Miguel Cabrera says he won't regret agreeing to a 10-year, $292 million contract extension with the Detroit Tigers.

Cabrera would be 40 in the final year of the contract, in 2023. There are also two vesting options, for a reported $30 million each, that would become guaranteed if Cabrera finishes in the top 10 of the MVP voting in the previous season.

"This is the place I want to be," Cabrera said. "I love to play in Detroit. I want to play in Detroit for a long time."