Yankees Open To Including Opt-Outs In Bellinger Offer
TODAY: In a new report from Brendan Kuty, he writes that the Yankees are willing to include opt-outs after the second and third seasons of their five-year offer.
JANUARY 12: The Yankees reportedly have a five-year offer at more than $30MM annually on the table to Cody Bellinger. ESPN’s Buster Olney nevertheless wrote over the weekend that New York was preparing for the possibility that the outfielder could head elsewhere, potentially on a six-plus year contract.
Brendan Kuty of The Athletic added a few specifics on the Yankees’ position in a report this evening. Kuty writes that the five-year proposal came with a “true” $31-32MM average annual value, as it did not include any deferred money. He adds that the Yankees are willing to discuss opt-out possibilities as well, though it’s not known if their most recent offer actually included such a clause. Jon Heyman of The New York Post similarly suggested that some kind of opt-out was a possibility.
Contract length appears to be the significant stumbling block. Bellinger’s camp at the Boras Corporation is reportedly looking for a seven-year guarantee. Olney suggested over the weekend that he also wanted more than the Yankees were offering on an annual basis, yet the extra year or two seems the bigger hurdle. Bellinger is entering his age-30 season (though he turns 31 in July, less than two weeks after the unofficial July 1 cutoff for a player’s seasonal age).
As shown on MLBTR’s Contract Tracker for Front Office subscribers, Brandon Nimmo signed the most recent six-plus year free agent deal for a hitter in his 30s. That eight-year pact was one of four such contracts over the 2022-23 offseason, but there hasn’t been one within the last two offseasons. Alex Bregman rejected a six-year offer from Detroit last winter in advance of his age-31 campaign. Bregman went on to agree to a five-year deal last week that’ll run through age-36, the same age at which a seven-year deal for Bellinger would conclude. Kyle Schwarber signed a five-year contract covering ages 33-37 last month.
Bellinger went short term with opt-outs during his last free agent trip. He signed a three-year, $80MM guarantee with outs after each of the first two seasons. After foregoing the first opportunity, he returned to the market on the heels of a .272/.334/.480 season in the Bronx. He’s unattached to a qualifying offer this time around and already seems assured of a much more lucrative guarantee than he commanded on his previous free agent deal.
Yankees Re-Sign Paul Blackburn
January 15th, 2026: The Yankees officially announced Blackburn’s signing today.
December 21st, 2025: The Yankees are expected to re-sign right-hander Paul Blackburn, reports Jon Heyman of the New York Post. It’s a one-year deal worth $2MM. The Boras Corporation client can earn an additional $500K through incentives: $100K for 80, 90, 100, 110 and 120 innings pitched.
Blackburn landed with the Yankees after getting released by the Mets in August. He made eight appearances with the club, recording a 5.28 ERA with more than a strikeout per inning. Blackburn had been a starter for the majority of his career, but worked strictly as a reliever with the Yankees. The now 32-year-old had a miserable debut with the team, allowing seven earned runs in 3 1/3 innings to begin his time in the Bronx. He bounced back from there, holding opponents to just two earned runs over his next 12 innings.
Blackburn spent the first seven years of his big-league career with the Athletics. He offered modest results as a back-of-the-rotation depth piece, with stretches of above-average performance. The Mets picked up Blackburn in a minor trade at the 2024 deadline. He struggled through five starts with the team to close that season. Blackburn dealt with spine and knee injuries heading into the 2025 campaign. He didn’t appear in a game until June, and then missed another six weeks with a shoulder issue. Blackburn tossed five scoreless innings in his first outing of the season. He then gave up at least three runs in each of the next five appearances.
While Blackburn was solely a reliever for the Yankees, the contract incentives suggest there might be room for a rotation spot. He gets $100K if he reaches 80 innings, and an additional $100K for each 10-inning milestone he hits up through 120 innings. New York has a relatively soft rotation behind Max Fried and Cam Schlittler. Luis Gil, Will Warren, and Ryan Yarbrough will likely fill out the rest of the staff. Carlos Rodon, Gerrit Cole, and Clarke Schmidt are currently on the mend.
Marlins Trade Ryan Weathers To Yankees
The Marlins moved another starter, trading Ryan Weathers to the Yankees for four prospects: outfielders Dillon Lewis and Brendan Jones and infielders Dylan Jasso and Juan Matheus. New York already had two openings on the 40-man roster, so no corresponding moves were necessary. Both teams have announced the deal.
