(NEW YORK) — Justin Verlander and the Detroit Tigers agreed on a new contract that could be more than $202 million, according to ESPN MLB insider Buster Olney.
The deal is worth $180 million for seven-years with a vesting option for the eighth year, which could push the deal to $202 million.
Verlander was eligible to become a free agent after the 2014 season. He was 17-8 with a 2.64 ERA in 2012.
“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 tweeted on Friday following the news.
The five-time All-Star is a league MVP and has Cy Young Award under his belt. He was also the rookie of the year in 2006.
Copyright 2013 ABC News Radio
John Newsome and Anne Woolsey, CNN