Justin Verlander has a 4.00 ERA and $167 million coming his way

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Even though the Tigers still had Justin Verlander signed for two more years, they signed their right-hander to a huge contract this spring that essentially made him the highest-paid pitcher ever. He’ll receive $28 million per year every year from 2015-2019.

That’s kind of a scary thought right now, isn’t it? Verlander gave up seven more runs Thursday in a loss to the White Sox. He fell to 10-8 with a 3.99 ERA for the season. Six times this year he’s allowed at least five earned runs in an outing. Only Mark Buehrle, R.A. Dickey and Jeremy Guthrie, with seven such outings, have done so more frequently.

That’s certainly not to say Verlander has been all bad. He has eight outings in which he’s allowed one or no earned runs, including two this month. His ERA ranks just 24th in the AL, but he is sixth in strikeouts and seventh in innings pitched. He’s hardly been a liability.

What is worrying is that Verlander’s average fastball has tumbled to 92.7 mph this year, according to Fangraphs’ Baseball Info Solutions data. He came in at 94.3 mph in 2012, and he was in the 95-96 mph range each of the three years before that.

Verlander isn’t falling apart, but it seems pretty likely that his peak has already come and gone. Before his Cy Young season in 2011, his career best ERA in six seasons was 3.37 and WHIP was 1.16. The mid-3.00 ERAs seem like the better bet for the future than the mid-2.00s of 2011 and ’12. And that’s probably the optimistic scenario for the Tigers, considering that he was baseball’s hardest working pitcher from 2009-2102.

The Tigers still had Verlander under control for two more years when they extended him this spring. Technically, it was announced as a brand new seven-year, $180 million contract, but in reality, it was a five-year, $140 million extension for 2015-19. At that rate, the deal had very little upside. Verlander needs to remain one of baseball’s best pitchers to justify that kind of salary, and that’s an awful lot to ask. There aren’t many pitchers in history who can claim to have had an eight- or 10-year run as one of baseball’s best.

If not for the extension, the Tigers would currently owe Verlander $27 million through the end of 2014. That sounds a whole lot better to me than $167 million through 2019.

Report: Orioles to name Brandon Hyde new manager

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Update (8:23 PM ET): MASN’s Roch Kubatko talked to new GM Mike Elias, who said there has been no offer made to Hyde for the position. Elias called the report “premature.”

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The Orioles are expected to name Cubs bench coach Brandon Hyde as the new manager, Joel Sherman of the New York Post reports. Nothing is official yet.

Hyde, 45, spent four seasons in the minors with the White Sox from 1997-2000, then played in the independent Western League in 2001 before calling it quits. He was a coach with the Marlins from 2010-12 and has been with the Cubs since 2013.

Other candidates for the Orioles’ open managerial position have included Pedro Grifol, Chip Hale, Mike Redmond, Mike Bell, and Manny Acta.

Hyde is taking over for Buck Showalter, who was at the helm of the Orioles from 2010-18. Last season, however, the Orioles finished 47-115, the worst record in team history. Hyde will be taking over a team that is rebuilding, so the expectations will be relatively low in his first couple of seasons.