Miguel Cabrera will get $2 million for MVPs and $1 million for Triple Crowns

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As part of his new eight-year, $253 million extension with the Tigers reigning back-to-back MVP Miguel Cabrera has bonuses for winning the award again or capturing another Triple Crown in the future.

Via the Associated Press, beginning in 2016 his contract will pay an additional $2 million for each MVP award and another $1 million for each Triple Crown, which is leading the league in batting average, home runs, and runs batted in.

So, if the deal would have been in place previously Cabrera would have been in line for an extra $3 million in 2012 and $2 million in 2013. Interestingly, he won the so-called sabermetric Triple Crown in 2013 by leading the league in batting average, on-base percentage, and slugging percentage, but the Tigers didn’t put any bonuses for that into the extension.

MVP voting will also have an impact on the 2024 and 2025 team options in his contract, because they kick in for $30 million each season if he finishes among the top 10 vote-getters the previous year. All of which means baseball writers with MVP votes have the ability to make Cabrera a whole bunch of extra money, particularly since a top-10 finish typically only requires a few up-ballot votes. Of course, who knows what the MVP voting process will look like come 2025. By that point they might just let Mike Trout pick a winner each year.

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.