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Report: Albert Pujols turned down bigger offer from Marlins

Dec 8, 2011, 12:51 PM EDT

miami marlins new log

UPDATE: Suffice it to say there’s some significant disagreement about how much the Marlins actually offered Pujols, as Bob Nightengale of USA Today says it was $275 million for 10 years. That’s a pretty huge difference compared to Frisaro’s report of $210 million and in Nightengale’s scenario Pujols left $25 million or so on the table.

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Albert Pujols‘ agent informed the Marlins last night that they were out of the running and now Joe Frisaro of MLB.com reports that Miami’s final offer to the three-time MVP was $210 million for 10 years.

Pujols ended up getting what’s reported to be $250-260 million over 10 years from the Angels and even the Cardinals’ best offer was believed to be higher than $210 million, so while the Marlins made plenty of headlines for their pursuit of Pujols it sure seems like they never had a great chance to actually sign him.

Miami’s refusal to grant Pujols a no-trade clause also reportedly played a factor. On the other hand, because of the tax situation $210 million earned in Florida is worth considerably more than $210 million elsewhere.

According to Frisaro the Marlins are likely to make a “run” at Prince Fielder “in the upcoming weeks.”

  1. Old Gator - Dec 8, 2011 at 11:55 AM

    I hope, truly hope, that Frisaro is wrong. That beached baleen whale is all wrong for the Feesh.

  2. APBA Guy - Dec 8, 2011 at 12:13 PM

    Pujols to the Angels-and for the moment the Wilson deal is unconfimed-changes the AL West dynamic for the next 3-4 years, until the Pujols decline reaches a contract tipping point. Especially for the Rangers, and less obviously for the A’s, Mariners, and Astros, the AL West has become the mirror image of the AL East, with two huge payrolls vying for the playoffs and a few mid-and small market teams trying to keep up. Of course, Houston can be a huge market team with proper management. A winner could substantially upgrade their local TV deal, which is how the Angels are paying for Pujols.

    What will the Rangers do? Over the last two years they’ve lost their top pitcher to free agency and have not replaced him entirely. Wilson faded at #1 in the playoffs. And as we know, you must have top pitching to succeed in the playoffs, as well as a balanced, long offense. Even then nothing is guaranteed. But the Rangers staff now looks decidedly one level below the Angels, who are building a Phillies of the West structure. And make no mistake, Texas has money. Their TV deal has enriched their ability to add payroll far beyond their current level, even with the need to pay Josh going forward.

    Possibly the Rangers course is via trade, as the FA market for pitching is over. Gio is the one pitcher I see who can endure the heat of Texas’ summer, but his BB/9 rate would be a strong negative in Arlington. Still, he may be the best option among the publicly available pitchers.

    But if I were Jon Daniels, I’d be pursuing every option, no matter how fantastic and far fetched, and I’d start in Seattle. Long live the King.

    • koufaxmitzvah - Dec 8, 2011 at 3:27 PM

      “Especially for the Rangers, and less obviously for the A’s, Mariners, and Astros, the AL West…”

      Oh, man, APBA. I just threw up in my mouth.

      Poor DisAstros. Booted from the NL.

  3. 1972wasalongtimeago - Dec 8, 2011 at 12:20 PM

    Good riddance. Marlins much better off. Gaby Sanchez isn’t a Hall of Famer, but he is an All-Star. He is from Miami. He is inexpensive. He is Cuban. He’s a fan-favorite. He kicked Nyjer Morgan’s butt last year.

    Ten years? If Manny Ramirez signed a 10 year contract at 32, when he was still elite, he’d still have 4 years left on it now. Have fun Los Angeles Angles of Anaheim California.

    • brucewaynewins - Dec 8, 2011 at 12:30 PM

      I understand why Cardinals fans are upset. They lost one of the best of his generation, in franchise history, and baseball history. But if they kept him it was gonna have them cash strapped for a decade because of Holiday and Carpenter and others.

      Like you said compare it to Manny.

    • halo5280 - Dec 8, 2011 at 3:30 PM

      Pujols will provide Angel ownership more revenue than Manny ever would have. Pujols is going to move more Dodger fans to the Angels, Pujols will sell more tickets, Pujols just provided an additional boost to the FOX sports TV contract that is about to be negotiated, Pujols just made the Angels relevant, etc., etc. In 4-5 years Arte Moreno will have a very good ROI. IMO comparing Manny to Pujols is apples to oranges.

