It’s a busy day for every MLB team, including the New York Yankees.
Today was the deadline for players and teams to exchange arbitration figures. Players from year three to year six of their service time clock go through the arbitration process. If, after exchanging figures, they can’t reach an agreement on their 2023 salary, an independent arbitrator will pick one side and that’s going to be the number.
Before the deadline, however, dozens of players simply settle with their respective ballclubs on a salary. Entering the day, the Yankees had 12 arbitration-eligible players, but two of them — infielder Isiah Kiner-Falefa and reliever Lou Trivino — had already agreed to deals in November.
- The first one to settle on Friday was starting pitcher Frankie Montas, who agreed to a $7.5 million salary according to Mark Feinsand. He made a little over $3.2 million in 2022 and will be a free agent next offseason.
- Jon Heyman reported that backup catcher Kyle Higashioka and the Yankees settled on a one-year contract worth $1,462,500. The backstop is entering his second season of arbitration.
- Two more signings to report, both from Feinsand within minutes of each other. Reliever Clay Holmes will get $3.3 million next year, with incentives for up to $100,000 based on how many games he finishes (if he can reclaim his closer’s role, that will help). Fellow 2022 All-Star Nestor Cortes gets a pay bump to $3.2 million in his first year of arbitration, which has to feel good after the long journey the former 36th-rounder took to get to this point.
- It’s back to Heyman for signing No. 5, and it’s a third 2022 All-Star. Like Cortes, Jose Trevino was in his first year of arb-eligibility, and the defending Platinum Glove Award winner is getting $2.36 million for 2023.
- Still awake? Let’s settle four more signings, with two reports each from Heyman and Feinsand. Relievers Jonathan Loáisiga ($2,262,500) and Wandy Peralta ($3.35M) settled, as did swingman Domingo Germán ($2.6M) and perhaps the team’s most underrated bullpen weapon, Michael King ($1.3M).
On Saturday morning, the Yankees confirmed that these nine players had all agreed to contracts:
On Friday, the Yankees agreed to terms with LHP Nestor Cortes, RHP Domingo Germán, C Kyle Higashioka, RHP Clay Holmes, RHP Michael King, RHP Jonathan Loáisiga, RHP Frankie Montas, LHP Wandy Peralta and C Jose Trevino on one-year contracts, thus avoiding arbitration.— New York Yankees (@Yankees) January 14, 2023
The only other arbitration-eligible player on the Yankees who remains unsigned is Gleyber Torres. The Yankees are reportedly $500,000 apart from their second baseman in the filings, so keep an eye on that one. They may yet come to terms in the middle, but it could go to a hearing as well.
Gleyber Torres files at 10.2M, Yankees at 9.7M— Jon Heyman (@JonHeyman) January 14, 2023
We’ll be on alert for any updates on this group throughout the night as news breaks.