Trout is making closer to $20MM if you look at how the yearly salaries break down for 2017. His deal also bought out a couple of arbitration years.
And Anibal Sanchez makes $16MM. James Shields is banking $21MM. Sabathia $25MM.
$12MM/yr ranks about 40th richest salary for pitchers in 2017. Not a great investment, but not a payroll killing move either. Especially since it's only 1 year.
The Braves were probably hoping Colon could hold up for one more year, eat 175 innings and buy their young pitching another year of development without being thrown to the wolves. Maybe also hoping for a fat guy HR. That would make it worth every penny.

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