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Updated: Verlander, Tigers make it official

The Tigers held a press conference at 3 p.m. today to announce Justin Verlander has signed a five-year deal worth $80 million.


We will have more on this later when some quotes begin to come out. So far, all we have is a tweet from the official Twitter feed.

It's official, Justin Verlander signs for five more years with the Tigers. Verlander said he knows the Tigers are committed to winning.

Update 5 p.m.:

We have some salary figures. Responding to a question from Brian Packey, who comments here, MLB.com's Jason Beck reported on Twitter Verlander will earn:

  • $6.75m in 2010
  • $12.75m in 2011
  • $20m in 2012
  • $20m in 2013
  • $20m in 2014

Update 9:30 p.m.

OK, now we've got a few stories and quotes from the press conference to share.

From Tigers.com:

Dave Dombrowski:

"It's a very happy moment for the organization," team president/general manager Dave Dombrowski said. "To me, he's one of the best pitchers in the game of baseball, and somebody that can anchor our staff here over the next five years with some other quality young pitchers. He puts us in position to trot out one of the best starting staffs in the game."

Justin Verlander:

"You know, when it comes down to it, I feel like I've grown up in this city," Verlander said. "I've made a name for myself here, and I love the old English 'D'. The fans have always supported me since Day 1. I think that means a lot. I feel at home here."

*snip*

"I certainly don't plan on my career being over in five years, so I hope to be around here a lot longer."

Links:

Lynn Henning and Tom Gage of the Detroit News

Drew Sharp of the Detroit Free Press

Steve Kornacki of MLive

ESPN.com's Rob Neyer

Matthew Carruth of Fangraphs.com

10:45 update

Fox Sports Detroit has the press conference video.

0 recs  |  Comment 24 comments |

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If I weren't stoked enough about starting spring training already

The last 24 hours have me jonesing to watch some workouts in the sun. The deals are done — let’s play ball.

by NCDee on Feb 4, 2010 4:24 PM EST reply actions  

Workouts in the sun, you say?

Well then, come on down to Florida and join allikazoo and I, anytime between the 11th-ish and the 17th of March! Look for me, I’ll be in the Tiger cap.

by frisbeepilot on Feb 4, 2010 6:41 PM EST up reply actions  

Cornering the market . . .

. . . on pitchers with the initials,“JV”—the Detroit Tigers!

by rea on Feb 4, 2010 4:38 PM EST reply actions  

Javier Vazquez is not impressed

I root for the Tigers, Pistons, Red Wings and yes, the Lions.
Me in 140 characters

by ReichardZ on Feb 8, 2010 5:04 PM EST up reply actions  

Not bad

I had forecast 8 + 12 + 20 + 20 + 20.
The deal is 7.25 + 12.75 + 20 + 20 + 20

Nice work, DD. Nice work, JV.

by Tigerdog1 on Feb 4, 2010 5:10 PM EST reply actions  

Man...

Did I ever get in the wrong line of work….

by 42jeff on Feb 4, 2010 5:21 PM EST reply actions  

Career opportunities . . .

Did I ever get in the wrong line of work….

To make the money Verlander does in any line of work, you have to have (1) talent, (2) a strong work ethic, and (3) lots and lots of luck. So just becoming a pitcher won’t make you rich—you still might end up driving a dump truck.

by rea on Feb 4, 2010 5:49 PM EST reply actions  

Ah

But as long as I sign as a fourth year senior, I also get a degree… meaning if I was a pitcher and did flame out, I could still go to law school.

Of course, I’m about as athletic as Seth Rogen…

President, Vice President and Secretary of the Casey Crosby Fanclub.

by David Tokarz on Feb 4, 2010 5:52 PM EST up reply actions  

Well, if you sign straight out of high school, major league baseball does have a fund that if you don’t make it to the majors in a certain amount of time they will pay for your college.

My old blog is Tigers By The Numbers.

Now I write at Bless You Boys.

Like music? See what I'm listening to at my Last.fm account.

by Mike Rogers on Feb 4, 2010 6:20 PM EST up reply actions  

The dump truck . . .

. . . was a reference to a certain specific pitcher . . .

by rea on Feb 4, 2010 6:28 PM EST up reply actions  

Fidrych?

