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Olney: MLB executives are “appalled” over the Miguel Cabrera extension

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The Tigers have reportedly reached agreement on an extension with Miguel Cabrera which will pay him $292 million over the next 10 years and keep him under contract through at least his age-40 season. If the deal is announced as a 10-year extension, it will be the biggest financial commitment in sports history. While both parties are obviously happy with the new mega-deal, ESPN’s Buster Olney hears that executives around MLB are in shock:

Cabrera is entering his age-31 season now, so it’s not exactly bold to say that this deal probably won’t look very good in the end. Yes, he’s the best hitter in the world right now, but players get old and decline and the odds are against him being the exception. There’s also the matter of timing, as he was already under contract for two more seasons. Was there really a sense of urgency to get this done at this very moment? There’s a ton of money in the game right now and there’s an argument to be made that the players aren’t getting enough of it, but this type of deal just feels unnecessary given his age and what he’s likely to be toward the end of it.

If there’s anybody who is probably peeved by the news of this extension, it’s the Angels. Sure, there have been extension discussions in recent months, but can you imagine what Mike Trout will (or should) demand after this? Oh boy.

Report: Rockies haven’t discussed contract extension with Nolan Arenado

LOS ANGELES, CA - SEPTEMBER 23: Nolan Arenado #28 of the Colorado Rockies runs the bases after hitting a solo homerun in the sixth inning against the Los Angeles Dodgers at Dodger Stadium on September 23, 2016 in Los Angeles, California.  (Photo by Lisa Blumenfeld/Getty Images)
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In a mailbag published on Thursday, Patrick Saunders of the Denver Post says he has spoken with Arenado and his agent from the Wasserman Media Group. Based on that, he says the Rockies have not broached the subject of a contract extension with the All-Star third baseman.

Arenado will enter his second of four years of arbitration eligibility after earning $5 million for the 2016 season. He’s due to a hefty pay raise and will continue on that track into free agency after the 2019 season. It may behoove the Rockies to get extension talks started sooner rather than later. Saunders, however, thinks that Arenado wants to see if the Rockies become contenders in the next two seasons before signing the dotted line.

Arenado, 25, enters Thursday’s action batting .293/.361/.567 with 40 home runs, 130 RBI, and 112 runs scored in 678 plate appearances. His 40 homers is best in the National League and the 130 RBI are best in the majors. He has an argument for winning the National League Most Valauble Player Award.

Video: Scott Boras eulogizes Jose Fernandez

MIAMI, FL - SEPTEMBER 28: A detailed view of a memorial wall in honor of Jose Fernandez on September 28, 2016 in Miami, Florida. Mr. Fernandez was killed in a weekend boat crash in Miami Beach along with two friends.  (Photo by Rob Foldy/Getty Images)
Rob Foldy/Getty Images
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Agent Scott Boras eulogized client Jose Fernandez at his funeral on Thursday. Boras couldn’t even get through the first sentence without breaking down in tears. It was difficult to watch without wanting to sob myself, but it was a touching eulogy that spoke for a lot of people who were fond of Fernandez.