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.

Report: Red Sox expected to announce J.D. Martinez signing on Monday

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Tomorrow will mark a week since the Red Sox reportedly inked outfielder J.D. Martinez to a five-year, $110 million contract. The signing hasn’t been made official yet, however, due to an apparent medical issue. That will change tomorrow morning as the Red Sox have a press conference scheduled with Martinez where they’re expected to announce the signing at long last, Evan Drellich of NBC Sports Boston reports.

According to Jon Heyman of FanRag Sports, the terms of the deal aren’t expected to change. Presumably, the Red Sox had some safeguards put into the contract to protect them against whatever spooked them with the results of Martinez’s physical.

Martinez, 30, was the top free agent hitter after batting .303/.376/.690 with 45 home runs and 104 RBI in 489 plate appearances last season with the Tigers and Diamondbacks. He has expressed an interest in continuing to play in the outfield, but MLB.com’s Ian Browne says he will get a majority of his playing time as a DH with the Red Sox. Hanley Ramirez will share first base with Mitch Moreland.