- Associated Press - Saturday, March 29, 2014

ANAHEIM, Calif. (AP) - Mike Trout gave a big wave when he bounded onto the stage at the Los Angeles Angels’ fan fiesta Saturday, a plaid dress shirt tucked underneath his red No. 27 jersey. The crowd responded with wild cheers and “M-V-P!” chants for the best young player in baseball.

Trout is beloved at the Big A, and now he can stay under that comfortable halo for at least another seven years.

The 22-year-old center fielder formalized his new six-year, $144.5 million deal shortly before the Angels’ final exhibition game, committing to the club through 2020.

“I love it here,” said Trout, who makes $1 million this season. “I think it’s the best opportunity for me to be here, and over the next seven years, it’s going to be a big jump in my life.”

Trout had no problem giving up a few years of free-agent freedom in exchange for lifelong financial security and a chance to keep playing in sunny Orange County for a wealthy franchise capable of winning World Series. He praised Angels owner Arte Moreno for giving the club every chance to succeed despite its current four-year absence from the postseason.

Trout gets $2 million of his $5 million signing bonus within 30 days of the contract’s approval, and the rest by Oct. 15. His salaries are $5.25 million in 2015, $15.25 million in 2016, $19.25 million in 2017 and $33.25 million in each of the final three seasons.

“When the owner comes out and puts up these big numbers, like $33 million, it’s hard to turn down,” Trout said. “For security as well, obviously, you never know what could happen. You could get hurt during the season. You never know.”

He also receives a full-no trade provision, and the right to a luxury suite at Angel Stadium for 20 games per year starting in 2015.

Trout is the first player with less than three years of service time to sign a deal worth more than $20 million annually, but nothing about Trout has much precedent.

The two-time AL All-Star finished second to Detroit’s Miguel Cabrera in the MVP voting in each of the past two seasons while putting up astronomical offensive numbers and playing above-average defense. He is batting .314 with 62 homers and 196 RBIs in just 336 career games.

The Angels’ nine-figure commitment definitely didn’t scare Moreno, who would have liked to lock up Trout for even more years.

“Let’s put it this way: We definitely didn’t want to go shorter, and we would have liked to have gone longer, so we sort of compromised here,” Moreno said.

Moreno acknowledges he could have gone to arbitration with Trout for the next three years to limit the Angels’ financial exposure, but he wasn’t interested. After doling out lavish free-agent deals to Albert Pujols and Josh Hamilton, Moreno was grateful to reward the Angels’ homegrown talent.

“I would like to tell you that there was some map to go by, but we really were in uncharted waters,” Moreno said. “What we want to do is make a fair deal. We had all their proposals, and they had all of ours, and when we sat down, we were really very close at the end. Both of us kept inching toward the middle.”

Trout’s salary decision could have a trickle-down impact in future seasons in arbitration on up-and-coming stars like Washington’s Stephen Strasburg and Bryce Harper or the Mets’ Matt Harvey.

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