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Detroit, MI (SportsNetwork.com) - The Detroit Tigers re-signed designated hitter Victor Martinez to a four-year contract on Friday.

The team did not disclose financial terms, but multiple reports indicate that it's worth $68 million.

Martinez, who turns 36 on Dec. 23, is coming off a career season in which he batted .335 with a career-high 32 home runs and 103 RBI in 151 games. He was named to his fifth All-Star team, won his second Silver Slugger and finished second in the AL MVP voting to Mike Trout.

"Victor's presence both on the field and in the clubhouse is an essential part of this club," Tigers manager Brad Ausmus said. "I have never seen a hitter more focused in the batter's box than Victor, and I couldn't be more excited to welcome him back."

Detroit general manager Dave Dombrowski stated Tuesday that inking Martinez was the team's top priority this offseason.

"Victor is one of the premier hitters in the league and we are thrilled that he will continue his career in a Tigers uniform," Dombrowski said. "His production in the middle of our lineup and veteran leadership are invaluable to our ballclub."

The Tigers originally signed Martinez to a four-year contract prior to the 2011 season. Detroit extended a qualifying offer to Martinez in October, ensuring it would receive draft pick compensation if he were to sign elsewhere.