Mike Trout agrees to $430M extension with Angels: Winners and losers from the largest contract in baseball history

For the second time in three weeks, a new record for the largest contract in baseball history has been set. The Los Angeles Angels and superstar Mike Trout are reportedly finalizing a massive 12-year, $430 million extension that will presumably keep him in Anaheim the rest of his career. It is 10 years and $363.5 million on top of the two years remaining on his current contract.

Here are the six largest contracts in baseball history:

Four of the six have been signed within the last month or so. Free agency is still a mess overall -- a league average innings guy like Gio Gonzalez shouldn't have to settle for a minor league contract -- but the very best players are getting theirs and moving the top end of the market forward. That's a good thing.

A contract of this magnitude has a lot of ramifications and impacts a lot of people around baseball. Let's break down the winners and losers from Trout's new contract, shall we?

Winners

Mike Trout: When you sign a $430 million contract, you are automatically a winner. Trout gets to stay with the only team he's ever known and that is pretty cool, and also pretty rare historically. He has a chance to go down as the greatest player ever to spend his entire career with one team. Harper held the record for largest contract for roughly three weeks. Trout's record figures to stand quite a bit longer.

The Angels: Trout is already a surefire Hall of Famer and the face of the franchise, and now they know he will likely retire in their uniform. He was two years away from free agency and the "will he leave?" question was going to loom over them every day until then, which also created a "will they trade him?" question. Now they don't have to worry about it. They know Trout is locked up and they can build around him going forward. Could you imagine what would've happened to the Angels franchise had Trout left as a free agent in two years? Oy vey. 

Also, I'd argue the Trout's deal is a bargain. He is only 27 and has several peak years remaining, and will provide enormous off-the-field marketing value. Getting him at $35 million or so per year is a steal. The Angels keep Trout at a bargain rate, and because his contract includes no opt-out clauses, he can help lure other free agents to Anaheim and sell them on the idea that he's not going anywhere, and have it be believable. That's huge.

Angels fans: Congrats, Angels fans, you get to watch one of the best players in baseball history spend his entire career playing for your team. If that doesn't excite you, nothing will.

Mookie Betts: With Trout off the market, Betts is now the clear-cut No. 1 free agent set to hit the market in two seasons. The reigning AL MVP and Red Sox superstar may very well sign a massive contract extension of his own before then (he's set to be a free agent after the 2020 season), and the Trout contract does set a road map to a deal. Trout money is probably ambitious -- Betts has had one Trout-like season whereas Trout has had seven Trout-like seasons -- but hey, it gives Mookie and his agent a starting point for contract talks. Point is, Betts now stands alone as the next superstar free agent, which gives him incredible leverage.

Losers

Bryce Harper: Harper did not wait long to start trying to lure Trout to the Phillies. He mentioned "a guy in about two years who comes off the books" during his introductory press conference, then not-so-subtly declared his intentions to recruit Trout to Philadelphia during a recent radio interview.

Bryce Harper: "If you don't think I'm gonna call Mike Trout to come to Philly in 2020, you're crazy."