Adam Jones and Baltimore Orioles Reportedly Close on Huge Extension

Kenny DeJohnAnalyst IIIMay 25, 2012

BOSTON, MA - MAY 5:  Adam Jones #10 of the Baltimore Orioles rounds the bases after hitting a home run in the third against the Boston Red Sox at Fenway Park May 5, 2012  in Boston, Massachusetts. (Photo by Jim Rogash/Getty Images)
Jim Rogash/Getty Images

With the way Adam Jones has been producing this season, it was really just a matter of time before the Baltimore Orioles approached him with a long-term contract.

Earlier today, Ken Rosenthal of FOX Sports broke the news:

BREAKING: Sources tell me and @jonmorosi that #Orioles are close to signing Adam Jones to a long-term extension.

— Ken Rosenthal (@Ken_Rosenthal) May 25, 2012

Although no terms of a deal have been disclosed, there are reports stating the contract will make Jones a very rich man.

Rosenthal suggests the value of the contract could be "well north" of Miguel Tejada's six-year, $72 million and Nick Markakis' six-year, $66.1 million extension.

Jones, who has one more year of arbitration eligibility remaining, is signed this season for $6.15 million. He will turn 27 in August, and is producing at an All-Star level in 2012.

So far, he's put together a line of .311/.357/.601 with 14 home runs and 29 RBI.