Félix Hernández is officially the highest-paid pitcher in Major League history.

The 26-year-old Venezuelan right-handed starting pitcher for the Seattle Mariners has signed a seven-year contract extension with the team.

Mariners general manager Jack Zduriencik announced the deal with Hernández at the news conference at Safeco Field. A source confirmed to MLB.com that the basic agreement is for seven years and $175 million, with some new language written in that would protect the Mariners if Hernandez misses a season with elbow problems.

Hernández has two years and $40.5 million remaining on his existing contract, but the final two years will reportedly be replaced by the new deal, which will now extend through 2019.

“I think it’s a great thing for the Seattle Mariners and it’s a great thing for Felix Hernandez. We’re looking forward to this guy being here for a long time, obviously,” said Zduriencik.

CC Sabathia of the New York Yankees currently has the largest overall contract for a pitcher, with a seven-year, $161 million deal he signed before the 2010 season. Zack Greinke signed the highest average-annual-value deal at $24.5 million with his six-year, $147 million contract in December with the Los Angeles Dodgers.

Hernandez has been with the Mariners his entire Major League career and won the American League Cy Young Award in 2010. He pitched a perfect game last season while going 13-9 with a 3.06 ERA in 33 starts.

The three-time All-Star has pitched 200 or more innings in each of the past five seasons and has a career record of 98-76 with a 3.22 ERA.