The new contract, which will pay Martinez $6.75 million in 2016 and $11.75 million in 2017, allows Martinez and the Tigers to avoid salary arbitration, which was slated to take place later this month.
When the two sides exchanged salary figures the past month, they found themselves with a significant gap to bridge, with Martinez's camp reportedly submitting an annual average value of $8 million and the team an AAV of $6 million. The deal reached Monday evening comes in with an AAV of $9.25 million.
The 28-year-old Martinez is coming off a sensational 2015 season in which he led the team with 38 home runs and batted .282. Martinez finished the season with 102 RBIs, 93 runs, 168 hits, 33 doubles and two triples.