Miguel Cabrera and Tigers agree on eight-year, $248 million extension

Miguel Cabrera, the best hitter in baseball, will also be the best-paid player in the game when the slugger and the Detroit Tigers finalize what multiple reports say would be the biggest contract extension in baseball history based on average annual value.

Cabrera and the Tigers have agreed on an extension that would keep an Olde English “D” on Cabrera’s chest through 2023. It’s worth $248 million over eight years and kicks in after Cabrera finishes his old deal, which still has two years and $44 million remaining.

The extension is worth $31 million per year, which would be the highest yearly salary for any deal in history, eclipsing Clayton Kershaw’s seven-year deal with the Dodgers that’s worth $215 million, or $30.71 million per year.