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Joe Saunders’ deal with Mariners worth $6.5 million

Wild Card Game - Baltimore Orioles v Texas Rangers

ARLINGTON, TX - OCTOBER 05: Starting pitcher Joe Saunders #48 of the Baltimore Orioles throws a pitch against the Texas Rangers during the American League Wild Card playoff game at Rangers Ballpark in Arlington on October 5, 2012 in Arlington, Texas. (Photo by Ronald Martinez/Getty Images)

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UPDATE: FOX Sports’ Ken Rosenthal reports that Saunders will make $6.5 million and could earn an additional $1 million with incentives. The deal includes a mutual option for 2014.

4:49 PM: It’s not official yet, but Joe Saunders has agreed to a one-year deal with the Mariners and Jon Heyman of CBSSports.com says it’ll be worth “around $7 million” in guaranteed money.

That’s basically the same contract Brett Myers got from the Indians and a step above one-year deals secured by guys like Shaun Marcum, John Lannan, Jeff Karstens, Mike Pelfrey, Scott Baker, and Jason Marquis this offseason.

Saunders had his sights set on a multi-year deal after throwing 175 innings with a 4.07 ERA for the Diamondbacks and Orioles last season and the 32-year-old left-hander was linked to a fair number of teams, but ultimately none made him a priority.

Saunders will basically replace Jason Vargas in the rotation after the Mariners traded him to the Angels for Kendrys Morales.