Os, Jones reach extension agreement (with figures)

The heavily-speculated Adam Jones extension has finally come to fruition. The Orioles and Jones are expected to announce a six-year, $85.5-million extension for the center fielder with a press conference at approximately 11:30 a.m. ET Sunday morning, according to a baseball source.  The two sides have engaged in talks for some time and Jones’ agent, Nez Balelo (CAA Sports), was in town this weekend to see the deal through.

The 26-year-old Jones, who already passed a physical during Thursday’s off day, will now be the second-highest paid center fielder in the game by the Dodgers Matt Kemp.

Here’s the goods on his contract info:

*The extension is six years, $85.5 million. Escalators worth up to $6 million can bring maximum value to $91.5 million. The average annual value is $14.25 million and average value for his free-agent years only is $15 million.

*It includes a $2 million signing bonus, $8.5 million in 2013 (which would have been his final arbitration year), $13 million in 2014-15, $16 million in 2016-17, $17 million in 2018.  There are no option years and it includes a no-trade provision.

*This is the largest deal in Orioles’ history passing the deals for Miguel Tejada  ($72M, 2004-09) and Nick Markakis ($66.1M, 2009-14)

Jones would have been eligible for free agency after the 2013 season. MASNSPorts.com first reported that the two sides had reached an official agreement.

Current CF By AAV

Matt Kemp: $20M
Adam Jones: $14.25M
Josh Hamilton: $12M
Yoenis Cespedes: $9M
Andrew McCutchen: $8,583,333

Current CF By Total Contract

Matt Kemp: $160M
Adam Jones: $85.5M
Andrew McCutchen: $51.5M
Yoenis Cespedes: $36M
Curtis Granderson: $30.25M

4 Comments

Full or partial NTC?

if I knew, I’d tell you. no word yet.

Any word on Oswalt possibly signing with O’s. What do the braintrust think of Roberts efforts so far at Bowie. How’s the rest of the walking wounded doing. We need Lindstrom big time. Reynolds and Riemold wouldn’t hurt either

Orioles.com has all the info on Roberts up thru yesterday, injury notes get blogged and written as I get them.

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