Barnes guaranteed $18.75M by Red Sox for 2022-23

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All-Star closer Matt Barnes is guaranteed $18.75 million as part of his new contract with the Boston Red Sox covering 2022 and 2023.

Barnes has a $4.5 million salary this season and would have been eligible for free agency after the World Series.

He gets a $1.75 million signing bonus, payable this July 31, as part of the deal announced Sunday, and salaries of $7.25 million next season and $7.5 million in 2023. The Red Sox have an $8 million option for 2024 with a $2.25 million buyout.

His 2024 salary could increase to $9 million based on games finished in 2022 and 2023: $250,000 each for 40, 45, 50 and 55.

In addition, if he is traded before the fifth day after the 2023 World Series, the option price would increase by $1 million and the buyout by $500,000.

Barnes will contribute 1% of his earnings each year to the Red Sox Foundation or continue to host an annual charity event with the foundation.

The 31-year-old is 4-2 with a 2.68 ERA and has 19 saves in 23 chances this season. He is a first-time All-Star, among five Boston players picked for Tuesday’s game.

Barnes has spent his entire career with Boston, which selected him No. 19 overall in the 2011 amateur draft from UConn.

Barnes guaranteed $18.75M by Red Sox for 2022-23 originally appeared on NBCSports.com