The Yankees have agreed to a contract extension with their young ace Luis Severino. As of now it’s only being reported and the team has yet to confirm the reports or to comment on them.
It’s being reported that the deal is for four-years and $40 million. This deal avoids arbitration between the team and the player for this season and it will cover all of Severino’s arbitration-eligible seasons and it includes a team-option for the 2023 season that includes a $2.75 million buyout and if it’s picked up it would cover his first season of free agency.
This deal is a home run for the Yankees in my opinion because Severino has been an all-star each of the last two seasons and on top of that he has finished in the top-10 in the American League Cy Young voting in each of the two seasons.
Severino struggled to find his footing in the 2016 season before he became a full-time starter for the team, but once he became a full-time starter two seasons ago he took off and showed that he is more than capable of being an ace in the rotation for the Yankees.
The one downside of Severino is that he has really struggled in his six postseason starts, posting an ERA of 6.26, but with him playing in New York and with the way this roster is set up, he should have plenty of chances to try and right himself in the postseason.
This deal, paired with the deal that Aaron Nola signed with the Phillies earlier this week, shows that players might be losing confidence in the system when it comes to becoming a free agent and trying to get a long-term deal that way and are instead trying to get longer contracts when they can and are avoiding going to arbitration or signing one-year deals to avoid arbitration. It’ll be interesting to see if players continue to do this with their contract negotiations going forward.