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: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.