Albert Pujols' Angels deal official, could be worth $268.75 million
Albert Pujols could earn as much as $268,750,000 over the next 20 years, according to a union filing detailing the fine print of his contract with the Angels.
The deal, which was agreed upon at the winter meetings, took nearly a month to be finalized.
Pujols will earn $240 million in salary over the next 10 seasons. Upon his retirement, he will be offered a personal-services contract that would pay him $1 million a year over 10 years. Pujols can decline or terminate the agreement at any time.
As previously reported, Pujols will earn $12 million next season and $16 million in 2013. Pujols’ salary will climb to $23 million in 2014 and increase by $1 million in every subsequent season through 2021, when he will earn $30 million.
Pujols can earn an additional $10 million for the marketing rights related to milestone accomplishments –- in particular, his 3,000th hit and 763rd home run, according to reports.
Pujols can also earn an extra $875,000 annually in performance-based incentives: $50,000 for making an All-Star team; $75,000 each for winning a Gold Glove, a Silver Slugger or American League Championship Series MVP; $100,000 for winning the World Series MVP; and $500,000 for winning the AL MVP.
Pujols will get four mutually-agreed-upon seats for every Angels home game and can purchase those same seats at the end of the contract.
The Pujols Family Foundation will be granted a suite for 10 home games every year.
Pujols will donate $100,000 annually to the Angels’ charity.
The players’ union values the contract at $246,841,111.
-- Dylan Hernandez
Photo: Albert Pujols after the Cardinals' World Series win. Credit: Ezra Shaw / Getty Images.