Cody Bellinger has reportedly agreed to a five-year, $162.5 million contract extension from the New York Yankees, a person familiar with the negotiations told The Associated Press on Wednesday.
The person spoke on condition of anonymity because the agreement would be conditional on a medical examination.
Bellinger will receive a 20 million signing bonus and benefit from a total no-trade clause. He will have the right to terminate his contract after the 2027 or 2028 seasons to return to being a free agent, but if a work stoppage prevents games from being played in 2027, the agreement stipulates that withdrawals will be postponed until after the 2027 and 2028 seasons.
Bellinger, a two-time All-Star selection, was acquired from the Chicago Cubs in December 2024. He hit .272 with 29 home runs and 98 RBIs last season with the Yankees, even posting a .302 average with 18 home runs and 55 RBIs at Yankee Stadium.
The left-handed hitter played 149 games in the outfield and seven at first base in his first non-infirmary season since 2022.
He is the son of former Yankees player Clay Bellinger.
Bellinger, who was the NL Rookie of the Year in 2017 and the NL MVP in 2019, is hitting .261 with 225 homers and 695 RBIs in eight seasons with the Los Angeles Dodgers (2018-22), Cubs (2023-24) and Yankees.
He pocketed $57.5 million as part of his three-year, $80 million deal ratified with the Cubs at the start of the 2024 season. However, he declined an option that would have allowed him to receive $26 million in 2026, preferring a $5 million release clause.
