It’s been the talk of baseball all day. The Tigers are locking down super star Miguel Cabrera for what will probably be the remainder of his career. The questions that have been floating around are how long and how much?
It was recently reported by ESPN’s Jerry Crasnick that the extension will be for ten years and just under $300 million dollars. It will include the remaining two years on Cabrera’s contract and add eight additional years. The contract will run until Cabrera is 40-years old in 2023.
About ten minutes ago at 6:56pm EDT John Morosi of Fox Sports says that the new money deal works out to eight years and $248 million. Cabrera’s average annual value will amount to $31 million, which will make him the highest paid player in the history of the game over Clayton Kershaw. It also puts him atop the richest contracts of all time. Prior to today the first two both went to Alex Rodriguez at $275 million and $252 million. Currently tied now for fourth all time are Robinson Cano and Albert Pujols at $240 million.
The total commitment made by the Detroit Tigers will be approximately $292 million over ten years. Cabrera has proven he is worth it but that is one large sum of money to invest in one player.