Blog Entry

Report: Pujols contract heavily backloaded

Posted on: December 29, 2011 6:50 pm
Edited on: December 29, 2011 7:19 pm
 
By Matt Snyder

We already knew Albert Pujols signed a gargantuan 10-year contract worth over $250 million to play for the Angels. What we didn't know initially was how the contract would break down. Considering the Angels went into the offseason saying they couldn't drastically increase payroll, it's not overly surprising that Pujols' contract is reportedly backloaded pretty heavily. From Jerry Crasnick of ESPN.com:
Pujols will make a base salary of $12 million in 2012 and $16 million in 2013, said a source. His salary will gradually increase until it surpasses $30 million annually near the end of the deal.
Crasnick also notes that Pujols agreeing to have a lower salary in the next two seasons helped the Angels afford to sign starting pitcher C.J. Wilson. Then again, getting paid over $30 million when he's surpassed 40 years of age doesn't exactly sound too shabby for Pujols.

Also, Crasnick reports the deal has taken a while to finalize because the it includes a "personal services contract with the Angels once [Pujols'] playing days are done."

Pujols turns 32 this coming January, so he'll turn 42 before the final year of this contract. And, again, he'll make over $30 million that season. While Pujols has been the best player in baseball for a while -- finishing in the top five of MVP voting 10 of his 11 seasons, it's hard to see him being worth anywhere close to that salary in 10 years. The Angels are obviously counting on him earning back the entirety of the deal in the first five to seven years.

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Comments

Since: Jan 10, 2010
Posted on: December 30, 2011 11:33 am
 

Report: Pujols contract heavily backloaded

u dont sign 32 year old players to 10 year contracts. how foolish. angel fan, pujols is nothing but a sell-out and a coward. after the trade, the st. louis media wanted to speak to albert and instead throws his own wife to the wolves to speak for em. i can safely gaurantee that pujols at some point will sell out the angels in the future. will pujols even play till 42? i think not. so not only do u make a horrible deal w/ pujols,  then u turn around and give over 70 million to cj wilson as if this guy is doc halliday or something. over 300 million to 2 guys? YIKES! hope u enjoy the next 2 seasons angel fan bc u will have nothing to cheer for for the better part of a decade.



Since: Aug 25, 2006
Posted on: December 30, 2011 11:28 am
 

Report: Pujols contract heavily backloaded

LOL   comparing Carlos Beltran with Pujols  ..funny

Beltran has 1 good year every 5 (his contract year of course)

mets fans will tell you what a BUST that guy was for 5 years...good riddance out of new york Beltran...



does anyone know who won the ONLY DECADE TRIPLE CROWN EVER?   thats right Pujols.

Top 3 player ever, and the best righthanded hitter ever, is worth way more than $250 mill...

he will turn the Angels franchise into one of the most valuable teams in the world!




koomking
Since: Dec 30, 2011
Posted on: December 30, 2011 11:25 am
This comment has been removed.

Post Deleted by Administrator




Since: Apr 22, 2011
Posted on: December 30, 2011 11:23 am
 

Report: Pujols contract heavily backloaded

He will not be the home run king. Slim chance at best. Have to average 35 home runs a year for the next 9 to 10 years.without any injuries.He is not worth 30 million at age 32, 33 or 34 so at 40,41good luck Angels. Great teamate plays hurt but is starting to hit into quite a few of double plays, killing rallys. They will have about 4 good years with him after that they will be saddled with a contract that is crazy for a guy hitting 280 and hitting 28 to 30 home runs. Have at it! Cardinals did the right thing for their organization. With the money saved they will continue to put a very very good competitive team on the field. Hell Beltran had almost as good numbers as the Machine and they got him for 1/2 the money and only two years.



Since: Aug 25, 2006
Posted on: December 30, 2011 11:18 am
 

Report: Pujols contract heavily backloaded

 Carlos Zambrano of the Chicago Cubs will make an estimated $21,500,000 in salary this year. Barry Zito of the San Francisco Giants will make an estimated $20,000,000. Alex Rodriguez of the New York Yankees will make $26,000,000, while Joe Mauer of the Minnesota Twins will make an estimated $21,000,000. Johan Santana of the New York Mets will make $22,000,000 this year in the final year of his contract.


exactly!!!  Pujols is worth more than all those players COMBINED!  and he is only making $12-17 mill the fiorst 4 years!   

wow!

