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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.

Robert Gsellman diagnosed with partial lat tear

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SNY’s Andy Martino reports that Mets pitcher Robert Gsellman has been diagnosed with a partial lat tear. There is no timetable yet for his recovery, but it would seem likely he doesn’t pitch again this season.

Gsellman, 26, went on the injured list on Saturday (retroactive to August 14) with what was initially called right triceps tightness. Across 63 2/3 innings of relief for the Mets this season, the right-hander posted a 4.66 ERA with 60 strikeouts and 23 walks.

Losing Gsellman is a big deal for the Wild Card-hopeful Mets. While his ERA wasn’t anything incredible, he was a workhorse, accruing the most innings of anyone in the bullpen. With Gsellman out of the mix, the Mets will lean even more on Seth Lugo and Jeurys Familia behind struggling closer Edwin Díaz.