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Angels and Justin Upton agree on a five-year, $106 million contract extension

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The Los Angeles Angels announced a few minutes ago that they and outfielder Justin Upton have reached an agreement on a five-year contract extension. It will keep him under the Angels’ control through 2022 and pay him $106 million.

Upton was already under contract through 2021, paying him $88.5 million, but possessed opt-out rights this offseason. At the end of the regular season it was reported that he was considering exercising that opt-out. That may or may not have been a negotiating tactic, but if he did opt-out he would’ve had to land a deal paying him in excess of $22 million per year, which was no sure thing.

Not that he isn’t taking a bit of a paycut, at least up front. The deal is restructured to pay him $16 million in 2018, $18 million in 2019, $21 million in 2020, $23 million in 2021 and $28M in 2022. The backloading aside, it’s the equivalent of adding one year and $17.5 million on to his existing deal, but gives the Angels more financial flexibility up front.

Upton posted career-highs in home runs (35), RBI (109), and OPS (.901) this season between the Tigers and Angels, batting .273/.361/.540. In Anaheim specifically, he hit .245/.357/.531 with seven homers in 27 games.

Here’s the Angels’ announcement:

And Upton’s response:

Giants, Cardinals reportedly have offers on the table for Giancarlo Stanton

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We’re entering what is typically one of the slowest news weeks in the baseball calendar. Occasionally some big free agents sign around now. For example, it was 20 years ago today Andres Galarraga signed with the Braves, and I still remember being in an airport on the way home to visit my parents when I heard the news. I’m an old man.

The biggest news that is likely to happen this offseason is Giancarlo Stanton being traded. That hasn’t happened yet, but here are the latest bits of news on that:

Jon Morosi of MLB Network reports that the Cardinals have made a formal trade offer to the Marlins for Stanton. No word what they’re offering, but the clubs have been in discussion for some time and it has been reported that the Marlins are the most interested in doing a deal with St. Louis due to the prospects they could send to Miami. There is a sense, however, that Stanton would be hesitant to approve a trade to the Cardinals because he prefers to play on the West Coast;

The Giants play on the west coast, and over the weekend they were reported to be the “most aggressive team” in trade talks for Stanton at the moment. Ken Rosenthal reports that the Giants have likewise made an offer. Their farm system is nowhere near as stocked as that of the Cardinals, so it’s unclear whether they have the prospects to make Miami happy. They could, of course, eat a lot of Stanton’s $295 million contract to make up for that, of course, but (a) doing so would put them over the luxury tax; and (b) the Marlins no doubt want to spur a rebuild with a Stanton trade, so if they can’t get some blue chip prospects back in return, what’s the point?

UPDATE: Who knows if this is anywhere close to enough — I’m guessing not — but this is what the Giants reportedly have on the table:

Anyway, that’s where we are as we begin Thanksgiving week.