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Breaking down Josh Hamilton’s five-year, $125M contract

Dec 15, 2012, 8:24 PM EDT

josh hamilton getty Getty Images

Alden Gonzalez of MLB.com has the full season-to-season financial breakdown of Josh Hamilton‘s new five-year, $125 million agreement with the Angels:

2013: $15 million
2014: $15 million
2015: $23 million
2016: $30 million
2017: $30 million

The deal also includes a $10 million signing bonus, access to a luxury suite and a full no-trade clause. The remaining $2 million will be given to a charity.

It’s a pretty back-loaded contract, much like the 10-year, $240 million pact signed last offseason with Albert Pujols.

As our own D.J. Short notes on Twitter, the Angels will be paying Pujols and Hamilton a combined $55 million in 2016 and $56 million in 2017. And they’ll both be in their mid-to-late 30s at that point.

  1. Old Gator - Dec 15, 2012 at 8:35 PM

    “The remaining two million will be given to charity.”

    A drug rehab center of some kind, one hopes.

    • historiophiliac - Dec 15, 2012 at 8:44 PM

      He founded Triple Play ministries which spreads the Gospel through sports. I would assume it would go there.

      • brokea$$lovesmesomeme - Dec 16, 2012 at 9:48 AM

        How about a ministry to stop smoking crack and having his way with hookers?

      • historiophiliac - Dec 16, 2012 at 10:23 AM

        You make him look classy with your comment, Mr. A$$…and yourself, not.

  2. chill1184 - Dec 15, 2012 at 8:39 PM

    Hopefully for the Angels sake they win at least 1 WS before Hamilton and Pujols contracts become albatrosses.

  3. sidelineshot - Dec 15, 2012 at 8:56 PM

    Whatever.

  4. beefytrout - Dec 15, 2012 at 9:27 PM

    could someone explain why the years would be structured this way?

    • churchoftheperpetuallyoutraged - Dec 15, 2012 at 10:15 PM

      Because, due to inflation and the time value of money, $30M now is worth more than $30M down the road.

  5. foolmaker - Dec 15, 2012 at 9:33 PM

    …”access to a luxury suite”

    I wonder how that was discussed during the negotiations. I’ve always thought it would be fun to randomly demand a car or vacation or something right before signing the papers.

    • seattletony - Dec 15, 2012 at 10:06 PM

      I seem to remember a clause in Matt Holliday’s contract which stipulated a hotel suite when the team traveled. That makes me envision other players sharing rooms and the invitation-to-spring-training-players-that-made-the-opening-day-roster sleeping on the floors of more established player’s rooms.

      • churchoftheperpetuallyoutraged - Dec 15, 2012 at 11:37 PM

        That makes me envision other players sharing rooms and the invitation-to-spring-training-players-that-made-the-opening-day-roster sleeping on the floors of more established player’s rooms.

        If you haven’t, read Dirk Hayhurst’s two books, The Bullpen Gospels and Out of my League as he discusses that stuff, with some humor.

        http://www.amazon.com/s?ie=UTF8&field-keywords=dirk%20hayhurst&index=blended

  6. westtribetobe - Dec 15, 2012 at 9:37 PM

    @beefytrout gotta get rid of vernon wells’ contract first..

  7. ha5ko - Dec 15, 2012 at 10:02 PM

    they better win quick, Pujols is pushin 40. Oh that signing last year must have been a mistake, cause here you are again trying to buy the championship Pujols couldn’t bring ya. Even worse Trout was outta this world and fat Albert could not help the kid out, should have stayed in St Louis, where those fans would stand behind you and your decline. Too loyal, but cute , those Cardinal fans.

    have fun chasing the world series, keep throwing money at it

    • churchoftheperpetuallyoutraged - Dec 16, 2012 at 12:21 AM

      If by pushing 40 you mean he’s 32 and will be 33 in a month, then guess I’ll be pushing 40 in a year too. And shit my wife isn’t going to like hearing that in a few months as well.

      fat Albert could not help the kid out

      .285/.343/.516 for a 141 OPS+, higher than every person on the Cardinals roster. But yeah keep pretending like he wasn’t good last year.

      • Old Phaithful - Dec 16, 2012 at 2:05 AM

        I’m no stat head, but is that a good line? Really. He’s making what?

  8. buffalo24 - Dec 15, 2012 at 10:24 PM

    The extra 2 Million $$ will go to fans who no longer can afford to buy tickets. That’s if the Angels don’t spend it on a pitcher first.

  9. Carl Hancock - Dec 15, 2012 at 10:36 PM

    Those huge backloaded contracts are going to set them up to be booed when they start declining and are making the most money and not performing at a high level. Better to pay for current performance rather than past performance.

  10. jjpileggi - Dec 15, 2012 at 11:05 PM

    HEADLINE OF 2016:

    “Angels have made it clear they are willing to eat substantial portion of monies owed to Pujols and Hamilton in exchange for a non-elite prospect for each”.

    John Pileggi

  11. jessethegreat - Dec 16, 2012 at 1:55 AM

    So, you’re saying not only is he one of the game’s most over rated players, but now he’s one of the games most over-paid players as well?

    I’m glad my Yankees are trying to be financially responsible now. It sucks when your players start to get up there in age and start to slow down while still making millions from ownerships desire to buy championships. Now Girardi (if he’s the manager down the road still) wont have to worry about hurting his feelings by benching him….. Cough… Arod.

    A depressed underperforming Hamilton in 2 years will not be a player you want on the payroll!

  12. floriohatesthebengals - Dec 16, 2012 at 8:02 AM

    30 mil a year? what an f’n joke

  13. Detroit Michael - Dec 16, 2012 at 8:14 AM

    Why does Hamilton want a luxury suite? Is he planning to spend THAT much time on the disabled list? Is he planning to get booed so much that he doesn’t want his family seated in the family section with the other players’ families? Does he have 15 friends per game that he wants to entertain in style even though he hasn’t lived in Anaheim? Why negotiate for the luxury suite as opposed to more cash or another perq of equivalent value?

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