Source: Cabrera, Tigers agree to terms on long-term extension
The Tigers went into Spring Training with two contract situations to watch: Max Scherzer entering his final year before free agency, and Miguel Cabrera entering the stage to consider an extension with two years left on his deal. Detroit will head north having locked up one of the two.
Cabrera and the Tigers have agreed to terms on an eight-year extension that, when added in with the remaining two seasons on his current deal, is expected to comprise the largest contract in baseball history, a source with knowledge of the talks told MLB.com. The deal will be announced on Friday, the final day for the Tigers’ Spring Training camp. Jon Heyman first reported the deal Thursday evening.
The agreement extend Cabrera’s current contract through at least 2023. Published reports estimate the value of the extension at $248 million guaranteed. A report from CBSSports.com’s Jon Heyman said the deal will include vesting options for two more years at $30 million each.
Add in the remaining years on his current contract, which will pay him $22 million per year in 2014 and ’15, and Cabrera would make about $292 million over the next 10 seasons, not including the options. With or without the options, if the remaining years on the current deal are included, the terms mark the largest contract in Major League history, surpassing the 10-year, $275 million deal signed by Alex Rodriguez after the 2007 season. It would also all but ensure that Cabrera concludes his career in a Tigers uniform.
While Scherzer’s situation had a sense of urgency to it this spring, with free agency so close and neither side interested in negotiating during the season, Cabrera has been fairly laid-back about his contract talk. He said going into camp that they had no rush on getting a deal done, tempering fears that this spring would be Detroit’s lone shot to keep him long-term.
An extension comes almost six years to the day after the Tigers made Cabrera, then a new arrival from the Marlins, one of the highest-paid players in the game. He’s scheduled to make $22 million this season and next on the eight-year, $152.3 million extension he signed on March 24, 2008.
When that deal came together, observers said Ilitch finally had the baseball superstar he wanted. This deal ensures that he’ll keep him for the rest of Cabrera’s career and likely the rest of Ilitch’s days.