Mar 29, 2013, 12:56 PM EST
Justin Verlander was eligible for free agency after the 2014 season, but the former MVP and the Tigers have agreed to a five-year contract extension that will keep him in Detroit through at least 2019.
Verlander was already under contract for $20 million this season and $20 million next season as part of a deal signed in December of 2010. This extension will begin in 2015 and includes a sixth-year option for 2020, which would be Verlander’s age-37 season.
According to Buster Olney of ESPN.com the total value of the deal if his existing 2013 and 2014 salaries are included is $180 million and the contract could be worth as much as $202 million if the 2020 option gets picked up. Which, if I’m doing the math correctly before official numbers are released, essentially means the five-year extension is worth $140 million or $28 million per season.
Verlander won the Cy Young and the MVP in 2011, finished runner-up for the Cy Young last season, and led the league in innings pitched in three of the past four years. During that four-year stretch of 2009-2012 he led all MLB pitchers in wins, starts, strikeouts, and Wins Above Replacement while ranking second in innings and fifth in both ERA and strikeout rate.
Massive long-term commitments to pitchers are awfully scary no matter the circumstances–with this week’s Johan Santana news providing the most recent cautionary tale–but no pitcher has been better or more durable than Verlander through age 29.
- Where does Nelson Cruz go from here? 38
- Shin-Soo Choo agrees to seven-year, $130 million deal with Rangers 84
- Grant Balfour may file a grievance over Orioles’ decision to back out of contract 23
- Former Major Leaguer Gabe Kapler wants collisions to remain part of the game 44
- Carlos Beltran introduced by the Yankees, takes a shot at the Mets 42
- Hall of Fame voting expert: Greg Maddux makes it. No one else does. (105)
- I don’t know what the best baseball song is, but it ain’t John freakin’ Fogerty (102)
- Happy Birthday, Ty Cobb! (89)
- Shin-Soo Choo agrees to seven-year, $130 million deal with Rangers (84)
- ‘Tis the season for people acting incredibly dumb (74)