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Cody Bellinger Opts Out Of Yankees’ Deal

By Charlie Wright | November 3, 2025 at 12:37pm CDT

Outfielder Cody Bellinger has opted out of his contract with the Yankees, reports Jon Heyman of the New York Post. Bellinger had one year and $25MM remaining on his deal. He’ll take the $5MM buyout instead.

Bellinger signed a three-year, $80MM contract with the Cubs ahead of the 2024 season. The deal included opt-outs after each year. Bellinger did not opt out after 2024. He was traded to the Yankees for Cody Poteet that offseason. Chicago also sent cash in the deal, paying $2.5MM of Bellinger’s 2025 salary and another $2.5MM that will now go toward the $5MM buyout.

Bellinger bounced back from a pedestrian season with the Cubs to post a strong 2025 in New York. The friendly confines of Yankee Stadium helped the lefty launch 29 home runs, his most since his 2019 NL MVP season. Bellinger slashed .272/.334/.480 while also grading out as a strong defender.

The standout season in the Bronx made Bellinger’s opt-out decision an easy one. He’ll hit the market as a 30-year-old still capable of playing all three outfield positions and first base. His camp is likely looking for at least a five-year commitment with an asking price above $100MM. Bellinger is not eligible to receive a qualifying offer, since he received one from the Cubs following the 2023 season. The Yankees can’t extend the QO and will not receive compensation if he signs with another team.

Bellinger joins Alex Bregman and Pete Alonso as top bats entering the market after opting out of their current contracts. His next foray into free agency is likely to be more fruitful than his previous attempts. After a pair of injury-plagued years, the Dodgers cut him loose following the 2022 season. Bellinger latched on with the Cubs on a one-year deal for 2023. He earned NL Comeback Player of the Year honors, but the market remained skeptical. Bellinger returned to the Cubs on the aforementioned three-year deal, and didn’t perform well enough in 2024 for an opt-out to be a logical choice. Chicago’s acquisition of Kyle Tucker made a trade seem inevitable, and New York was able to acquire him for a minimal return.

New York’s outfield could look quite different in 2026. Bellinger is joining Trent Grisham in free agency, leaving the Yankees with Aaron Judge, Jasson Dominguez, and then plenty of question marks. Top prospect Spencer Jones is a candidate to earn a job next season. The young lefty could provide the power/speed element that New York would be losing with the Bellinger departure. Grisham is a candidate to receive a qualifying offer, and the roughly $22MM could be enough to entice him back after a career-high 34 home runs.

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New York Yankees Newsstand Transactions Cody Bellinger

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View Comments (59)
Post a Comment

59 Comments

  1. PandaMan

    2 months ago

    What a surprise

    4
    Reply
    • Manfred Rob's Earth Band

      2 months ago

      Exepmtion – What an interesting word.

      Reply
    • DBH1969

      2 months ago

      Towinagain, are you going to post this in every topic this week?

      Reply
  2. MeowMeow

    2 months ago

    If I’m a Yankees fan I feel like I’d want them to prioritize bringing Bellinger back. Felt like a good fit for the team and a generally good ballplayer.

    12
    Reply
    • StudWinfield

      2 months ago

      I’m fine with the risk of a market deal for Belli even though it doesn’t fill CF need. Probably looking at 6/175+/-.

      Reply
      • rocky7

        2 months ago

        Belli can play center and they can always move the Martian back to his original position which was CF…..his flexibility between all 3 outfield positions and first base is necessary going forward.

        2
        Reply
        • mostlytoasty

          2 months ago

          I would be shocked if they give Jasson any time in CF. Yes, that’s where he mostly played in the minors, but most scouts said he was destined for the corners. Seeing as how badly he struggled in LF defensively, I can’t imagine going back to CF suddenly cures those ills. Generally, most capable CFers can slot into the corners well. Maybe he’s an exception but I’m guessing more than likely he ain’t

          Reply
        • KnicksFanCavsFan

          2 months ago

          @mostly

          Wasn’t the issue with the switch from CF to LF the factors that LF is more expansive and he didn’t take to adjusting the routing he to and reading the ball of the bat from the LF position but was more comfortable doing so from the CF position? His issues had nothing to do with speed, range or arm strength which is usually the case in being able to stay in CF. He prefers to play in CF and I doubt he would feel that way if he were unable to handle it.

