Author: Steve Adams / Source: MLB Trade Rumors
11:00am Severino’s fifth-year option is worth $15MM and comes with a $2.75MM buyout,
As has been the case with numerous recent extensions — Max Kepler, Jorge Polanco, Whit Merrifield — Severino’s deal is more front-loaded than conventional extensions. That’s been agreed upon in some cases as a means of protection against a potential work stoppage upon completion of the current CBA in 2021.
10:41am: The Yankees and right-hander Luis Severino have avoided arbitration by agreeing to a multi-year contract, reports Joel Sherman of the New York Post (
The first major payday comes as an early birthday present for Severino, who’ll turn 25 next Wednesday. It’s a well-earned contract for the Dominican-born righty, who to this point in his career has turned in a 3.51 ERA in 518 innings of work. Over the past two seasons, Severino has been both excellent and consistent, compiling a combined 3.18 ERA with 10.5 K/9, 2.3 BB/9, 0.94 HR/9 and a 46 percent ground-ball rate in 384 2/3 innings of work. Though he’s yet to find success in the postseason spotlight, the Yankees’ strong core should afford Severino ample opportunities to do so over the life of this contract.
Severino had been arbitration-eligible for the first time as a Super Two player, meaning he was already controlled for those four seasons. However, the new contract arrangement affords the team with control over what would have been the right-hander’s first season of free agency.
Severino’s camp filed for a $5.25MM salary against the Yankees’ submission of $4.4MM (as can be seen in MLBTR’s Arbitration Tracker), so this contract promises him what would be at least an additional $35.6MM for his three subsequent arbitration seasons (or an additional $34.75MM in the scenario where he had won that case)….
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