Mookie Betts, Red Sox agree on $20 million salary for 2019

Mookie Betts, Red Sox agree on $20 million salary for 2019

Mookie Betts, Red Sox agree on $20 million salary for 2019

Betts still has one more year of arbitration eligibility before he can become a free agent.

The $20 million total is huge for an arbitration settlement, granting Betts a almost 50 percent raise and setting a big new precedent for similar players in the future.

The three-time All-Star certainly proved his worth in 2018, though, posting a.346 batting average with 32 home runs and 80 RBIs to win the American League MVP award and help Boston capture its ninth World Series title. Josh Donaldson holds the record for highest settlement for an arbitration-eligible player, reeling in $23 million last offseason. Only fourth-time-eligible players who got that extra season as a Super 2 have exceeded $20 million.

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Some creditors have concluded that they can recover more of their investment if the stores and other assets are auctioned off. The hedge fund will also assume $135 million in tax bills for properties that Lampert hopes to acquire as part of his bid.

The settlement came early on a wild Friday morning in which more than 100 eligible players negotiated their contracts.

Furthermore, this development could be notable for the Red Sox in that the team failed to reach an agreement with their superstar outfielder last winter, leading to an arbitration hearing to determine his salary.

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