It’s the second significant rotation move in as many weeks for Miami. The Fish swapped Edward Cabrera to the Cubs for a package led by rookie outfielder Owen Caissie on Wednesday. It’s surprising to see them pull the trigger on another deal to subtract a controllable starter. Cabrera and Weathers have each had trouble staying healthy, and Miami evidently preferred to stockpile position players over the pair of talented but risky starters.
Weathers, a 26-year-old lefty, is the son of longtime big leaguer David Weathers (who coincidentally was traded from the Florida Marlins to the Yankees at the 1996 deadline). This is the second time that Ryan Weathers finds himself on the move. The Padres selected him with the #7 overall pick in the 2018 draft. He made it to the majors within three years, no small feat for a pitcher who signed out of high school, but struggled in scattered looks with San Diego. The Friars dealt him to Miami at the ’23 deadline for first baseman Garrett Cooper.
The Weathers acquisition came a few months before Miami installed Peter Bendix atop baseball operations. Weathers has shown mid-rotation potential over the past couple seasons but hasn’t been able to put together a full showing. A strained index finger on his throwing hand cost him three months in 2024. He missed the first six weeks last year after suffering a forearm strain during Spring Training. Weathers returned and pitched well over five starts before going down again — this time with a lat strain that knocked him out into September.
Weathers has been limited to 24 starts and 125 innings over the past two years. He turned in a 3.74 earned run average with a solid 22% strikeout rate and lower than average 6.8% walk percentage. Weathers has pushed his average fastball into the 96-97 MPH range and can miss bats with his changeup and sweeper. At full health, he has looked like a potential third or fourth starter. He hasn’t been healthy for more than a couple months at a time since 2023.
Miami and Weathers settled on a $1.35MM salary last week. This offseason was his first of arbitration eligibility. He’ll go through the process at least twice more and won’t hit free agency until the 2028-29 offseason at the earliest. The Yankees are currently in the third tier of luxury tax penalization and taxed at a 95% rate on spending up to $304MM. Weathers’ modest salary means New York only takes on roughly $1.3MM in taxes to add him.
There’s also some roster flexibility, as the southpaw has one minor league option remaining. Weathers should break camp in Aaron Boone’s rotation assuming he gets through Spring Training healthy. Gerrit Cole and Carlos Rodón will open the season on the injured list, while Clarke Schmidt could miss the entire year after last July’s Tommy John procedure. Weathers slots alongside Will Warren and Luis Gil as their projected third through fifth starters behind Max Fried and Cam Schlittler. Any of Weathers, Warren or Gil could be optioned to Triple-A if everyone’s healthy once Rodón and/or Cole return.
The trade should increase Miami’s urgency to add an affordable starter via free agency. Eury Pérez and Sandy Alcantara are the only two locks for Clayton McCullough’s season-opening rotation. Braxton Garrett (internal brace) and Max Meyer (hip surgery) missed most or all of the 2025 season. They’re expected to be ready for Opening Day but should be on innings limits. Journeyman Janson Junk was a decent fifth starter, while Ryan Gusto and Adam Mazur have limited MLB experience.
There’s more upside coming through the pipeline. Highly-regarded prospects Thomas White and Robby Snelling have reached Triple-A. Snelling dominated over 11 starts there and has a strong chance to win a rotation spot out of Spring Training. Former second-rounder Dax Fulton is on the 40-man roster and has also reached Triple-A, though he’s coming off a less impressive season in the high minors.
It remains a high-ceiling group, especially once White and Snelling take the mound at loanDepot Park. They’re short a veteran at the back end whom they can rely upon for some innings. It’s likely they’ll dip into free agency for a starter on a one-year deal, as they did last winter with the Cal Quantrill signing. They should aim a little higher this time around since it’s not out of the question they compete for a playoff spot in 2026. Maybe a multi-year deal candidate like Zack Littell or Nick Martinez winds up dropping into their price range as Spring Training approaches. Jose Quintana, Martín Pérez and former Miami draftee Chris Paddack are all locks for one-year deals and would be more comparable to the Quantrill pickup.
Lewis is the biggest get of the four prospects. Jon Heyman of The New York Post reported last week that Miami evaluators were particularly bullish on the 22-year-old outfielder. His name came up in conversations between the teams when New York was pursuing Cabrera. While they didn’t find an agreeable package in those conversations, the Marlins found another way to add Lewis to the system.
A right-handed hitter, Lewis was a 13th-round pick in 2024 out of Queens University of Charlotte. While he didn’t enter pro ball with a ton of fanfare, he impressed pro scouts during his first full season. Baseball America recently ranked him eighth among Yankees prospects, while he slotted 16th in the system at MLB Pipeline.
