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Catcher Posey Signs $167 Million Deal With Giants, MLB.com Says

March 30 (Bloomberg) -- Buster Posey signed the most lucrative contract in San Francisco Giants history after a 2012 season in which he won the National League’s Most Valuable Player award and batting title, according to MLB.com.

The 26-year-old catcher agreed to a nine-year, $167 million contract, the website reported today citing an unidentified person familiar with the deal. The Major League Baseball club has an option for a 10th season that could raise the value of the contract to $186 million, according to the report.

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, according to MLB.com.

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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