TUESDAY, 9:51am: In a pair of tweets, Tom Pelissero of USA Today passes along the specifics of Jones’ new deal: The contract includes a roster bonus of $855K for the 2014 season, as well as annual $50K workout bonuses. Jones’ 2014 base salary remains at the minimum ($645K), while it will increase to $1.1MM for each of the following three seasons.

MONDAY, 1:18pm: Jones’ new three-year deal is worth $4.355MM, tweets Mike Garafolo of FOX Sports 1. That brings the four-year total for the special teams standout to $5MM.

12:56pm: The Raiders have signed cornerback Taiwan Jones to a three-year contract extension, the Raiders announced today in a press release. Jones, who had one year remaining on his rookie deal, will now be under contract through 2017.

“I was excited when they came to me about the extension,” Jones said in a statement. “It is definitely a blessing for a local kid to be part of the Raiders’ turnaround. I’ve been an underdog all my life, so I think it’s very fitting for me to remain here. I’m definitely excited about it.”

Jones, 25, came into the league as a running back, but made the transition to the defensive side of the ball last season. His real contributions have come on special teams though — not only does he play on the Raiders’ kick coverage units, but he also acted as a kick returner in 2013, averaging 24.0 yards per return in 26 chances.

The financial details of Jones’ new contract aren’t yet known, but he had been on a minimum salary deal that initially included a $405K signing bonus. I don’t imagine he’ll receive a significant bump in salary in the new agreement.