2012 32 Los Angeles Angels of Anaheim $12,000,000 11.000 contracts
2013 33 Los Angeles Angels of Anaheim $16,000,000 12.000 contracts
2014 34 Los Angeles Angels of Anaheim $23,000,000 13.000 contracts
2015 35 Los Angeles Angels of Anaheim $24,000,000 14.000 contracts
2016 36 Los Angeles Angels $25,000,000 15.000
2017 37 Los Angeles Angels $26,000,000 16.000 contracts
2018 38 Los Angeles Angels $27,000,000 17.000
2019 39 Los Angeles Angels $28,000,000
2020 40 Los Angeles Angels $29,000,000
2021 41 Los Angeles Angels $30,000,000
10-year, $10M personal-services contract begins once player contract expires
......
This according to Baseball Reference is Albert Pujols contract.
I remember knowing this was an awful contract when it was signed. In 2017, Pujols had a -1.4 WAR season. He's roughly on track for a similar offensive profile this year.
My question is how does a team convince themselves to do this? The Angels finished 10 games out the year before acquiring him. They finished five games out and third in their division the year after.
My assumption is that they backloaded this deal because of payroll concerns. No one seems to love to frontload as far better I guess in the short term to get all the benefit with none of the cost and you'll think about the bill later.
But for a team considering this kind of acquisition, how can you not backload it. I think I would never sign such a player unless I was in a position to backload.
If you reversed this deal and the Angels were paying him 23m, 16m, and 12m over the next three years, that would still be real bad, but so much better. Now you've got this huge money suck that you could be using to build a better team around Mike Trout.
I know the reason front offices might like backloading, but I guess my question is whether player disfavor front loading also. Do they dislike making less money each season? The time value of money suggests you should want your money as soon as possible.