      • 1972wasalongtimeago - Dec 8, 2011 at 9:16 PM

        Talk to me in 6 years when he’s recovering from his lumbar fusion

    • thebaltimoron - Dec 10, 2011 at 2:38 AM

      Manny would have two years left on that deal, not four.

  4. 1972wasalongtimeago - Dec 8, 2011 at 12:27 PM

    Gotta tell you…I really like the logo.

    • southbeachtalent - Dec 8, 2011 at 4:44 PM

      I honestly like it too.

  5. cintiphil - Dec 8, 2011 at 12:31 PM

    Your comment on “On the other hand, because of the tax situation $210 million earned in Florida is worth considerably more than $210 million elsewhere.” has no bearing here. Albert signed in California! How much more are the taxes there than in Florida or Missouri? He is looking at total dollars, not net. if his agent was looking out for him, he should look at the bottom line NET, not gross. However, I will bet that his agent is paid on the gross contract.

    • davidpom50 - Dec 8, 2011 at 1:00 PM

      The tax issues are incredibly complex… Players pay taxes to each state in which they play games (in a series of state laws known as “Michael Jordan’s Revenge). It’s not as simple as “Florida = low taxes, therefore low net.”

      • cintiphil - Dec 8, 2011 at 1:25 PM

        However he play at least 81 games in LA!, not Fla or MO. If he plays in the AL, he will also play some in Oakland, so there goes another big bunch of $$.

      • davidpom50 - Dec 8, 2011 at 1:29 PM

        I think the tone of my post came out wrong… I was attempting to agree with you, and add to your point that the line from the original post, “On the other hand, because of the tax situation $210 million earned in Florida is worth considerably more than $210 million elsewhere.” is overly simplistic and has no bearing.

      • florida727 - Dec 8, 2011 at 4:17 PM

        At least half of the $250 million will be taxed as personal income in CA. A quick Google search showed that to be at 6.6%. $125M x 6.6% = $8.25 million.

      • tommyoko - Dec 9, 2011 at 6:26 AM

        damn Man…………. if you play half your games at home [fl.] with zero income tax isn’t that better than paying taxes at all your games ?…………. duh !!!

  6. 78mu - Dec 8, 2011 at 12:45 PM

    How much is being able to use him as a DH in the final years of his contract worth? I would say that’s a big difference when an AL team has to justify paying a guy from the age of 36 on.

  7. Detroit Michael - Dec 8, 2011 at 12:53 PM

    So were the reports late yesterday of a mystery team (besides Cardinals, Marlins, and Angels) bidding on Pujols completely false?

  8. marlinman15 - Dec 8, 2011 at 1:12 PM

    and people were complaining that the Marlins were buying a championship??

  9. mdbowers - Dec 8, 2011 at 1:35 PM

    First of all, I recognize that the tax situation is a very complex thing.

    However, I did some basic calculations about how much Pujols would make after taxes in each situation. Again, it’s basic and rough (not factoring in the various other decutions and agent fees), but it gives you at least a starting point:

    On an annual salary of $25 million annually in California (10 years/$250 million), the takeaway after various taxes is $13.08 million. The amount in state taxes alone is about $2.8 million.

    On an annual salary of $21 million in Florida (using the 10/$210 report), the takeaway is $13.36 million, thanks largely losing less in federal taxes and no state taxes.

    On an annual salary of $25 million in Florida, the takeaway is $15.9 million.

    And if the 10/$275 report is accurate, the yearly takeaway from that would be $17.49 million.

    So yes, lack of state taxes can make that much of a difference. As one who currently works in a state (Washington) with no taxes, I can attest to that, though I would kill to have the type of money he’s going to make.

  10. wrw0101 - Dec 8, 2011 at 1:46 PM

    The Marlins must have the no trade clause because all of their revenue projections are based on them drawing 35,000 to every game in the new ball park, and if that does not happen, they have to be in a position to unload these players before they reach no trade status because of the 10 and 5 rule. And by the way, there is no way in hell the Marlins are going to draw 35,000 every night here in Miami. This is just not that good of a sports town.

