NEW YORK (CBSNewYork/AP) — The Yankees have locked up a main piece in the team’s young core of talented stars. According to multiple reports, New York avoided arbitration with right-hander Luis Severino by agreeing to a four-year, $40 million contract extension Friday.
Severino’s deal includes a team option for 2023 that could make the agreement worth $52.25 million for five seasons. If the option is not exercised, Severino would be eligible for free agency after the 2022 season.
Severino will reportedly receive a $2 million signing bonus and earn a salary of $4 million in 2019, $10 million in 2020, $10.