The Los Angeles Angels signed outfielder Mike Trout to a one-year, $1 million contract on Wednesday and hope to reach agreement on a long-term deal by the end of the spring, the Los Angeles Times reported Wednesday.

According to the report, a proposed extension would be for approximately six years and $150 million. With Trout under contract for the 2014 season, the Angels would be able to sign him to a new long-term contract and not have it count against their luxury tax until 2015.

Trout finished as the runner-up in the American League Most Valuable Player voting each of his first two seasons. Last year, the Angels renewed his salary at $510,000 -- just $20,000 over the league minimum. Because the 22-year-old has fewer than three years of major league service, he is not eligible for salary arbitration until 2015.

In 157 games last season, Trout batted .323 with 27 home runs and 97 RBIs. Trout's numbers were even better in his first full season in 2012 when he hit .326 with 30 homers and 129 RBIs.