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.
Jul 26, 2014, 8:55 AM EDT
A quick recap of a busy Friday around MLB, including another win for the red-hot Rays.
Jul 26, 2014, 12:28 AM EDT
Triples galore for the Dodgers in San Francisco on Friday night.
Jul 25, 2014, 11:55 PM EDT
Ichiro Suzuki went yard for the first time this season, taking Mark Buehrle deep. He had previously homered on August 30 last year against the Orioles.
Jul 25, 2014, 11:25 PM EDT
Jose Bautista isn’t a huge fan of the beards Athletics Derek Norris and Sean Doolittle are sporting.
Jul 25, 2014, 10:55 PM EDT
The Independent League is taking measures to speed up games. Could MLB do the same?
According to Five Thirty Eight, Billy Beane’s A’s have exceeded expectations by nearly $1.38 billion
Jul 25, 2014, 10:15 PM EDT
We knew Billy Beane was good… but that good?
Jul 25, 2014, 9:35 PM EDT
The Cardinals are trying to add yet another catcher in A.J. Pierzynski, which would mean George Kottaras could be on his way out.
Jul 25, 2014, 8:45 PM EDT
The struggling Daisuke Matsuzaka will have his elbow examined, which will let the Mets know how to proceed.
Jul 25, 2014, 7:55 PM EDT
Jimmy Rollins needed 1,100 plate appearances total between 2013-14 in order for his $11 million option for 2015 to become guaranteed. He hit PA #1,100 during tonight’s game against the Diamondbacks.
Jul 25, 2014, 7:40 PM EDT
Yasiel Puig and Hanley Ramirez are back. Making things even more interesting, Puig will play center field.
Jul 25, 2014, 6:55 PM EDT
Jesus Montero gets the boot back to Triple-A to make room for the recently-acquired Kendrys Morales.
Jul 25, 2014, 6:10 PM EDT
Dan Uggla is back in the big leagues! What could go wrong?
Jul 25, 2014, 5:19 PM EDT
Career minor leaguer Jake Smolinski got a chance in Texas because of the Rangers’ never-ending injuries and took advantage by hitting .389 in 11 games, but now he’s headed to their crowded disabled list with a bone bruise in his foot.
Jul 25, 2014, 4:45 PM EDT
No word on whether the Dodgers are one of them.
Jul 25, 2014, 4:20 PM EDT
Presumably enough time has passed for some of the animosity to fade, but Ortiz’s at-bats will definitely be worth watching tonight.
Jul 25, 2014, 4:02 PM EDT
Acquired from the Rockies yesterday for cash considerations, left-hander Chris Capuano will join the Yankees’ rotation and make his debut Saturday versus the Blue Jays.
Jul 25, 2014, 3:14 PM EDT
Tonight makes sense. Yesterday’s benching still makes none.
Jul 25, 2014, 2:44 PM EDT
McGuire was the 11th overall pick in 2010 and his pro career got off to a good start, but he’s struggled against more experience competition and has an ERA above 5.00 between Double-A and Triple-A.
Jul 25, 2014, 2:20 PM EDT
Issues caused by pre-existing injuries could lead to more disagreements, such as the one between Brady Aiken and the Astros that was played out on a public stage.
Jul 25, 2014, 1:13 PM EDT
At age 41 he’s at risk to break down, but Colon has a 2.98 ERA in his last 12 starts with a 62/14 K/BB ratio and .217 opponents’ batting average in 85 innings.
- Settling the Score: Friday’s results 0
- How’d he do that? Magician Maddux fooled hitters all the way to Hall 23
- And That Happened: Thursday’s scores and highlights 46
- MLBPA files grievance against Astros in regard to draft pick situation 35
- The eyes have it: Thomas’ greatness built on patience 14
- Expert’s Corner: How to troll fans of all 30 teams 200
- Mariners re-acquire Kendrys Morales from Twins for Stephen Pryor 22
- A’s designate $10 million reliever Jim Johnson for assignment 37
- Expert’s Corner: How to troll fans of all 30 teams (200)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (162)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)