(CBS) – According to a report from the USA Today, the Mariners have agreed to a contract extension with ace Felix Hernandez that will make the right-hander the highest-paid pitcher in baseball’s history.

Bob Nightengale reports the deal is worth $175 million over seven years.

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The extension is expected to be finalized at some point before spring training.

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Hernandez was scheduled to earn $19.5 million in 2013 and $20 million in 2014. His new contract will take effect this season and pay him a record average annual salary of $25 million through 2019.

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The 26-year-old Hernandez, who made his Major League debut when he was just 19, is 98-76 through eight seasons with an ERA of 3.22. He won the AL CY Young Award in 2010.