The Red Sox and Matt Barnes have agreed to a two-year contract extension, Alex Speier of the Boston Globe reported before the team made it official.
Barnes was originally a free agent after the 2021 season, as the deal will extend him through the 2024 season.
Barnes is having a career season with the club, as the 31-year-old right-hander has a 2.68 ERA while putting up a 2.07 xFIP. The righty has saves in 19 out of his 37 appearances.
The eight-year veteran, who has been with the club his entire career, will be guaranteed $18.75 million.
Barnes will be paid $7.25 million in 2022, $7.5 million in 2023, before a club option year where the Red Sox get to decide if they keep Barnes. If they do decide to keep the righty, he’ll be paid $8 million in 2024.
To go along with the salary, Barnes has a $1.75 million signing bonus, as well as a buyout price of $2.25 million.
Barnes will make his first career All-Star Game appearance Tuesday, as he looks to continue the success he’s had in the first half of the season heading into the second half of the season.