The Yankees announced Friday they signed Luis Severino to a four-year contract, avoiding salary arbitration (and potential controversial comments by Randy Levine). 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."
A two-time All-Star, Severino earned $604,975 last season, when he was 19-8 with a 3.39 ERA in 32 starts.