Hamilton's contract valued at $123 million by MLB

NEW YORK (AP) - Josh Hamilton's contract with the Los Angeles Angels has been valued at $123 million by Major League Baseball because $2 million is being paid to the outfielder's foundation by the team and not to the player.

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.