Third baseman Josh Donaldson and the Toronto Blue Jays have agreed to a two-year deal worth US$28.65 million, the club announced on Wednesday.
The long reported deal will see the 30-year-old Donaldson earn $11.65 million in 2016 and $17 million in 2017.
Donaldson was named American League MVP last season after hitting .297 with 41 home runs and a league-leading 123 runs batted in in his first year with the Blue Jays.
He is just the second Blue Jay to earn MVP honours after George Bell in 1987.
Donaldson was also named player of the year by the Sporting News and awarded the Players Choice Award by his peers.
He was acquired by Toronto in a trade with Oakland on Nov. 28, 2014, with a package including Canadian Brett Lawrie going to the Athletics.
(The Canadian Press)