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Major League Baseball

12 Years and $430 Million: A Look at Mike Trout’s Reported Deal With the Angels

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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March 19, 2019, 12:13 PM ET
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Mike Trout could be about to land the biggest deal any professional athlete has ever signed.

The Los Angeles Angels center fielder and MVP is reportedly finalizing a 12-year, $430 million deal with the team, all but ensuring he would finish out his career as an Angel, according to a report on ESPN.

The deal far surpasses the previous sports contract record, which is held by boxer Canelo Alvarez and is valued at $365 million. And it blows the 13-year, $300 million deal Bryce Harper signed with the Phillies earlier this month out of the water. Ditto Manny Machado’s $300 million deal with the Padres.

The tax bite on a deal that big is downright bonkers, though. If Trout was a California resident, noted CPA Robert Raiola on Twitter, he would pocket less than half of the contract’s amount, netting $214 million once he had paid his state and federal income taxes. (Trout’s believed to be a New Jersey state resident, though, which could lower the tax bill. The Garden State caps out at 8.97% versus California’s 13.3%.)

Trout, aged 27, has played professional baseball for seven years and has won two American League Most Valuable Player awards while with the Angels and is a seven-time All Star. He was set to become a free agent during the 2020 season and teams were reportedly already wooing him.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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