The Los Angeles Dodgers and outfielder Andre Ethier have reportedly agreed to a five-year contract extension.

Ethier, slated to become a free agent after the 2012 season, inked a new five- year, $85 million contract extension that will leave the left-handed slugger in Dodger blue through the 2017 season, according to the Los Angeles Times.

The report indicates the contract includes a vesting option for 2018 which could bring the overall value to over $100 million.

The deal is the third largest in Dodgers history behind Kevin Brown's seven- year, $105 million deal, which he signed as a free agent following the 1998 season and Matt Kemp's eight-year, $160 million deal, which he inked during this past offseason.

The two-time All-Star batted .292 with 11 home runs and 62 RBI in 2011 before knee surgery cut his season short in mid-September. He has returned to form thus far in 2012, batting .292 with 10 homers and a National League-best 52 RBI.

The 30-year-old has spent his entire seven-year career with the Dodgers after the Oakland Athletics drafted him in the second round of the 2003 draft before shipping him to Los Angeles in December, 2005.

Over 914 games, Ethier is a career .291 hitter with 119 homers and 498 RBI.