Yankees sign Severino to 4-year extension
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The New York Yankees signed pitcher Luis Severino to a four-year contract extension that includes a fifth-year club option in 2023, the team announced Friday.

The deal is reportedly worth $40 million and can max out at $52.25 million over five years, a source told ESPN's Jeff Passan.

Severino's reported contract breakdown

YEAR SALARY*
2019 $4M + $2M bonus
2020 $10M
2021 $10.25M
2022 $11M
2023 $15M club option with $2.75M buyout

*Figures courtesy of Jeff Passan

The contract covers Severino's four arbitration years and one year of free agency if the option is exercised.

A press conference to officially announce the deal will be held on Saturday, according to Passan.

Severino wanted money pushed toward the front of this deal to protect against a possible player's strike when the collective bargaining agreement expires on Dec. 1, 2021, reports The Athletic's Ken Rosenthal.

The dynamic, young Severino has been a real weapon in New York's rotation since arriving in the big leagues in 2015. Across four seasons, the 24-year-old Dominican owns a 41-25 record with a 3.51 ERA, along with 572 strikeouts in 518 innings.

He's already a two-time All-Star and has finished among the top 10 in American League Cy Young voting in two consecutive seasons.

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Yankees sign Severino to 4-year extension
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