For the time being, Severino remains scheduled to participate in an arbitration hearing to determine his salary for the 2019 season. He filed at $5.25MM, with the team countering at $4.4MM. It’s not an especially high-stakes hearing, then, though setting a high mark in his Super Two year would set up Severino for greater future earnings.
It’s a different situation, then, from that which faced Aaron Nola and the Phillies before they hammered out a long-term deal today. In that case, a hefty $2.2MM spread in arb positions left significant risk on both sides. They ultimately settled for a four-year, $45MM deal that gives the team one option year.
Interestingly, the Yanks’ filing number on Severino sits just below the figure the Phillies would have defended ($4.5MM) on Nola, despite the fact that the Philadelphia hurler has a much more compelling statistical case and was in the 3+ service class. It seems the Yanks and Severino are closer to the same page as a starting point, not that it necessarily spells a greater likelihood for a long-term deal.
The Nola contract does not necessarily bear directly on Severino’s case, given the service differences, but it does represent a notable market marker. Certainly, that new deal does not break significant new ground. It’d be curious, at least, to see Severino secure a stronger deal than Nola with one season longer to go before he’s a free agent, though it’s entirely unclear what terms are being discussed at present. Gio Gonzalez (five years, $42MM, two options) still holds the high-water mark for a Super Two starter.