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Yankees Sign Bellinger; Valdez Remains Elite Free Agent

1/28/2026

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Summary

Story summary

The New York Yankees re-signed outfielder Cody Bellinger to a five-year, $162.5 million contract.
This offseason has been slow, leaving only one elite free agent on the market: Framber Valdez, pitcher.
Valdez is a two-time All-Star with a 3.36 earned run average (ERA) and entered the offseason with expectations similar to Max Fried's $218 million deal.
Valdez's availability at January's end underscores a shift in the free agent market.

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Story summary

The New York Yankees re-signed outfielder Cody Bellinger to a five-year, $162.5 million contract.
This offseason has been slow, leaving only one elite free agent on the market: Framber Valdez, pitcher.
Valdez is a two-time All-Star with a 3.36 earned run average (ERA) and entered the offseason with expectations similar to Max Fried's $218 million deal.
Valdez's availability at January's end underscores a shift in the free agent market.