Update (12:02 AM EST): Rosenthal adds that Chapman’s contract includes an opt-out clause after three seasons, a full no-trade clause for the first three years of the contract, and a limited no-trade clause for the final two years.
Ken Rosenthal of FOX Sports reports that the Yankees have signed closer Aroldis Chapman to a five-year, $86 million contract. Mark Melancon recently set the record for a contract earned by a reliever at $62 million over four years. Chapman blew that out of the water and many are surprised he didn’t fetch more.
Chapman, 28, began the 2016 season with the Yankees but he was traded to the Cubs near the end of July in exchange for four prospects. The Cubs, of course, would go on to win the World Series in large part due to Chapman. The lefty finished the regular season with a 1.55 ERA, 36 saves, and a 90/18 K/BB ratio in 58 innings between the two teams.
Chapman was the best reliever on the free agent market and, because he was traded midseason, he didn’t have draft pick compensation attached to him.
The Yankees don’t seem to be deterred by Chapman’s domestic violence issue from last offseason, resulting in a 30-game suspension to begin the 2016 regular season.