TSN TV Schedule TSN2 TV Schedule
MLB

Angels to pay $2M to Hamilton's foundation as part of deal

{eot}
Associated Press
12/18/2012 11:20:43 AM
Decrease Text SizeIncrease Text Size
Text Size

NEW YORK -- The Los Angeles Angels will pay $2 million directly to Josh Hamilton's charitable foundation under his $125 million contract,

Under the five-year deal completed Saturday, the All-Star outfielder receives a $10 million signing bonus and salaries of $15 million in each of the next two seasons, $23 million in 2015 and $30 million apiece in 2016 and 2017.

On each June 1 of the contract, the Angels will donate $400,000 to The Four Twelve Foundation, Hamilton's charity.

After initially saying the $2 million would not count in its regular payroll calculations, MLB concluded Tuesday the money will be included as noncash compensation in its opening-day payrolls. The money also is included in the Angels' luxury tax payroll.

As part of the deal, the team is giving Hamilton a suite between first and third base to be used by his family for home games during the next two seasons. For the final three years of the deal, Hamilton can purchase a suite between first and third base at a cost of $150,000 annually.

Hamilton also gets a hotel suite on road trips.

He would receive a $50,000 if he's an All-Star, $75,000 if he wins a Gold Glove, $75,000 if he wins a Silver Slugger, $75,000 if he's the league championship series MVP and $100,000 if he's the World Series MVP.

Hamilton gets $500,000 if he's voted AL MVP and $75,000 if he finishes second or third.

Josh Hamilton (Photo: The Canadian Press)

zoom

(Photo: The Canadian Press)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story



Canadians in MLB

Canadians in the Majors

Take a look at the early-season results from all of Canada's Major League representatives. More...

The Boys of Summer

MLB Preview 2014

It's time for another season of Major League Baseball. Get primed for 2014 with previews for all 30 teams including Scott MacArthur's look at what to expect from the Toronto Blue Jays.


American League: East | Central | West
National League: East | Central | West
Toronto Blue Jays

Free Agency: American League | National League

Podcasts

TSN 1050: Mike Richards in the Morning: April 21 - Dirk Hayhurst

TSN 1050 Blue Jays Analyst Dirk Hayhurst joined Mike Richards in the Morning to talk about the Toronto Blue Jays' play lately.

TSN 1050: The Bryan Hayes Show: April 18 - Scott MacArthur

TSN 1050 Blue Jays Reporter Scott MacArthur discussed the embarrassing loss that the Blue Jays experienced against the Twins.

TSN 690 - Melnick in the Afternoon - Orlando Cabrera - April 10th

Mitch, Rod and Gallo welcome former Montreal Expo shortstop and 2004 World Series Champion Orlando Cabrera to the show.


More Podcasts

© 2014
All rights reserved.
Bell Media Television