Report: Mookie Betts Agrees to 12-Year, $365 Million Contract Extension with Los Angeles Dodgers

Right fielder Mookie Betts has agreed to a 12-year, $365 million contract extension with the Los Angeles Dodgers, according to ESPN’s Jeff Passan. The length of the contract was confirmed by the Dodgers.

Betts, a four-time All-Star, was slated to be eligible for free agency for the first time this upcoming offseason, and his expected cost on the open market was one of the main reasons the Red Sox traded him to the Dodgers in February. Pitcher David Price, who has decided to opt out of the 2020 season, was also included in the deal. 

The long-term contract is the second-largest deal in MLB history and breaks Mike Trout's extension record of $360 million. Including his current one-year, $27 million contract, Betts's new deal adds up to a total of 13 years and $392 million with the Dodgers. In addition to a record $65 million signing bonus, the extension will keep Betts with the organization through the 2032 season—though deferrals are expected, per Passan. 

Betts spent six years with the Red Sox, during which time he won the 2017 World Series and American League MVP Award during the 2018 season. 

During the 2019 season, Betts hit 29 home runs with a .295 batting average and led MLB in runs scored (135). The Red Sox finished third in the AL East with an 84-78 record, and fell short of the postseason for the first time since 2015—Betts's second season.

The Los Angeles Dodgers open their season on Thursday, July 23 at home against the San Francisco Giants at 10:08 p.m. EST.