3:28pm: The team announced the deal, which will pay McGowan $1.5MM per season in 2013 and 2014 and includes a $4MM club option for 2015 (with a $500K buyout, according to The Associated Press).
2:50pm: Dustin McGowan, who arrived at Spring Training without a guaranteed spot in the Blue Jays' rotation, now has job security for at least two years. The oft-injured right-hander has agreed to terms with the Blue Jays on a two-year contract extension with an option, Jim Bowden of ESPN.com and MLB Network Radio tweets.
McGowan returned from shoulder trouble to make five Major League appearances last year, his first big league action since 2008. ACES represents the right-hander, who removed himself from a minor league start yesterday because of plantar fasciitis. McGowan, who turned 30 on Saturday, had already agreed to terms with the Blue Jays on a one-year, $600K deal for 2012.