12:09pm: The AP has contract details. It's a three-year, $42MM extension. Click the link for the incentive and option details. Given Jones' offensive abilities I consider this a good deal for Atlanta.
TUESDAY, 8:30am: Bowman says Jones and the Braves have agreed to "a three-year extension worth over $40MM that includes an option for 2013." There's a news conference this afternoon. With Chipper signing, that's one less big bat on the 2010 free agent market.
MONDAY: According to MLB.com's Mark Bowman, Chipper Jones is close to an extension with the Braves that could keep him in Atlanta through 2013. An announcement is possible Tuesday. Bowman says it's believed Jones came in seeking a three-year extension covering 2010-12 with an option for '13. He'll turn 37 in April.
It'll be interesting to see the money on this one. FanGraphs valued Jones at $29.4MM in '07 and $34MM in '08.