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"The Tigers have called a press conference for today at their spring site in Lakeland, Fla., to announce the agreement, which was first reported by CBSSports.com. The eight-year, $248 million extension is the largest extension in baseball history, and the $292 million guaranteed commitment is also the largest commitment. The $292 million figure was first reported by Foxsports.com.
Cabrera had two years to go and $44 million on his previous $152 million, eight-year Tigers deal, and the extension will be added on top of that.
Cabrera is a defending two-time American League MVP who also has won the last three batting titles. Cabrera, 30, is beloved in Detroit, and around the team, where he has become a positive clubhouse force in addition to the best hitter in baseball.
Cabrera could actually make as much as $352 million with the deal, as there are vesting options for years 11 and 12 at $30 million apiece based on achievements during the deal."