November 7th, 2010
UPDATE: The Tigers confirmed the deal in a release Monday morning. Terms are as listed.
Enrique Rojas of ESPN Deportes first reported the two sides were finishing up the final details this weekend. The contract is worth $11.25 million, and includes a third-year club option at $6 million.
The agreement takes Peralta off the market just as other teams had gained the right to talk to him about a contract. Peralta was prepared to listen to interest, but he made it clear Friday that his goal was to stay in Detroit, which acquired him in a trade from Cleveland near the end of July.
“My first preference is Detroit,” he reiterated to MLB.com in a phone interview from his offseason home in the Dominican Republic.
Peralta confirmed an agreement to the Detroit Free Press. Tigers officials did not immediately respond to a request for comment. The team generally does not confirm agreements before they’re formally announced.
Though an agreement was long-expected, negotiations between the Tigers and Peralta on a new deal took up the better part of a month, though they didn’t really pick up in seriousness until the last couple weeks. Peralta was hoping to get a two- or three-year deal as a trade-off for taking a lower salary than the $7.25 million club option the Tigers made clear they would not pick up. Detroit officially declined the option last week.
Peralta will still get a sizeable raise from his previous deal. He’ll make $5.25
million next season and $5.5 million in 2012, after which the Tigers will either
pick up his $6 million option for buy him out for $500,000.
Both sides stated encouragement towards getting a deal done once the Tigers made declined the option, the final piece of the five-year, $13 million contract he signed with the Indians after the 2005 season.