Mariners GM Jack Zduriencik announces the contract extension for Felix Hernandez in Peoria, Ariz. moments ago.
A relieved-looking Mariners GM Jack Zduriencik just walked into the media room here in Peoria and announced that, as expected, the contract extension for Felix Hernandez is now complete.
A press conference has been scheduled for 2 p.m. PT tomorrow at Safeco Field.
“We’re headed out right now and Felix will be headed out shortly as well,” Zduriencik said. “We’ll give you all the details at that time.”
It is being reported by Jon Heyman of CBS Sports that Hernandez’s old deal will, in fact, be torn up and replaced with a brand new seven-year, $175 million extension.
There will likely be a signing bonus attached to that, meaning Hernandez will very likely be earning far more than the $20.7 million he was initially slotted to make this year in base salary and a pro-rated bonus. That will impact the budget short-term and could be a reason the Mariners did not make any significant payroll additions the past few weeks.
Payroll was at $85 million as of today, with the potential to go to about $91 million if players reach easily-attainable incentives. We’ll see how Hernandez’s new deal breaks down.
Zduriencik sent out congratulations to Hernandez’s agents, Scott Pucino and Wil Polidor, calling them “very professional” in how they handled negotiations.
“I think it’s a great thing for the Seattle Mariners, it’s a great thing for Felix Hernandez and we’re looking forward to this guy being here for a long time, obviously,” Zduriencik said.