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March 31, 2014

Transaction Analysis

Angels Sign Baseball's Best Player to One of Baseball's Best Deals

by Ben Lindbergh



ANAHEIM ANGELS
Team Audit | Player Cards | Depth Chart

Signed CF-R Mike Trout to a six-year, $144.5 million extension. [3/28]

Because Mike Trout is the best player in baseball, one would think that any transaction in which he’s involved would lead to a long article. But this is going to be a fairly short one, both because Sam Miller already wrote about Trout’s extension when the approximate parameters were first reported and because there are really only a few things about this contract that you need to know.

If you read the italicized text and did some quick mental math, you’ve already realized that this is a steal for the Angels (which isn’t to say that it’s a mistake for Trout). Here are the basics: The extension buys out Trout’s three arbitration-eligible years (2015–17) and what would have been his first three free agent years (2018–20), ensuring that the Angels can hug him and pet him and squeeze him and pat him through age 28. The contract also includes a full no-trade clause—not that trading Trout was going to be high on the Angels’ to-do list, considering the team-friendly terms of the deal.

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9 comments have been left for this article. (Click to hide comments)

BP Comment Quick Links

warpigs

Any word on whether cloning rights were addressed in the contract?

Mar 29, 2014 11:05 AM
rating: 8
 
John Geer
(44)

That whole segment was hilarious. Almost as funny as Ben losing it every time Sam said "Trouts."

Mar 29, 2014 13:44 PM
rating: 1
 
BP staff member Ben Lindbergh
BP staff

I reserve the right to revise my opinion of this extension if it turns out that anyone can clone Trout.

Mar 29, 2014 15:28 PM
 
pft1957

Trout was 4 years from free agency and making a paltry 1 million a year. He was eager to start living the good life and get financial security. Angels had all the leverage.

Mar 30, 2014 00:47 AM
rating: 3
 
hyprvypr

Payday and wealth intact so he can play wrecklessly hard and carefree.

Knowledge that he will probably still set the longest/most expensive deal in the history of sports when he signs a 12+ year deal at age 28. I'll go with the Yankees, even though it makes me sick, 12 years, 400 million.

Mar 30, 2014 07:52 AM
rating: 1
 
bpars3

One other off field tragedy for the Angels was Lyman Bostock back in the '70s. Not to mention Donnie Moore. Sorry to be bringing up some sad events on Opening Night...

Mar 30, 2014 19:38 PM
rating: 1
 
BloodStripes

Agree with pft1957. He either plays on low dollars and waits for arb or takes the big bucks now. Good team or bad at age 22 the decision is easy. Angels held the cards but Trout was still dealt a good hand.

Mar 31, 2014 04:39 AM
rating: 2
 
SC

I also wonder if there has been an effort across baseball to avoid getting close to arbitration with the best young players in the game, so as to avoid setting huge arbitration records that could both inflate other awards and set precedents for contracts that would be less favorable to teams. Had any of Trout/Harper/Longoria/McCutch/etc. reached arbitration, a non-baseball expert could make an award that would effectively bump all pre-FA salaries significantly.

Mar 31, 2014 09:51 AM
rating: 1
 
misterjohnny
(925)

The other benefit for Trout is he knows where his home is for the next six years. If he goes year to year he never knows where he will be as the Angels may want to trade him if they feel they can't extend him. Most of us reading this have no idea what its like not knowing what city you will call home next week/month/year.

Mar 31, 2014 10:19 AM
rating: 0
 
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<< Previous Article
Premium Article The Miguel Cabrera Ext... (03/31)
<< Previous Column
Transaction Analysis: ... (03/28)
Next Column >>
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Premium Article Minor League Update: S... (03/31)

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