          Reply
        • mostlytoasty

          1 month ago

          @knicks

          I wasn’t aware he had been telling folks he felt more comfortable in CF (although it makes sense). If he’s a legitimate option there to play more capably than he did in LF, then I’d say Bellinger would be better served protecting his legs there

          Reply
    • mostlytoasty

      2 months ago

      I know his positional flexibility was a real value (in addition to everything else), but I’m guessing he’ll need to be a near everyday CFer if they re-sign him, right (or at least most of his reps there)? Sounds like they’re ready to commit to Jasson as a starter. Spencer Jones is certainly very exciting but the swing and miss issues are too extreme for now to be a realistic CF option next year.

      Rice should make the jump to fulltime 1B, although I think in their end of season press conference, the FO seemed noncommittal on his role for now.

      I know they want to protect Belli’s health, but if he gets penciled in at CF, then that clarifies the lineup a lot better IMO.

      Rice 1B, Jazz 2B, Caballero SS, McMahon 3B, Jasson LF, Belli CF, Judge RF

      Reply
      • StudWinfield

        2 months ago

        Ideally it would be preferable to at least have a RH CF’er who can allow Belli to slide to LF. They seem set on leaving JD in LF and I doubt they will be counting on Jones at this point. Having someone like a Slater or Lane Thomas would be helpful. Bader would be perfect but I assume he’ll have everyday opportunities elsewhere.

        Reply
      • SgM86

        2 months ago

        Most of the team struggled to hit .230 and you’re worried about Jones striking out too much? The guy hit over .270 with 35 home runs and 29 SB mostly in AAA. The great Dominguez couldn’t hold down a starting position and he automatically gets LF? McMahon can’t hit. Couldn’t hit in Colorado, certainly couldn’t in the Bronx. Jazz is a head case, caballero is not a starter. I think they should bring Jones up, in fact he would have been up if not for Grisham having a “career year” which ironically coincided with him being on the cusp of free agency (and we saw how that transpired in the playoffs). They’ll continue to give Dominguez opportunity after opportunity yet won’t let jones get a shot, crazy. The media loves Lombard, good fielder but another one who can’t hit a lick. But again, the guy who can hit and with a lot of power and play a good field (jones) won’t get a shot because he strikes out. Remember, a lineup with Rice(not a great 1 baseman), jazz(flawed second baseman), caballero(really a platoon guy), McMahon(great glove, absentee batter), Dominguez(what does he actually bring?), bellinger(a pros pro) and Judge(arguably the best player of a generation) as your lineup will get you another early exit in rocktober. LOL don’t get me started on Lombard Jr. The sad thing is, I’m a Yankee fan but just absolutely disgusted at how this organization is run.

        2
        Reply
        • User 1008427207

          2 months ago

          So your solution is to insert a guy who makes the team’s problems even worse? Do you know what Jones did in AAA after the trade deadline when they stopped throwing fastballs to him?
          His numbers dropped off a cliff and struck out 43.6% of his PA’s in Aug/ Sept. Yes, you read that right.. He only got promoted to AAA after repeating AA. If there is somebody who has had ML success with his profile, it can’t be a long list.
          And what about Lombard? he started this yr as a teenager and hit AA as a 20 yr old.. Impressive by any standard. Years too early to say he can’t hit.
          I’m not sold on Dominguez yet but even he produced a league-average yr as a 22 yr old. You seem to have no patience or slack for anybody but Jones.

