Mike Trout’s net worth was given a massive boost by the biggest deal in the history of team sports. In April 2019, the baseball star signed a 12-year contract with the Los Angeles Angels worth $426.5 million.
A Los Angeles Affair
Mike Trout’s deal with the Los Angeles Angels beat Canelo Alvarez’s $365 million deal. The deal sees Trout stay with the Angels where he won two American League MVP awards and finished second in voting four times throughout his seven MLB seasons. The contract is worth more than twice the amount ($184 million) Angels owner, arte Moreno paid for the Angels in 2003.
In 2014, Trout signed a one-year extension contract with the Angels for $1 million. The contract would later be converted in a a six-year deal worth $144.5 million. The deal would prove to be a smart move by the Angels as Trout would break several records in the same year.
Trout is considered to be the best baseball player of his generation. At just 27, Trout has become a seven-time All-Star. He hit 39 home runs in 140 games in his previous season. Since his first full season in the MLB in 2012, he has had an average of 34 home runs, 26 steals, and 98 walks. He has hit .310/ .420/ .579.
Nike spotted a golden opportunity to collaborate with the star, making him the first MLB player since Ken Griffey Jr to get his own Nike cleats. He sealed the deal at just 22 years old. At 21, Trout signed a deal with sports drink, BODYARMOR, which earned him cash and an equity stake in the company. In total, Trout makes $27 million annually from his endorsement deals. He has appeared in adverts for the likes of Body Armor, Subway, and Rawlings. Thus far, Trout has made $150 million before taxes and other costs.
The New Jersey Kid
Trout’s rise to the top started at high school in New Jersey. He was the 25th overall selection for the 2009 Major Leage Baseball draft. Trout hit the ground running with the Los Angeles Angels of Anaheim, earning himself the J.G. Taylor Spink Award as the best player in the minors. He led the league in runs scored and stolen bases in his rookie season for the Angels. Trout’s streak continued in his second season as he yet again led the AL in runs.
Trout decided to move from his family home to a 300-acre property in New Jersey. He also has a two bedroom, two bathroom home in New Jersey worth $270,000. The home has a large deck and two sheds for animals.
When he’s not hitting home runs, Trout is committing his time to charitable causes. He partnered with Big Brothers/Big Sisters of Orange County to help children growing up without parents. He also helped raise funds for at-risk youth in inner cities around US. He believes giving back to the community is something he wants to do in his career. Trout has also spent a significant amount of time visiting children in hospitals. Following a fire disaster in New Jersey, Trout showed up to the homes of affected families, offering presents and other items.
Other Athletes’ Net Worth
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Calvin Ebun-Amu is passionate about finance and technology. While studying his bachelor’s degree, he found himself using his spare time to research and write about finance. Calvin is particularly fascinated by economics and risk management. When he’s not writing, he’s reading a book or article on risk and uncertainty by his favourite non-fiction author, Nassim Nicholas Taleb. Calvin has a bachelors degree in law and a post-graduate diploma in business.