Tigers signed RHP Framber Valdez to a three-year, $115 million contract with a mutual option for 2029.
Valdez, who can opt out after 2027, gets a deferred $20 million signing bonus and salaries of $17.5 million this year, $37.5 million next year and $35 million in 2028. The mutual option is worth $40 million and includes a $5 million buyout. The contract also includes bonuses for finishing first ($2 million), second ($1 million) or third ($500,000) in the Cy Young balloting, winning World Series MVP ($2 million) and ALCS MVP ($1 million), any of which would be applied to the following year’s salary.