Jones, 28, had been eligible to become a free agent after this season. He has played his entire career in Atlanta after being selected by the Braves with the first pick of the 1990 amateur draft.
"Having been born in this organization and grown up in this organization, this is the only organization I know," Jones said. "I would certainly love nothing more than to start my career here and finish here."
The deal, which contains two club options that could make it worth $120 million for eight seasons, would be the fourth-richest package in baseball, trailing only Cincinnati outfielder Ken Griffey Jr. ($116.5 million for nine years) Los Angeles pitcher Kevin Brown ($105 million for seven years) and New York Mets catcher Mike Piazza ($91 million for seven years).
"This kind of money is really unheard of," Jones said. "It's almost embarrassing to talk about because it's not where I came from. You know, I came from the middle class, and we had to work hard for what we've got."
Neither Jones nor the Braves would confirm the financial terms of the contract.
Braves general manager John Schuerholz said he is not bothered by paying astronomical salaries. He said Jones earned a paycheck that matches his status as one of the finest position players in baseball.
"We have a young man here who has established himself as one of the real cornerstone players of this franchise d he will buy a ranch to run with his father something he said he has wanted to do since he was 10 years old.
"It's all about where you're the happiest, and I'm happiest here," said Jones, a Florida native who lives just north of Atlanta.
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