Overview

• ESPN’s Jeff Passan reports the Yankees have a realistic pathway to strike a multi-year extension with Cody Bellinger before his opt-out.
• Bellinger has a $20 million player option for 2026 that he is widely expected to decline to test free agency.
• He is hitting .275/.329/.498 with 27 home runs in 2025 while providing reliable defense across all three outfield spots and first base.
• Open-market projections peg his potential contract near five years and about $150 million.
• Keeping Bellinger would influence New York’s offseason calculus, including Trent Grisham’s pending free agency and broader payroll decisions.