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.
Sep 23, 2014, 6:29 AM EDT
Twelve games, six shutouts. And the Mariners and Indians lose ground.
Sep 22, 2014, 11:36 PM EDT
Jeter has caught fire with only days remaining in his career.
Sep 22, 2014, 10:23 PM EDT
Danny Duffy tossed six scoreless innings in his return from left rotator cuff inflammation.
Sep 22, 2014, 9:36 PM EDT
Sergio Romo and Shawon Dunston “exchanged heated words with raised voices” before Bruce Bochy intervened.
Sep 22, 2014, 8:55 PM EDT
Shoemaker came out of nowhere to go 16-4 with a 3.07 ERA and 124/24 K/BB ratio in 136 innings as a 27-year-old rookie, including a 9-1 record and 1.49 ERA in 67 innings since late July.
Sep 22, 2014, 8:21 PM EDT
Tomas, 23, could reportedly command a $100 million contract.
Sep 22, 2014, 7:55 PM EDT
Former major league pitcher and current player agent Dave Stewart is viewed as the overwhelming favorite for the job.
Sep 22, 2014, 7:49 PM EDT
Rough day for the Wren family.
Sep 22, 2014, 7:01 PM EDT
In his first full season as a starter Ross finishes with a 2.81 ERA and 195 strikeouts in 196 innings.
Sep 22, 2014, 6:43 PM EDT
The Royals made it interesting, but the Indians hung on for a 4-3 victory.
Sep 22, 2014, 6:28 PM EDT
In other words: He won’t be an option again this season even if the Mariners make a deep playoff run.
Sep 22, 2014, 6:10 PM EDT
Pearce has been one of baseball’s biggest surprises this season, batting .297 with 20 home runs and .932 OPS over 98 games.
Sep 22, 2014, 5:47 PM EDT
He’s owed $23 million in 2015, $25 million in 2016, and $25 million or a $5 million buyout for 2017.
Sep 22, 2014, 4:50 PM EDT
“He’s a good baseball guy, and we’re in this thing together.”
Sep 22, 2014, 4:40 PM EDT
Good news for the Yankees and their once and future ace
Sep 22, 2014, 4:19 PM EDT
When injuries wrecked the Mariners’ rotation depth Chris Young stepped in and went 12-6 with a 3.07 ERA through his first 24 starts.
Sep 22, 2014, 4:00 PM EDT
Sep 22, 2014, 3:49 PM EDT
Washington cut Perez loose after claiming light-hitting shortstop Pedro Florimon off waivers from Minnesota.
Sep 22, 2014, 3:15 PM EDT
The Cubs know they can’t just get by on change-of-scenery guys and sign-and-flip deals.
- And That Happened: Monday’s scores and highlights 0
- Frank Wren fired as Braves GM, John Hart to take over on an interim basis 41
- AND DOWN THE STRETCH THEY COME! Sizing up the final week of the regular season 36
- Must-Click Link: Derek Jeter opens up. Seriously, he really does. 45
- And That Happened: Sunday’s scores and highlights 58
- Must-click link: Tommy Harper and the Red Sox’ racist past 58
- Settling the Score: Saturday’s results 34
- Matt Garza ejected after hitting Andrew McCutchen a second time 34
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (123)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (107)
- Ron Washington claims he resigned because he cheated on his wife (103)
- Giants CEO Larry Baer thinks advertisements on uniforms are coming soon (88)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (85)