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Angels Sign Trout to One-Year Deal as Extension Talks Continue

Feb. 26 (Bloomberg) -- The Los Angeles Angels signed All-Star outfielder Mike Trout to a one-year contract, avoiding a possible luxury-tax fee as they work toward a long-term extension.

Angels spokesman Tim Mead declined in an e-mail to comment on the financial terms of the agreement. The deal is worth $1 million, the Los Angeles Times reported without saying where it got the information.

The Angels can pay Trout, 22, whatever they like this year provided it is above the $500,000 minimum salary because he has fewer than three years of Major League Baseball service, according to the newspaper. A runner-up for American League Most Valuable Player in each of his two full seasons in Los Angeles, Trout made $510,000 last season.

The Angels and Trout are working on a long-term extension that will begin in 2015, according to the newspaper. Setting Trout’s 2014 salary at $1 million allows the team to avoid having the extension -- which the newspaper said might be in the six-year, $150 million range -- count toward their payroll this season.

MLB teams pay luxury taxes as high as 50 percent of any amount over the $189 million threshold. The team’s payroll is at $147.7 million right now, according to Spotrac.com, a sports franchise salary website.

Trout hit .323 last season, with 27 home runs, 109 runs scored and 97 runs batted in. He also stole 33 bases and led the American League with 110 walks.

To contact the reporter on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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