          1
          Reply
        • KnicksFanCavsFan

          2 months ago

          Hitting .230 is certainly an issue but striking out nearly 30% of the time in the minors isn’t a good thing either. I’ve seen based where guys like him actually can learn better strike zone command when they get to the majors because pitchers are able to throw more strikes and maybe coaching and watching Judge might help? I wouldn’t be afraid to call him up if someone is injured but I certainly don’t think he’s earned the right to start over Dominguez. It’s amazing how ppl pooh pooh on JD but overlook he’s 22, a rookie, had a pretty good walk rate just under 10%. His k rate is high at 26% but at least he’s making decent contact with a
          .257 ba, which is considered good in the days. And what “opportunity after opportunity” are you speaking of? This is first year of play? He only appeared in 21 games over his age 20 and 21 year seasons. Sounds like you have some personal bias towards him. Jazz too. How is he a “flawed” 2b? He’s a + defensive 2b that can also fill in at 3b and OF if needed. He’s had back to back +4 WAR seasons and is coming off a pretty good 10% walk, 30/30 season. So what if he’s “colorful” or showed his disappointment bring benched in the playoffs. You want guys that want to be in the big games and in NY, you should want guys that want to be in NY. His personality fits. If he struggles in the playoffs I promise you out won’t be because he’s scared. And for Callabero, I prefer to give Vilpe another year and keep Calli as a super utility guy. I wouldn’t completely subjigate him to bring a back up. 3b is an area where defensively we finally have a stud but if we can find someone they’d a better contact hitter and a glove 75% as good i would be happy. I’m more concerned with running it back with last years OF because I completely expect Stanton will likely miss games thus creating an opening for Jasson and Grishy. If like them to go hard to fix the bullpen including bringing back Williams if he can be had at a depressed market price.

          Reply
        • mostlytoasty

          2 months ago

          I mean I personally would be fine to let Jones hit .200 and be a prime Joey Gallo that can steal a load of bases, but I don’t think the Yankees are going to do that. And as Nunez noted, K rates north of 40% just fundamentally means he will not even be able to manage a .200 average in the majors.

          Only one qualified hitter in AAA the past decade ran a K% over 40.0 and that was Nellie Rodriguez in ’17, a guy nobody has probably heard of because he never made it to the bigs.

          If he can get that close to 30% then they’ll try to make him an everyday guy. But if AAA pitchers can adjust and turn him into a lousy hitter, then don’t expect him to be NYC regular next season.

          Dominguez: I’m just telling you want the Yankees are saying

          McMahon: they traded for him to be a defense-first 3B and that’s what he is

          Caballero: was a 2.1 fWAR player last year with 49 SBs. Volpe ain’t gonna be healthy for OD so yes, he’s the SS. unless they sign HSK or Bichette (which would be terrible), don’t expect anyone else

          Rice: he’s an elite hitter, they’ll suffer less than stellar defense to get his bat in the lineup everyday

          Jazz: defensive question mark but he’s a 30/30 player and is an All Star for a reason lol

          I’m not a Yankees fan and I certainly wouldn’t want a roster full of strike out artists in my lineup top to bottom, but I would be shocked if what I mentioned above isn’t the opening day lineup (pending wherever Belli ends up)

          Reply
        • SgM86

          2 months ago

          All speculation until you give the guy a shot. If that’s the opening day lineup, it will be another season ending in defeat.

          Reply
        • KnicksFanCavsFan

          2 months ago

          @mostly

          Jazz is considered a + defender at 2b so I’m not sure what you’re talking about. As far as JDi haven’t heard anyone say he can’t handle CF. That’s the position he’s played and prefers to play.

          Reply
        • Sadface

          1 month ago

          Maybe the Yankees try to get Bohm and Harper from the Phillies. Phillies could resign Schwarber and play him at First or Yanks could include Rice (and Jazz) in that deal. Jazz could play the OF in Philly.

          Reply
        • SgM86

          1 month ago

          His A+ defense skills were on full display against Toronto

          Reply
        • mostlytoasty

          1 month ago

          @Knicks

          Jazz is a weird guy to sum up defensively there from what I’ve seen. Led the league in errors at the position despite logging far few innings than most everyday 2B. His error on a routine groundball in their last postseason game was a huge factor in that loss as well.

