Mar 27, 2014, 8:10 PM EST
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 4, 2015, 11:59 PM EST
MLB.com’s Alden Gonzalez has an update on the ongoing extension negotiations between Angels general manager Jerry Dipoto and veteran closer Huston Street …
Mar 4, 2015, 11:13 PM EST
The Mariners won their Cactus League opener Wednesday against the Padres, but it was not a totally problem-free afternoon in Peoria, Arizona.
Mar 4, 2015, 10:26 PM EST
Suspending Hamilton for a year would serve no purpose punitive systems are designed to serve. And would most likely not serve Josh Hamilton at all.
Mar 4, 2015, 9:52 PM EST
A four-person panel appointed by Major League Baseball to decide how Josh Hamilton should be handled following his recent relapse that involved at least cocaine has reportedly reached a stalemate.
Mar 4, 2015, 9:04 PM EST
The deal includes an invitation to the major league side of spring training, though Miller seems doubtful to win a spot on Tampa Bay’s Opening Day roster.
Mar 4, 2015, 8:21 PM EST
Royals reliever Tim Collins missed time last season with a flexor strain in his left elbow and again had an issue with the joint Wednesday in his 2015 Cactus League debut …
Mar 4, 2015, 7:17 PM EST
It was an enjoyable first day of Cactus League competition for Dodgers prospect Joc Pederson.
Mar 4, 2015, 6:22 PM EST
He successfully rehabbed a torn UCL in his right elbow last season and the Yankees’ fingers remain crossed that the 26-year-old from Japan will be able to avoid Tommy John elbow reconstructive surgery.
Mar 4, 2015, 4:50 PM EST
Mar 4, 2015, 4:18 PM EST
While it’s clear that the two do not see eye to eye, Billy Bean is choosing to look on the bright side of yesterday’s comments from Daniel Murphy.
Mar 4, 2015, 3:54 PM EST
A-Rod singled in his first at-bat.
Mar 4, 2015, 3:20 PM EST
What’s a churro dog, you ask? Click, my pretties. Click!
Mar 4, 2015, 1:26 PM EST
Athletes oftentimes, don’t see reporters as people. Reporters, oftentimes, don’t see athletes as people. Reporters, however have a duty of objectivity athletes don’t have.
Mar 4, 2015, 12:26 PM EST
He’ll miss at least a week.
Mar 4, 2015, 11:47 AM EST
The move leaves Craig Gentry and Sam Fuld to platoon in center field.
Mar 4, 2015, 11:20 AM EST
Billingsley hasn’t pitched in a big-league game since way back in April of 2013.
Mar 4, 2015, 11:05 AM EST
Today’s news sucks for Joel Hanrahan, but it’s a good basis for an explainer.
Mar 4, 2015, 10:52 AM EST
Wieters underwent Tommy John elbow surgery in June.
Mar 4, 2015, 10:15 AM EST
Now that David Price is out of the picture the Rays need a new Opening Day starter.
Mar 4, 2015, 9:59 AM EST
. . . it’s worth remembering that Schilling himself has some issues when it comes to sensitivity and enlightenment on social media.
- Suspending Josh Hamilton for a year would be obscene 40
- Report: MLB panel split on rehab for Josh Hamilton; one-year suspension is in play 19
- Joc Pederson goes 2-for-2 in Cactus League debut 4
- Braves scratch Mike Minor from start with more shoulder problems 2
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” 359
- Blue Jays sign Dayan Viciedo to a minor league deal 8
- Chris Sale will be sidelined for three weeks with foot fracture 11
- Aramis Ramirez says 2015 will be his last year 33
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” (359)
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (307)
- Curt Schilling lowers the boom on some men tweeting threats against his daughter (137)
- John Baker, Jeremy Brown, coal mines and class (80)
- Billy Bean responds to Daniel Murphy’s comments (74)