Guys, I've got bad news and more bad news. Kate Upton is an engaged woman. And it's to a rich athlete.

Strike one, strike two.

The model is engaged to her longtime boyfriend, Detroit Tigers pitcher Justin Verlander.

She showed off her engagement ring last night on the red carpet at the Met Gala. Kate told reporters that "we've been keeping it on the down low for quite a while. So I'm excited to finally be able to share it with the world!"

They dreamy couple have been together for three years. She is 23 while he's 33.