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Hamilton's contract valued at $123 million by MLB

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NEW YORK (AP) - Josh Hamilton's contract with the Los Angeles Angels has been valued at $123 million by Major League Baseball because $2 million is being paid to the outfielder's foundation by the team and not to the player.

Under the five-year deal completed Saturday, the All-Star outfielder receives a $10 million signing bonus and salaries of $15 million in each of the next two seasons, $23 million in 2015 and $30 million apiece in 2016 and 2017.

On each June 1 of the contract, the Angels will donate $400,000 to The Four Twelve Foundation, Hamilton's charity.

Copyright 2016 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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