The Bronx Bombers continue to make additional deals concerning their future arms by securing their young star hurler to a lucrative deal that will keep him with the Yanks.
Bryan Hoch of MLB.com reports:
The Yankees believe that Luis Severino will continue to stand tall among the sport's young aces for years to come, and they rewarded that promise by announcing a four-year contract extension with the right-hander on Friday, avoiding salary arbitration. The deal includes a club option for the 2023 season.
MLB.com's Mark Feinsand confirmed that Severino is guaranteed $40 million in the deal, and he will make $52.25 million if the option is exercised.
"He's a great pitcher and I hope he's here for a long time," said Yankees manager Aaron Boone. "That would be my hope. I'm excited to get him back in camp, hopefully tomorrow. I missed seeing him out here today."
Severino and the Yankees had been $850,000 apart with their exchange of arbitration figures, with the pitcher filing at $5.25 million. The club countered at $4.4 million, and a hearing had been scheduled for Friday in St. Petersburg, Fla.
A two-time All-Star, Severino earned $604,975 last season, when he was 19-8 with a 3.39 ERA in 32 starts. He will receive a $2 million signing bonus, $4 million in 2019, $10 million in '20, $10.25 million in '21 and $11 million in '22.
The pact came one day after the Phillies formally announced a four-year, $45 million extension with right-hander Aaron Nola. Like Severino, Nola could have gambled by going to arbitration in future seasons but opted for the security of a guaranteed contract.
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