Righthander Luis Severino avoided an arbitration hearing with the New York Yankees, agreeing Friday to a $40 million, four-year contract, a person familiar with the negotiations told The Associated Press.
Severino’s deal includes a team option for 2023 that could make the agreement worth $52.25 million for five seasons. If the option is not exercised, Severino would be eligible for free agency after the 2022 season.
The person spoke on condition of anonymity because the agreement is subject to a successful physical.
Severino gets a $2 million signing bonus, $4 million in 2019, $10 million in 2020, $10.5 million in 2021 and $11 million in 2022. The team option is for $15 million with a $2.75 million buyout.
He had been scheduled for the final salary arbitration hearing of the year Friday morning in St. Petersburg, Fla. Severino had asked for a raise from $604,975 to $5.25 million in his first season of arbitration eligibility, and the Yankees had offered $4.4 million.
Severino has a 41-25 career record with a 3.51 ERA and falls two days of service time short of having been eligible for free agency after 2021. He had a setback when he struggled in 2016 and was sent to the minor leagues several times.
A righthander who turns 25 next Wednesday, Severino is a two-time All-Star. He went 19-8 with a 3.39 ERA last year.
Giants add Solarte • Switch-hitting, versatile infielder Yangervis Solarte has reached agreement on a minor league contract with the San Francisco Giants.
If added to the 40-man roster, he would get a one-year contract with a $1.75 million salary while in the major leagues and would have a chance to earn $250,000 in performance bonuses.
He will provide infield depth for manager Bruce Bochy. Solarte played every infield position last season for the Blue Jays, making 83 starts at third base and 28 at second.
Romo to Marlins • Righthander Sergio Romo and the Miami Marlins have finalized a one-year contract that guarantees the reliever $2.5 million.
Romo can earn an additional $250,000 in performance bonuses for games finished as part of the deal announced Friday: $50,000 each for 30, 35, 40, 45 and 50 games finished.
The 35-year-old was 3-4 with a 4.14 ERA last year for Tampa Bay with 25 saves in 33 chances.
A’s sign Grossman • The Oakland Athletics added depth to their outfield mix by signing outfielder Robbie Grossman to a one-year, $2 million contract.
Nick Martini, Stephen Piscotty and Ramon Laureano are projected to get the majority of playing time in the A’s outfield. Oakland manager Bob Melvin said the club would be looking at Grossman as an option in left field.
Grossman spent the last three seasons with the Twins. He batted .273 with five home runs and 48 RBIs last season.
The Athletics also signed infielder Cliff Pennington to a minor league deal with an invitation to spring training.
Pennington returns to the A’s, where he began his big league career in 2008. He has compiled a .242 batting average in 11 seasons with the A’s, Diamondbacks, Angels, Reds and Blue Jays.
Fulmer loses in arbitration • Detroit beat pitcher Michael Fulmer in the last salary arbitration case this year, leaving players with a 6-4 final record in decisions.
Fulmer was awarded a raise from $575,200 to $2.8 million by Matt Goldberg, Robert Herzog and Elizabeth Neumeier, who heard the case Wednesday. Fulmer had asked for $3.4 million.
Royals get Storen • Kansas City agreed with reliever Drew Storen on a minor league contract that includes an invitation to big league spring training.
Storen would have a $1.25 million salary in the major leagues if he is added to the 40-man roster, and he would have the chance to earn additional performance bonuses.
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