  11. Old Gator - Dec 8, 2011 at 1:49 PM

    I’m going to hazard a guess that this giant Marlins offer will prove to have been horse shit. It would suit Pujols’ public relations purposes at this juncture to have people believe there was something idealistic about his decision and that he left money on the table. Lozano is a proven slug; it wouldn’t surprise me at all if he floated this megamyth to the insatiable and equally gullible minions of the press.

  12. Detroit Michael - Dec 8, 2011 at 1:52 PM

    If this story is true, then it wasn’t just about the money for Pujols. The Marlins offer (without a no-trade clause), especially considering there are no state income taxes in Florida, sounds like it was worth considerably more than the Angels’ offer.

    Even if this report is false, we still don’t know that it was just about the money for Pujols. We only know that he valued the nonmonetary stuff about staying in St. Louis to be worth less than the difference between the Cardinals’ and Angels’ offers.

  13. sneschalmers - Dec 8, 2011 at 2:17 PM

    I’d like to think that this is just part of Pujols’ plan to continually torment the Astros. Just when they thought they wouldn’t have to deal with him anymore in their move to the AL, BAM! There’s Pujols. I know the Astros are still in the N.L. for this year, but I’d like to think Pujols was just thinking ahead.

  14. michiganhockey11 - Dec 8, 2011 at 3:37 PM

    There is a big difference in his tax situation. First of all, Albert is not a U.S. citizen which means his tax rate is lower than natural born citizens. Secondly, yes the tax rate does vary based on which state he is playing in. However, by picking Florida, that would have ensured that all his home games would have no state tax whatsoever. Thus, giving him a higher net income based on his total gross offer than other teams that have income tax in their respective state.

    • paperlions - Dec 8, 2011 at 3:57 PM

      Actually, yes, he is a US citizen.

  15. michiganhockey11 - Dec 8, 2011 at 3:45 PM

    Prince Fielder has to me at home going “cha-ching”

    • michiganhockey11 - Dec 8, 2011 at 3:46 PM

      *be

  16. wizardofosrin - Dec 8, 2011 at 3:46 PM

    Smartest thing Pujols could have done was to pass on the Marlins, and if Jose Reyes and Mark Buehrle were as bright they would have turned down their contracts as well without the No Trade Clauses. In 2012 you can count on this from the Marlins:
    1. Playing in a new $500 million stadium that duped the city of Miami into paying $100 million to build the parking garages while the team makes all the revenue on the parking whether all the spaces are filled or not.

    2. The SEC is investigating said stadium and the ‘sweet’ deal the Marlins got from the city.

    3. Hanley Ramirez—who hasn’t been the same player since the spoiled brat signed his $40 million contract a few years back—will first cry about having to move from SS to 3B to make room for Reyes; and after that is resolved, he will continue to sulk, get a hangnail that puts him on the DL; and then demand a comparable contract or a trade.

    4. Ozzie Guillen will prove to be a buffoon, though an aptly placed one in Miami’s Bananna Republic.

    5. Owner Jeffrey Luria—who got in Joe Girardi’s grill because Joe wouldn’t let Luria boss him around from the stands and then ran Girardi to NY where he won a World Series—will get into very public and very ugly tussels over Guillen’s candor and lack of savoir faire. Ozzie will be gone by midway through 2013.

    6. If the Marlins aren’t in contention by August, look for one of the big three they just signed to be traded—for prospects, like they always do—and look for Hanley Ramirez to be traded by the All-Star break if he remains a petulant child.

    7. By the beginning of the 2013 season, all of the new free agents will be gone, and the Marlins will be back in re-building mode.

    Oh, and did I mention that after the first 40 games this season that stadium will NEVER be filled to capacity again?

    Go Indians!

    • heat256 - Dec 8, 2011 at 4:43 PM

      You wouldn’t still be sore about your team losing their last, best chance at a title in 97 would you? Nahhhhhh

      • southbeachtalent - Dec 8, 2011 at 4:48 PM

        No, he is still butt hurt about LeBron. The usual.. depressed, victimized, pathetic Cleveland fan.

        Haters gonna hate…

    • southbeachtalent - Dec 8, 2011 at 4:50 PM

      And you guys show up to every game, every night…. Where has that gotten you? hmmmmm

      • Old Gator - Dec 8, 2011 at 5:32 PM

        Cleveland – a ratty little town with an inferiority complex, and plenty to feel inferior about. Enjoy the brown snow this weenter.

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