The New York Yankees have locked up one of their core pieces for the next four seasons, avoiding arbitration in the process.
Ken Rosenthal of The Athletic reported on Friday that the Yankees have signed starting pitcher Luis Severino to a four-year, $40 million extension.
Source confirms: #Yankees, Luis Severino agree on four-year, $40M contract, avoiding arbitration. First reported: @Joelsherman1.
— Ken Rosenthal (@Ken_Rosenthal) February 15, 2019
The two-time All-Star was due a substantial raise from the $600,000 he earned last season. He was projected to earn about $5 million in arbitration. This settles things with both sides being happy.
Severino, 24, pitched to a 19-8 record with a 3.38 ERA and 220 strikeouts in 191.1 innings last season. He also boasted a stealth-like 1.15 WHIP.
This rather short-term extension will allow Severino to hit free agency before he turns 30. That should net him another lucrative deal.