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Baseball America ranked the Venezuelan righthander as the industry's 32nd-best prospect at midseason and second in the Astros' system behind only outfielder Kyle Tucker (11th).
Perez has a 3.09 ERA through seven outings and 32 innings in Class AA.
He has a 3.39 ERA in 98 1/3 innings in the postseason.
Perez, 19 and already in Class AA, was by far the best prospect the Astros parted with.
Detroit included a significant amount of money in the deal to better the prospect package it received in return.
According to USA Today, the Tigers will pay million of Verlander's salary in each of the 20 seasons.
Outfielder Daz Cameron and catcher Jake Rogers also went to the Tigers, who will also send the Astros a player to be named later or cash.
Outside of winning the award in 2011, Verlander has finished second (2012, 2016), third (2009), fifth (2007), seventh (2006) and 112.
Verlander had to waive his no-trade rights to complete the trade.
Franklin Perez, arguably the Astros' best pitching prospect and undoubtedly one of their best two, headlined a package of three prospects sent to Detroit.
He took home both the AL MVP and Cy Young awards, becoming the second pitcher in baseball history after Don Newcombe to win MVP, Cy Young and Rookie of ... Seasoned Veteran Verlander has 183 career wins over 13 season with the Tigers.
That total is more than what Dallas Keuchel, Lance Mc Cullers Jr., Collin Mc Hugh and Charlie Morton have in their careers combined (181). Seasoned Veteran Verlander has 183 career wins over 13 season with the Tigers.
Perpetual Cy Young presence Verlander is a mainstay in annual Cy Young voting. He took home both the AL MVP and Cy Young awards, becoming the second pitcher in baseball history after Don Newcombe to win MVP, Cy Young and Rookie of the Year.