President, Vice President and Secretary of the Casey Crosby Fanclub.

by David Tokarz on Feb 4, 2010 8:22 PM EST up reply actions  

Good

We need a pitcher we can build around.

by Warriors59 on Feb 4, 2010 6:34 PM EST reply actions  

A worthwhile video to watch: Sean Casey, Bonderman news, contract discussion, and more.

by StringTheory on Feb 4, 2010 8:34 PM EST reply actions  

I'll admit...

Verlander just got me a little bit excited about Bondo.

by madpoopz on Feb 4, 2010 8:51 PM EST up reply actions  

thanks for posting this

I’m so freaggggggin’ pumped now.

Detroit Bad Boys- SB Nation's Detroit Pistons Blog
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by Packey on Feb 5, 2010 11:03 AM EST up reply actions  

Tigers High Priced Pitchers

Bondo – Bust since they gave him his huge contract
Willis – Super bust since the Tigers acquired him
Roboman – Bust since they gave him his huge contract

JV – Stay tuned

by Buddahfan on Feb 4, 2010 11:44 PM EST reply actions  

Technically Bondo is a bust...

but he’s a bust because he had surgery to take care of an issue that was life threatening. I’m personally not gonna label him a bust for that.

by madpoopz on Feb 4, 2010 11:53 PM EST up reply actions  

concur

It’s one thing to be a bust because of a poor work ethic, or bad off-field habits, or loss of confidence, or just being overvalued by others – it’s another thing to require surgery for an important health issue.

Much less predictable.

"While there's life, there's hope." --Cicero

by Baroque on Feb 5, 2010 3:37 AM EST up reply actions  

You Are Obfuscating the Question

You are obfuscating the question by bringing in the fact that Bondo had a potential fatal health problem. The fact is that the Tigers signed him to a big contract and he has not delivered for whatever reason.

Of course everyone was concerned about his health and is glad that he is okay regarding that potentially fatal problem. That goes without saying.

But it is not relevant to the fact that for whatever reason, call it bad Karma or whatever, the Tigers 3 high priced pitchers before signing JV have all been busts since they signed the contract.

That is an indisputable fact. The production that they have given the Tigers for whatever reason, does not come within a light year of what the Tigers are paying them.

So maybe it is bad karma that has caused this problem? If so maybe it continues with JV? I sure as hell hope not.

In the NBA there is the “Clippers Curse” so maybe in MLB their is the “Tigers Curse”. We will just have to see how it plays out.

by Buddahfan on Feb 5, 2010 2:48 PM EST up reply actions  

I'll quote myself...
Technically Bondo is a bust…

Am I saying that JV won’t end up a bust? No. Am I saying he’s not gonna end up a bust? No. What I am saying is that if JV’s production is stinted by some life threatening ailment that required medical treatment, I personally will not call the contract bad or JV a bust even though technically that is what he would be.

This is my personal perception on big contracts in baseball and life threatening surgery. If that obfuscates the question, fine.

by madpoopz on Feb 5, 2010 10:20 PM EST up reply actions  

A brief fisking

Bondo: Can’t fault DD for this signing. At the time, Bondo was 24 and coming off 4 consecutive seasons where he improved in most measurable categories all while being extremely durable. The exact profile of a guy you want to lock up. The injuries were unfortunate.

Willis: Dumb. But always (always!) you see it reported that DD signed him to a 3 year contract extension after The Trade. False. He was under team control for 2 years regardless, DD added the 3rd. Hence it was a 1 year extension. Stupid anyway, but still – facts, people.

Robertson: Dumb. Locking a guy up long term after a subpar season where he had been injured. BUT: he got paid $4.5 mil in ‘08, but produced $6.0 mil in value (win). Of course last year he got paid $7 mil and only brought back $2 mil in value (bad). Anyway, thus far in his contract he’s been worth $8 million and been paid $11.5. This year he gets $10 so he needs to be worth $13 for everything to even out. Unlikely. Of course now is where I take issue with Fangraphs – there is no way on God’s green earth that 2008 Nate Robertson was worth $6.0 million – he was very nearly the worst starter in baseball that year.

by ChrisDTX on Feb 5, 2010 2:22 PM EST up reply actions  

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