Mar 27, 2014, 8:10 PM EDT
UPDATE: CBS Sports’ Jon Heyman reports that the deal includes two vesting options valued at $30 million each. If Cabrera maxes out the deal, he could make as much as $352 million over 12 years.
6:56 p.m. ET: The new money in the deal works out to eight years and $248 million, per FOX Sports’ Jon Paul Morosi. That’s an AAV (average annual value) of $31 million, which would surpass Clayton Kershaw for the highest in baseball history.
The total commitment over the next 10 years will be around $292 million. That figure was first floated by Chris Cotillo of MLB Daily Dish.
6:37 p.m. ET: According to ESPN’s Jerry Crasnick, the extension will be for 10 years and just under $300 million. The deal includes the two years remaining on Cabrera’s current contract and eight additional years. It will take him through 2023 and his age-40 season.
Cabrera was set to make $44 million from 2014-2015, so depending on the structure, the deal could include around $250 million in new money. That would put him in the stratosphere of the two Alex Rodriguez contracts ($275 million and $252 million), which are the richest in baseball history. Albert Pujols and Robinson Cano ($240 million) are tied for third.
6:15 p.m. ET: FOX Sports’ Jon Paul Morosi reports that the new deal will add at least six years on to Cabrera’s current contract, which is set to expire after 2015. He will receive an AAV (average annual value) of around $30 million in those six years, which means that the Tigers’ commitment to Cabrera over the entire eight-year span will be at least $224 million. We should know more soon.
6:06 p.m. ET: CBS Sports’ Jon Heyman reports that the Tigers and Cabrera have reached agreement on an extension. It’s believed to be for at least seven years.
FOX Sports’ Jon Paul Morosi hears that the AAV (average annual value) is expected to be around $30 million, which would be a new record for a position player. If these reports are accurate, we’re likely looking at a guarantee of at least $210 million.
5:30 p.m. ET: Detroit may have missed its chance to extend Max Scherzer‘s contract before he hits the open market, but Jon Heyman of CBSSports.com reports that the Tigers are close to a long-term contract extension with two-time MVP Miguel Cabrera.
Cabrera has two more seasons remaining on an eight-year, $152 million deal, with $22 million salaries owed in 2014 and 2015, but so far at least there’s no word on the specifics of the extension.
This is Cabrera’s age-31 season and he followed up winning the traditional Triple Crown in 2012 by winning the sabermetric Triple Crown last season, leading the league in batting average, on-base percentage, and slugging percentage. Combined over the past four seasons he hit .337 with a 1.037 OPS while averaging 39 homers, 40 doubles, 88 walks, and 127 RBIs.
Albert Pujols’ ten-year, $240 million deal with the Angels and Joey Votto‘s ten-year, $225 million deal with the Reds would seemingly be pretty good starting points for a Cabrera extension and it’s tough to imagine him getting less than $200 million considering Prince Fielder got $214 million from the Tigers as a free agent two offseasons ago.
Mar 27, 2015, 4:40 PM EDT
Drabek was once a top prospect and the Blue Jays acquired him from the Phillies in the Roy Halladay trade.
Mar 27, 2015, 4:13 PM EDT
The Rule 5 pick had a decent shot of making the Mariners’ pen out of camp.
Mar 27, 2015, 3:20 PM EDT
Should we be taking the rebuilt White Sox seriously as contenders?
Mar 27, 2015, 2:34 PM EDT
Verlander has continued to struggle this spring.
Mar 27, 2015, 2:01 PM EDT
There is only one reason a player should be tested for drugs as often as David Ortiz claims he has been: a previous positive test.
Mar 27, 2015, 12:46 PM EDT
Thanks to his mid-90s fastball and fantastic strikeout totals Salazar was a popular breakout pick for 2015.
Mar 27, 2015, 12:30 PM EDT
No word on “yicketty.”
Mar 27, 2015, 12:00 PM EDT
The Braves had one of the stranger off-seasons, both adding and subtracting players while also attempting to rebuild. How bad will they be in 2015?
Mar 27, 2015, 11:28 AM EDT
So far so good in Tanaka’s attempt to avoid Tommy John surgery.
Mar 27, 2015, 11:09 AM EDT
Good intentions are never enough.
Mar 27, 2015, 10:47 AM EDT
Howie Kendrick’s replacement.
Mar 27, 2015, 10:15 AM EDT
Ludwick signed a minor-league deal with the Rangers in early February and it would have paid $1.75 million if he made the team at age 36.
Mar 27, 2015, 9:39 AM EDT
But it probably doesn’t matter because a reinstated Rose would be pretty limited to begin with.
Mar 27, 2015, 9:14 AM EDT
And 15 MLB teams are now worth at least $1 billion, according to Forbes.
Mar 27, 2015, 8:42 AM EDT
Dave Righetti thinks it may have to do with weight training.
Mar 27, 2015, 7:47 AM EDT
Kudos to Epstein for a good answer. Kudos to Schilling for a couple of more probing questions.
Mar 26, 2015, 11:02 PM EDT
In a first-person essay for The Player’s Tribune, Red Sox slugger David Ortiz came out swinging against his critics.
Mar 26, 2015, 9:50 PM EDT
The Mets are keeping an eye on the Dodgers and Rockies as they look to replace Josh Edgin.
Mar 26, 2015, 9:10 PM EDT
Are they ready to contend?
Mar 26, 2015, 8:29 PM EDT
Robertson signed a four-year, $46 million deal with the White Sox over the winter to be their new closer.
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