Jays Lock Down Halladay Till 2010

Halladay remains with the Jays till 2010

DUNEDIN- Just when you thought the spending spree for the Blue Jays was over, the club announced on Thursday that it had agree to a three-year extension with former Cy Young Award winner Roy Halladay. The extension, which will keep Halladay with the Jays through the 2010 season, is worth $40 million.

Halladay will earn $10 million in 2008, $14.25 million in 2009 and $15.75 million in the final year of his contract. Halladay's current contract will expire at the end of the 2007 season. The right-hander is scheduled to make $12.7 million this season, and $12.7 million in 2007.

"I didn't want to pass up on this chance," Halladay said. "I really appreciate the way things have been handled. I couldn't be more thrilled than to have the opportunity to be here five more years."

The 28-year-old Halladay posted a 12-4 record with a 2.41 ERA last season while leading all American League pitchers with five complete games. This occurred despite not pitching after July 8. Halladay was leading the American League in ERA and was set to make his third career All-Star Game appearance prior to suffering a fractured left tibia on July 8.

"Roy Halladay is the premier pitcher in the American League," Blue Jays president Paul Godfrey said. "To know he will be part of this organization for the next five seasons is a big, big plus."

Toronto continues its busy off-season, in which it acquired starter A.J. Burnett, closer B.J. Ryan, third baseman Troy Glaus, first baseman Lyle Overbay, and catcher Bengie Molina.

"Everything we talked about during the last contract," said Halladay, "it has come full circle."

"All of what J.P. told me about his plan, that's happened."

Halladay is excited about the upcoming season, and just couldn't pass up on the opportunity to play with this group of players for the next five seasons.

"I wanted the chance to be part of all this," the right-hander said. "More than anything, I wanted the opportunity to be here with so many parts of the puzzle."

Halladay made sure to praise his General Manager for sticking to the plan, and the promises he was making about the future of the organization.

"J.P. made it clear about what he wants to happen here, and now it's a reality."

Ricciardi said the process to sign Halladay to an extension began at the end of last season when he sat down with his ace to explain to him the clubs plans for the off-season, and how they wanted the pitcher to be part of everything.

"Roy is the leader of this club in a lot of ways," said Ricciardi.

Halladay owns a career record of 79-43 with a 3.70 ERA in 184 games, 159 starts. He currently ranks third in franchise history in ERA and is sixth in wins. The Denver, Colorado native was the Blue Jays first round selection in the 1995 June First Year Player Draft.

"I think it would be a dream come true to be able to finish my career there," Halladay said. "But I've got five years to worry about that and hopefully a couple of World Series rings in between."

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