Chad Billingsley, Dodgers complete three-year, $35-million contract extension

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Chad Billingsley’s three-year contract extension with the Dodgers became official Tuesday.

[FOR THE RECORD: Club option: An earlier version of this post stated that the contract includes a $14-million club option for 2014. The option is for 2015.]

Billingsley will be guaranteed $35 million from 2012-2014.

The right-handed pitcher will earn $9 million in 2012, $11 million in 2013 and $12 million in 2014. The contract includes a $14-million club option for 2015; if the Dodgers decline the option, they would owe Billingsley a $3-million buyout.

If the option is picked up, the deal would be worth a total of $46 million.

The deal includes a limited no-trade clause that allows Billingsley to block trades to 10 teams.

Billingsley was already under contract for the upcoming season for $6.275 million.

Billingsley’s agent, Dave Stewart, said he was contacted by assistant general manager Kim Ng shortly after avoiding arbitration and settling on a 2011 salary.

Stewart said he initially told Billingsley that he thought he should wait until the end of the season to explore an extension but that his client told him he wanted to get a deal done as soon as possible.

-- Dylan Hernandez