NEW YORK — Guess $240 million wasn't quite enough for Albert Pujols. In addition to his salary, the Los Angeles Angels are giving the slugger four season tickets to home games over the next decade.
He and the Angels still need to work out the location of the seats, which are his to enjoy for the duration of his contract. After that, if he still wants them, he has to pay.
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
|Personal Services Agreement|
The sides agree that after the expiration of the contract or Pujols' retirement as a player, they will enter into a 10-year personal services relationship and Pujols will be paid $1 million annually.
The sides agree they will enter into a separate marketing agreement in which Pujols will be paid for the promotion and marketing of specified milestone accomplishments. Among them are a $3 million payment for 3,000 hits and a $7 million payment for 763 home runs.
Most Valuable Player_$500,000
MVP second or third place_$75,000
All-Star election or selection_$50,000
World Series MVP_$100,000
League championship series MVP_$75,000
Pujols will contribute at least $100,000 annually to the Angels Baseball Foundation, of which half will be distributed at the direction of Pujols and half at the direction of the team.
- Pujols may not be traded without his consent.
- Pujols gets a hotel suite on road trips.
- Pujols Foundation gets the use of a luxury suite for 10 home games per year.
- Pujols has the right to buy a luxury suite between first base and third base for all home games.
- Pujols receives four mutually agreed-upon seats for every home game and has the right to buy the same season tickets after the contract ends for a term of his choice.
Those details were contained in the terms of his deal that was filed Thursday with Major League Baseball and the players' association.
Other perks include:
- hotel suite on road trips.
- luxury suite at the ballpark for the Pujols Foundation, his charitable group, for 10 home games a year.
- right to buy a luxury suite between first base and third base for all home games.
The deal was so complicated it includes three separate agreements: His playing contract, a marketing deal and an agreement to enter a 10-year, personal-services agreement following the playing contract's expiration or Pujols' retirement, whichever is later. That will pay $1 million annually, but because it is contingent on Pujols actually working for the team, it is not considered guaranteed money for the purposes of baseball's luxury tax.
High-payroll teams such as the New York Yankees and Boston Red Sox are likely to examine that structure closely and may emulate it in future agreements.
There also is a marketing agreement that will pay Pujols for milestone accomplishments. The player will receive $3 million for 3,000 hits and $7 million for a record 763rd home run. He currently has 2,073 hits and 445 home runs.
Including all three agreements, Pujols could make up to $268.75 million over 20 years. That includes $875,000 in possible award bonuses each year for accomplishments such as Most Valuable Player, World Series and league championship series MVP, Gold Glove and Silver Slugger, and making the All-Star team.
Like C.J. Wilson's $77.5 million, five-year contract, which also was agreed to Dec. 8, Pujols' deal is heavily backloaded. His 2012 salary will be $12 million, down from the $16 million he made last year in the option year of his contract with the St. Louis Cardinals.
Pujols salary increases to $16 million in 2013 and $23 million in 2014, then rises $1 million annually until he makes $30 million in 2021, when he will be 41.
It is only the third $200 million contract in baseball history, behind Alex Rodriguez's $252 million deal with Texas after the 2000 season and A-Rod's $275 million agreement with the Yankees after the 2007 season.
Pujols' average salary matches that of Philadelphia pitcher Cliff Lee for third highest among current players behind Rodriguez and Phillies first baseman Ryan Howard ($25 million).