The Boston Red Sox traded Mookie Betts to the Los Angeles Dodgers with a historic extension looming in the near future. The Dodgers happily signed Betts, one of the best players in baseball, to that deal.
It’s looking good for L.A. in the short term, with Betts batting leadoff and getting the Dodgers to the 2020 World Series against the Tampa Bay Rays. The COVID-19 pandemic has shifted contract math a bit, but assuming inflation continues in baseball contracts, it’s likely Betts’ deal won’t look that bad even as he ages, either.
For a team with the deep pockets of the Dodgers, acquiring and extending Betts to star in Hollywood for the next decade-plus was a no-brainer, no matter the cost. Here’s a breakdown of just how much it cost L.A.’s ownership group to lock Betts in long-term.
Mookie Betts contract details
Betts signed his 12-year extension with the Dodgers after they acquired him from the Red Sox. The extension begins being paid in 2021, after Betts’ final year of salary arbitration in 2020. Betts was due to earn $27 million in base salary in 2020 in a normal-length season. That adjusted to an even $10 million in the pandemic-shortened campaign.
The Dodgers and Betts spread his $65 million signing bonus evenly across this season and the next 12 years of the extension for payroll purposes, with a $5 million bonus being charged against the Dodgers’ salary total each year. Otherwise, his base salary mostly escalates, with a $17 million base salary in 2020-21 before it rises to $20 million, $25 million, and $30 million in years to follow before dropping back to $27.5 million in the final two years of the deal.
If Betts makes it through the length of his contract with the Dodgers, he’ll be a free agent in 2033 at 40 years old.
Mookie Betts career earnings by year
Note: 2021 and beyond are what Betts is projected to earn based on his current contract.
Mookie Betts net worth
Betts earned $33 million in his time with the Red Sox, and he’s making another $27 million this year. The website Celebrity Net Worth factors in most of that to its current estimate of Betts’ net worth as $50 million.
However, that number is likely to soar in the coming years as Betts takes in his $65 million signing bonus and another $300 million in base salary. For comparison’s sake, Alex Rodriguez signed two of the richest contracts in baseball history and has gotten involved in investing during retirement. His net worth is listed as $350 million. Betts should certainly see his net worth move into nine-digit territory even if he does nothing but play ball for the next decade-plus.
That doesn’t account for the endorsement potential of Betts in Hollywood. He hasn’t gotten heavily involved in endorsements yet, with a multi-year deal with Axe Bats being the notable agreement thus far.
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