The Detroit Tigers and Justin Verlander have reached an agreement on a new contract that could exceed $202 million if he plays through the life of it, sources told ESPN's Buster Olney Friday.
Detroit's ace received a seven-year, $180 million deal with a vesting option for an eighth that could push the deal over $200 million.
Verlander hinted at a possible deal just with his expression and happiness on twitter earlier in the day.
"Today is going to be a great day. Big news coming," he said. He also added "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!!!"
Verlander, who would have been eligible to become a free agent after the 2014 season, recently said in reports during the offseason that he wouldn't discuss a new contract until the end of the season if it didn't get done by the end of spring training.
The 30-year-old has been one of the more dominant pitchers over the last few years. He won the MVP, CY Young and pitcher's triple-crown awards in 2011 with a 24-5 mark, a 2.40 ERA and 250 strikeouts. He won 17 games, with a 2.64 ERA and again led the league in strikeouts with 239.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.