27 Mar 2014
The Yankees have gotten plenty of blame, most of it deserved, for the salary inflation in MLB. But tonight’s news out of Detroit should change that focus. The Tigers are apparently giving Miguel Cabrera an eight-year extension for $248-million with two additional options on it that could take the deal to $308-million.
Let me be clear, I think Cabrera is either the top, or second-best player in the game. He deserves a massive pay check. But, he is also two years way from free agency and about to turn 31. He is already earning a boatload. This deal makes no sense. When the Yankees handed a huge deal to A-Rod, he was a free agent. Ditto the Mariners with Cano and the Angels with Pujols. Kershaw was only one year away from free agency. So was David Ortiz with the Red Sox. I just don’t get the reasoning for this deal from Detroit’s side. Why give a guy this deal now?
This is just another indication of how much cash is flowing through MLB. Young talent is going to command a higher and higher valuation. Clubs would be wise to lock it up when they can.