Mar 26, 2014; Clearwater, FL, USA; Detroit Tigers first baseman Miguel Cabrera (24) laughs in the second inning against the Philadelphia Phillies in a spring training exhibition game at Bright House Field. Mandatory Credit: David Manning-USA TODAY Sports

Report: Miguel Cabrera closing in on big extension with Detroit Tigers

The Detroit Tigers were unable to come to terms on a contract extension with reigning American League Cy Young award winner Max Scherzer last weekend, but according to CBS Sports’ Jon Heyman the Tigers and Miguel Cabrera are closing in on a big extension.

Cabrera, 30, has two more years remaining on an eight-year deal and pending a physical which should be a mere formality is in line to command $30 million per season.

Update: Jerry Crasnick tweets the deal will be a record-breaking deal that will pay him nearly $300 million.

However, according to Heyman, “People close to him say he loves being a Tiger, and suggested he’s willing to take less than top free-agent dollar to stay in Detroit.”

Perhaps a hometown discount could be in store which would free up some cash to give Scherzer the extension he wants at season’s end.

The two-time defending AL MVP has led the league in batting average the last three seasons and averaged 44 home runs and 138 runs batted in over the last two seasons.

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Tags: Detroit Tigers Miguel Cabrera