The Blue Jays on Wednesday announced they've signed Vladimir Guerrero Jr. to a 14-year, $500 million extension, immediately marking one of the biggest moments in franchise history. “This is a monumental moment in franchise history.

After falling short in bids for Shohei Ohtani and Juan Soto, Toronto spared no expense to keep its franchise player from leaving in free agency.

Vladimir Guerrero Jr. said it was a "big relief" that he and the Blue Jays were able to finalize a long-term deal. "I'm very, very happy to stay here and to be a Blue Jay," he said.