Mike Trout renewed for $510K …

Here’s a statement passed along from Mike Trout‘s agent, Craig Landis, after they renewed Trout’s contract for $510,000. As a primer, players with 0 to 3 years of service time either “agree” on a contract or, if they don’t, get renewed …

The Angels “renewed” Mike Trout’s contract today.  The $510,000 salary was not the result of a negotiated compromise between Mike and the Angels.  Because Mike has less than 3 years of Major League service and has not yet reached salary arbitration eligibility, the Angels have the right under the CBA to unilaterally impose a salary upon Mike, and they chose to do that today.

During the process, on behalf of Mike, I asked only that the Angels compensate Mike fairly for his historic 2012 season, given his service time.  In my opinion, this contract falls well short of a “fair” contract and I have voiced this to the Angels throughout the process.  Nonetheless, the renewal of Mike’s contract will put an end of this discussion.

Mike, himself, does not wish to comment on this matter.  As when he learned he would not be the team’s primary center fielder for the upcoming season, Mike will put the disappointment behind him and focus on helping the Angels reach their goal of winning the 2013 World Series.

Alden

4 Comments

“…I asked only that the Angels compensate Mike fairly for his historic 2012 season, given his service time.”

I think Landis wins a key point in the difference of opinions. Trout’s value to the team is considerably more than just his athletic performance in 2012. Looking at the business side of baseball, Trout has done everything you could ask for in a high-profile face for the Angels brand.

The Angels have reaped (and will continue to collect) considerable financial gain and market share thanks to Trout’s historic rookie season. I believe Alden, you’ve reported this year there are more Trout promotional giveaways planned than all other players combined. Not to mention the ongoing media attention. In less than one year, I would venture to say the 21-year old has landed more magazine covers and/or media headlines than the entire team has in several seasons. (I leave it to someone else to tally those numbers.)

It seems Landis is saying the definition of what is “fair” compensation should be framed in the context of a real-world business portfolio; and his client’s market value should be considered in addition to his performance value.

It’s a bit surprising that a young mind such as DiPoto is falling back on such an old-school, and disingenuous, excuse as his hands being tied by the rules of precedent. This was not a good way to wrap up a business negotiation, which if done properly leaves all parties feeling as though they left the bargaining table with something more than they gave away.

At any rate, I wish the Landis and Trout all the best. Play ball!

I hope that the Angels will give him a hefty raise the next time his contract is renewed ,and that Mike doesn’t hold any grudges.

The Angels control mike until free agency. Artie didn’t have to give Mike anything, so his agent needs to stfu

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