The 2025 MLB season concluded with the New York Yankees finishing strong, but questions now swirl around one of their key players. Cody Bellinger, the outfielder acquired in a December 2024 trade with the Chicago Cubs, is expected to opt out of his contract after the World Series, setting the stage for a potentially massive free-agent market.
Bellinger, who posted 29 home runs, 98 RBIs, and a 5.0 WAR this season, is reportedly turning down the $25 million option on the final year of his three-year, $80 million deal. This move would make the former National League MVP one of the most sought-after free agents in the upcoming offseason.
The Athletic‘s Jim Bowden projected that Bellinger will be the No. 10 free agent on the open market. “Bellinger’s ability to play above-average defense at all three outfield positions and first base increases his free-agent worth, although it looks like he’s found a home in left field,” Bowden said. “I think he’ll opt out of his contract and try to get the Yankees to give him a longer deal.”
Bellinger’s free-agent outlook
According to Bowden, Bellinger could secure a six-year, $168 million contract based on comparable deals for George Springer, Teoscar Hernandez, and Brandon Nimmo. Teams likely to pursue Bellinger include the Yankees, New York Mets, Houston Astros, San Diego Padres, Cleveland Guardians, Kansas City Royals, Los Angeles Angels, and Seattle Mariners.
Cody Bellinger #35 of the Yankees celebrates with Giancarlo Stanton #27 after hitting a two-run home run. Michael Reaves/Getty Images
Bellinger’s strong season in the Bronx, aided by Yankee Stadium’s short right-field porch, highlighted his offensive and defensive value. He posted a .909 OPS at home — a sharp contrast to his .715 mark on the road — underscoring just how much of a difference-maker he was in New York.
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Alternative outfield options for the Yankees
If the Yankees are unable to re-sign Bellinger, they could target other top free agents. Kyle Tucker, the 28-year-old Cubs outfielder, is considered the top player on the market.
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Another option is Trent Grisham, who posted a career-high 34 home runs this season. Bowden projects Grisham could secure a two-year, $30 million deal, with potential landing spots.
