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.

Hanley Ramirez and Eduardo Rodriguez underwent surgery

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Red Sox DH Hanley Ramirez announced via Twitter on Tuesday that he underwent surgery — left shoulder arthroscopy and debridement, per Tim Britton of the Providence Journal. Evan Drellich of NBC Sports Boston reports that the operation is considered relatively minor.

Ramirez, 33, has been dealing with shoulder issues for a while, which explains his lackluster regular season numbers. He hit .242/.320/.429 with 23 home runs, 62 RBI, and 58 runs scored in 553 plate appearances. He turned things on in the postseason, though, racking up eight hits in 15 trips to the plate in the ALDS against the Astros.

Ramirez should be good to go heading into spring training. He has one more guaranteed year left on his contract at $22 million and has a vesting option for the 2019 season worth another $22 million.

Pitcher Eduardo Rodriguez also had surgery, Britton reports. The procedure was right knee patellofemoral ligament reconstruction and it was performed by Dr. James Andrews. Rodriguez has a six-month timetable, which Britton estimates will allow him to make his 2018 regular season debut around the All-Star break.

Rodriguez, 24, posted a 4.19 ERA with a 150/50 K/BB ratio in 137 1/3 innings this past season. He’ll be entering his first of four years of arbitration eligibility this offseason.