Breaking News: Yankees, Severino Avoid Arbitration Hearing with 4/$40M Extension

Breaking News: Yankees, Severino Avoid Arbitration Hearing with 4/$40M Extension

As first reported by Joel Sherman earlier today, the Yankees and Luis Severino avoided going to an arbitration with, and finalized a multi-year extension with their ace pitcher (pending a physical).

Sherman was also the first to report the base details of the extension, stating the 4-Year and $40 Million figure and had mentioned an option.

Jeff Passan followed up later with the detailed agreement between the Yankees and Luis Severino, filling in the detail that the Yankees included a club option at the end of the deal with a $2.75 Million buyout.

With this news, the Yankees have officially avoided going to any arbitration hearings with all of their 9 players who were arbitration-eligible; previously reaching deals with the other 8 players earlier in the offseason.

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