Detroit Tigers sign Justin Verlander to five-year contract extension
Verlander and the Tigers agreed to a five-year contract extension on Friday, which will keep the ace in Detroit through the 2019 season. The deal includes a vesting option for the 2020 campaign.
ESPN.com's Buster Olney reported the extension is worth a record $28 million per year from 2015-19, with a $22 million option for 2020 that triggers if Verlander finishes in the top five of the 2019 American League Cy Young award voting.
The entirety of the deal, including the $20 million Verlander is owed this season and next, is worth $202 million -- eclipsing Felix Hernandez's seven-year, $175 million pact, and making the Tigers' ace baseball's first $200 million pitcher.
"I love this city & the fans - couldn't be more excited to spend my career here! We're going to bring a World Series to Detroit!!!," he tweeted Friday.
The 30-year-old Verlander has won at least 17 games in each of the past four seasons. He went 17-8 with a 2.64 ERA in 2012. In 2011, he went 24-5 with a 2.40 ERA and 250 strikeouts in 251 innings en route to the American League MVP and Cy Young awards.
He is scheduled to start Opening Day against the Minnesota Twins.