Sports

Justin Verlander, Buster Posey agree to mega deals

Detroit Tigers' Justin Verlander smiles during a news conference to announce his new baseball contract, Friday, March 29, 2013 in Lakeland, Fla. (AP Photo/Carlos Osorio)
Justin Verlander was all smiles Friday at a news conference announcing his new contract with Detroit. (AP)Credit: AP

After leading their teams to last year’s World Series, Justin Verlander and Buster Posey cashed in just hours apart Friday.

Verlander, an AL MVP and Cy Young Award winner for Detroit, agreed to a $180 million, seven-year deal that is the richest for a pitcher and prevents him from becoming a free agent after the 2014 season.

Posey, the batting champion who led San Francisco to a pair of World Series titles in the last three years, received $167 million, nine-year deal. The catcher could not have gone on the market until after the 2016 season.

Advertisement—Continue Reading Below

Verlander’s deal broke the standard for pitchers set just a month earlier, when Seattle’s Felix Hernandez agreed to a $175 million, seven-year contract.

‘‘I wondered what it would be like to test free agency, but the pull of Detroit was too much,’’ Verlander said. ‘‘Once spring training started, I knew I wanted to stay.’’

Verlander’s deal keeps his $20 million salaries for each of the next two seasons and adds $140 million in guaranteed money: $28 million each season from 2015-19. It includes a $22 million option for 2020 that would become guaranteed if he finishes among the top five in 2019 Cy Young voting. The deal could be worth $202 million over eight seasons.

Posey’s deal includes a club option for 2022 that could raise the value to $186 million over a decade.

He had been due to make $8 million this year. Instead, the 26-year-old gets a $7 million signing bonus, with $5 million payable Oct. 15 and the remainder Jan. 15, and his 2013 salary is reduced to $3 million.

He will make $10.5 million in 2014, $16.5 million in 2015, $20 million in 2016, and $21.4 million in each of the following five seasons. The Giants’ option is for $22 million with a $3 million buyout.

Posey’s agreement, which includes a full no-trade clause, is the longest for a catcher and the largest in Giants history, surpassing Matt Cain’s $127.5 million, six-year contract signed before the start of last season.

Teixeira back May 1?

Yankees first baseman Mark Teixeira hopes to get the protective brace on his injured right wrist removed Monday. Speaking before New York’s exhibition game at Washington, Teixeira said his goal is to rejoin the Yankees as soon as May 1. He will start the season on the disabled list because of a partially torn tendon sheath in his right wrist. He has been taking grounders since last weekend and practice swings with one hand on his bat . . . Braves reliever Jonny Venters will have his ailing left elbow examined by Dr. James Andrews on Wednesday after the pitcher felt tightness in the elbow during his last spring training appearance. Andrews performed elbow-ligament replacement surgery on Venters’ elbow in 2005

Cash for Goldschmidt

First baseman Paul Goldschmidt and the Arizona Diamondbacks are close to agreement on a $32 million, five-year contract, according to a person familiar with the negotiations. The deal would include a $14.5 million team option for 2019 with a $2 million buyout, the person said. Goldschmidt’s talks were first reported by ESPN.com . . . Royals manager Ned Yost announced that infielder Miguel Tejada made the club as a utility player. Tejada, 38, was the 2002 AL MVP, but did not play in the majors last year . . . Righthander Freddy Garcia agreed to a minor league contract with the Orioles, five days after he was released by the Padres.

Santana shut down

The New York Mets announced that two-time Cy Young Award winner Johan Santana probably has re-torn the anterior capsule in his pitching shoulder and will miss his second season in three years. Santana had surgery Sept. 14, 2010, and did not make it back to the major leagues until last April 5. The 34-year-old left-hander hasn’t pitched in any exhibition games during spring training because of arm weakness. Santana threw the first no-hitter in team history June 1 against St. Louis. He threw a career-high 134 pitches that night in his second consecutive shutout. Pitching coach Dan Warthen said the injury is ‘‘not a byproduct of the no-hitter’’ . . . Gus Triandos, a major league catcher who spent the majority of his 14-year career with the Baltimore Orioles, died at his San Jose, Calif., home, his sister said. Triandos’s daughter, Tracey Hook, said her father died Thursday. He was 82. She said the four-time All Star was suffering from congestive heart failure and had been in and out of the hospital . . . The Dodgers will show off a $100 million renovation at Dodger Stadium that includes new video boards and enlarged clubhouses when they open the season Monday against the World Series champion Giants.

Share