Tigers-Cabrera extension: average annual value of $31 million

Miguel Cabrera's new deal has the highest average annual value in baseball, surpassing the contract of Dodgers pitcher Clayton Kershaw.

Kim Klement/Kim Klement-USA TODAY Sports

Miguel Cabrera and the Tigers have agreed to a long-term contract extension, bringing his total guarantee to 10 years, $292 million through 2023, according to sources.

Cabrera’s new contract has the highest average annual value in baseball, surpassing Dodgers ace Clayton Kershaw.

Cabrera, who turns 31 on April 18, is the two-time defending AL MVP. He is in the middle of an eight-year, $152 million deal that expires after the 2015 season. The new deal adds eight years and $248 million to the two years he has left on his current contract, a source confirmed. The years of the extension, then, have an average annual value of $31 million.

The Tigers were unable to come to terms with Cy Young-winner Max Scherzer but the deal with Cabrera could keep him in Detroit for the rest of his career.

Tigers GM Dave Dombrowski had no comment on the report today in Lakeland, Fla., FOX Sports 1 Insider Ken Rosenthal reports.

Cabrera has at least 30 home runs and 100 RBI in each of his six seasons in Detroit. He is a career .321 hitter with 365 home runs and 1,260 RBI.

Cabrera, who had sports hernia surgery in October, will move from third base to first base this season.