all for Griffey. This is going to be his last year. Look at the bobble head promotions for this next year. It is all him. Build a team that is ready to win. The ownership and Jack are giving him and the city of Seattle what it deserves, a World Series. They won’t 116 games, but they are going to be in the hunt at season end. For all that Griffey has given to Seattle I sure hope it happens. It would be a great baseball story, even better if Ken Burns can produce it!!

  11. Omega in Colorado - Jan 19, 2010 at 12:15 PM

    Seattle Mariners in the World Series? I like the sound of that. Not really a fan of the franchise, but I am in love with the city of Seattle and the entire Pacific North West region.
    Looking forward to the season already! less than a month before cathcers and pitchers report!

  12. cruddycat - Jan 19, 2010 at 12:21 PM

    do you know who is paying this man’s outrageous salary? you, the public, are! all major sports are heavily subsidized through tax abatements, special taxes, government low interest loans and grants, specials and giveaways of all sorts. this allows sports owners to pay these undeserved salaries. paying a man $100 million is scandalous, especially in these hard times when people are losing homes and jobs. subsidizing sports only benefits a handful of overpaid athletes and large corporations that own these sports franchises.

  13. basedrum777 - Jan 19, 2010 at 12:32 PM

    Its supply and demand. We the people want to see a product and these individuals are some of the only in the world to provide that product at a level befitting our requirements. No different than selling rice on an open market or otherwise. Don’t get mad because your skill in these areas lack…

  14. Moses Green - Jan 19, 2010 at 2:32 PM

    Shame on anyone who doubted the Amazing Jack Z, Shame I Say!

  15. Dustin Ford - Jan 19, 2010 at 6:02 PM

    I gotta admit, Felix and Cliff make the M’s the best pitching team in the AL West and perhaps one of the top 3 in the entire league. What the M’s need though to be true contenders now is offense. Ichiro, Griffey, and Guiterrez alone can’t provide enough to win on the big stage. Perhaps the time has come to deal Beltre for some more power or perhaps make a package deal for a strong hitting outfielder the M’s have the latitude to do so thanks to having Ichiro and Guiterrez out there. Offense has been the M’s Achilles’ heel the last few years, especially in a division packed with the potent offenses of the Angels and Rangers. Get some hitting in there and the M’s might very well be a force to be reckoned with in the AL next year.

  16. Bob Harkins - Jan 19, 2010 at 6:40 PM

    It will be hard to trade Beltre since he’s with the Red Sox now, but Jack Z might be able to pull it off. :)

  17. Bill Pay Free - Feb 9, 2010 at 10:49 AM

    Good one mate!! Thanks :)

  18. cruddycat - Feb 28, 2010 at 12:21 AM

    you didn’t read what I said. I have no problem with people who want to pay outrageous salaries like this,just don’t ask others to pay for it with tax subsidies, grants, government low interest loans and other special favors. don’t ask me to pay, pay for it yourself. the truth is that if professional sports had to pay salaries like this without special favors from the government, the true cost of a ticket would be $300.00 or more. enjoy your sports, just don’t ask me to make it possible by taking my money out of my wallet. an economist, Henry Hazlitt, once said that economics is not only what is seen but what is not seen. distortion of supply and demand is made possible by the subsidies that are not always apparent. I never claimed to have be a good player, I am not. It is just that I don’t ask or demand for people to pay me for services they do not want.

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