October 23, 2014
Baseball - Major LeaguesSaturday, March 29, 2014
Tigers’ Cabrera signs record deal
Will earn 292M dollars over 10 years
Miguel Cabrera will finish his MLB career with the Detroit Tigers after the team signed him to an eight-year contract extension. The deal qualifies for the largest contract in baseball history.
DETROIT — Triple Crown winner Miguel Cabrera will earn a Major League Baseball-record 292 million dollars over the next decade under a 248 million dollars, eight-year deal with the Detroit Tigers through 2023.
Cabrera is due 44 million dollars over the final two years of his 152.3 million dollars, eight-year contract that runs through 2015. The new deal was announced yesterday at a news conference in Lakeland, Florida.
The contract’s average of 31 million dollars tops the previous mark of 30,714,286 dollars set by Los Angeles Dodgers pitcher Clayton Kershaw in his 215 million dollars, seven-year deal in January. The total commitment tops the record set by New York Yankees third baseman Alex Rodríguez with a 275 million dollars, 10-year agreement in 2007.
Cabrera will make 45,858 dollars per plate appearance under the new deal’s 31 million dollars average annual value, based on his yearly average of 676 plate appearances during six seasons with the Tigers. That’s higher than the average US yearly wage of 42,498 dollars in 2012, according to the Social Security Administration.
The Tigers and owner Mike Ilitch, who desperately wants to win a World Series, close spring training showing their fans they are willing to pay what it takes to keep great players. The franchise offered pitcher Max Scherzer 144 million dollars over six years recently, but the Cy Young Award winner turned it down, likely setting himself up to become a free agent after the season. Detroit dealt Prince Fielder and his 214 million dollars contract in November to Texas — less than two years after giving it to him — for second baseman Ian Kinsler, sending 30 million dollars to the Rangers as part of the swap.
Clearly, the Tigers want Cabrera to end his career in the Motor City.
Cabrera, who turns 31 next month, has been voted MVP in each of the last two seasons. He is the first player to win the award in consecutive seasons since Frank Thomas two decades ago.
The Venezuelan slugger won the Triple Crown in 2012 — becoming the first player to lead either league in batting average, homers and RBIs since 1967, when Boston’s Carl Yastrzemski pulled off the rare feat.