Vladimir Guerrero Jr. and the Toronto Blue Jays agreed to a $500 million, 14-year contract that starts in 2026, a person familiar with the negotiations told The Associated Press, a deal that removes what would have been the biggest star from next offseason’s free-agent market.

The person spoke on condition of anonymity early Monday because the agreement had not been announced.

Guerrero’s deal does not include any deferred money, the person said.

“Wow. Awesome. As a teammate, we know who’s going be at first base the next 14 years,” Blue Jays pitcher Max Scherzer said Monday before a four-game series at Boston.

Guerrero agreed in January to a $28.5 million, one-year contract that avoided arbitration and the four-time All-Star first baseman had said he wouldn’t negotiate after he reported to spring training in mid-February. Still, talks with his agent continued well into the regular season.

Toronto manager John Schneider didn’t want to talk about the deal until it was finalized. Guerrero still must pass a physical. Schneider hoped “everything that is reported gets done.”

Guerrero got the third-largest contract in total dollars behind outfielder Juan Soto’s $765 million, 15-year contract with the New York Mets that started this season and two-way star Shohei Ohtani’s $700 million, 10-year agreement with the Dodgers that began last year and is heavily deferred.

Guerrero’s $35.71 million average annual value under the new deal ranks eighth among current contracts behind the agreements of Ohtani ($70 million), Soto ($51 million), Philadelphia pitcher Zack Wheeler ($42 million), Yankees outfielder Aaron Judge ($40 million), Texas pitcher Jacob deGrom ($37 million), Dodgers pitcher Blake Snell ($36.4 million) and Yankees pitcher Gerrit Cole ($36 million).

A son of Hall of Famer Vladimir Guerrero, the Blue Jays star turned 26 last month and would have been a free agent this fall at a relatively young age.

“He’s always been driven and he’s been pretty open about saying he wants to be as good or better than his dad, which is saying a lot,” Schneider said.

Guerrero is a .277 career hitter with 160 homers and 511 RBIs. He’s batting .256 with no homers and four RBIs in the first 10 games this season.

Seeking its first World Series title since winning championships in 1992 and 1993, Toronto notably failed to land Ohtani, Soto and Roki Sasaki. The Blue Jays agreed to a $92.5 million, five-year contract with outfielder Anthony Santander, a $15.5 million, one-year contract with right-hander Scherzer and a $33 million, three-year contract with reliever Jeff Hoffman.

ALSO: The Seattle Mariners placed outfielder Victor Robles on the 10-day injured list, one day after he suffered a dislocated left shoulder running into the outfield wall and getting caught up the netting in right field while chasing a fly ball in San Francisco. ... St. Louis Cardinals catcher Iván Herrera was placed on the 10-day injured list because of a bone bruise in his left knee. ... Right-handed pitcher Quinn Priester is going from Boston to Milwaukee in a trade that sends the Red Sox outfield prospect Yophery Rodriguez, a competitive balance selection in the upcoming draft and a player to be named. ... Baltimore Orioles reliever Albert Suárez has been transferred to the 60-day injured list with a shoulder issue, the team announced. ... Houston right-hander Spencer Arrighetti broke his right thumb when he was hit by a line drive while playing catch in left field before Monday night’s game at Seattle.