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Yankees, Luis Severino agree to four-year, $40 million contract extension

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Luis Severino and the New York Yankees were expected to go to an arbitration hearing, but it was called off. The Yankees signed Luis Severino to a four-year, $40 million contract extension through the 2022 season, with a club option for the 2023 season.

The year-by-year details, according to Jeff Passan:

2019: $4M+$2M bonus
2020: $10M
2021: $10.25M
2022: $11M
2023 (club option): $15M with $2.75M buyout

To put that in perspective, two pitchers who just won in their third year of arbitration — Trevor Bauer and Gerrit Cole — will make $13 million and $13.5 million, respectively. This is a maximum guaranteed $52.25 million deal for five years for one of the best pitchers in the game. Based on various projections for arbitration for Severino, he’s probably costing himself as much as $15 million over the deal’s first four years and several million if the Yankees pick up the 2023 option. That said — as is the case with all such extensions — this gives him money in the bank now and protection against injury.

Severino filed for a $5.25 million salary while the Yankees countered at $4.4 million. Aaron Nola, who was also in his first year of arbitration-eligibility but who was not a Super 2, recently agreed to a four-year, $45 million extension with the Phillies with a similar fifth-year option.

Severino, 24, finished ninth in AL Cy Young Award balloting last season, going 19-8 with a 3.39 ERA and a 220/46 K/BB ratio in 191 1/3 innings. He also finished third in AL Cy Young Award balloting in 2017.

Royals, Alex Gordon close to contract agreement

Alex Gordon
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MLB.com’s Jeffrey Flanagan reports that the Royals and outfielder Alex Gordon are “getting close” to an agreement on a one-year contract. Terms of the deal aren’t yet known, but the Royals could make it official within the next few days.

Gordon, who turns 36 years old next month, hit .266/.345/.396 with 13 home runs and 76 RBI over 633 plate appearances with the Royals this past season. His offense has waned, owning an adjusted OPS of 84 since 2016 (100 is average), but he still plays decent defense.

Gordon has spent all 13 years of his major league career with the Royals. With the club in a rebuilding phase, he will serve as the clubhouse leader and be a mentor to younger players on the roster.