BREAKING: Jones deal is done (more information)

The Orioles and center fielder Adam Jones have reached agreement on a contract extension. An announcement should come later today, with a press conference scheduled for tomorrow.

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.

jpnes lowfive black sidebar.jpgUpdate: 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.

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