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Yankees, Severino agree on 4 years, $40M

(AP Photo/Lynne Sladky)

NEW YORK (AP) Right-hander Luis Severino avoided an arbitration hearing with the New York Yankees, agreeing Friday to a $40 million, four-year contract, a person familiar with the negotiations told The Associated Press.

Severino's deal includes a team option for 2023 that could make the agreement worth $52.25 million for five seasons. If the option is not exercised, Severino would be eligible for free agency after the 2022 season.

The person spoke on condition of anonymity because the agreement is subject to a successful physical.

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