"Dylan Hernandez of the Los Angeles Times reports that Chad Billingsley's extension with the Dodgers is worth $35-36 million, including the buyout for the fourth year option.
The deal is expected to cover the 2012-2014 seasons and will include an option for 2015. According to Hernandez, the salary for the option year is still being negotiated. Either way, this has a chance to be an excellent deal for both sides. Billingsley, 26, has a 3.55 ERA over his first five seasons in the majors and has made at least 31 starts in each of the last three seasons. "
Dylan Hernandez (twitter)