Aaron Hill will be Hillraising in Phoenix for the near future. According to a report from Buster Olney, Hill has signed a three year, $35 Million extension (That comes out to about $11.67 Million AAV. Math!) The team will announce it later today, according to the tweet above.
Hill was arguably the best offensive player on the team in his first full season with the Diamondbacks last season. He set career highs in Batting Average and On Base Percentage. He also hit two cycles. You probably heard about that. This deal means he will avoid Free Agency next offseason.
This deal also means that between the Bell acquisition, the Ross signing the Prado extension, and this, the team has the ability to increase payroll for this season and beyond. There were some worries in some corners that the team would not be able to extend Hill because of payroll limitations, but that seems to not be the case.
[Update] Details of the breakdown, per Jack Magruder:
#Dbacks 2B Hill's deal worth $40.5M through 2016.Extension worth $11M, $12M, $12M in final three years.— Jack Magruder (@JackMagruder) February 8, 2013