Yankees and Closer Aroldis Chapman Agree to a Contract Extension

Aroldis Chapman. Photo by Chris Brown/CSM/Shutterstock

It looks like New York Yankees’ All-Star closer Aroldis Chapman had decided to skip the free agency this time. According to ESPN, Aroldis instead signed a contract extension with Yankees, which will keep him in New York through 2022.

Chapman had an option to opt-out from his five-year, $86 million contract he signed with Yankees in 2016 and become a free agent this winter. After considering his options, the 31-year-old decided to remain at the club, which, in return, added one extra year to his deal. He will now earn $30 million in the next two years and $18 million in 2022.

In 60 games he played this season, Chapman posted 2.21 ERA with 85 strikeouts and 37 saves.

Earlier this year, several reports suggested that Chapman is almost certainly going to become a free agent. But the uncertain market for closers and the fact that he feels comfortable in Yankees uniform ended up influencing his decision to stay put.

Aroldis Chapman made his MLB debut with Cincinnati Reds in 2010. He remained six years with the Reds, making four consecutive All-Star appearances during that time. Chapman was traded to Yankees in 2016, but only played 31 games before being traded to Chicago Cubs.

Chapman played out the 2016 MLB season with the Cubs, helping them win their first World Series since 1908. After becoming a free agent following the end of the season, he decided to return to Yankees.