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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