Roy Halladay signed a 3-year, $60 million extension to accept a trade to the Phillies with a chance to make another $20 million in 2014.

That option year is far from a guarantee, though. According to terms of the deal, obtained by the Daily News, the final year will be vested only if he pitches a combined 415 innings in 2012 and 2013, including at least 225 innings in 2013 when he'll turn 36 years old. The option would also be voided if he ends that season on the disabled list.

The ace righthander has pitched at least 225 innings in each of the last 3 years, but National League pitchers are subject to being pinch-hit for late in close games, something that's not an issue with the designated hitter in the AL.

Halladay will pitch next season under the terms of the final year of his Blue Jays contract.

He has a base salary of $15.75 million, with award bonuses of $250,000 for Cy Young or $200,000 for second; $200,000 for World Series MVP, $100,000 for LCS MVP; $125,000 for All-Star; and $50,000 for Gold Glove. He also donates $100,000 per year to the Jays Care Foundation and has a complete no-trade provision.

The extension gives him a base salary of $20 million in 2011, 2012 and 2013.

He also can earn a $100,000 award bonus for Cy Young or $75,000 for second or $50,000 for third; $100,000 for MVP or $75,000 for second or $50,000 for third; $100,000 for World Series MVP, $50,000 for LCS MVP; $50,000 for Gold Glove; $50,000 for Silver Slugger; and $50,000 for All-Star.

His new deal provides limited no-trade protection. It is believed he can name nine teams annually to which he cannot be traded. However, if another player on the Phillies receives a more favorable no-trade provision, his no-trade provision is automatically upgraded to match.