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MLB: Verlander, Posey get $347 million in new deals

Published March 29, 2013 5:39 pm

MLB notes • Tigers' ace, Giants' catcher cash in on baseball's television boon.
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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.