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M's, Felix reach seven-year, $175M extension
Felix Hernandez - S - Seattle Mariners
Feb. 7, 2013 - 2:35 PM ET

Bob Nightengale of USA Today reports that the Mariners have agreed to a seven-year, $175 million contract extension with right-handed starter Felix Hernandez.

The deal -- which truly came out of nowhere -- makes "King Felix" the highest-paid pitcher in baseball history. Hernandez was already under contract for $19.5 million in 2013 and $20 million in 2014. Now he'll make an average salary of $25 million through the 2019 season. The 26-year-old registered a 3.06 ERA, 1.14 WHIP and 223/56 K/BB ratio in 232 innings last summer for Seattle.

Source: USA Today