Mike Trout AP

Details of Mike Trout’s contract extension with the Angels

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The Angels and superstar outfielder Mike Trout have agreed to terms on a six-year extension which is reportedly worth $144.5 million. FOX Sports’ Ken Rosenthal has the year-by-year breakdown:

2015: $5.25 million
2016: $15.25 million
2017: $19.25 million
2018: $33.25 million
2019: $33.25 million
2020: $33.25 million

While the Angels surely would have liked to have him for longer, they have to be thrilled that they were able to buy out three free agent years. The deal includes a $5 million signing bonus and Trout will receive a full no-trade clause. The two sides already agreed to a one-year, $1 million deal for 2014 in February, so this new extension will not count toward the team’s luxury tax until 2015. With high-priced names like Albert Pujols and Josh Hamilton already on the payroll, that’s a big deal.

Trout’s extension is the second-largest ever for a player with less than three years of MLB service. Buster Posey still holds the record with his eight-year, $159 million extension with the Giants. However, Trout’s $24.1 million AAV (average annual value) blows away Posey’s $19.875 million AAV.

Trout will be 29 at the end of the extension, which sets him up for another major payday. If he can keep up his current pace, his next deal will likely be the richest in baseball history.

Your 2016 Winter Meetings Wrapup

national-harbor
Gaylord National Resort
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OXON HILL, MD — The 2016 Winter Meetings are over.  As usual, there was still no shortage of excitement this year. More trades than we’ve seen in the past even if there are still a lot of free agents on the market. Whatever the case, it should make the rest of December a bit less sleepy than it normally is.

Let’s look back at what went down here at National Harbor this week:

Well, that certainly was a lot! I hope our coverage was useful for you as baseball buzzed through its most frantic week of the offseason. And I hope you continue coming back here to keep abreast of everything happening in Major League Baseball.

Now, get me to an airport and back home.

Eighteen players selected in the Rule 5 Draft

rule-5
MLB
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OXON HILL, MD — The Rule 5 Draft just went down here at National Harbor. As always, it was the last event of the Winter Meetings. As usual, you likely don’t know most of the players selected in the Draft, even if a couple may make a splash one day in the future.

In all, 18 players were taken in the Major League phase of the Rule 5. Here they are, with the name of the team which selected them:

Round 1
1. Twins:  Miguel Diaz, RHP, Brewers
2. Reds: Luis Torrens, C, Yankees
3. Padres: Allen Cordoba, SS, Cardinals
4. Rays: Kevin Gadea, Mariners
5. Braves: Armando Rivero, RHP, Cubs
6. D-backs: Tyler Jones, RHP, Yankees
7. Brewers: Caleb Smith, LHP, Yankees
8. Angels  Justin Haley,RHP, Red Sox
9. White Sox:  Dylan Covey, RHP, A’s
10. Pirates: Tyler Webb, LHP, Yankees
11. Tigers: Daniel Stumpf, LHP, Royals
12. Orioles: Aneury Tavarez, 2B, Red Sox
13. Blue Jays: Glenn Sparkman, RHP, Royals
14. Red Sox: Josh Rutledge, INF, Rockies
15. Indians: Holby Miller, LHP, Phillies
16. Rangers: Michael Hauschild, RHP, Astros

Round 2
17. Reds:  Stuart Turner, C, Twins
18. Orioles:  Anthony Santander, OF, Indians

For a breakdown of most of these guys and their big league prospects, check this story out at Baseball America. Like I said, you don’t know most of these guys. And, while there have been some notable exceptions in Rule 5 Draft history, most won’t make a splash in the big leagues.

Each player cost their selecting team $100,000. Each player must remain on the 25-man roster of his new club for the entire season or, at the very least, on the disabled list. If he is removed from the 25-man, the team which selected him has to offer him back to his old team for a nominal fee. Sort of like a stocking fee when you return a mattress or something. Many of these guys, of course, will not be returned and, instead, will be stashed on the DL with phantom injuries.

Aren’t transactions grand?