Chad Billingsley inks 3-year extension

Updated: March 29, 2011, 10:24 PM ET

ANAHEIM, Calif. -- The Los Angeles Dodgers officially announced their signing of right-hander Chad Billingsley on Tuesday to a three-year contract extension through 2014 after Billingsley passed a physical examination.

The agreement, which also includes a club option for 2015, is worth about $41.3 million that adds $35 million in guaranteed money over the final three seasons.

"It was a little bit of a compromise, but I'm happy with it and I believe they're happy with it ...

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