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March 28, 2014 AT 8:31 AM
Triple Crown winner Miguel Cabrera will earn a baseball-record $292 million over the next decade under a $248 million, eight-year deal with the Detroit Tigers through 2023. The new deal was announced Friday at a news conference in Lakeland, Fla. The contract's average of $31 million tops the previous mark of $30.7 million set by Los Angeles Dodgers pitcher Clayton Kershaw in his $215 million, seven-year deal in January. The total commitment tops the record set by New York Yankees third baseman Alex Rodriguez with a $275 million, 10-year agreement in 2007.