The Yankees and free agent closer Aroldis Chapman have agreed to a five-year contract worth $86 million, according to Fox Sports' Ken Rosenthal and multiple reports.
Chapman, 28, spent most of 2016 with the Yankees before they traded him to the Cubs prior to the non-waiver deadline. For the Cubs and Yankees last season, he pitched to a 1.55 ERA and a 5.0 K/BB ratio. For his career, Chapman boasts an ERA+ 192 across parts of seven major-league seasons. In large part because of a fastball that averages triple digits, he's struck out 42.6 percent of opposing hitters over that span -- a remarkable figure.
Chapman's $86 million deal rather easily breaks Mark Melancon's record for largest closer contract -- $62 million -- that he set earlier this week. Of benefit to the Yankees is that signing Chapman, because he was traded mid-season and thus could not be tendered a qualifying offer, will not cost them a compensatory draft pick.
Ken Rosenthal reports the deal includes a three-year opt-out, a full no-trade in the first three years and limited trade the final two years.