Cody Bellinger Declines Yankees Contract Offer

Outfielder Cody Bellinger has officially declined the contract offer from the New York Yankees, as reported by Jon Heyman. Bellinger, who had one year and $25 million remaining on his previous contract, will instead accept a $5 million buyout. His decision comes after a productive season, which included significant contributions to the Yankees’ lineup.

Cody Bellinger’s Contract Situation

Initially, Bellinger signed a three-year, $80 million contract with the Chicago Cubs, which featured opt-outs after each season. He chose not to opt out following the 2024 season, though he was later traded to the Yankees for Cody Poteet. As part of that trade, Chicago also provided $5 million in cash to assist with Bellinger’s salary.

Performance in the Bronx

• Bellinger had a standout performance in 2025, hitting 29 home runs.
• He recorded a solid batting average of .272 with a .334 on-base percentage and a .480 slugging percentage.
• His defensive skills were also highlighted, making him a valuable asset for the team.

This successful season reportedly influenced Bellinger’s decision to opt out of his contract, positioning him for a lucrative deal in free agency.

Future Prospects

At 30 years old, Bellinger is seeking a long-term contract, possibly exceeding five years and $100 million. Since the Cubs extended him a qualifying offer in 2023, Bellinger is not eligible to receive another from the Yankees, therefore eliminating compensation if he signs elsewhere.

The Free Agency Market

Bellinger joins notable players like Alex Bregman and Pete Alonso in the free agency market. His previous experiences, particularly after an injury-plagued period that led to his release from the Dodgers in 2022, have shaped his current trajectory. Following a successful one-year stint with the Cubs in 2023, where he earned the NL Comeback Player of the Year award, expectations are higher this time around.

Yankees’ Outfield Landscape

With Bellinger opting out, the Yankees’ outfield for 2026 may look drastically different. Current roster members include Aaron Judge and Jasson Dominguez, alongside uncertainties regarding other positions. Top prospect Spencer Jones could fill the power and speed void left by Bellinger’s departure.

Trent Grisham, another outfielder in free agency, may also attract a qualifying offer that could influence his return to the lineup, especially after a career-high 34 home runs last season.