          Yankees fans might know better than me, but I’ve heard folks say his range and arm are great but he just loses focus and makes too many routine mistakes.

          Advanced metrics *mostly* like him, but at some point, having the most errors should count for something not being fully right there. I don’t think they did him any favors by moving him around defensively

          Reply
        • tigerdiesel

          1 month ago

          Plus defender at 2nd idk what games you been watching. The guy looks wild at 2nd while trying to be to nonchalant with his throws.

          Reply
    • emt126

      1 month ago

      No chance he stays healthy. His numbers do not justify more $$

      Reply
  3. JayRyder

    2 months ago

    Over/Under $160 Mil ?

    Reply
    • angt222

      2 months ago

      Under

      Reply
    • bigalcathey

      2 months ago

      You should be working for Vegas. They usually get so close. Gimme the under.
      I’ll guess 5yr/150mil

      Reply
  4. Sabermetric Acolyte

    2 months ago

    He has platooned as a 1B/OF. If Boston is looking to make a splash and sees Cassas as damaged goods, I wonder if he’s on the radar.

    2
    Reply
    • MeowMeow

      2 months ago

      The Red Sox are drowning in OF currently, and I don’t see them signing him as essentially an everyday 1B. I assume there’s still some hope of Casas being salvageable if he can stay healthy.

      1
      Reply
      • Sabermetric Acolyte

        2 months ago

        Yeah but assuming Duran is the odd man out and trade bait for a pitcher, an outfield of Anthony, Rafaela, Abreu looks pretty good if Bellinger is primary first baseman with a few games in the outfield when someone needs a night off. Without taking into account third base and the questions there, first base is the obvious spot for the Red Sox to upgrade if we’ve looking to add a bat.

        More of thought experiment than a fan saying they should go out and do this.

        2
        Reply
        • DBH1969

          2 months ago

          1B isn’t a spot they will look to upgrade until the deadline. Casas, Refsnyder, Lowe… Sox will see how that all plays out first.
          Sox should focus on thinning the OF and signing a legit #2.
          Thinking outside the box, Sox trade both Duran and Abreu for a better pitcher trade and sign Beli for a corner OF.

          Reply
        • Sadface

          1 month ago

          Suggested this as a possibility for the Yankees, but maybe Red Sox try to pry Bohm and Harper from Philadelphia?

          Reply
        • DBH1969

          1 month ago

          Hello Sadface. I think the days of the Sox taking on big money contracts are gone. I can see a move for Bohm using the Bregman money if he leaves.

          Reply
        • KnicksFanCavsFan

          1 month ago

          Harper isn’t going anywhere.

          Reply
    • Joe says...

      2 months ago

      I’m expecting the Polar Bear to be manning first for Boston next season. They don’t much need an outfielder.

      1
      Reply
  5. Balk

    2 months ago

    I wouldn’t mind seeing him in right for the Giants.

    2
    Reply
    • oldgfan

      1 month ago

      Got a feeling they go after Bellinger or Tucker, but end up with a Gilbert/Matos platoon.

      Reply
  6. octraveler

    2 months ago

    Hopefully a Dodger reunion – take the Conforto roster spot

    Reply
    • Another Dodgers Fan

      2 months ago

      He’s going to get more years than the Dodgers likely want to lock up. If he was willing to sign a two year deal with a third year option? Sure.

      I would love to have him back on the team.

      Reply
    • Sadface

      1 month ago

      The Dodgers need the spot for a future Japanese outfield signing.

      Reply
      • Another Dodgers Fan

        1 month ago

        Thank you for thinking about the dodgers future needs. Is there a worthy Japanese outfielder available?

        Because if they aren’t worthy, we let them to to other teams. For appearances sake, obviously.

        Reply
  7. HalosHeavenJJ

    2 months ago

    Versatile, consistent OBP, nice pop. He fits on pretty much every team in the league.

    Very interested to see how his market develops.

    3
    Reply
  8. Salzilla

    2 months ago

    Ok, now get him back please.

