Sources: Giants lock up Posey with $159M deal

Sources: Giants lock up Posey with $159M deal

Published Mar. 29, 2013 3:59 p.m. ET

Good Friday is proving quite a lucrative day for baseball's biggest stars.

Hours after the Tigers signed right-hander Justin Verlander to a seven-year, $180 million contract, the Giants reached agreement on an eight-year, $159 million extension with catcher Buster Posey, according to major league sources.

Posey, 26, was under contract for this season for $8 million. His new deal covers his three remaining arbitration years and five free-agent years and has a club option for 2022.

Posey's contract is the longest ever for a catcher and second among catchers' contracts in total value and average value, trailing only Joe Mauer's eight-year, $184 million deal. It also is the largest contract in Giants history, beating Matt Cain's $127.5 million deal and Barry Zito's $126 million deal.

In addition, Posey's $167 million total guarantee is a record for a player with fewer than three years of service time, more than doubling the previous record — $80 million over seven years for Carlos Gonzalez. The guarantee also is a record for a player with fewer than four years of service time and the largest position-player contract of the offseason.

The deal also includes a full no-trade clause.

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