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Justin Verlander Reaches Record Deal with Tigers

Rob Carr/Getty Images(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

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