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.
Apr 18, 2015, 11:29 AM EDT
V-Mart took a few days off this week to rest his knee.
Apr 18, 2015, 10:45 AM EDT
Danny Salazar was optioned to Triple-A after struggling during spring training, but he’ll now get an extended opportunity in Cleveland’s rotation.
Apr 18, 2015, 10:00 AM EDT
It’s safe to say that nobody would have guessed this one.
Apr 18, 2015, 8:51 AM EDT
A quick recap of a busy Friday around MLB, including the exploits of Mets right-hander Bartolo Colon.
Apr 18, 2015, 7:17 AM EDT
There are, increasingly, two Angels camps when it comes to the Josh Hamilton matter: Arte Moreno and everybody else.
Apr 18, 2015, 6:49 AM EDT
When Angels owner Arte Moreno was asked if Josh Hamilton would ever play for the Angels again, he said “I will not say that.” With this listing, perhaps Hamilton is saying so himself.
Ruben Amaro on Andy Oliver’s decision to elect free agency: “I think it was a very foolish move on his part, but that’s OK.”
Apr 17, 2015, 11:30 PM EDT
Ruben Amaro seems a little upset that Andy Oliver didn’t want to start the season with Triple-A Lehigh Valley.
Apr 17, 2015, 10:50 PM EDT
The Mets will be stretching out Rafael Montero as a starter at Triple-A Las Vegas before bringing him back to the majors for a spot start against the Marlins.
Apr 17, 2015, 9:58 PM EDT
Mike Trout became the youngest to join the 100/100 club with a two-run home run on Friday night.
Apr 17, 2015, 9:17 PM EDT
Alex Rodriguez has two home runs on Friday night, leaving him two round-trippers shy of tying Willie Mays for fourth on the all-time home run leaderboard.
Apr 17, 2015, 9:11 PM EDT
Matt Carpenter made a cool maneuver to score the tying run in the bottom of the first against the Reds on Friday night.
Apr 17, 2015, 8:45 PM EDT
Neither side was warned, but Ubaldo Jimenez was ejected for hitting Pablo Sandoval with a pitch on Friday evening.
Apr 17, 2015, 7:50 PM EDT
A-Rod is now three home runs away from tying Willie Mays for fourth on the all-time home run leaderboard.
Apr 17, 2015, 7:15 PM EDT
Since 2000, how often have teams that started 9-1 went on to have playoff success?
Apr 17, 2015, 6:20 PM EDT
Mark Buehrle, baseball’s timeless left-hander, is reportedly considering retiring after the season.
Apr 17, 2015, 5:28 PM EDT
Well, he’s certainly not getting the support of the Los Angeles Angels.
Apr 17, 2015, 5:13 PM EDT
Apr 17, 2015, 4:16 PM EDT
Duensing had an ugly outing Thursday in which he turned a blowout into a save situation for closer Glen Perkins.
Apr 17, 2015, 3:41 PM EDT
Ryan Goins, who was called up from Triple-A, is expected to be Reyes’ primary fill-in at shortstop.
Apr 17, 2015, 3:15 PM EDT
And call up infielder Danny Muno.
- Settling the Score: Friday’s results 32
- Josh Hamilton’s teammates say he’s in great shape and ready to play 16
- Mike Trout hit his 100th career home run to become the youngest member of the 100 HR/100 SB club 23
- Make that two: Alex Rodriguez hits second homer of the night, giving him 658 for his career 41
- Alex Rodriguez hit his 657th career home run 48
- Let’s all just stare at Kris Bryant’s numbers for a while 28
- And That Happened: Thursday’s scores and highlights 39
- The wait is over: The Cubs are calling up top prospect Kris Bryant on Friday 99
- The Commissioner’s Office thinks that the Angels could indeed go after Josh Hamilton under his contract (153)
- “Why Ted Cruz is like the Atlanta Braves” (150)
- “We no longer need the terrorists. We’re now so good at terrorizing ourselves.” (143)
- Another argument in favor of making the DH universal (127)
- When it comes to Josh Hamilton, Arte Moreno is a craven opportunist, not a “smart businessman” (116)