Cody Bellinger Re-signs With Yankees on Five-Year, $162.5M Deal

LEAD: Cody Bellinger agreed to a five-year, $162.5 million contract with the New York Yankees that includes a $20 million signing bonus payable April 1, a full no-trade provision and opt-outs after the 2027 or 2028 seasons, a person familiar with the negotiations said.

CONTEXT: The agreement ends Bellingers prolonged free agency after the Yankees acquired him from the Chicago Cubs in December 2024 and follows a 2025 season in which he hit .272 with 29 home runs and 98 RBIs, official MLB statistics show.

RESPONSE: Bellinger said in a statement, "I had an unbelievable time putting on this uniform," and New York Yankees general manager Brian Cashman said re-signing Bellinger had been a priority, the club stated earlier.

SCALE: The contract carries a $32.5 million average annual value, guarantees $85 million before his first opt-out with $32.5 million in each of the first two seasons, $25.8 million in the next two seasons and $25.9 million in 2030, and follows Bellinger earning $57.5 million on his prior $80 million, three-year deal, records show.

FORWARD: The agreement remains subject to a successful physical, specifies that if a work stoppage cancels the 2027 season the opt-outs will shift accordingly, and Cashman said in November the club may explore trading prospects such as Jasson Domednguez or Spencer Jones to create roster flexibility.