Former Red Sox star Mookie Betts and the Los Angeles Dodgers are in agreement on a 12-year, $365 million contract extension, according to ESPN’s Jeff Passan.
Per Passan, because Betts is under contract for $27 million ($10 million in prorated salary) this season, the total value of his extension with Los Angeles is $392 million over the next 13 years. Also from Passan:
And from the Dodgers, it’s now official:
Prior to being dealt to Los Angeles in February, Betts and the Red Sox were reportedly $120 million apart in extension talks, as Boston had offered the 27-year-old $300 million over 10 years and Betts countered with $420 million over 12 years, according to WEEI’s Lou Merloni.
The two sides obviously could not reach a compromise though, as the 2018 American League MVP was eventually traded to the Dodgers with left-hander David Price in exchange for outfielder Alex Verdugo and prospects Jeter Downs and Connor Wong.
As his tenure with the Red Sox was winding down, it appeared as though Betts was set on becoming a free agent this winter. But, due to the financial insecurities across baseball that have stemmed as a result of the ongoing COVID-19 pandemic, perhaps the Tennessee native had a change in heart and decided to take the money when he could.
With this record-setting extension, Betts will be under contract through the end of the 2032 season. By then, the former fifth-round pick will be 39 years old.
This news also marks the end of any speculation that Betts could re-sign with the Red Sox as a free agent this winter, as had been the hope among fans when the four-time All-Star was traded away.
If Betts continues to be as productive as he has since making his first Opening Day roster in 2015, he’ll likely be on a Hall of Fame trajectory. In other words, he’ll eventually be donning a Dodgers cap on his plaque in Cooperstown.
Even after five months, it’s still somewhat mind-boggling that the Red Sox would trade a player of Betts’ caliber. Without taking the financial aspects into consideration, which are important, Betts is just about everything you would want in a professional baseball player. From being a once-undervalued homegrown talent to an MVP and perennial All-Star. he was the perfect face of the franchise for Boston. It’s just too bad John Henry and Co. didn’t value that as much as the Dodgers clearly do.