Betts will not receive all money from Dodgers until 2044. MORE:
will not receive all of his money from his $365 million, 12-year contract with the Los Angeles Dodgers until he is approaching his 52nd birthday in 2044, according to contract details obtained by The Associated Press.
His deal includes $115 million in deferred payments. If he is traded, though, the deferrals would be eliminated and the money would be due in each season the contract covers. He does not have a no-trade provision. The 2018 AL MVP gets his signing bonus in annual installments each Nov. 1 from 2021-35: $5 million each of the first 12 years, $2 million apiece in 2033 and 2034 and a final payment of $1 million. Because Betts is not a California resident, that money will not be subject to state income tax in California, which has a top marginal rate of 12.3%.
His deal calls for $8 million to be deferred each year from 2021-25, $10 million in both 2026 and 2027, and $11 million in each of the last five seasons, The money is payable each July 1 from 2033-44: $8 million for the first five payments, $10 million for the next two and $11 million for the final five.
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