Looks like Miggie will be in Detroit for a very long time!
KISSIMMEE, Florida -- Miguel Cabrera and the Detroit Tigers reached a preliminary agreement Saturday on an eight-year, $153.3 million contract extension, a source close to Cabrera told ESPNdeportes.com on condition of anonymity.
The All-Star third baseman will undergo a physical on Monday to complete the deal, the source said.
The contract is the richest in the Tigers' history. Magglio Ordonez had the previous record when he signed with Detroit for $75 million and five years in 2004.
"Miguel just signed a big contract," said the source. "The contract will be completed when Miguel takes a physical on Monday."
Cabrera, 24, was eligible for arbitration in 2009 and could become a free agent after the season ended. He will earn $11.3 million in 2008, and then an average of $19 million per year through 2016.
Enrique Rojas is a reporter and columnist for ESPNdeportes.com and ESPN.com.
ESPN - Cabrera set to ink Tigers' biggest pact: $153.3 million - MLB
I had heard this was coming, just didn't expect them to get this done before Cabrera had a chance to play a while in Comerica. I thought maybe the Death Valley of left center would maybe scare him a little. The other thing that surprised me, was that I thought we signed him for less money than I would have thought. I was expecting something in the range of 22M per year. Pleased to have him onboard for the foreseeable future.
GO TIGERS!!!