The Los Angeles Dodgers have officially announced Chad Billingsley’s three-year contract extension today.  The new contract will cover the 2012-2014 season with an option for 2015.  The contract is in the neighborhood of $35 million. Dylan Hernandez of the Los Angeles Times adds that Billingsley’s deal includes a limited no-trade clause where he can block trades to 10 teams.

The deal was first reported by Joe McDonnell of FOXSportsWest.com.

Billingsley, the N0. 2 starting pitcher on the Dodgers, took the loss in his latest Spring outing. In three innings of work, Billingsley gave up two hits and two earned runs while striking out three batters, but the runs charged to him were a result of walk and a hit batter followed by a two-run double.  He’ll next take the mound on April 1 against the rival San Francisco Giants in Los Angeles.

Billingsley was 12-11 with a 3.57 ERA in 31 starts for the Dodgers in 2010. He’s under contract for 2011 for $6.275 million (an increase from the $3.85 million he made in 2010).