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.
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.
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.
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