Félix Hernández Contract: Mariners Ace Finally Completes $175 Million Extension After Snag

Seattle Mariners ace Félix Hernández has finally reached agreement on a contract extension with the Mariners on Tuesday afternoon and will be in Seattle for a 2 p.m., PT, news conference on Wednesday to announce the signing, according to general manager Jack Zduriencik per MLB.com.

Zduriencik said that the details of the contract would be revealed at the press conference. However, various reports since Thursday have said that the deal will be for seven years and $175 million, before both sides said the deal wasn't actually finished because of an issue in Hernández's elbow that was found during his physical.

Hernández has two years and $40.5 million remaining on a five-year, $78 million deal that he signed in 2010, but those final two years will apparently be replaced by the new deal, which extends through 2019 and will make him the highest-paid pitcher in MLB history.

Hernández was in Peoria, Ariz. to take his physical on Tuesday along with the rest of the Mariners pitchers and catchers in reporting for spring training, but planned to immediately return to Seattle for the official signing and news conference at Safeco Field.

"I would send along my congratulations to [Hernandez's agents] Scott Pucino and Wil Polidor," Zduriencik said. "They were very professional in working this agreement with us. I think it's a great thing for the Seattle Mariners and it's a great thing for Felix Hernández. We're looking forward to this guy being here for a long time, obviously."

CC Sabathia of the Yankees currently has the largest overall contract for a pitcher -- a seven-year, $161 million deal that he signed before the 2010 season. Zack Greinke signed the highest average-annual-value deal at $24.5 million with his six-year, $147 million contract in December with the Los Angeles Dodgers.

The 26-year-old Hernández, a the three-time All-Star, has been with the Mariners his entire MLB career and won the American League Cy Young Award in 2010. He pitched a perfect game last season while going 13-9 with a 3.06 ERA in 33 starts. He also has a career record of 98-76 with a 3.22 ERA.