ESPN is reporting that the Tigers and Miguel Cabrera have agreed to a contract extension worth $153.3 million over 8 years.
The story says that Cabrera will get $11.3 million in 2008, and $19 million per year thereafter, but the numbers don't really work out that way, so we'll have to see once we get a clarification.
However...this is a very good deal for the Tigers, who get one of the best hitters in baseball through his age 32 season for what is, all in all, a pretty reasonable amount. The length isn't such a big issue, given Cabrera's age, and $19 million per year for an elite hitter is probably below market rate right now.
If the Rangers could have gotten Cabrera for $22-23 million per year over 8 years, I'd have been ecstatic.
Great deal for Detroit, if true.