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Josh Hamilton's deal valued at $123M

Updated: December 18, 2012, 2:01 PM ET
Associated Press

NEW YORK -- The Los Angeles Angels will pay $2 million directly to Josh Hamilton's charitable foundation under his $125 million contract,

Under the five-year deal completed Saturday, the All-Star outfielder receives a $10 million signing bonus and salaries of $15 million in each of the next two seasons, $23 million in 2015 and $30 million apiece in 2016 and 2017.

On each June 1 of the contract, the Angels will donate $400,000 to The Four Twelve Foundation, Hamilton's charity.

After ...

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