Mookie Betts stole a base for the Dodgers to get 90 feet away from scoring. Here's all you need to know about his huge contract
gave him the second-richest total deal —13 years for $392 million if his original $27-million salary for 2020 is included — in Major League Baseball history. It bested Mike Trout’s record extension of $360 million. The $65-million signing bonus is also the biggest.
But the contract’s details change its effective worth. The MLB players’ union estimated the extension’s present-day value is $306,657,882. Why? Because Betts will receive payments over 24 years, not 12. Betts’ contract includes $115 million in deferred money. Betts will have $8 million deferred from his base salary in each of the extension’s first five years. The deferrals jump to $10 million each of the next two seasons and to $11 million over each of the final five seasons through 2032. Betts will turn 40 that October.
Betts will receive the deferred money in annual installments every July 1 in the 12 years after the deal expires — from 2033 through 2044, when Betts will celebrate his 52nd birthday. If he continues his career trajectory, he’d likely already have been inducted in the Hall of Fame.The deferrals are without interest. If Betts is traded, the future deferrals are voided, and the annual salaries are converted to present-day money. The contract would, as a result, increase in value.
His signing bonus will also be divided. He’ll receive the money every Nov. 1, from 2021 through 2035. He’ll receive $5 million each November during the contract and $5 million in the three years after the deal is over.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mookie Betts gets a chance to live out his childhood dream scenario in NLCS Game 7Mookie Betts points out that, unlike in the yard as a child, he won't get any 'retries' when the Dodgers face the Atlanta Braves in Game 7 of the NLCS.
Read more »
Mookie Betts makes another stunning catch to rob Freddie Freeman in Game 7Globe Life Field was built to host Texas Rangers games, but in this pandemic-addled season, the $1.1 billion stadium has taken on a different meaning as these playoffs go on. Just call it The House Built For Mookie.
Read more »
Mookie Betts gets a chance to live out his childhood dream scenario in NLCS Game 7Mookie Betts points out that, unlike in the yard as a child, he won't get any 'retries' when the Dodgers face the Atlanta Braves in Game 7 of the NLCS.
Read more »
Mookie Betts makes another stunning catch to rob Freddie Freeman in Game 7Globe Life Field was built to host Texas Rangers games, but in this pandemic-addled season, the $1.1 billion stadium has taken on a different meaning as these playoffs go on. Just call it The House Built For Mookie.
Read more »
Fox News Inks Contract Extension With White House Correspondent John RobertsThe deal will keep Roberts as the cable news channel's point person, covering all the activities of the president.
Read more »