Anthony Rizzo re-signs with Yankees on multi-year deal

Anthony Rizzo re-signs with Yankees on multi-year deal

The New York Yankees have re-signed first baseman Anthony Rizzo to a multi-year contract, The Athletic’s Ken Rosenthal was first with the news Tuesday. According to YES Network’s Jack Curry, the contract will worth $34 million over two years with a club option for $17 million for the final year with a buyout of $6 million — thus, his deal will be at least $40 million guaranteed.

Anthony Rizzo is re-signing with the Yankees on a multi-year deal, source tells @TheAthletic.

— Ken Rosenthal (@Ken_Rosenthal) November 15, 2022

The Rizzo deal is for 2 years, $34M with a club option for $17M for a third year. The buyout in the third year is for $6M.

— JackCurryYES (@JackCurryYES) November 15, 2022

The team has yet to announce the deal.

This is fair value for Rizzo, who declined the one-year, $19.65 million qualifying offer that New York offered him.

Rizzo, who was traded over to the Yankees ahead of the 2021 MLB Trade Deadline from the Chicago Cubs, slashed .224/.338/.480 (.817 OPS) with a 131 OPS+ in his first full season with the Yankees last season. That came in addition to 21 doubles, 32 home runs (tying career-high) and 75 RBIs, plus six stolen bases while being caught five other times. He sported a strikeout rate of 18.4 percent — his highest since 2014 (18.7%) with a career-high walk-rate of 5.8 percent.

His 2022 season equated to 2.4 fWAR, which in turn mapped out to be worth approximately $19.3 million dollars, per FanGraphs’ WAR-to-dollar conversion metric (1.0 fWAR = ~$8.0M). In 179 career games with the Yankees, he’s sported a .230/.338/.466 slash line (125 OPS) with 40 homers and 96 RBIs.

The 33-year-old had a down defensive season last year (-3 DRS, -2 OAA), but still showed that he could help mitigate the struggles of the Yankees infield with his impactful glove. Not to mention, he’s a power bat from the left side of the plate that the Yankees needed to retain entering the offseason. Rizzo fits this team perfectly.

Now it’s time to re-sign his pal, Aaron Judge!

P.S. He will also benefit from no shift in 2023, which should elevate his slash-line and turn more outs into hits, barring injury or an unforeseen decline. Good sign!

Some outs that will be hits next season for Rizzo. (or at the least, harder plays to make)

13 more of these hits would have raised his average to .252 last year, along with the 32 homers pic.twitter.com/rae6vC9lJp

— Jomboy (@Jomboy_) November 15, 2022

This is a breaking news story. Stay tuned for updates.

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