Today in Lakeland, Fla., the Detroit Tigers announced that first baseman Miguel Cabrera was signed to a long term deal worth $248 million over eight years.

That means Miggy, counting the two years left on his old contract, will stay in Motown through 2024.  

While baseball experts say the deal may backfire on the team in the future, what do you think?

The cost of doing business in baseball just got higher, as the Detroit Tigers have broken the bank in signing two time consecutive MVP Miguel Cabrera to a long term contract worth 292 million if you roll in his current deal, making it one of the largest ever offered a pro baseball player.

The deal rivals that of Los Angeles Dodgers pitcher Clayton Kershaw, who hit the jackpot by signing a deal worth 30.7 million a year earlier this off season.

Miggy has hit 88 homers and driven in 276 runs over the last two seasons.

"Miguel is the most prolific hitter in baseball and one of the best players in the game," Tigers President, Chief Executive Officer and General Manager David Dombrowski said in a statement. "We are thrilled Miguel had a desire to continue his stellar career in Detroit and remain in a Tigers uniform for many years to come."

But long term, big money deals have a way of turning sour quickly, say MLB experts who think the deal may be foolish for many reasons, not the least of which is the chance Cabrera, who won the MVP last year while nursing strained abdominal and hip flexor muscles, may get laid up with injuries frequently, like another big contract signee, Albert Pujols.  The Cardinals certainly haven't suffered after letting him go in 2012.

The great thing about sports is everyone has an opinion.

So, what do you think of the latest Tigers signing?

It certainly appears this may have been a factor in the reason they couldn't extend Max Scherzer's contract earlier this spring. Scherzer clearly knew the money was there, and when they didn't offer it, he opted to play out his contract to see if he could reap a windfall next spring.