Jones' agent, Nez Balelo of CAA Sports, remained in town today and the final details have been worked out.
Jones is earning $6.15 million this season. He was eligible for free agency following the 2013 season.
The extension is for six years with a total value believed to be around $85 million. He'll be the highest paid player in franchise history.
Update: The six-year deal is worth $85.5 million and includes a limited no-trade clause.
Jones entered today's game batting .310/.353/.594 with nine doubles, a triple, 14 homers, 31 RBIs and 33 runs scored. He has a triple and stolen base today.
Executive vice president Dan Duquette expressed a desire to table negotiations until after the season, but he made an exception for Jones, voted Most Valuable Oriole last year.
Update II: The extension is six years, $85.5 million. Escalators are worth up to $6 million and can bring the maximum value to $91.5 million.
The contract includes a $2 million signing bonus, $8.5 million in 2013 (would have been final arbitration year), $13 million in 2014-15, $16 million in 2016-17 and $17 million in 2018. No option years. It includes a no-trade provision.
Jones is the second-highest paid center fielder in baseball.
Current center fielders 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
The deal also includes $75,000 per year of his salary to go to Orioles charities and complimentary use of a luxury suite at Camden Yards for two mutually agreeable regular season home games during each season - which Adam intends to use for charity/community purposes as well.