Felix Hernandez and Seattle agree on new contract

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Associated Press

Posted on February 12, 2013 at 3:30 PM

Updated Tuesday, Feb 12 at 10:04 PM

PEORIA, Ariz. (AP) — Felix Hernandez and the Seattle Mariners have reached agreement on a $175 million, seven-year contract that will make him the highest-paid pitcher in baseball.

The Mariners announced the sides had reached agreement on the deal Tuesday afternoon. Hernandez and general manager Jack Zduriencik will hold a news conference in Seattle on Wednesday afternoon where Hernandez is expected to sign the contract.

Earlier Tuesday, Zduriencik said the sides were having significant talks to try to finalize a new contract for the three-time All-Star and 2010 AL Cy Young Award winner. There had been speculation and reports about an injury to Hernandez's pitching elbow that could be slowing the negotiations. Zduriencik said earlier in the day that a deal of that magnitude in years and dollars, "takes time to work things out."

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