Albert Pujols’ contract is worth up to $265.75 million

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Today the players’ association and MLB officially signed off on Albert Pujols’ contract with the Angels, revealing a few interesting details about the deal.

Pujols is guaranteed at least $240 million over 10 seasons, but the contract could be worth as much as $265.75 million.

When he’s finished playing Pujols will begin a 10-year “personal services” contract with the Angels that pays $1 million per year, which isn’t counted as payroll for luxury tax purposes because it doesn’t kick in until he’s retired.

There are also sizable bonuses for reaching milestones, including $3 million for 3,000 hits and $7 million for 763 homers, and another $875,000 in total incentives each season for regular season MVP, ALCS MVP, World Series MVP, Gold Glove, Silver Slugger, and All-Star selections.

And the deal is also heavily backloaded, paying Pujols just $12 million in 2012 and $16 million in 2013 before his salary rises to $23 million in 2014 with an annual $1 million bump each year through 2021:

2012: $12 million
2013: $16 million
2014: $23 million
2015: $24 million
2016: $25 million
2017: $26 million
2018: $27 million
2019: $28 million
2020: $29 million
2021: $30 million

The thought of paying $30 million to a 41-year-old Pujols in 2021 is pretty scary, but the Angels’ new television deal makes even that contractual monstrosity a relative drop in the revenue bucket and who knows what MLB’s money-making landscape will look like a decade from now.

Report: Mariners sign Juan Nicasio to a two-year deal

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Ken Rosenthal of The Athletic reports that the Mariners have signed pitcher Juan Nicasio to a two-year contract, pending a physical.

Nicasio, 31, spent last season with the Pirates, Phillies, and Cardinals, putting up an aggregate 2.61 ERA with a 72/20 K/BB ratio in 72 1/3 innings. He appeared in 76 games, leading the National League.

Nicasio will help bolster the Mariners’ bullpen behind closer Edwin Diaz. It’s not known exactly what role he’ll have but it seems reasonable to assume he’ll handle mostly the seventh inning while Nick Vincent will set up for Diaz. Nicasio does have plenty of starting experience so he could also spot start in a pinch.