Update 12:11pm: According to Ed Price of FanHouse.com, Blaton will get paid $7M in 2010, $8.5M in 2011, $8.5M in 2012. ‘11 and ‘12 salaries go up $250K if 200IP the year before.

11:49am: According to a press release issued by the Philadelphia Phillies, the team has signed pitcher Joe Blanton to a three-year, $24 million extension.

Blanton, 29, had a 12-8 record with a 4.05 ERA in 31 starts for the Phillies in 2009. You can see Blanton’s contract history and statistics here.