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The New York Yankees and outfielder Cody Bellinger are in agreement on a five-year, $162.5 million contract, sources told ESPN's Jeff Passan on Wednesday, ending a standoff between two sides that preferred to reunite all winter long.
With less than a month until pitchers and catchers report to spring training, Major League Baseball's free agent pool remains flush with talent. It's not just the best position player available this winter, Kyle Tucker, or arguably the best pitcher, Framber Valdez, still trawling for a representative contract. There are big bats (Bo Bichette, Cody Bellinger), a front-of-the-rotation arm (Zac Gallen), power (Eugenio Suarez), veteran pitchers (Chris Bassitt, Lucas Giolito) and even an every-day catcher (J.T. Realmuto). Even the most inactive teams have time to salvage their winter.
The hot stove season is stuck in the middle. When we last checked in, the winter meetings in Orlando, Florida, were set to begin, and we figured that a month later the heavy lifting of the 2025-26 offseason would be complete.
Contract negotiations between the New York Yankees and Cody Bellinger are at an impasse, league sources tell ESPN.
On this date last year, Major League Baseball teams had spent around $2.1 billion on free agents. So far this year, that number is shy of $1.4 billion. And as big as that difference seems, it's impossible not to notice the gap between the two numbers shares the same first digit as Juan Soto's $765 million megadeal with the New York Mets signed last December.
MLB's winter meetings begin this week and almost all the top free agents in baseball remain on the board.
Former MLB All-Star Mark Teixeira explains why he is ready to defend the 'conservative principles' of President Donald Trump's agenda in his run for Congress and gives advice on playing baseball on 'America Reports.'
There are two MVPs in Major League Baseball each year — one in the American League and one in the National League. Since 1931, the Baseball Writers' Association of America has voted for the MVPs at the end of the regular season and before the start of the postseason.