Evaluators praise his center field defense and big exit velocities that hint at the raw power upside in his 6’3″ frame. He’s coming off a .237/.321/.445 slash with 22 home runs and 26 stolen bases in a pitcher-friendly setting in the low minors. Lewis struck out at a higher than average 23.5% rate, which is concerning for a college draftee who has yet to advance beyond High-A. There’s a decent amount of risk with questions about his hit tool and distance from the majors, but he’s another toolsy outfield pickup for a club that added Caissie last week.
Jones was another late-round college pick in 2024. A left-handed hitting center fielder out of Kansas State, he combined for a .245/.359/.395 line between High-A and Double-A. Jones walked in almost 15% of his plate appearances and stole 51 bases in 60 attempts. He’s listed at 5’10” and doesn’t have Lewis’ physical upside, but scouts praise his approach and speed. Baseball America ranked him 13th in the Yankees system, while he landed 15th on Pipeline’s ranking. There’s a decent chance he ends up as a fourth outfielder.
Jasso, 23, is a right-handed hitting corner infielder who spent last season in Double-A. He had a solid year, batting .257/.326/.400 with 13 homers. Jasso was a 2023 undrafted free agent whose minor league performance landed him in the back third of New York’s top 30 prospects. He should begin the season at Triple-A Jacksonville and could find himself in the MLB mix by the end of the year. He’ll be eligible for the Rule 5 draft next winter.
Miami rounds out the return with Matheus, a 21-year-old shortstop/third baseman out of Venezuela. The switch-hitter put together a .275/.365/.376 line with a 12.3% walk rate and 18.5% strikeout percentage in A-ball last year. Matheus is on the smaller side at 5’10” and hasn’t hit for more than five home runs in a season. He’s a lottery ticket potential utility player who’ll also be eligible for the Rule 5 draft after the ’26 season.
Jack Curry of The Yes Network first reported the Yankees were acquiring Weathers for four prospects. Craig Mish of SportsGrid had the full return. Image courtesy of Jim Rassol, Imagn Images.
Yankees Have Shown Interest In Nico Hoerner, Luis Robert Jr.
At the start of the offseason, it felt inevitable that the Yankees and Cody Bellinger would reunite. That may still happen but it seems up in the air at the moment. Talks between the two sides have seemingly stalled out. Jon Heyman of The New York Post reports today that both sides have been exploring alternatives lately. Bellinger has interest from other clubs. Meanwhile, the Yankees have been touching base with free agents Bo Bichette and Kyle Tucker, who they have been connected to previously. They’ve also checked in on trade candidates Luis Robert Jr. of the White Sox and Nico Hoerner of the Cubs. The Yanks’ interest in Hoerner was first reported by Pat Ragazzo of SI.
Bellinger spent 2025 in the Bronx and it seemed to go well. He hit 29 home runs and slashed .27/.334/.480 for a wRC+ 125. He stole 13 bases and played all three outfield slots as well as first base. He appeared to be especially comfortable in Yankee Stadium, slashing .302/.365/.544 there. He opted out of the final season of his contract, taking a $5MM buyout and leaving a $25MM salary on the table. At the start of the offseason, MLBTR predicted Bellinger to have enough juice for a five-year, $140MM deal.
It was reported on New Year’s Day that the Yanks had made an offer to Bellinger. A few days later came reports of a second offer. No details of either offer were initially revealed but further reporting indicated the sides weren’t close to a deal. Subsequent reporting has put the Yankee offer at five years and over $30MM annually, putting the guarantee somewhere in the vicinity of $155MM. That hasn’t been enough to get a deal done with Bellinger hoping to get to seven years.
It seems the two sides have taken a break from the staredown to look elsewhere. Heyman says they continued talking over the weekend but each party is considering alternatives. Heyman mentions the Dodgers, Giants and Mets as clubs believed to have interest in Bellinger. Those clubs have all been tied to Bellinger via rumors earlier this winter but are imperfect fits. All three could use outfield help to varying degrees but they also appear to be trying to avoid long-term commitments at the moment.
Since the hold-up between the Yankees and Bellinger appears to be the length of their offer, it’s hard to envision any of these clubs outbidding the Yankees. Any of the three could perhaps change their stance to take advantage of this opportunity but it also could be more likely that those clubs would prefer to get Bellinger via another short-term, opt-out laden deal. It’s unclear if he would want to do that after going down that road a couple of years ago, but it presumably depends on where things go in the next few weeks.
