DETROIT — The Detroit Tigers declined their $30 million option of retiring star Miguel Cabrera on Friday and will pay a $8 million buyout that completes a $292 million, 10-year contract.
Half of the buyout is deferred without interest.
A 12-time All-Star and four-time batting champion, Cabrera is a two-time AL MVP. In 2012, he became the first AL Triple Crown winner since Boston’s Carl Yastrzemski in 1967.
The 40-year-old Cabrera finished with a .306 average, 511 homers and 1,881 RBIs in 21 seasons, all with the Tigers. Primarily a designated hitter, he hit .257 this year with four homers and 34 RBIs.
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