The Blue Jays have signed center fielder Vernon Wells to a seven-year, $126 million contract extension. The deal includes full no-trade protection and an opt-out clause after the fourth season, according to a source with knowledge of the contract. It also includes a $25.5 million bonus to be paid in equal installments of $8.5 million in 2008, ’09 and ’10, leaving the Jays flexibility to spend on pitching for next season.
While Wells said he wanted to remain with the Jays, many in the sport believed that he intended to play out the final year of his contract, then return home to Arlington, Tex., to join the Rangers and reunite with shortstop Michael Young, his former Jays teammate and best friend in baseball.
The Jays still want to add pitching, and their signing of Wells could lead them to trade another of their outfielders, most likely Alex Rios, for a proven starter.