Although this figure isn't particularly surprising considering Donaldson's abilities, it marks the largest arbitration agreement in the history of the league.
Donaldson, the 2015 AL MVP, got a $6 million raise after rebounding from an injury-slowed 2016 to hit.270 last season with 33 homers and 78 RBIs in 113 games.
As you would expect, many players avoided arbitration before the deadline by agreeing to contracts for the upcoming season.
The Jays now have three regulars earning $20 million or more in 2018 with Donaldson joining Troy Tulowitzki ($20m) and Russel Martin ($20m).
The 32-year-old, a three-time All-Star, topped the $21,625,000, one-year deal covering 2018 agreed to last May by outfielder Bryce Harper and Washington.
This was the final year of arbitration eligibility for Donaldson, who made $17 million last year. He should, however, remain a top of trade talks as the season progresses.
Toronto Blue Jays' Ezequiel Carrera scores on a sacrifice fly by Josh Donaldson as New York Yankees catcher Gary Sanchez (24) applies the late tag during the eighth inning of a baseball game Saturday, Sept.30, 2017, at Yankee Stadium in New York.
"The fact of the matter is, I really enjoy where I am at right now", Donaldson said on the Hot Stove program Friday.
With Sanchez and Travis now settled, the only players that the Blue Jays haven't settled with on a deal to avoid arbitration are closer Roberto Osuna, center fielder Kevin Pillar, reliever Dominic Leone, and Marcus Stroman.