The $20 million sets a new standard for players with four or more years of service, and it nearly doubles the salary for Betts, who was awarded $10.5 million in 2017 after the Red Sox had countered with a $7.5 million offer.
The 26-year-old was a major part of the Red Sox's success last season, which culminated in the team winning the World Series. That was a bargain for Boston, as Betts led all of baseball with a.346 batting average to go with his 32 homers, 80 RBIs and 129 runs scored (tied for the most in baseball). Josh Donaldson holds the record for highest settlement for an arbitration-eligible player, reeling in $23 million last offseason.
Wright is the third Red Sox player to avoid arbitration by agreeing to a new deal, joining relievers Tyler Thornburg and Heath Hembree. The deadline to reach an agreement is Friday, and if sides can't come to an agreement by then they will proceed to an arbitration hearing.