You read that headline right. All-world slugger Miguel Cabrera will reportedly sign an eight-year contract extension worth a whopping $248 million. Combined with the remaining two years left on his deal plus two vesting options in the extension, Cabrera can make a grand total of $352 over the next 12 years.
These are, of course, eye-popping numbers but what makes this deal even more staggering is that it runs through Cabrera’s age-41 season without including the two vesting options. Triple Crown or not, that’s a whole lot of money to be paying a 40-year old player. Cabrera also makes $150,000 per year in endorsements thanks to his deals with New Balance and others, according to Forbes. Cabrera has been spotted on the field before wearing New Balance 3000 Mid and New Balance 1103 cleats but with this payday you have to wonder if he’ll upgrade to a new set of spikes.
You have to think that Mike Trout is licking his chops over this contract knowing that he is all but guaranteed to best this deal.