Two-time defending American League MVP Miguel Cabrera signs an eight-year contract extension with the Tigers. Including the two years remaining on his present contract, the deal is worth $292 million, making it the biggest in major league history. It surpasses the ten-year extension signed by Alex Rodriguez in 2006 for $275 million. In fact Rodriguez had held the record since signing as a free agent with the Texas Rangers for $252 million in 2001. The huge deal makes the six-year contract for $144.6 million that Angels OF Mike Trout also signs today seem like an anecdote.

On March 28, 2014 — Two-time defending American League MVP Miguel Cabrera signs an eight-year contract extension with the Tigers. Including the two years remaining on his present contract, the deal is worth $292 million, making it the biggest in major league history. It surpasses the ten-year extension signed by Alex Rodriguez in 2006 for $275 million. In fact Rodriguez had held the record since signing as a free agent with the Texas Rangers for $252 million in 2001. The huge deal makes the six-year contract for $144.6 million that Angels OF Mike Trout also signs today seem like an anecdote.

Sources –
Baseball Reference March 28
SABR Games Project
National Pastime March 28
Retro Sheet
Replay The Game