Breaking down Josh Hamilton’s five-year, $125M contract

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Alden Gonzalez of MLB.com has the full season-to-season financial breakdown of Josh Hamilton’s new five-year, $125 million agreement with the Angels:

2013: $15 million
2014: $15 million
2015: $23 million
2016: $30 million
2017: $30 million

The deal also includes a $10 million signing bonus, access to a luxury suite and a full no-trade clause. The remaining $2 million will be given to a charity.

It’s a pretty back-loaded contract, much like the 10-year, $240 million pact signed last offseason with Albert Pujols.

As our own D.J. Short notes on Twitter, the Angels will be paying Pujols and Hamilton a combined $55 million in 2016 and $56 million in 2017. And they’ll both be in their mid-to-late 30s at that point.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.