The Blue Jays have also been connected to Bellinger this winter but it seems they are more focused on Bichette and Tucker with Bellinger perhaps a backup plan. The Cubs were also connected to their old friend Bellinger this winter but signing Alex Bregman is presumably their big splash of the winter.
For the Yankees, they could perhaps increase their offer but are also seeing what else is on the menu. With Hoerner, it’s unclear if the Cubs have any interest in trading him but he has been in rumors and it’s arguable they should consider it. Hoerner is a good player but is a free agent after 2026. With the Cubs recently signing Bregman, their infield is now a bit cluttered. Putting Bregman at third bumps Matt Shaw to the bench.
If they wanted to, the Cubs could trade Hoerner and then move Shaw to second base. That would declutter things a bit and also should bring back something of note. Hoerner’s $12MM salary this year is very affordable considering his production. He doesn’t hit a ton of home runs but rarely strikes out, relying on his contact, speed and defense to provide value. It’s a combination that works, as FanGraphs has credited him with 3.9 wins above replacement or more in each of the past four years.
It could also give the Cubs a bit more breathing room in terms of the competitive balance tax. The Cubs went narrowly above the CBT in 2024 but have otherwise stayed under the line in each season from 2021 to the present.
RosterResource currently estimates them for a CBT number of just over $243MM, putting them less than a million from this year’s line. A team’s CBT number isn’t calculated until the end of the year, so in-season moves can move a club up or down. If the Cubs want to avoid the tax in 2026, creating some space now could be something they consider to give them more ability to make moves at the deadline.
For the Yankees, Hoerner wouldn’t help replace Bellinger in the outfield but he should make the team better. Though he has largely been a second baseman for the Cubs, he is considered good enough to be a shortstop. He has just been on the other side of the bag in deference to Dansby Swanson.
The Yanks have an uncertain shortstop situation at present, hence their previous connection to Bichette. Anthony Volpe is coming off a down year and may not be ready for Opening Day 2026 as he recovers from shoulder surgery. José Caballero currently projects as the top shortstop for the early season, though he has mostly been a utility guy in his career. If the Yanks add a shortstop, then he could return to that role.
The thinking with signing Bichette had a couple of attractions. He could upgrade the shortstop position now, then second base in the future. Jazz Chisholm Jr. is currently the club’s second baseman but he is slated for free agency after the upcoming season. With the Yanks having shortstop prospect George Lombard Jr. waiting in the wings, Bichette could cover short for a year and then slide to the other side of the bag with either Lombard or a resurgent Volpe at short.
Hoener wouldn’t be quite the same acquisition, barring an extension, as he is only signed through 2026. Still, that would likely have appeal for the Yankees in a different way. They could upgrade the middle infield for now without making a huge commitment. After 2026, depending on how things go with Lombard, Volpe, Hoerner and Chisholm, they could then decide about how to invest in the middle infield for the long term.
They would, however, have to give the Cubs something of value in return. As mentioned, it’s unclear if the Cubs have any interest at all in flipping Hoerner. Even if they do, they would presumably be looking for some kind of win-now upgrade, likely on the pitching staff. With the Yanks looking for pitching help themselves, it may be challenging to line up a deal that makes sense for both sides.
As for Robert, he is surely available but also tricky to value. He has shown borderline MVP upside but is coming off two years marred by injuries and underperformance. In 2023, he hit 38 home runs and stole 20 bases, slashed .264/.315/.542 and got strong grades for his center field defense. But since then, he has made a number of trips to the injured list while slashing .223/.288/.372 for a wRC+ of 84.
The White Sox are rebuilding and will surely trade Robert but are seemingly hoping to trade him at peak value. He wasn’t moved in 2025 even though it was the final guaranteed year of his contract. They picked up a $20MM option for 2026. Teams like the Yankees and others might want to buy low but the Sox are likely motivated to wait. After his down year, it would make sense to hold him until the deadline, with the hope of him getting back in form and therefore increasing his trade value.
The Yankee outfield currently projects to include Aaron Judge and Trent Grisham in two spots. If the season started today, Jasson Domínguez and Spencer Jones would battle for a third. Domínguez is coming off a rough year in 2025, with an average bat and poor defense. Jones hit 35 home runs in the minors last year but also struck out 35.4% of the time, creating some doubt about how viable his bat will be in the majors.
