King Felix gets royal payday from Mariners

On Tuesday, it was announced that Mariners ace Felix Hernandez had reached a monster agreement on a contract extension. The new deal is for seven years, worth a huge $175 million and will make him the highest-paid pitcher in MLB history.

The official announcement will come Wednesday at 2 PM Pacific, and will be streamed live on the MLB website. Hernandez was in Peoria, Arizona on Tuesday with the rest of Seattle's pitchers and catchers, but planned to immediately head back to Safeco Field for the signing and new conference.

This new extension will top Yankees' pitcher CC Sabathia, who is in the midst of a seven-year deal that is paying him $161 million.

The 26-year old Hernandez has been in Seattle his entire career, and is a 2010 Cy Young Award winner. Last season, he made headlines with a perfect game while going 13-9 over 33 starts.

Following the physical, the agreement does have some writing built into the contract to protect the Mariners, in the event Hernandez were to miss a season with elbow problems.

With the World Baseball Classic a month away, the pitcher known affectionately as "King Felix" is still not expected to pitch for Venezuela. He had previously decided that getting the contract extension together was his top priority.

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With a lifetime of experience following the MLB, Phillip Barnard is a Houston-based writer covering professional baseball for Examiner.com. You may contact Phillip with your comments and questions.

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