Max Scherzer took out an insurance policy after rejecting contract extension from Tigers

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You might remember that Tigers right-hander and 2013 AL Cy Young Award winner Max Scherzer rejected a six-year, $144 million contract extension from the Tigers in the spring. It was a calculated risk for a pitcher who could hit it big on the free agent market this winter. However, he has a Plan B if something goes terribly awry in the coming months.

Tom Verducci of SI.com has the story:

Scherzer revealed to SI.com that he took out an insurance policy that covers lost potential earnings if he is injured prior to hitting the free agent market this winter.

“This takes the injury risk out of it,” said Scherzer, who did not specify if the policy covered all or most of the $144 million.

It’s not like Scherzer will be hard-up for cash if hurts his arm tomorrow and never plays again. Including this year’s $15.525 million salary, he has made almost $30 million during his career. Still, it’s a smart and logical move for him. This kind of thing is probably more common than we realize, though Scherzer’s situation obviously commands more attention since he could fetch a $200 million deal this winter if all goes according to plan for him and his agent Scott Boras.

SportsDash: Jeff Passan explains why Scherzer’s arm is so expensive

Report: Brewers have made formal contract offer to Yu Darvish

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Yahoo Japan reported on Sunday (Monday there) that the Brewers have made a formal contract offer to free agent pitcher Yu Darvish. Ken Rosenthal of The Athletic has confirmed Yahoo Japan’s report. The length of the offered contract and the value are not known at the moment.

Darvish recently said on his personal Twitter account that the Rangers, Yankees, Cubs, Astros, Twins, and “one more team” have been in the running for his services. The unnamed team was believed to be the Dodgers, but it may well be the Brewers.

The Brewers could certainly use Darvish’s arm. Chase Anderson and Zach Davies currently lead the starting rotation and the club added Jhoulys Chacin and Yovani Gallardo this offseason.

Darvish, 31, posted a 3.86 ERA with a 209/58 K/BB ratio in 186 2/3 innings between the Rangers and Dodgers in the regular season last year. He faltered in the playoffs, specifically in the World Series, where he gave up nine runs in 3 1/3 innings across two starts. Darvish was apparently tipping his pitches, however, which is a correctable issue.