Acquiring Hoerner wouldn’t do much to change that picture but perhaps the Yanks would be more comfortable with the uncertainty of the Domínguez/Jones combo with a stronger infield. Bringing back Bellinger, signing Tucker or acquiring Robert would strengthen the outfield group, bumping Domínguez to more of a part-time role and keeping Jones in Triple-A.
There are many moving pieces here as the offseason moves into the final weeks before pitchers and catchers report to spring training. Tucker, Bichette and Bellinger are the top position players still out there, with a lot of overlapping interest. The Jays are seemingly in on all three, considered by some to be the favorites for Tucker but a Bichette reunion also makes sense. Like Bellinger, Bichette is considering other options. He is meeting with the Phillies today, although that is a bit complicated, as Philadelphia would seemingly have to move on from both J.T. Realmuto and Alec Bohm to fit Bichette onto the roster and into the budget. The Red Sox just missed on Bregman and could turn to Bichette but they don’t seem too keen on big long-term investments. The Dodgers, Giants and Mets may be looking to get opportunistic if a nice short-term opportunity becomes possible.
It’s a bit of a game of musical chairs with the Yankees and Bellinger some of the key participants. Bregman just found a seat in Chicago but others will have to sit soon. Pitchers and catchers report to spring training in about a month, so the music is slowing down.
Photo courtesy of Sergio Estrada, Imagn Images
Yankees, Cody Bellinger “At An Impasse” In Negotiations
The Yankees’ attempt to reunite with free agent Cody Bellinger seems to have hit a wall. ESPN’s Buster Olney reports the two sides are “at an impasse.” New York is moving forward as if Bellinger is signing with another team and will look to make additions elsewhere, adds Olney.
Brendan Kuty of The Athletic reported on Thursday that the Yankees had an offer in to Bellinger for more than $30MM a year. Olney reiterated that figure, while also mentioning that the proposal on the table was for five years. Bellinger and his team (he’s a Boras Corporation client) have been pursuing a deal for seven years, while reports had New York preferring something in the four-to-five range.
A contract of five years at more than $30MM per season would be right in line with the deals inked by the top free agent bats this offseason. Pete Alonso got five years and $155MM from Baltimore. Kyle Schwarber returned to Philadelphia on a five-year, $150MM deal. The length of New York’s most recent reported offer would be an obvious sticking point for Bellinger’s camp, given their known preferences, but Olney added that they’re also looking to do better than the $30MM AAV.
Bellinger seemed to be New York’s main priority this offseason. Kyle Tucker is the premier hitter on the market, but reports suggested he was the Yankees’ backup plan to Bellinger. The club was only recently linked to Bo Bichette and has not been significantly connected to Alex Bregman.
The now 30-year-old Bellinger excelled in his lone season in the Bronx. He slashed .272/.334/.480 with 29 home runs across 152 games. Bellinger made the most of the friendly confines of Yankee Stadium, hitting .302 with 18 home runs at home. His OPS slipped by nearly 200 points on the road.
The Cubs were the most recent team to join the lengthy list of Bellinger suitors. The Dodgers, Giants, Mets, Angels, Blue Jays, and Phillies have all been connected to the free agent outfielder at various points this offseason. A return to Chicago would be fitting after the club twice gave Bellinger a home when the market went cold on him.
After the Dodgers cut ties with the 2019 NL MVP, the Cubs added him on a one-year, $17.5MM pact for 2023. Bellinger hit a career-high .307 and posted a 135 wRC+ in his first year in Chicago, but it wasn’t enough to garner a long-term deal from other teams the following offseason. The Cubs brought him back late in the winter on an opt-out-laden three-year deal. The club would ship him to the Yankees after just a season in what amounted to a salary dump, so maybe it isn’t a perfect homecoming.
Photo courtesy of Brad Penner, Imagn Images
Latest On Yankees’ Pitching Search
The Yankees were known to be one of the teams talking with the Marlins about a possible Edward Cabrera trade, but with Cabrera now in a Cubs uniform, the New York Post’s Joel Sherman reports that the Bronx Bombers are looking elsewhere for rotation help. The NY Post’s Jon Heyman reiterates that the Yankees continue to have trade interest in the Brewers’ Freddy Peralta and the Nationals’ MacKenzie Gore, and the chances of a Tarik Skubal trade with the Tigers seems remote due to Detroit’s huge asking price.
As per offseason norms, the Yankees have been routinely connected to several major players on the free agent and trade markets, though the club has yet to swing a big transaction. New York did bolster its pitching depth by re-signing Ryan Yarbrough and Paul Blackburn, but those aren’t the types of arms that would provide the certainty or the upside of a true front-of-the-rotation arm.
