MLB: Verlander, Posey get $347 million in new deals
After leading their teams to last year's World Series, Justin Verlander and Buster Posey cashed in just hours apart Friday.
The All-Star pitcher and MVP catcher were guaranteed nearly $350 million in contracts by the Tigers and Giants, a sure sign of the baseball times: Teams are awash with revenue from television and high-priced tickets.
Verlander, an AL MVP and Cy Young Award winner for Detroit, agreed to a $180 million, seven-year deal with the Tigers 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 from the Giants. The catcher could not have gone on the market until after the 2016 season.
Around the horn
Royals • Former AL MVP Miguel Tejada has made Kansas City's opening-day roster as a utility infielder. The 38-year-old is a six-time All-Star who last played in the major leagues in 2011 with the San Francisco Giants. He hit .239 with four homers and 26 RBIs in 322 at-bats. He spent last season with Baltimore's Triple-A team at Norfolk before his release on June 25.
Orioles • Right-hander Freddy Garcia agreed to a minor league contract with Baltimore, five days after he was released by the San Diego Padres.