4:48pm: The contract under consideration would go through at least 2021 (Cabrera's age-38 season), if not further, tweets Morosi. Extrapolating from these two reports, it would appear that the sides are contemplating a deal that would, at a minimum, land at around $180MM in total new money (six years at approximately $30MM).
4:45pm: The average annual value on the deal is expected to be in the range of $30MM per year, tweets Jon Morosi of FOX Sports. It is worth bearing in mind that Clayton Kershaw's recent extension set a new high-water mark in AAV at $30.7MM.
4:27pm: The Tigers are closing in on a huge new extension for star Miguel Cabrera, reports Jon Heyman of CBSSports.com. After holding discussions over the last several days, says Heyman, a deal appears imminent, though a physical would still need to be taken. Cabrera is a client of Relativity Baseball.
Of course, the timing of this news is notable as well, as the club recently saw extension talks with outstanding starter Max Scherzer put on ice. Scherzer, of course, is slated to hit the open market after the coming season, making his situation more pressing — though not necessarily more important — than that of Cabrera.