According to the great (and I really mean that) Ken Rosenthal of FoxSports.com, the Blue Jays are on the verge of signing center fielder Vernon Wells to a seven-year, $126 million contract extension.
An agreement between the Jays and Wells is close, according to major-league sources. The deal is expected to include full no-trade protection and an opt-out clause. The Jays engaged in lengthy negotiations with Wells' representatives on Thursday, sources said, leaving the sides on the brink of an agreement.
Wells will earn $5.6 million in 2007. His new contract would run from ‘08 to ‘14, and his ability to void the deal probably would come after year three or year four.