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The Tigers have agreed to pay Miguel Cabrera $292 million over the next 10 years, according to a person with knowledge of the deal.
The person, who said the contract is subject to a physical, spoke Thursday night to the Associated Press on condition of anonymity because the agreement had not been announced.
Cabrera is due $44 million over the final two years from his $152.3 million, eight-year contract that runs through 2015, and the person says Cabrera will make $248 million over eight seasons in the new deal.
Depending on whether Cabrera’s deal is structured as one 10-year contract or an eight-year deal starting in 2016, it will either surpass Alex Rodriguez’s $275 million, 10-year contract with the Yankees for richest contract, or Clayton Kershaw’s record for average annual value of $30,714,286, a deal he signed with the Dodgers in January.