The Blue Jays have reached a preliminary agreement on a one-year contract extension with manager John Gibbons, according to a source with knowledge of the negotiations. An official announcement could come as early as Monday. "We've talked, but nothing's done," Gibbons said early Monday morning. Gibbons' new deal would pay him $650,000 in 2008 -- a $150,000 raise over his salary for the upcoming '07 season. Toronto general manager J.P. Ricciardi was not immediately available for comment. Last week, Gibbons said that he wasn't too concerned about his contract situation, describing the issue as a "low priority." "To be honest with you, I haven't given it a whole lot of thought," Gibbons said on Thursday about being in the last year of his current deal. "I'm not paralyzed by that. It's a game of results. If we play good, good things happen. If we don't? Bad things happen."