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Justin Verlander and Tigers agree to $180 million contract

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Justin Verlander was eligible for free agency after the 2014 season, but the former MVP and the Tigers have agreed to a five-year contract extension that will keep him in Detroit through at least 2019.

Verlander was already under contract for $20 million this season and $20 million next season as part of a deal signed in December of 2010. This extension will begin in 2015 and includes a sixth-year option for 2020, which would be Verlander’s age-37 season.

According to Buster Olney of ESPN.com the total value of the deal if his existing 2013 and 2014 salaries are included is $180 million and the contract could be worth as much as $202 million if the 2020 option gets picked up. Which, if I’m doing the math correctly before official numbers are released, essentially means the five-year extension is worth $140 million or $28 million per season.

Huge, huge money, as $180 million tops Felix Hernandez’s short-lived record for pitchers of $175 million, although the stage is still set for Clayton Kershaw to become the first $200 million pitcher.

Verlander won the Cy Young and the MVP in 2011, finished runner-up for the Cy Young last season, and led the league in innings pitched in three of the past four years. During that four-year stretch of 2009-2012 he led all MLB pitchers in wins, starts, strikeouts, and Wins Above Replacement while ranking second in innings and fifth in both ERA and strikeout rate.

Massive long-term commitments to pitchers are awfully scary no matter the circumstances–with this week’s Johan Santana news providing the most recent cautionary tale–but no pitcher has been better or more durable than Verlander through age 29.

Bud Selig to teach a class at Arizona State law school

Bud Selig
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Before Bud Selig ultimately retired, he had a couple of false start retirement announcements only to have the owners beg him to sign on for one more term. In one of those false starts he talked about how the University of Wisconsin had set up an office for him in the history department and that he’d be doing some research and teaching a class now and again. And he has, in fact, taught some one-off seminars at Wisconsin’s law school and the like.

Now something a little more permanent along those lines is in the works for The Greatest Commissioner in Baseball History. The Arizona Republic reports that Selig will join the Sports Law and Business program at Arizona State University’s law school where he will teach and advise as well as start up a speakers series in which he will bring in high-powered guests. No word on how many speakers will talk about big, important historical sports law cases like, say collusion in baseball, which was orchestrated by an ownership class in the mid-to-late 80s, of which Bud Selig was far and away the most influential member. That could get sort of awkward, I suppose.

Either way, it’s a good way to keep busy. I mean, that’s what it has to be as he’s not hurting for cash, what with the obscene $6 million severance package the owners gave him to, I dunno, not give interviews about bad stuff that happened back in the day like Fay Vincent does all the time. Stuff like collusion. Maybe he gets the $6 million for some other purpose. Who can say, really? It’s never made any sort of sense otherwise.

Anyway, good luck in Tempe, Bud. Maybe I’ll stop by your office at ASU when I’m there next month — I always stay in Tempe — and we can chew the fat or climb that butte with the big A on it or something. First round at Four Peaks afterward is on me.

White Sox sign first baseman Travis Ishikawa

Pittsburgh Pirates first baseman Travis Ishikawa hits an RBI-single off Cincinnati Reds starting pitcher Raisel Iglesias to drive home Neil Walker in the seventh inning of a baseball game, Saturday, Aug. 1, 2015, in Cincinnati. The Reds won 4-3. (AP Photo/John Minchillo)
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First baseman Travis Ishikawa has agreed to a minor-league contract with the White Sox that includes an invitation to spring training.

Ishikawa was previously reported to have a minor-league deal with the Mariners last month, but the signing was never finalized. Now he joins the White Sox, who have Jose Abreu and Adam LaRoche ahead of him on the first base/designated hitter depth chart.

Ishikawa had some big moments for the Giants in the 2014 playoffs, but he’s a 32-year-old journeyman with a lifetime .255 batting average and .712 OPS in 488 games as a big leaguer.

It’s possible the White Sox could keep him around as a bench bat and backup first baseman/left fielder, but Ishikawa seems more likely to begin the season at Triple-A.

Mariners sign reliever Joel Peralta

Joel Peralta
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Right-hander Joel Peralta has agreed to a minor-league contract with the Mariners that includes an invitation to spring training.

Peralta spent last season with the Dodgers and was limited to 29 innings by neck and back problems, posting a 4.34 ERA and 24/8 K/BB ratio. Los Angeles declined his $2.5 million option, making him a free agent.

He was one of the most underrated relievers in baseball from 2010-2014, logging a total of 318 innings with a 3.34 ERA and 342 strikeouts, but at age 40 he’s shown signs of decline. Still, for a minor-league deal and no real commitment Peralta has a chance to be a nice pickup for Seattle’s bullpen.

White Sox sign Mat Latos

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Jerry Crasnick reports that the Chicago White Sox have signed Mat Latos.

Latos was pretty spiffy between 2010-2014, posting sub-3.50 ERAs each year.  Then the injuries came and he fell apart. He pitched for three teams in 2015 — the Dodgers, Angels, and Marlins — with a combined 4.95 ERA in 113 innings. And he didn’t make friends on those clubs either, with reports of clubhouse strife left in his wake.

In Chicago he gets a fresh start. It doesn’t come in a park that will do him any favors — Latos and U.S. Cellular Field don’t seem like a great match — but at this point beggars can’t be choosers.