Photo: Justin Verlander
Detroit Tigers starting pitcher Justin Verlander and San Francisco Giants catcher Buster Posey both received multi-year contract extensions that guarantee them at least $180 million and $167 million, respectively, in the coming years, according to media reports.
The 30-year-old Verlander, winner of the American League Cy Young Award and Most Valuable Player Award in 2011, was already under contract through 2014 with a salary of $20 million per year for the next two seasons.
The new deal, announced Friday, maintains those salaries and tacks on $28 million per year through 2019.
It also includes a $22 million option for 2020 that will become guaranteed if he finishes in the top five in Cy Young voting in 2019.
The extension makes Verlander the highest paid pitcher in baseball history, trumping the seven-year, $175 million deal that Seattle Mariners star Felix Hernandez signed in February.
Verlander, considered one of baseball’s best and most durable pitchers since being named American League Rookie of the Year in 2006, has a career 124-65 record with a 3.40 ERA.
He won 24 games in 2011, when he became the first starting pitcher to win the Cy Young and MVP awards in the same year since Roger Clemens in 1986.
Verlander also has recorded at least 17 wins in three other seasons and led the major leagues in strikeouts and innings pitched in 2009, 2011 and 2012.
He also helped lead the Tigers to World Series berths in 2006 and 2012, when they lost to the St. Louis Cardinals and San Francisco Giants, respectively.
“Justin is one of the premier pitchers in baseball and we are thrilled to keep him in a Tigers uniform for many years to come,” Detroit Tigers president, CEO and general manager Dave Dombrowski said.
“Justin has been a Tiger for his entire career and he is on pace to be one of the greatest pitchers in this illustrious franchise’s history.”
Verlander, for his part, said on Twitter that “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!!!”
Posey, meanwhile, signed an eight-year contract extension with the San Francisco Giants that guarantees him $167 million through 2021.
Friday’s deal includes a club option for 2022 that could raise the total salary outlay to $186 million over 10 years.
Posey was the 2012 National League Most Valuable Player and a key part of the San Francisco Giants’ only two World Series titles: in 2010 and 2012.
In just 308 games as a big-league player, the 26-year-old Posey has cemented his status as one of baseball’s elite talents.
He took NL Rookie of the Year honors in 2010 on the strength of his .305 batting average and solid play behind the plate.
After breaking his leg in a violent home-plate collision with a base runner in May 2011 and missing most of that season, he came back to hit .336 and drive in 103 runs last year.