(CBS) One of baseball’s best players will be playing for $1 million this season.

The Angels and star outfielder Mike Trout agreed to a one-year, $1-million deal, the Los Angeles Times reported Wednesday. It’s the largest pre-arbitration contract in MLB history, according to ESPN.

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The deal enables the Angels to avoid a luxury-tax assessment this offseason and sets the stage for a long-term extension in 2015. Recently, talk of a possible six-year, $150-million extension for Trout was in the news, but the Angels would probably would even like to lock up the 22-year-old phenom for even longer. The proposed six-year deal would’ve allow the Angels to buy out his first three years of free agency and allow Trout to become a free agent at 29, the Times reported.

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Because Trout has fewer than three years of MLB service, he has little leverage in contract negotiations at this point with the Angels.

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Trout has finished second in the AL MVP voting in each of his first two full seasons.