Sherman outlines the situation facing the Yankees’ rotation, as technically the team has enough starters between Max Fried, Luis Gil, Cam Schlittler, Will Warren, and Yarbrough to cover innings until Carlos Rodon is back from elbow surgery (in late April or early May), and Gerrit Cole and Clarke Schmidt are back from Tommy John surgery. Of course, any injuries to the healthy pitchers or setbacks for the injured pitchers could throw this entire plan awry, and Schmidt’s availability for any of the 2026 season isn’t a sure thing since he underwent his TJ procedure last July.
Bringing in not just a depth starter, but a pitcher that could conceivably start a playoff game would naturally be a nice boost to the rotation picture. Such an addition provides cover against not just injuries, but (as Sherman notes) the possibility that Schlittler might struggle in his first full Major League season, or that Fried might feel some wear after a career-high 195 1/3 innings pitched in 2025.
Interestingly, almost all of the starting pitchers linked to the Yankees on the hot stove this offseason have been trade targets, rather than free agents. Given how Cody Bellinger seemingly remains New York’s top overall priority, it would seem like the Yankees are allocating their free agent dollars in that direction….or perhaps towards another top-tier option like Bo Bichette if a deal can’t be reached with Bellinger.
While the Yankees were reportedly interested in Tatsuya Imai earlier this winter, Heyman writes that the team was looking at Imai more as a reliever than as a starting pitcher. As such, the Yankees didn’t make Imai an offer, since presumably the bidding got beyond New York’s comfort range for a relief pitcher. Imai’s market ended up being narrower than initially thought, and the righty ended up signing with the Astros on a three-year, $54MM deal that includes opt-outs after each of the first two seasons.
Heyman also provides some details on the Cabrera negotiations, as such New York prospects as right-hander Ben Hess and outfielder Dillon Lewis were mentioned, along with “a third lower-level prospect.” It isn’t specified if these three players were all included in one offer to Miami, but the Marlins instead opted for the Cubs’ three-prospect mix of Owen Caissie, Cristian Hernandez and Edgardo De Leon. The highly-regarded Caissie is the highest-ranked prospect of the group and he has already made his MLB debut, so he could be in Miami’s outfield as soon as Opening Day. It is easy to see why the hitting-needy Marlins might’ve preferred Chicago’s offer, especially since the Yankees weren’t willing to include their own top hitting prospect in George Lombard Jr.
In what might be an interesting tidbit to file away for any future Yankees/Marlins trade talks, Heyman writes that “Miami loves the super talented Lewis,” a 13th-round pick in the 2024 draft who finished his first full season of pro ball at high-A Hudson Valley. Baseball America ranks Lewis as the eighth-best prospect in New York’s farm system, with Hess clocking in fifth place.
Yankees Claim Kaleb Ort
The Yankees announced that they have claimed right-hander Kaleb Ort off waivers from the Astros. The move was reported by Yankees Never Win prior to the official announcement. Houston recently designated Ort for assignment when they signed Tatsuya Imai. The Yanks had multiple 40-man vacancies and don’t need to make a corresponding move.
Ort, 34 in February, has pitched for the Red Sox and Astros over the past five seasons. He has shown some intriguing stuff but without fully harnessing it for good results. He averages in the upper 90s with his four-seamer while also throwing a cutter, slider and changeup.
Through the end of the 2023 season, he had thrown 51 2/3 innings for the Red Sox with a 6.27 earned run average. Boston put him on waivers in October of 2023 and he bounced around the league that winter, going to the Mariners, Marlins, Phillies and Orioles via waivers or cash deals. Baltimore kept him on optional assignment early in 2024, exhausting Ort’s final option year in the process. They put him in waivers in May of that year, which is when the Astros grabbed him.
He had his best run of major league success with the Astros. After that claim, he gave Houston 22 innings with a 2.55 ERA, 28% strikeout rate and 4.3% walk rate. That impressed the Astros enough that Ort held a roster spot through 2025 despite being out of options, but he couldn’t keep the results at that level. He tossed 46 innings last year with a 4.89 ERA. His 25.3% strikeout rate was still good but he gave out free passes at a 13.9% clip. He spent most of September on the injured list due to right elbow inflammation.
For the Yankees, there’s no real harm in a waiver claim for now. As mentioned, they had multiple open roster spots. Ort still doesn’t have enough service time to have qualified for arbitration. They can bring him into camp to compete for a bullpen spot.
