The Tigers and Justin Verlander have agreed to a five-year deal worth $80MM according to the AP, and it could be made official as soon as tomorrow. The righthander filed for $9.5MM in arbitration, and the team countered with $6.9MM.
Verlander, 27 later this month, had reportedly been seeking a sixth guaranteed year, however it appears the team was able to talk him out of it with more guaranteed money. The former second overall pick led the American League in starts, innings, batters faced, strikeouts, and wins in 2009, earning him a third place finish in the Cy Young voting. He also has a no-hitter, a Rookie of the Year Award, and World Series experience to his credit.
The deal buys out the Verlander's two remaining years of arbitration eligibility plus three free agent years, and will take him to age 32. It's worth slightly more than Felix Hernandez's five-year, $78MM deal, which was being used as a comparison.