    1
    Reply
  9. dasit

    2 months ago

    they’ll take the wrong lesson from this postseason. instead of “dodgers prove the way to win is to spend money on good players” it will be “blue jays prove the postseason is a crapshoot.” then they’ll cross their fingers and hope jasson and spencer are major league starters (they would be… on the rockies)

    2
    Reply
    • KnicksFanCavsFan

      2 months ago

      I dint understand the hate towards Dominguez. As a 22 yo I think he has a good season.

      Reply
  10. This one belongs to the Reds

    2 months ago

    Surprising no one.

    1
    Reply
  11. HALfromVA

    2 months ago

    Opting out, cashing in, and, unless he resigns with the Yankees, or signs with the Reds or Orioles, all stadiums tilted heavily to favor lefties, he will not live up to expectations. Either way, smart move on his part.

    Reply
  12. Mikenmn

    2 months ago

    Two things can be true at the same time–he’s going to be overpaid, and he’s going to produce at a reasonable level. He reminds me a little of Paul O’Neill. Will contribute, plays hard, won’t be a star in his later years,

    1
    Reply
  13. Crunchtime1969

    2 months ago

    He will get paid by a contender. Couldn’t be in a better position to cash in. 4 years with options in place. $110 million.

    Reply
  14. Alan53

    2 months ago

    He is probably better as a corner outfielder going forward

    2
    Reply
  15. Shadowpartner

    2 months ago

    I’m sure he’ll end up with more total money but not anything outrageous at all. He’s a good player but if I was a GM he would be third or fourth on my list of players I’d go after as far as outfielders go. Somebody will take him for maybe a three year contract. I’m gonna guess 50 million but I sure wouldn’t be comfortable giving him that. Decent player though. Streaky career.

    Reply
    • mlbnyyfan

      2 months ago

      What’s his best fit on the Yankees? 1B or OF. If 1B trade Wells and move Rice to Catcher. If OF Trade Dominez or Jones now. Does anyone want Stanton? Haha. Yankees could move Judge to DH and have OF of Bellinger, Dominez, and Jones. Any chance Yankees get Kwan for Jones and Gil. Endless possibilities but the time is now!!!!

      2
      Reply
      • Shadowpartner

        2 months ago

        I see the Yankees moving on from him easily and entirely. There’s a lot of things the Yankees can do like you pointed out but I don’t see them spending their money like this. He’s gone.

        Reply
  16. fearthecub

    2 months ago

    Bellinger’s plate discipline is elite, and his fielding is still well above average. He’s a solid contributor, but not an impact player. His batted ball data is a little underwhelming, if not concerning. A lot of weak contact, and his bounce back directly correlates with the banning of the extreme infield shift. I don’t think he’s going to get a mega deal anywhere, but he can probably get some security for 3-4 years.

    2
    Reply
    • Shadowpartner

      2 months ago

      Fear-what you said is my thinking too. I don’t even know if he’ll get a three year deal anywhere. He’s always been a little overrated. You never know what you’re gonna get from him either. Too much uncertainty which can cost him in free agency. Especially with his years starting to add up.

      1
      Reply
  17. bucsfan

    2 months ago

    I know it won’t happen, but the Pirates should offer Bellinger a crazy amount of money as he could slot in virtually anywhere on the field for them.

    Reply
    • Sadface

      1 month ago

      They could trade for Tarik Skubal too.

      Reply
  18. KnicksFanCavsFan

    2 months ago

    4 years at $110 sounds right to me.

    Reply
  19. DodgerOK

    2 months ago

    He’s not worth $25 mil.

    Reply
  20. padam

    2 months ago

    Wouldn’t mind seeing him with the Mets. Solid D player at the two positions they can use him at. 5/125.

    Reply
  21. brucenewton

    2 months ago

    Yankees sorta need him more than anyone. Not many teams would go 5 years for a 30 year old but the Yankees cheerfully would. He’s a good bet to return to the NYY. Boston and the other usual suspects are probably around to drive the price the Yankees pay.

    Reply

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