It's for 12 years and, per The Athletic's Ken Rosenthal, worth $365 million. The exact details are, as of yet, unknown.
The Los Angeles Dodgers and star outfielder Mookie Betts have agreed to a 12-year extension, the Major League Baseball franchise announced on Wednesday. Then, a few minutes ago ESPN's Jeff Passan reported that Betts and the Dodgers "are deep into negotiations on a long-term contract".
The 27-year-old outfielder was acquired by the Dodgers from the Boston Red Sox on February 10, along with pitcher David Price for three players. Betts is said to have countered with 12 years and $420 million.
A new Mookie Betts-Dodgers contract, however, would end all of that worry. Both Downs and Wong are members of the 60-man player pool of eligible players for the 2020 season.
Betts was expected to receive a deal worth at least $300 million before the COVID-19 pandemic began. With a rebuild looming and the uncertainty of Betts' impending free agency and the luxury tax implications that would come with re-signing him, the Red Sox made the decision to trade him for 24-year-old outfielder and two well-regarded prospects in shortstop Jeter Downs and catcher Connor Wong.
Last season, Betts hit.295 (176-for-597) with 29 homers and 80 RBI in 150 games while finishing first in the AL amongst right fielders in defensive runs saved (20).
The four-time Gold Glove victor captured the 2018 AL MVP award en route to Boston's World Series title. That, along with the $27 million he will make this season, means he's just under the $400 million mark with LA. Whether that will be torn up or incorporated into the new deal will be revealed soon.