Breaking down the Cabrera extension

The year-by-year breakdown of Miguel Cabrera’s $292 million extension came out today, first reported by Jon Heyman. And the contract is somewhat backloaded, though maybe not as much as expected.

Cabrera’s $22 salary remains intact for this year and next. His salary will jump to $28 million for 2016 and 2017, then $30 million from 2018 through 2021. The last two guaranteed seasons of his deal are the most lucrative at $32 million each. Thus, yes, Cabrera will make $32 million at age 40 in 2023.

Cabrera will get either a $30 million salary in 2024, if his option vests with a top 10 MVP finish or if the club picks it up, or he’ll get an $8 million buyout. The same option is in place for 2025, though not with a buyout.

The deal also includes some good-sized bonuses. Another MVP award will earn him $2 million. Finishing second through fifth in the voting will earn him $200,000. Placing sixth through 2010 will earn him $100,000. Winning the Hank Aaron Award is worth $250,000. He also has a bonus of $100,000 for being voted an All-Star or being named to the Baseball America, AP or Sporting News end-of-season All-Star teams.

Cabrera has $100,000 bonuses for Silver Slugger and Gold Glove awards, $150,000 for LCS Most Valuable Player, and $200,000 for World Series MVP. If he wins league MVP, the Hank Aaron Award and World Series MVP in the same season, he gets a $1 million bonus.

Bottom line, he has a pretty good chance at earning well beyond the $292 million guaranteed money in his contract.

6 Comments

If I recall the ending correctly, Collins pinch ran for Avila, went to third on the Castellanos single, and that brought the infield in and set up the Gonzalez single.
If I remember Jim Leyland correctly, he wouldn’t have pinch run for Avila because it would leave Holaday as his only catcher and Victor was already at DH. In game decisions.

fair enough. If he did pinch run for Avila, he would have put in Don Kelly. Perhaps Brad didn’t want Don messin’ with that hammy today.

I did consider Kelly for the sac fly after Collins got to third, but didn’t know if he was available. Gonzalez made that thinking obsolete.

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Leyland didn’t gave replacements with any speed that could do those things…different team

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