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Update: Angels and Mike Trout agree on six-year, $144.5 million contract extension

Mar 28, 2014, 10:21 PM EDT

mike trout getty Getty Images’s Alden Gonzalez is reporting that the Angels and outfielder Mike Trout are close to finalizing a contract extension worth $144.5 million over six years. [Update: The Angels official Twitter confirms the deal. The team will make an announcement on Saturday.]

Trout is currently eligible for arbitration for the first time after the season, so the extension would cover all three arbitration years and the first three years of free agency.

Trout was the runner-up in AL MVP balloting in each of the last two seasons, losing both times to Miguel Cabrera of the Tigers. Cabrera made headlines yesterday when he agreed to a ten-year deal worth $292 million, with eight years and $248 million of it being new.

The average annual value of Trout’s reported extension, in excess of $24 million, doesn’t touch Cabrera’s AAV of $31 million.

  1. tbird05 - Mar 29, 2014 at 11:32 AM

    Smart move on both sides. Trout become the first sub – 25 year old to make average annual of more than 20 mil and the angels get the best all around player in baseball for less than market value. As long as he stays healthy, he will clean up in 6 years. It is easy to assume that the angels got a steal…because they did…but also keep into consideration the natural progression of superstar pay in baseball. First part of their career they are grossly underpaid. If all goes according to plan, their first long-term contract they will be slightly underpaid. The last contract they will be grossly overpaid because executives assume they can still hit 40 bombs when their 42 years old. Seems to me trout got the jump on the angels. His next deal will be in the 40 mil a year range.

  2. phyllisms - Mar 29, 2014 at 12:48 PM

    Really sad that 144 million will be wasted on vanity. Shows the ridiculous level of greed on the business of baseball. I mean ten million a year just isn’t enough for a family to live on in this country! Baseball isn’t fun anymore. A sad day in sports in America.

    • paperlions - Mar 29, 2014 at 12:52 PM

      So much fail and fundamental lack of understanding in such a short post.

  3. yahmule - Mar 29, 2014 at 12:58 PM

    I said all along he wasn’t going to try and set a record for the largest contract.

    • thesportsjudge - Mar 29, 2014 at 1:49 PM

      Oh, hey, sweet, Nostradamus, so what are the winning Powerball numbers for tonight?

    • djpostl - Mar 29, 2014 at 4:44 PM

      You do realize he still can, right? He’ll be 29 and, barring some sort of injury or precipitious fall, in line for the biggest deal ever still.

    • joehahntpt - Mar 29, 2014 at 10:33 PM

      *cough* Yet!

  4. sadkingsfan - Mar 29, 2014 at 3:31 PM

    You can sure tell who the Angels fan are by the comments and the thumbs down. The fact is the Angels got a hell of a deal. No matter how you look at it. With his numbers and age, he could of made more. Given Miggy’s ridiculous contract at his age, Trout could of got similiar given his age, numbers and he has something Miggy doesn’t, defense. Just saying.

    • djpostl - Mar 29, 2014 at 4:46 PM

      True but if anyone thinks it was the Angels who chose the number of years he was given them in FA they’re fooling themselves.

      HE chose to end it where it did so he still gets to be a FA before he hits 30. You can bet your ass the Angels would have loved to get him locekd in for a couple more years, at least.

  5. djpostl - Mar 29, 2014 at 4:43 PM

    “The average annual value of Trout’s reported extension, in excess of $24 million, doesn’t touch Cabrera’s AAV of $31 million.”

    Such a menaningless add-on lol.

    The first three years are his arbitration years, completely changing the way you should look at it.

    His deal is far more impressive than that mind-numbingly bad one the Tigers gave Miggy imo.

  6. stercuilus65 - Mar 29, 2014 at 5:04 PM

    Wow this looks like a very smart deal by the Angels. Especially in light of the decade disaster deal in Detroit. Well played Angels.

    • biasedhomer - Mar 29, 2014 at 6:57 PM

      It kinda offsets the horrible Pujols and Hamilton deals that the Angels gave out.

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