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Right-hander Luis Severino and the New York Mets are finalizing a one-year, $13 million contract, sources familiar with the deal told ESPN's Jeff Passan on Wednesday.
Severino, 29, will join the Mets and a rotation in significant need of help after spending his eight-year career with the New York Yankees.
He struggled this season with a 6.65 ERA, but posted a 3.39 ERA in 638 innings over his previous seven seasons. If Severino thrives, he'll hit free agency again next year, and he can earn up to $2 million in performance bonuses from the Mets.