All-Star center fielder Vernon Wells and the Toronto Blue Jays agreed Friday night to a $126 million, seven-year contract extension through 2014, the sixth-largest deal in baseball history.

The contract value trails only those of Alex Rodriguez ($252 million), Derek Jeter ($189 million), Manny Ramirez ($160 million), Todd Helton ($141.5 million) and Alfonso Soriano ($136 million). It is the 13th $100 million deal in baseball history and the third of the offseason, following those of Soriano with the Cubs and Carlos Lee ($100 million) with Houston.

Wells is due $5.6 million next season in the final year of his old contract. The extension calls for a $25.5 million signing bonus, payable in three $8.5 million installments each March 1 in 2008, 2009 and 2010. He will receive a salary of just $500,000 in 2008 and $1.5 million in 2009, but his salary jumps to $12.5 million in 2010 and $23 million in 2011. Wells receives $21 million in each of the final three seasons.

Under the extension, Wells has the right to terminate his agreement after the 2011 season and become eligible for free agency.

He gets a full no-trade clause and could earn bonuses of $250,000 for MVP, $200,000 for World Series MVP, $150,000 for league championship series MVP and $100,000 for receiving the most votes in his league in All-Star game balloting.

In addition, he will donate $143,000 annually to the Jays Care Foundation.