Max Scherzer has a seven-year deal with the Nationals

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Update #2 (12:43 AM ET): Ken Rosenthal reports that the deal is for more than $180 million.

Update (12:20 AM ET): William Ladson of MLB.com confirms the deal.

Jon Heyman of CBS Sports is reporting that the Nationals have a seven-year in place with starter Max Scherzer. The amount of the deal is not yet known, though it’s likely to be north of the $144 million, six-year offer (and the $24 million average annual value) he rejected from the Tigers in the spring. It was reported earlier that the Nationals were one of two teams in talks with the right-hander.

With Scherzer in the mix, the Nationals may explore trading either Jordan Zimmermann or Stephen Strasburg according to Jon Morosi of FOX Sports.

Scherzer, 30, has been one of baseball’s best starters over the past two seasons, owning a 39-8 record with a 3.02 ERA and a 492/119 K/BB ratio over 434 2/3 innings. He led the league in wins and made the American League All-Star team in both years and earned the 2013 AL Cy Young award.

As MLB Pipeline points out on Twitter, the Nationals are forfeiting pick #27 in the 2015 draft with the signing of Scherzer. The Tigers gain pick #35.