Giants Sign MVP Buster Posey to $167 Million Deal, MLB.com Says

San Francisco Giants catcher Buster Posey, the National League’s Most Valuable Player and batting champion in 2012, signed a nine-year, $167 million contract with the team, according to MLB.com.

The 26-year-old’s agreement includes a club option that could raise the value of the contract to $186 million and is the most lucrative contract in the Major League Baseball franchise’s history, the website reported today citing an unidentified person familiar with the deal.

Posey hit an NL-best .336 last season, with 24 home runs and 103 runs batted in, becoming the first catcher in 40 years to be named NL MVP.

He helped the Giants to their second World Series title in the past three years, a four-game sweep of the Detroit Tigers. San Francisco also won a World Series title in 2010, when Posey was named NL Rookie of the year.

Giants pitcher Matt Cain’s six-year $127.5 million deal was the highest contract in team history before Posey’s contract, according to MLB.com.

-- Editor: Michael Sillup

To contact the reporter on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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