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February
20th
2004
Out of the Frying Pan
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Phat Albert

by Jessica Polko

St. Louis signed Albert Pujols to a seven-year, $100M contract, which includes a $5M buyout on a $16M option for 2011. Pujols reportedly is scheduled to earn a salary of $7M in 2004, $11M in 2005, $14M in 2006, $15M in 2007, $16M in 2008, $16M in 2009, and $16M in 2010. The Cardinals will defer $3M of his salary in each of the final four seasons before the option year with $1.2M payments scheduled each season from 2020-2029. If the option is picked up, St. Louis can defer $3M from that as well, increasing the scheduled payments to $1.5M. Prior to completing this trade, the two sides were scheduled for an arbitration hearing with Pujols formally requesting $10.5M and St. Louis offering $7M.

Pujols possesses full no-trade rights through the first three seasons of the contract. In the remaining years of the deal, he must specify 10 teams to which he's willing to be traded.

Click here to read the previous article.

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