It's a quick turnaround for the Yankees after last night's gutting defeat. The front office will jump right into offseason work. The most immediate focus is on their ace's complicated opt-out decision. After that, they'll make a push to retain a likely Hall of Famer who'll set a new contract record in the next few months.
Guaranteed Contracts
- Aaron Judge, CF: $280MM through 2031
- Gerrit Cole, RHP: $144MM through 2028 (Cole can opt out this winter; Yankees could void the opt-out by exercising $36MM club option for '29)
- Carlos Rodón, LHP: $108MM through 2028
- Giancarlo Stanton, DH: $96MM through 2027 (including buyout of '28 club option)*
- DJ LeMahieu, 3B: $30MM through 2026
- Marcus Stroman, RHP: $18MM through 2025 (deal contains $18MM vesting/player option for '26 if Stroman pitches 140+ innings next season)
* Marlins are covering $30MM of Stanton's contract between 2026-28, so Yankees are on the hook for $66MM
Option Decisions
- RHP Gerrit Cole can opt out of final four years and $144MM; Yankees could void the opt-out by exercising $36MM club option for '29
- Team holds $17MM option on 1B Anthony Rizzo ($6MM buyout)
- Team holds $5MM option on RHP Lou Trivino
- Team holds $2.5MM option on RHP Luke Weaver
Additional Obligations
- Owe $10.5MM to released OF Aaron Hicks
2025 financial commitments (if Cole doesn't hit free agency): $183.5MM
Total future commitments (if Cole doesn't opt out): $662.5MM
Arbitration-Eligible Players (projected salaries via MLBTR contributor Matt Swartz)
- Jon Berti (5.168): $3.8MM
- Tim Mayza (5.129): $4MM
- Nestor Cortes (5.094): $7.7MM
- Jose Trevino (5.063): $3.4MM
- Trent Grisham (5.060): $5.7MM
- JT Brubaker (5.000): $2.275MM
- Jazz Chisholm Jr. (4.075): $6.9MM
- Mark Leiter Jr. (4.031): $2.1MM
- Clarke Schmidt (3.148): $3.5MM
- Scott Effross (2.156): $900K
Non-tender candidates: Berti, Mayza, Grisham, Brubaker
Free Agents
- Juan Soto, Gleyber Torres, Clay Holmes, Tommy Kahnle, Alex Verdugo, Tim Hill, Jonathan Loáisiga, Phil Bickford, Tanner Tully
There's no bigger story of the offseason than Juan Soto. That's true not only for the Yankees but MLB as a whole. Soto's next contract is almost certainly going to surpass $500MM. There's a reasonable chance the guarantee begins with a 6. He should break the record both for average annual value and overall guarantee (assuming one takes the net present value of the Shohei Ohtani deal rather than the $700MM figure, which does not account for the contract's $680MM of deferrals).
The Yankees are obviously going to try to keep Soto in the Bronx. His first season couldn't have gone much better. Soto had arguably the best full year of his career. He just turned 26 and is theoretically only entering his prime, at least offensively. The defense probably won't age well over the course of a deal that stretches beyond a decade, but it doesn't really matter. Soto's floor at the plate is better than any free agent's in recent memory.
Every high-payroll team will be tied to Soto. There's a chance it comes down to a bidding war between the New York franchises. The Mets are clearly going to be all-in. Mets president of baseball operations David Stearns stoked the flames last week, saying the franchise's ample payroll space "means that pretty much the entirety of the player universe is potentially accessible." The biggest offseason question may be whether Yankees owner Hal Steinbrenner is willing to be outbid by Mets owner Steve Cohen on a player who was instrumental in pushing the Yankees to their first pennant in 15 years.
Unlock Subscriber-Exclusive Articles Like This One With a Trade Rumors Front Office Subscription
- Access weekly subscriber-only articles by Tim Dierkes, Steve Adams, and Anthony Franco.
- Join exclusive weekly live chats with Anthony.
- Remove ads and support our writers.
- Access GM-caliber tools like our MLB Contract Tracker
