Blue Jays extend Edwin Encarnacion for three years, $27 million

Looks like 'E5' isn't going anywhere. (Getty Images)

Edwin Encarnacion and the Blue Jays have agreed to a three-year, $27 million contract extension, the club announced Thursday. The deal also includes a $10 million option for the 2016 season.

This move will effectively put to rest rumors and reports that Encarnacion is on the trading block, with the July 31 deadline looming. Instead, Encarnacion will remain in the middle of the potent Blue Jays lineup with Jose Bautista.

Encarnacion, 29, is in the midst of a career year. He's hitting .295/.382/.565 with 23 homers, 58 RBI, 55 runs and nine stolen bases. He is on pace to set career highs in the overwhelming majority of offensive categories. Plus, now that the Jays have Brett Lawrie in the fold, they don't have to play the defensively-challenged Encarnacion at third base. Instead, he's splitting time between first base and designated hitter.

The Blue Jays acquired Encarnacion in the trade that sent Scott Rolen to the Reds at the 2009 trade deadline. Encarnacion was actually waived by the Blue Jays after the 2010 season. He was claimed by the A's, but then granted free agency shortly thereafter and re-upped with Toronto.

Encarnacion was set to be a free agent at the end of this season.

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