Mookie Betts is an American professional baseball player with an impressive net worth of $70 million. He made his Major League Baseball debut in 2015, playing for the Boston Red Sox before joining the Los Angeles Dodgers.
In July 2020, Betts signed a historic 12-year contract worth $390 million, which was, at the time, the second-largest in MLB history.
This deal included a $65 million signing bonus and an average annual salary of $32 million.
By the time the contract concludes in 2034, Betts is projected to have earned $420 million in salary alone, solidifying his legacy as one of baseball’s highest-paid athletes.
Contract Earnings
In 2017, Mookie Betts signed a one-year contract with the Boston Red Sox worth $750,000. His salary significantly increased in 2018 when he signed a one-year, $10.5 million deal with the team.
The following year, in 2019, Betts secured another major pay raise by signing a one-year, $20 million contract to remain with the Red Sox.
After his time in Boston, Betts moved to the Los Angeles Dodgers, where he signed a two-year, $60 million contract before agreeing to his historic 12-year, $390 million deal with the Dodgers in 2020.
On July 22, 2020, with one year remaining on his two-year deal with the Los Angeles Dodgers, Mookie Betts signed a massive 12-year contract extension worth $390 million.
This historic deal included a $65 million signing bonus. When factoring in the $27 million he was still owed from his previous contract, the total value of his deal with the Dodgers approaches $420 million.
Under this contract, Betts earns approximately $3 million every 16 games. Remarkably, when adjusted for inflation, this is more than what Jackie Robinson, a fellow Dodgers legend, earned throughout his entire career.
Betts has reportedly maintained his residence in Tennessee, a state that does not impose income taxes.
By keeping his primary residence there, he could save over $40 million in state taxes over the lifetime of his contract. This financial decision adds to the overall benefit of his already lucrative deal.
Real Estate Properties
In November 2020, Mookie Betts purchased a home in Encino, California, for $7.6 million. The sellers were football coach Chip Kelly and his wife, Jill Cohen, who had bought the property for $7 million two years earlier.
In February 2023, Mookie listed the home for sale at $10 million, but after some time on the market, he reduced the asking price to $8.5 million in October 2023.
Then, in December 2023, Betts made another significant real estate investment by purchasing a new property in Encino for $15 million.
