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Blog Entry

Here's Pujols $240M deal, year by year

Posted on: December 30, 2011 4:59 pm
Edited on: January 24, 2012 9:01 pm
 

Albert Pujols' deal with the Angels, which is heavily backloaded, will be for $250 million if one counts the $10-million personal services rider, team and union sources said. If not, it's actually a $240-million contract.

The backloaded nature of the deal was first reported by ESPN.com, which correctly reported the first two years of the deal at $12 million and $16 million. The remaining eight years, as the agreement stands now, will be for $23 million, $24, million, $25 million, $26 million, $27 million, $28 million, $29 million and $30 million, the sources said.

That adds up to $240 million for 10 years, or if the post-retirement monies are counted, $250 million, not the $254 million widely reported previously.

That extra $10 million for "personal services'' could possibly not count toward the luxury tax since it is for "post retirement'' work, so a case could be made it shouldn't be counted toward the baseball deal, making it $240 million. But it may still be seen as a $250-million deal.  ESPN said the deal is taking so long to be finalized because of the personal services arrangement.

In any case, the backloaded nature of the deal means it is worth somewhat less than $250 million. If they want to bring it up to $254 million, they'd have to backload it even more. But these are the numbers as they stand now. according to sources.

There is also a $3 million bonus if Pujols reaches 3,000 hits and $7 million if he breaks Barry Bonds' alltime home run record, as Yahoo! first reported. so that could bring it up to $260 million. ESPN reported the deal could be worth $265 million, so there may be additional incentives.

New Angels pitcher C.J. Wilson also signed a backloaded deal. He will get $10.5 million in 2012, followed by $11.5 million, $16.5 million, $18.5 million and $20.5 million in the final four years. 

Category: MLB
Comments

Since: Oct 22, 2009
Posted on: December 30, 2011 9:38 pm
 

Here's Pujols $250M deal, year by year

I think this is a case where the family won out over the players wishes.  I think Albert wanted what would have came to him as a career Cardinal.  I think the wife and kids wanted Hollywood. 

It's done now.  We got the best 11 years a player has ever put together.  So good luck Albert.  Hope we see you in the World Series. 



Since: Oct 16, 2011
Posted on: December 30, 2011 9:10 pm
 

Here's Pujols $250M deal, year by year

In most cases I understand why an athlete leaves for more money. But Pujols is one of only maybe 10 current athletes in the four major sports that had a chance to be THE sport's icon of his city for his generation. In LA there is a long line of retired and current (Kobe, maybe Mat Kemp?) that are a ahead of him. in St Louis I can't think of anyone that could have touched. Yes LA is a bigger market but in Cali he's only a prince in StL he would have been a king. 10 years after his career is done in LA will people still flock to him like they would have in StL? I think he gave up long term cash for short term gain.



Since: Nov 3, 2010
Posted on: December 30, 2011 8:25 pm
 

Here's Pujols $250M deal, year by year

Heyman is there anything that you'd like to report, or should I just gop to espn and yahoo and read their stories????



Since: Oct 24, 2010
Posted on: December 30, 2011 6:04 pm
 

Here's Pujols $250M deal, year by year

Good for him. I'm glad the Cards are not stuck with that contract. Even the 210-220 offered to him was a lot, but--if a couple more WS would've resulted--it might have been worth it. But the reverence he would have had from St Louis would've been priceless. In additon, what is really the difference between 210 and 240? I KNOW IT'S A LOT, BUT MANY PLAYERS HAVE TURNED DOWN AS MUCH TO GO/STAY WHERE THEY WANT. Really, how much is enuff? He lied: He really didn't want to be in Cardinal Red. Who knows why.


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