It’s also possible they put him back on waivers later, after they make more moves and fill out the roster. If he were to pass through waivers unclaimed, they could keep him in a non-roster capacity. Ort doesn’t have a previous career outright and is shy of three years of service time, meaning he doesn’t have the right to reject an outright assignment in favor of free agency.
Photo courtesy of Thomas Shea, Imagn Images
Yankees’ Offer To Bellinger Reportedly Above $30MM AAV
The Yankees have made multiple offers to Cody Bellinger in recent weeks. Brendan Kuty of The Athletic reports that the most recent had an average annual value north of $30MM. However, the sides are still held up on contract length.
Kuty writes that Bellinger’s camp continues to push for a seven-year contract. It’s not known how many years the Yankees are willing to go, but it has thus far apparently been less than seven. Jon Morosi of The MLB Network suggested earlier this week that the team was more comfortable with a four- or five-year commitment.
The rumored proposal from New York would put Bellinger in the range of the most expensive bats to sign this offseason, at least on an annual basis. Kyle Schwarber re-signed with the Phillies for five years and $150MM. Pete Alonso received a five-year, $155MM deal from Baltimore. If the Yankees get their wish regarding the contract length, Bellinger’s deal likely ends up looking a lot like the Schwarber and Alonso pacts. MLB Trade Rumors settled on a five-year, $140MM contract in our list of the top 50 free agents.
As Kuty notes, a contract exceeding $30MM a year would make Bellinger one of the highest-paid outfielders in the league. Juan Soto, Aaron Judge, Mike Trout, and Mookie Betts (if he still counts) are the only outfielders making more than $30MM per season. It would also be a significant jump from his recent contracts, as the market has treated him with trepidation in previous years.
After the Dodgers moved on from Bellinger following the 2022 season, the Cubs scooped him up on a one-year, $17.5MM deal. Bellinger rewarded Chicago with a 20/20 campaign, but it wasn’t enough to land a long-term contract. He ended up back with the Cubs on a three-year, $80MM deal with opt-outs after each season. Bellinger didn’t opt out after a middling 2024 and was then traded to New York. The Yankees were able to land him just by sending over Cody Poteet and agreeing to pay all but $5MM left on Bellinger’s contract.
Bellinger unsurprisingly opted out of the final year of his deal after a strong season in New York. Regardless of where he ends up, he should be able to top the $25MM he was slated to make in 2026. Bellinger slugged 29 home runs last year, the most since his NL MVP campaign in 2019. He added 13 steals and nearly drove in 100 runs. Bellinger also provided stellar defense, with both Defensive Runs Saved (+11) and Outs Above Average (+7) praising his work in the field. Bellinger logged 300+ innings at all three outfield positions. He also made a handful of appearances at first base. The Yankees didn’t need his services in the infield with Paul Goldschmidt on board, but he could be an asset there if needed.
In addition to the considerable counting stats, Bellinger also made some improvements under the hood in 2025. He bumped his hard-hit rate to 37.9%. That mark is just above league average, but it’s a big improvement from recent seasons. Bellinger’s 31.4% hard-hit rate in 2023 was among the reasons he failed to secure a long-term deal after his first year with the Cubs. While he hit .307 that season, it was likely fueled by a career-high .319 BABIP. His xBA (.268) was nearly 40 points lower than his actual mark. Bellinger’s hard-hit rate improved to a still-underwhelming 32.9% in 2024, while his bat speed slipped to 69 mph, which ranked in the 13th percentile.
Bellinger also made more contact this past season. His 13.7% strikeout rate was the best mark of his career, as was his 7.6% swinging-strike rate. Bellinger ranked 26th among all qualified hitters with a 91% zone contact rate. He’d only been above 87% once in his career before 2025. Average batted ball metrics combined with elite contact skills could portend continued success for the 30-year-old Bellinger, particularly if he stays in New York. He slashed an uninspiring .241/.301/.414 on the road last year.
Yankees Avoid Arbitration With Jazz Chisholm Jr.
The Yankees announced they’ve reached an agreement with infielder Jazz Chisholm Jr. for the 2026 season. It’s a one-year, $10.2MM deal, reports Jack Curry of the YES Network. Chisholm is a client of Roc Nation Sports.
New York settled all eight of its remaining arbitration cases today. Chisholm was the only one to crack eight figures, though closer David Bednar ($9MM) wasn’t far behind. MLBTR contributor Matt Swartz nailed both numbers. The 27-year-old Chisholm is in his final year of arbitration and will head to free agency next offseason.
