Great news has just broken through ESPN concerning Fausto Carmona.

Buster Olney has reported a 7 year extension will be agreed upon by Carmona and the Tribe.

The deal is guaranteed through 2011 and has club options for three more additional years. Nothing in terms of money has been released yet.

This is great news for the Indians, they’ve done this with guys like Cliff Lee, Sizemore and Peralta so it’s no surprise they did it with Carmona. This contract will take him into his early 30’s so obviously it locks him up for a good time.

Stay tuned to Sportstimeohio around 3:00 today for the press conference.