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.
Why yes, it is a slow news day. But let’s not allow that to take away from some MLB history.
Last night a young man named Dovydas Neverauskas pitched in mopup duty for the Pirates, who were getting hammered by the Cubs. Mr. Neverauskas pitched two innings, allowing one run, making him, by default, the most effective pitcher the Pirates sent out there last night.
That’s good, but that’s not what makes it historic. What makes it historic is that Neverauskas is the first person born and raised in Lithuania to make the Majors. Here’s some back story on him from last year’s Futures Game.
Lithuania is known for producing basketball players. Now it has its first major leaguer. Whether he becomes baseball’s Arvydas Sabonis is an open question.
Madison Bumgarner talked to the press yesterday about his dirt bike injury and its fallout.
While there is some speculation that the Giants may change their approach to Bumgarner’s contract situation at some point as a result of all of this, yesterday Bumgarner noted that the organization has been supportive as have his teammates. He said he apologized to them as well for an act he characterized as “definitely not the most responsible decision.”
As for the wreck itself, Bumgarner was a bit embarrassed to say that it wasn’t the result of doing anything cool or spectacular on the bike. Sounds like he probably just laid the thing down. Guess it makes no real difference given that he’s injured either way, but you’d hope to at least get a cool story out of it. Alas.
Here’s video of him talking to the press. The best and most accurate takeaway from it: when he says “it sucks.” Yep.