Friday, January 6, 2012

Pujols Contract Detail$

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.


Pujols A breakdown of Albert Pujols' 10-year guaranteed contract with the Angels, with additional provisions:

Salary
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
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.

Milestone accomplishments
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.

Award Bonuses
Most Valuable Player: $500,000
MVP second or third place: $75,000
Gold Glove: $75,000
Silver Slugger: $75,000
All-Star election or selection: $50,000
World Series MVP: $100,000
ALCS MVP: $75,000

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:

• A hotel suite on road trips.

• A luxury suite at the ballpark for the Pujols Foundation, his charitable group, for 10 home games a year.

• The right to buy a luxury suite between first base and third base for all home games.

Los Angeles' offer to Pujols surpassed St. Louis' offer by more than $40 million. Pujols played his first 11 seasons with the Cardinals.

The Angels' deal was so complicated that 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.

SOURCE: ESPN

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