Pujols lookslike the BARGAIN of the century....


AROD MAKES $25 mill a year...who you you rather have?   AROD .111 average and 1 HR in 5 playoffs, or PUJOLS MONSTER STATS!



Since: Jun 11, 2008
Posted on: December 30, 2011 11:01 am
 

Report: Pujols contract heavily backloaded

Assuming that the U.S. dollar continues on its current rate of average inflation (3.4%), we can assume that in 10 years, today's dollar will be worth approximately $0.66. Backloading contracts during a period of predictable economic decline is a calculatedly intelligent decision. My estimate is that those $30,000,000 in 2022 will be worth approximately $19,800,000 in today's dollars. While this is still a significant dollar figure, we can fully expect that Albert Pujols will bring in well above this contract value in team revenue over the course of his seasons of highest productivity.

To put his figure in context, Carlos Zambrano of the Chicago Cubs will make an estimated $21,500,000 in salary this year. Barry Zito of the San Francisco Giants will make an estimated $20,000,000. Alex Rodriguez of the New York Yankees will make $26,000,000, while Joe Mauer of the Minnesota Twins will make an estimated $21,000,000. Johan Santana of the New York Mets will make $22,000,000 this year in the final year of his contract.

The Angels have done well to save money up front, and pay out when the value of those dollars has decreased significantly.

Of course, none of these economic concepts are sure things. But the business minds that run these organizations are paid to project the value of their dollars spent as well as they can. Let's make sure we look at the whole picture before we judge.

***No one is arguing that professional athletes are not overpaid. This analysis was performed only in comparison to the market in which it is set.



Since: May 17, 2008
Posted on: December 30, 2011 10:58 am
 

Report: Pujols contract heavily backloaded

The Angels had the chance and they jumped all over it leaving the Cards in the dust..... how anybody could possibly think this is a bad deal by the Angels and/or a good move by the Cards makes me scratch my head because I simply don't get it
Its really just the length of the deal redwings....I don't fault the teams for going after Pujols, just the amount/length of the deals.  I understand the Angels new tv deal gives a lot of new revenue, but keep in mind too that it is not all necessarily profit...over the next 10 years ALL player salaries are likely to continue to rise.  Pujols alone cannot carry a team -- age, injuries, free agency for other players around him will cause the Angels payroll (just like every other team) continue to rise--maybe faster than revenues, to a point where Albert's contract and diminishing production  MIGHT cause the Angels problems in fielding competitive team and staying financially sound in the last few years of the deal.  Based on that, it may or may not be a good deal for the Angels at the end, we'll just have to wait and see.  For the Cardinals, ultimately, what they offered was probably as much as they could afford give all of the above.  Keeping Albert just does not add that much to the bottom line as they sell out anyway --  you only have so many tickets, I guess they could raise ticket prices--other than some merchandise sales, but Cardinal fans are loyal, they'll just buy another Cardinal jersey.  For STL then, not signing Albert frees up that $25 to $30million per year that can be used to fill other holes (Berkman, Beltran, Furcal for example are all only short-term stop gap "fixes" at 1B, OF and SS).  So, ultimately it may be a "good move" by the Cardinals not to match the Angels offer.
 



Since: Apr 4, 2007
Posted on: December 30, 2011 10:57 am
 

Report: Pujols contract heavily backloaded

You say he is a team player for taking less at the begining to sign other players. Maybe that's true. Will he still be a team player when he's 40+ making 30 mil a year and they can't sign other players because he makes so much. Imagine paying Bobby Abreu 30 mil for the numbers he put up.
That's Albert in 10 years.
 



Since: Aug 25, 2006
Posted on: December 30, 2011 10:52 am
 

Report: Pujols contract heavily backloaded

REDWINGS great post

MAYBE tdAISON CANLEARN SOMETHING...




Since: Aug 21, 2006
Posted on: December 30, 2011 10:50 am
 

Report: Pujols contract heavily backloaded

Wait up.  I see some people trying to demonize Pujols. He's a great guy and a guy that your kids can look up to w/o seeing his name on the front page getting popped for PEDs.   You may not like that he chose money over getting ripped of in St Louis but I don't see why anyone would think he's a bad person.


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