Chisholm put together a massive 30/30 campaign in his first full season in pinstripes. He struck out at an above-average clip, but also pushed his walk rate to a career-best 10.9%. Chisholm’s 126 wRC+ was his best mark since the 134 he posted in an abbreviated 2022 season, when a back injury limited him to 60 games. Health issues hindered Chisholm for much of his tenure in Miami. That hasn’t been the case in New York. Aside from a minimum IL stint in 2024 and a one-month absence this past year, Chisholm has been a fixture in the Yankees’ lineup. He’s played at least 130 games in back-to-back seasons.
After making the move to third base when he first joined the team, Chisholm was locked in at second base after New York traded for Ryan McMahon. He should reprise that role in 2026, assuming he’s still on the team. Rival clubs have checked in with the Yankees about Chisholm. The pending free agent is interested in a contract extension, but New York hasn’t been as keen on the idea. There’s been no indication that the Yankees are actually considering trading Chisholm. He’s more than likely going to be back in the middle of a formidable New York lineup next year.
Photo courtesy of Vincent Carchietta, Imagn Images
Latest On Yankees, Cody Bellinger
The biggest offseason question for the Yankees has been whether they’ll re-sign Cody Bellinger. General manager Brian Cashman is on record about the club’s interest in doing so, and they’ve reportedly made at least two formal contract offers.
It doesn’t appear that Bellinger is on the verge of accepting a deal, however. Brendan Kuty of The Athletic wrote this morning that the sides don’t seem close to an agreement, though talks are continuing. Contract length could be a holdup. Kuty wrote that Bellinger and his representatives at the Boras Corporation were likely looking for a six- or seven-year contract. In an MLB Network appearance, Jon Morosi also suggested that Bellinger continued to seek a deal in the seven-year range. Morosi added that the Yankees unsurprisingly preferred a four- or five-year commitment.
Most external projections forecast a five- or six-year deal. MLBTR predicted a five-year, $140MM contract at the beginning of the offseason. Bellinger is headed into his age-30 season. There’s precedent for players commanding seven-plus years at that age, but the most recent free agent hitter to do so was Brandon Nimmo in 2022. There hasn’t even been a six-year contract for a free agent bat in his 30s since the Nimmo deal, but Alex Bregman (who was a year older at the time) rejected a six-year offer from the Tigers last winter.
Bellinger is coming off a fantastic first season in the Bronx. He hit .272/.334/.480 with 29 home runs across 656 plate appearances. He cut his already low strikeout rate to a personal-best 13.7% clip. Bellinger’s bat speed and exit velocities — which prevented him from commanding a long-term contract two years ago — remain middling. His left-handed bat was perfectly suited to Yankee Stadium, where he hit .302/.365/.544 with 18 of his home runs. His .241/.301/.414 batting line on the road is essentially league average.
While that wouldn’t be much of an issue for the Yankees, they may feel that’ll give other teams pause. We’re only a year removed from Bellinger having essentially no trade value when he was signed for two years and $52.5MM. New York acquired him from the Cubs for journeyman pitcher Cody Poteet, whom Chicago cut at the end of Spring Training. The only cost for the Yankees was taking on all but $5MM on Bellinger’s deal. Trade talks were complicated by an opt-out clause in his contract, but it’s notable that teams weren’t eager to sign up for even two years at $25MM annually last offseason. A six-plus year commitment at a similar annual value is a significant ask.
Do teams other than the Yankees feel Bellinger is a dramatically different player than he was a year ago? His camp will surely argue that his success in New York — on top of his previous work in big markets in Los Angeles and Chicago — should move the needle. Bellinger also isn’t attached to draft compensation, as he was in 2023 when he declined a qualifying offer from the Cubs.
His results have outpaced his more middling batted ball metrics in three consecutive seasons. Bellinger is never going to recapture the ferocious power he had before he injured his right shoulder during the 2020 postseason. He has reinvented himself as an elite contact bat, and while his home/road splits aren’t encouraging, his platoon numbers are more impressive.
Bellinger is a .329/.371/.546 hitter against left-handed pitching over the past three seasons. Among lefty hitters with 250+ plate appearances in that time, only Yordan Alvarez has a superior slugging mark. Bellinger trails only Alvarez and Juan Soto in on-base percentage. Teams can comfortably pencil Bellinger in as an everyday player in either corner outfield spot, and he’s an option for at least semi-regular center field work.