The New York Yankees’ pursuit of free agent Cody Bellinger appears to be faltering, as the two sides are reported to be at an impasse. ESPN’s Buster Olney indicated that the Yankees are preparing to move forward, operating under the assumption that Bellinger will sign with another team.
Brendan Kuty from The Athletic noted that the Yankees presented an offer exceeding $30 million annually for a duration of five years. Olney corroborated this figure, stating that while Bellinger’s representatives, notably from the Boras Corporation, were exploring a seven-year contract, the Yankees have expressed a preference for a four- to five-year commitment.
A five-year contract at over $30 million annually would align with the market for top-tier free agents this offseason. For instance, Pete Alonso signed a five-year deal worth $155 million with Baltimore, while Kyle Schwarber rejoined Philadelphia on a five-year, $150 million contract. The length of New York’s recent offer could pose challenges for Bellinger’s camp, especially as they aim for a more favorable annual average value than the $30 million proposed.
Bellinger has seemingly been the primary target for the Yankees this offseason, with Kyle Tucker being regarded as a secondary option. The Yankees have shown some interest in Bo Bichette but have not made significant connections with other stars like Alex Bregman.
Last season, the now 30-year-old Bellinger demonstrated his capabilities with the Yankees, posting a .272 batting average and belting 29 home runs over 152 games. His home performance at Yankee Stadium was particularly impressive, with a .302 average and 18 home runs. However, his performance dipped during away games, suggesting that the stadium’s environment significantly benefitted his play.
The Chicago Cubs recently emerged as another potential landing spot for Bellinger. His previous teams, including the Dodgers, Giants, Mets, Angels, Blue Jays, and Phillies, have all shown varying levels of interest. Bellinger’s return to Chicago could resonate well, echoing his past success with the Cubs when they offered him a one-year, $17.5 million deal last season, leading to a standout performance with a career-high .307 batting average and a 135 wRC+. However, after his trade to the Yankees, returning to the Cubs might present complexities given the circumstances of his departure.
As negotiations continue, Bellinger’s next contract remains highly anticipated, highlighting both the competitive nature of the free agency period and the Yankees’ ongoing efforts to enhance their roster.