pujols moreno getty

Albert Pujols’ contract carries $10M in milestone incentives

13 Comments

The Angels signed first baseman Albert Pujols to a 10-year, $254 million free agent contract earlier this month. All of that money is guaranteed, and now it has been revealed that the massive deal also carries $10 million worth of milestone-based incentives.

According to Tim Brown of Yahoo! Sports, Pujols will get an additional $3 million from the Halos if he reaches 3,000 hits and $7 million if he manages to top Barry Bonds’ record of 762 career home runs.

Pujols will begin his tenure in Anaheim with 2,073 career hits and 445 home runs. If the 31-year-old is able to maintain the kind of offensive pace he produced in 11 years with St. Louis, he should reach 3,000 hits within the next five or six seasons. The home run record is more of a stretch, but it might be attainable if Pujols mashes for all 10 years of the contract. He’d need to average 31.7 dingers per season through 2021.

Pujols is a .328/.420/.617 career hitter with a 1.037 career OPS. He had 173 hits and 37 homers in 2011.

Jake Peavy is having a bad go of things right now

SAN FRANCISCO, CA - MAY 25: Jake Peavy #22 of the San Francisco Giants pitches against the San Diego Padres during the first inning at AT&T Park on May 25, 2016 in San Francisco, California.  (Photo by Jason O. Watson/Getty Images)
Getty Images
4 Comments

Veteran hurler Jake Peavy has not signed with a team. It’s not because he’s not still capable of being a useful pitcher — he’s well-regarded and someone would likely take a late-career chance on him — and it’s not because he no longer wishes to play. Rather, it’s because a bunch of bad things have happened in his personal life lately.

As Jerry Crasnick of ESPN reports, last year Peavy lost millions in an investment scam and spent much of the 2016 season distracted, dealing with investigations and depositions and all of the awfulness that accompanied it. Then, when the season ended, Peavy went home and was greeted with divorce papers. He has spent the offseason trying to find a new normal for himself and for his four sons.

Pitching is taking a backseat now, but Peavy plans to pitch again. Here’s hoping that things get sorted to the point where he can carry through with those plans.

The AT&T Park mortgage is paid off

att park getty
Getty Images
14 Comments

This is fun: The San Francisco Giants recently made their last payment on the $170 million, 20-year loan they obtained to finance the construction of AT&T Park. The joint is now officially paid for.

The Giants, unlike most other teams which moved into new stadiums in the past 25 years or so, did not rely on direct public financing. They tried to get it for years, of course, but when the voters, the city of San Francisco and the State of California said no, they decided to pay for it themselves. They ended up with one of baseball’s best-loved and most beautiful parks and, contrary to what the owners who desperately seek public funds will have you believe, they were not harmed competitively speaking. Indeed, rumor has it that they have won three World Series, four pennants and have made the playoffs seven times since moving into the place in 2000. They sell out routinely now too and the Giants are one of the richest teams in the sport.

Now, to be clear, the Giants are not — contrary to what some people will tell you — some Randian example of self-reliance. They did not receive direct public money to build the park, but they did get a lot of breaks. The park sits on city-owned property in what has become some of the most valuable real estate in the country. If the city had held on to that land and realized its appreciation, they could flip it to developers for far more than the revenue generated by baseball. Or, heaven forfend, use it for some other public good. The Giants likewise received some heavy tax abatements, got some extraordinarily beneficial infrastructure upgrades and require some heavy city services to operate their business. All sports stadiums, even the ones privately constructed, represent tradeoffs for the public.

Still, AT&T Park represents a better model than most sports facilities do. I mean, ask how St. Louis feels about still paying for the place the Rams used to call home before taking off for California. Ask how taxpayers in Atlanta and Arlington, Texas feel about paying for their second stadium in roughly the same time the Giants have paid off their first.