WASHINGTON — A person familiar with the negotiations says 2013 AL Cy Young Award winner Max Scherzer has agreed to a $210 million, seven-year contract with the Washington Nationals that includes a record $50 million signing bonus.
The person spoke to The Associated Press on condition of anonymity Monday because the deal hadn't been announced.
Scherzer's will receive the money from his deal over 14 years, which will lower its present-day value.
The 30-year-old right-hander's contract is the second-largest for a pitcher, behind only Los Angeles Dodgers lefty Clayton Kershaw's $215 million, seven-year deal that runs from 2014-20.
Scherzer's signing bonus tops the previous high of $30 million for any player, given by the Cubs to pitcher Jon Lester this offseason.
The total value of Scherzer's deal was first reported by Fox.