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 5, 2015, 8:49 AM EDT
A quick recap of a busy Friday around MLB, including a walk-off win for the Nationals.
Sep 4, 2015, 11:40 PM EDT
A.J. Burnett feels great and wants to pitch again for the Pirates before the end of the season.
Sep 4, 2015, 11:05 PM EDT
Chris Davis homered twice against the Blue Jays on Friday to move past Nelson Cruz for the major league home run lead.
Sep 4, 2015, 10:15 PM EDT
Reds outfielder Billy Hamilton will rehab at Double-A and should rejoin the big league squad soon.
Sep 4, 2015, 9:25 PM EDT
Wil Myers will make his long awaited return to the Padres’ lineup on Friday night after missing nearly three months with a wrist injury.
Sep 4, 2015, 8:35 PM EDT
The Astros want to sign Dallas Keuchel to at least a four-year extension, but the two sides won’t negotiate until the season is over.
Sep 4, 2015, 7:45 PM EDT
James Paxton will sit for a few days while his fingernail heals, then resume rehabbing with Triple-A Tacoma.
Sep 4, 2015, 6:55 PM EDT
Corey Kluber will miss 10 days after tweaking his hamstring in a side session.
Sep 4, 2015, 6:05 PM EDT
Brad Ausmus could soon be out of a job as the Tigers sink in the AL Central.
Sep 4, 2015, 5:03 PM EDT
Brown may be done for the year.
Sep 4, 2015, 4:47 PM EDT
Any further concussion-related problems could force the former MVP into retirement
Sep 4, 2015, 3:48 PM EDT
Jay missed the past two months with a wrist injury.
Sep 4, 2015, 3:23 PM EDT
Viva abuse of the forfeiture laws
Sep 4, 2015, 2:13 PM EDT
The Matt Harvey controversy is a lot like the Stephen Strasburg shutdown of 2012. But Sandy Alderson is not going to do what Mike Rizzo did, someone close to him says.
Sep 4, 2015, 1:38 PM EDT
Gloves? Who needs a glove?
Sep 4, 2015, 1:10 PM EDT
Adding a 30-homer bat to the lineup.
Sep 4, 2015, 12:44 PM EDT
He’ll miss at least one week.
Sep 4, 2015, 12:29 PM EDT
A good move by ESPN.
Sep 4, 2015, 11:33 AM EDT
Teixeira suffered the injury on August 17.
Sep 4, 2015, 11:03 AM EDT
Just when you thought the Mets would enjoy a smooth, controversy-free final month of the regular season.
- Settling the Score: Friday’s results 0
- Sandy Alderson is not going to “roll over” for Scott Boras and shut down Matt Harvey 65
- Dodgers are already fed up with 6.56 ERA-pitching, excuse-making Mat Latos 57
- And That Happened: Thursday’s scores and highlights 58
- Bryce Harper walks in all four of his plate appearances, scores four runs 24
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game 147
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff 145
- And That Happened: Wednesday’s scores and highlights 74
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game (147)
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff (145)
- Matt Williams puts up another strong performance in his quest to get himself fired (107)
- David Ortiz tweets his happiness about the Deflategate decision (101)
- Why Mike Mussina keeps getting hosed in the Hall of Fame voting (90)