Starter Luis Severino and the New York Yankees are in agreement on a four-year, $40 million contract extension that includes a fifth-year club option, a league source tells ESPN. The deal will buy out four years of arbitration and potentially one free agent season.
Luis Severino's deal can max out at $52.25 million over five years. He gives up only one year of free agency -- one fewer than Aaron Nola did. If the Yankees exercise the $15 million option, Severino will hit the open market at 29 years old.
I was a bit concerned about another ugly arbitration hearing and if Severino returns to his first half form this season he'd eventually get much more than that $10 million in his future arbitration years. Great job
Hope we consider something similar with Judge when the time comes.
RE: How many more years of arbitration did Sevy have?
Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Sevy was a super 2 player so had 4 years or arbitration not 3.
RE: RE: RE: How many more years of arbitration did Sevy have?
Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Sevy was a super 2 player so had 4 years or arbitration not 3.
Ah ok, so three years remaining. Yankees bought out remaining arb years plus his first free agency year should they exercise the option in 2023
Does this help or hurt with our pursuit of Manny or Harper?
True he is guarding against injury, but I think he, or his agent, left a lot on the table. deGromm scored $17 Million in arbitration. Salaries are moving higher, not lower. $10 Million average and $15 Million five years from now is a bargain. Good for the Yankees to pull this off.
Severino has four. I fervently hope he throws 180 IP all four, but that's unlikely. And he'd have to take significant steps forward to be in DeGrom's territory for money, at least in terms of consistency. The Nola deal was a solid benchmark, and Nola surrendered two years of FA, Sevy just one.
and pitches well, the $15 Million five years from now will be below the average salary for a starting pitcher. Today, 2019, $10 Million goes to someone who can keep their ERA below 5.00. The 5th year option makes this contract one sided IMO.
If we are saving money on this it could mean we have another move in mind.
He would have gotten around $5 million in arbitration. Yankees aren't saving money because the AAV counts when it comes to luxury tax. It'll be around a $10 million hit on the payroll. More than what it would have been.
then about what would have made made in those years if he won arbitration?
How much above the $40 million that he'll get in those years did he leave on the table? He also left some money on the table likely by foregoing a year of free agency for $15mm.
I'm just curious how much he potentially (or realistically) left on the table to get the guaranteed payout now.
Passan still saying the Yanks are in on Machado - and there's a rumor that Harper has chosen a team. Not sure if any of this is true... but hey, why not keep going with these 2!
Passan still saying the Yanks are in on Machado - and there's a rumor that Harper has chosen a team. Not sure if any of this is true... but hey, why not keep going with these 2!
Got a link? His column earlier listed the Yankees amongst the teams that have expressed interest but he didn't say how recently unless I misread.
If this were several years ago, back in different market conditions
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Severino gets $40M for 4 yrs guaranteed with an option. #Yankees
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Severino gets $40M for 4 yrs guaranteed with an option. #Yankees
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Severinos deal covers his four arbitration years and the option covers what would be first chance at free agency. #Yankees
The Nola effect? Young players wanting to lock up guaranteed money?
Judge might be next year as he's not arbitration eligible this year. I may be wrong though.
Breakdown of Luis Severino's deal, per source:
2019: $4M+$2M bonus
2020: $10M
2021: $10.25M
2022: $11M
2023 (club option): $15M with $2.75M buyout
Interesting part of that: higher salaries in '20 and '21, lower than usual in '22. Why? Protection against a work stoppage.
Awesome.
That was just Levine running his mouth. He seems to have been sidelined now. Don't hear much out of him.
Hope we consider something similar with Judge when the time comes.
Four including this year. So he gave up just one year of free agency. Assuming Yankees pick up the 5th year option, he will become a free agent at 29.
Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Quote:
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Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Sevy was a super 2 player so had 4 years or arbitration not 3.
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In comment 14297478 figgy2989 said:
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Two more. He may have cost himself some money if his performance continues to trend up but can't blame a guy for jumping at a guaranteed pay day. Good point on RAB too that Sevy was a small bonus international. So this is truly his first big pay out.
Sevy was a super 2 player so had 4 years or arbitration not 3.
Ah ok, so three years remaining. Yankees bought out remaining arb years plus his first free agency year should they exercise the option in 2023
Bingo! Exactly.
He would have gotten around $5 million in arbitration. Yankees aren't saving money because the AAV counts when it comes to luxury tax. It'll be around a $10 million hit on the payroll. More than what it would have been.
How much above the $40 million that he'll get in those years did he leave on the table? He also left some money on the table likely by foregoing a year of free agency for $15mm.
I'm just curious how much he potentially (or realistically) left on the table to get the guaranteed payout now.
...the first half of 2018, then the Yanks got an amazing deal.
If Severino turns out to be the pitcher of the second half of 2018, well, maybe then it's not such a great deal.
Will the real Luis Severino please standup. Please stand up.
...the first half of 2018, then the Yanks got an amazing deal.
If Severino turns out to be the pitcher of the second half of 2018, well, maybe then it's not such a great deal.
Will the real Luis Severino please standup. Please stand up.
Well if he's a mixture, it's still a good deal. I think probability wise, we got a good deal.
Got a link? His column earlier listed the Yankees amongst the teams that have expressed interest but he didn't say how recently unless I misread.
Def a great deal