Cody Bellinger re-signs with Yankees on 5-year, $162.5M deal

Cody Bellinger has re-signed with the New York Yankees on a five-year, $162.5 million contract, which includes opt-outs after years two and three. This signing pushes the Yankees' projected CBT payroll comfortably past $300 million and completes their top offseason task. Bellinger's adjustments, focusing on contact and pulling fly balls, are seen as a perfect fit for Yankee Stadium. His return solidifies a crowded outfield alongside Aaron Judge and Trent Grisham, potentially impacting playing time for Jasson Domínguez and Spencer Jones.