Replacement Level Yankees Weblog · Feb 15, 2019
MLB: Source: Severino, Yanks reach 4-year deal
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TAMPA, Fla.—The Yankees believe that Luis Severino will continue to stand tall among the sport’s young aces for years to come, and they rewarded that promise by agreeing to a four-year, $40 million contract extension with the right-hander on Friday, avoiding salary arbitration.
The team has not commented on the deal, which is pending a physical. MLB.com’s Mark Feinsand confirmed that a club option for 2023 will be included, valued at $15 million, with a $2.75 million buyout. The maximum value of the pact could thus be $52.25 million.