The New York Yankees and first baseman/designated hitter Luke Voit have reportedly agreed to a four-year, $41 million deal. The contract will reportedly pay Voit $10 million in 2021, $12 million in 2022, $13 million in 2023, and $16 million in 2024.
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The Yankees and Rizzo have agreed to a new contract worth $5 million. The contract will last for five years and will pay Rizzo an annual salary of $1 million. Rizzo will also receive a $500,000 signing bonus.
Length of contract
The New York Yankees and first baseman Mark Teixeira have agreed to a eight-year, $180 million contract extension, a source familiar with the deal confirmed to ESPNNewYork.com’s Andrew Marchand on Thursday night.
The agreement is pending a physical, and the source said the deal will be officially announced Friday afternoon at George M. Steinbrenner Field in Tampa, Fla.
The extension will keep Teixeira under contract with the Yankees through 2021 and includes a full no-trade clause. He will make $22.5 million in each of 2014 and 2015, $23 million in 2016 and 2017 and $19 million in each of 2018, 2019, 2020 and 2021.
Average annual salary
In 2019, Rizzo will earn a base salary of $10 million, while carrying a total salary of $16 million. He is eligible for annual incentives that could increase his total earnings by as much as $2 million per year. In 2020 and 2021, Rizzo’s base salary will increase to $12 million per year. He will also receive a $500,000 signing bonus that will be paid out in equal installments over the life of the contract.
The New York Yankees have reportedly agreed to a contract extension with first baseman/designated hitter Luke Voit that will keep him with the team through the 2025 season. The deal is worth $19 million guaranteed, and also includes a $3 million signing bonus, as well as annual salaries of $4 million (2021), $6 million (2022), $8.5 million (2023), $11.5 million (2024) and $12.5 million (2025). In addition, the contract contains a full no-trade clause for the duration of the deal.
Rizzo has been a key player in the Yankees’ lineup, and he is set to receive a hefty raise from his previous salary. Rizzo is currently in the final year of his contract, and he will be a free agent after the season. Rizzo is batting .300 with 30 home runs and 100 RBIs. He has also played a key role in the Yankees’ recent success.
In 2017, Rizzo slashed .273/.392/.507 with 32 home runs, 109 RBI, and a 131 wRC+. He was an above-average hitter in every sense of the term. A threat to hit for both power and average, as well as get on base at an elite clip, Rizzo was one of the most dangerous hitters in baseball. And he did it all while playing half his games at one of the most pitcher-friendly parks in baseball. per FanGraphs, his 2017 season was worth 4.7 fWAR.
Rizzo’s defensive numbers are down across the board this season. He has a -2.3 dWAR, which is fourth worst among first basemen. His fielding percentage is .993, which is also fourth worst among first basemen. He has made seven errors this season, which is tied for second most among first basemen.
WAR, or Wins Above Replacement, is a statistical measure that attempts to evaluate a player’s total contribution to their team, and compare it to what a replacement level player would provide. In other words, it quantifies how many more “wins” a player is worth than a ” replacement level” player—a quadruple-A guy who you could find on the waiver wire. You can think of WAR as the number of extra games a team would be expected to win if they had that player, rather than their replacement.
The Yankees are set to sign Rizzo to a ten-year, $275 million deal, making him the richest player in team history. The agreement, which is still pending a physical, will keep the first baseman in pinstripes through 2028. Rizzo, who will turn 32 in August, will receive an average annual salary of $27.5 million.
Rizzo is entering his final year of arbitration eligibility, meaning he’ll be a free agent following the 2021 season. He’s set to make $16.4 million in 2021, and it’s unlikely he’ll sign an extension with the Cubs before hitting the open market. Given his age, production and position, Rizzo should land a pretty lucrative deal when he does hit free agency.
It’s worth noting that Rizzo has a limited no-trade clause that includes the Yankees, so any team interested in acquiring him would likely need to do so before the July 30 trade deadline. If Rizzo is still with the Cubs come spring training, it’s safe to assume he’ll be their Opening Day first baseman in 2021.
Rizzo’s trade value has taken a bit of a hit in recent years. He’s still a very good player, but his offensive numbers have dipped a bit and he’s no longer an elite defender at first base. The Yankees are reportedly interested in Rizzo as a potential replacement for Greg Bird, who is out for the season with an ankle injury. Rizzo would be a significant upgrade over Bird, but the Yankees would likely have to give up one or two good prospects to get him.
Hall of Fame potential
Maddon said the key for Rizzo is to stay healthy and play around 150 games because that’s when his production has been at its best. The three-time All-Star has done that the last two seasons, hitting a combined .283 with 65 homers and 200 RBIs.
“You put up numbers like that over a period of time, you’re definitely a Hall of Famer,” Maddon said. “I think he’s just starting to get into his prime right now. I really do believe that.”
The 28-year-old Rizzo is signed through 2021 with a club option for 2022. He’ll make $10 million this season, $11 million in 2020 and $14 million in 2021. The option is for $16 million with a $2 million buyout.