Pending a physical, Tigers slugger Miguel Cabrera will reportedly sign an eight-year contract extension worth $248 million. Given the two years left on his current deal, and two reported vesting options in the extension, Cabrera could make $352 million over the next 12 seasons. This is, to use a technical term, bananas.
Between this deal and Clayton Kershaw's, the new bar for superstars has clearly been set at $30 million a year. It took a surprisingly long time to get here: the first $10M AAV deal was given out in 1996 (Albert Belle), the first $15M in 1998 (Kevin Brown), and the first $25M in 2000 (Alex Rodriguez). Knowing baseball (and barring an apocalyptic labor battle in 2016, which is seeming more like a distinct possibility), there is no going back. And when Mike Trout signs his first long-term deal in the next few seasons, it's going to be even more eye-popping.