Details of Albert Pujols’ contract with Angels revealed
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Albert Pujols’ contract with the Angels guarantees the slugger $240 million over 10 years and includes a personal-services agreement worth at least $10 million, according to several Internet reports, the details of which were confirmed by a person familiar with the deal but not authorized to speak publicly about it.
The contract is heavily backloaded, which helped the Angels accommodate the five-year, $77.5-million deal for pitcher C.J. Wilson, and includes hefty milestone bonuses that could push the package’s value to $260 million.
If Pujols, who amassed 2,073 hits and 445 home runs in 11 seasons in St. Louis, reaches 3,000 hits, a milestone he is on pace to hit in 2016 or 2017, he will receive a $3-million bonus.
If Pujols, who turns 32 in January, breaks Barry Bonds’ home run record of 762 -- Pujols would need to average 32 homers a season over the life of the contract to do so -- he will receive an additional $7 million.
Pujols, whose deal includes a full no-trade clause, is to be paid $12 million next season, which will push the Angels’ projected 2012 payroll to about $150 million, and $16 million in 2013.
Pujols’ base pay will jump to $23 million in 2014, at which point it will increase by $1 million each season over the final seven years of the contract, concluding with a $30-million salary in 2021.
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