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