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Why Did MLB Home Run King Mark Trumbo Come so Cheap to Orioles?

Major League Baseball's reigning home run champion has a new contract, and it's not the most expensive contract signed this winter.

Not even close.

Mark Trumbo, he of the league-leading 47 home runs in 2016, agreed to return to the Baltimore Orioles on Thursday. Jeff Passan of Yahoo Sports was first with the details of his new deal:

Source: Mark Trumbo's deal with the Orioles is for three years and around $37M. Slight deferrals lower the present-day value.

— Jeff Passan (@JeffPassan) January 19, 2017

And that's all there is to it.