Giancarlo Stanton will not opt out of his contract with the Yankees, instead keeping the remaining $218 million over seven years left on his deal.
Stanton signed a 13-year, $325 million deal with the Miami Marlins back in 2014 before being traded to the Yankees in 2018. The deal had a player opt-out clause set for 2020, but Stanton will instead remain in New York and try to win a title with the Bombers.
As part of the terms of the trade, the Marlins will send the Yankees $30 million to offset part of what remains on his contract since he did not opt out. It’ll be broken down into $5 million increments on July 1 and Oct. 1 in 2026, 2027 and 2028.
After batting .266 with 38 home runs and 100 RBI in his first season in pinstripes, Stanton has dealt with two-straight injury riddled seasons.
He played in just 18 games in 2019 due to a left bicep strain and right knee strain, hitting .288 with four homers and 13 RBI. Then in the COVID-shortened 2020 season, Stanton played in just 23 games due to a strained left hamstring.
After batting .250 with four homers and 11 RBI during the regular season, Stanton was the best offensive player for the Yankees in the postseason, batting .308 with six home runs and 13 RBI over a seven-game stretch.