Miguel Cabrera

UPDATE: Miguel Cabrera, Tigers agree to extension; will make $292M over next 10 years

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UPDATE: CBS Sports’ Jon Heyman reports that the deal includes two vesting options valued at $30 million each. If Cabrera maxes out the deal, he could make as much as $352 million over 12 years.

6:56 p.m. ET: The new money in the deal works out to eight years and $248 million, per FOX Sports’ Jon Paul Morosi. That’s an AAV (average annual value) of $31 million, which would surpass Clayton Kershaw for the highest in baseball history.

The total commitment over the next 10 years will be around $292 million. That figure was first floated by Chris Cotillo of MLB Daily Dish.

6:37 p.m. ET: According to ESPN’s Jerry Crasnick, the extension will be for 10 years and just under $300 million. The deal includes the two years remaining on Cabrera’s current contract and eight additional years. It will take him through 2023 and his age-40 season.

Cabrera was set to make $44 million from 2014-2015, so depending on the structure, the deal could include around $250 million in new money. That would put him in the stratosphere of the two Alex Rodriguez contracts ($275 million and $252 million), which are the richest in baseball history. Albert Pujols and Robinson Cano ($240 million) are tied for third.

6:15 p.m. ET: FOX Sports’ Jon Paul Morosi reports that the new deal will add at least six years on to Cabrera’s current contract, which is set to expire after 2015. He will receive an AAV (average annual value) of around $30 million in those six years, which means that the Tigers’ commitment to Cabrera over the entire eight-year span will be at least $224 million. We should know more soon.

6:06 p.m. ET: CBS Sports’ Jon Heyman reports that the Tigers and Cabrera have reached agreement on an extension. It’s believed to be for at least seven years.

FOX Sports’ Jon Paul Morosi hears that the AAV (average annual value) is expected to be around $30 million, which would be a new record for a position player. If these reports are accurate, we’re likely looking at a guarantee of at least $210 million.

5:30 p.m. ET: Detroit may have missed its chance to extend Max Scherzer’s contract before he hits the open market, but Jon Heyman of CBSSports.com reports that the Tigers are close to a long-term contract extension with two-time MVP Miguel Cabrera.

Cabrera has two more seasons remaining on an eight-year, $152 million deal, with $22 million salaries owed in 2014 and 2015, but so far at least there’s no word on the specifics of the extension.

This is Cabrera’s age-31 season and he followed up winning the traditional Triple Crown in 2012 by winning the sabermetric Triple Crown last season, leading the league in batting average, on-base percentage, and slugging percentage. Combined over the past four seasons he hit .337 with a 1.037 OPS while averaging 39 homers, 40 doubles, 88 walks, and 127 RBIs.

Albert Pujols’ ten-year, $240 million deal with the Angels and Joey Votto’s ten-year, $225 million deal with the Reds would seemingly be pretty good starting points for a Cabrera extension and it’s tough to imagine him getting less than $200 million considering Prince Fielder got $214 million from the Tigers as a free agent two offseasons ago.

Report: Astros remain in contact with the Athletics on Sonny Gray

OAKLAND, CA - AUGUST 06: Sonny Gray #54 of the Oakland Athletics pitches against the Chicago Cubs during the first inning at the Oakland Coliseum on August 6, 2016 in Oakland, California. (Photo by Jason O. Watson/Getty Images)
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The Astros remain in contact with the Athletics on starting pitcher Sonny Gray, Ken Rosenthal of FOX Sports reports. The Astros have added Charlie Morton this offseason, but the club has been trying to add a big-name starting pitcher to put at the top of the rotation behind Dallas Keuchel.

Gray, 27, was limited to 22 starts in the 2016 season due to a forearm issue. His stats left a lot to be desired, as he finished with a 5-11 record, a 5.69 ERA, and a 94/42 K/BB ratio over 117 innings. Considering how Gray pitched in the previous three years, he’s a good bet to bounce back.

Gray is under team control through 2019, which is a big draw for the Astros. Needless to say, the Athletics would want a haul in terms of prospects. Gray will earn $3.575 million in 2017, having avoided arbitration in his first year of eligibility.

President Obama Welcomes the Cubs to the White House

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As we noted last week, The Chicago Cubs took the unusual step of not waiting until the summer after winning the World Series to make their customary White House visit to meet the president. They did it today, seeing President Obama a few short days before he leaves office.

Despite the fact that Obama is a White Sox fan, he met the Cubs with diplomacy and grace. It’s almost as if he’s been in that business for the past eight years. In return, he was given some gifts by the Cubs: Theo Epstein presented Obama with a No. 44 Cubs jersey, a tile from the center field scoreboard at Wrigley Field, and a lifetime pass to Wrigley as well.

Obama is staying in D.C. after he leaves office this week, hanging around so his daughter can finish high school in the same place she started. Even so, he’s likely going to be back to Chicago a good bit over the rest of his life, so he’ll likely be able to put the free pass to work. Assuming it comes with, like, six companion passes for his Secret Service detail.