Miguel Cabrera

Two-time MVP Miguel Cabrera has agreed to a deal with the Detroit Tigers on a new 10-year contract that will pay him $292 million, reports ESPN.

The deal will also include two additional vesting options worth $30 million apiece for years 11 and 12 that could bring the total of the deal to $352 million. The contract surpasses the 10-year, $275 million deal that Alex Rodriguez signed with the New York Yankees in December 2007, the largest in Major League Baseball history.

Here’s one more tidbit. Based on a career average of 607 at-bats per season and an average of $30 million annually, Cabrera would earn $49,423 per at-bat.

Cabrera, who turns 31 in April, is an eight-time All-Star with a career hitting average of .321 career and 365 home runs. He’s also the only major league player with 100 or more RBIs in each of the past 10 seasons, and last year, became the first Tiger to win three consecutive batting titles since Ty Cobb achieved the feat from 1917 to 1919.

Last year, he led the majors with a .348 batting average, while his 44 homers and 137 RBIs were both second to Baltimore’s Chris Davis.