Report: Yankees sign Aroldis Chapman to a five-year, $86 million deal

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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.

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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.

Guardians trade OF Will Benson to Reds for OF Justin Boyd

David Richard-USA TODAY Sports
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CLEVELAND – The Cleveland Guardians traded outfielder Will Benson to the Cincinnati Reds on Wednesday for outfielder Justin Boyd.

The defending AL Central champions also will get a player to be named from the Reds in the swap.

Cincinnati drafted Boyd in the second round last year out of Oregon State. He led the Pac-12 with a .373 batting average and 24 steals in 2022. The 21-year-old batted .203 in 73 at-bats for Class-A Daytona.

The 6-foot-5 Benson spent 28 games with the Guardians last season, batting .182 with three RBIs in 28 games. The 24-year-old struggled at the plate, striking out 19 times in just 55 at-bats.

Benson was once considered one of Cleveland’s top outfield prospects, but has since been surpassed by Steven Kwan, Oscar Gonzalez and Will Brennan.