TORONTO -- AL MVP Josh Donaldson and the Toronto Blue Jays have completed their agreement on a $28.65 million, two-year contract.
Donaldson receives $11.65 million this year and $17 million in 2017 under the deal announced Wednesday.
Toronto and Donaldson had been scheduled for a salary arbitration hearing next week. The 30-year-old third baseman had asked for a raise from $4.3 million to $11.8 million and Toronto had offered $11.35 million when the sides exchanged proposed arbitration salaries last month.
Acquired from Oakland in November 2014, Donaldson made the AL All-Star team for the second straight season in 2015. He led the majors with 122 runs, topped the AL with 123 RBIs, and hit .297 with 41 home runs to help the Blue Jays reach the playoffs for the first time since winning consecutive World Series in 1992 and `93.
He is eligible for free agency after the 2018 World Series.