Justin Verlander and the Detroit Tigers have reached agreement on a new contract that could exceed $202 million, sources told ESPN's Buster Olney.
Verlander's deal, which would make him the highest-paid pitcher in the game, is for seven years and worth $180 million, sources said. A vesting option for an eighth year could push the deal to $202 million.
"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.
In February, Felix Hernandez of the Seattle Mariners signed a seven-year contract worth $175 million, the top deal for a pitcher at the time.
Verlander, who would have been eligible to become a free agent after the 2014 season, had recently said he wouldn't discuss a new contract if a deal didn't get done by the end of spring training.