MLB Rumors: Cody Bellinger and the New York Yankees have agreed to terms on a 5 year, $162.5 million deal, per multiple reports. The deal includes opt outs for Bellinger after 2027 and 2028, as well as a full
no-trade clause.
Bellinger, 30, has been a curious free agent case in two of the past three seasons. The 2017 Rookie of the Year and 2019 Most Valuable Player was non-tendered by the Los Angeles Dodgers after the 2022 season, having put up a 542 OPS in 2021 and a 654 OPS in 2022. Bellinger signed a one year deal with the Cubs for 2023 that guaranteed him $17.5 million.
Bellinger had a terrific bounceback season, putting up an 881 OPS and 4.8 bWAR. A tepid free agent market for Bellinger after the 2023 season resulted in him not signing until after the 2024 spring training camps had opened up, ultimately entering into a three year, $80 million deal with the Cubs at the end of February that featured opt-outs after years one and two.
Bellinger disappointed in 2024 for Chicago, slashing .266/.325/.426, and the Cubs traded him to the New York Yankees after the season and subsidized some of his salary, ultimately paying $5 million for him to go away in return for pitcher Cody Poteet.
Bellinger excelled once again in 2025, slashing .272/.334/.480 in 152 games while putting up a 5.1 bWAR. Bellinger’s lefty swing benefitted from playing half his games in Yankee Stadium — he put up a 909 OPS at home, compared to a 715 OPS on the road.
Because of that split, a return to New York always seemed to make the most sense for Bellinger. Meanwhile, Bellinger’s good fit in their home park, as well as his defensive versatility, meant that bringing him back made sense for New York, as well. This move technically puts Jasson Dominguez out of the starting lineup, but given the injury histories of Giancarlo Stanton and Aaron Judge, as well as Trent Grisham and Ben Rice not having a long history of hitting well in the majors, Bellinger’s ability to play quality defense at all three outfield spots as well as first base provides the Yankees with valuable defensive flexibility.
