King Felix's reign in Seattle won't be ending any time soon.
According to Bob Nightengale of USA Today, the Mariners and right-handed ace Felix Hernandez have agreed to a seven-year contract extension worth $175 million. The deal should be finalized before the start of spring training.
When it is, Hernandez will become the keeper of the richest contract ever given to a pitcher. That honor is currently held by New York Yankees lefty CC Sabathia, who inked a seven-year, $161 million deal in 2008.
This is a huge piece of news that has huge implications for Hernandez himself, the Mariners and the rest of Major League Baseball. With that in mind, here's a look at the winners and losers of Hernandez's new megadeal.