The Yankees had another good season in 2025, but with the Yankees, good isn't good enough. Going into 2026, they will undoubtedly be looking to reload as they continue trying to take advantage of having a superhuman Aaron Judge on the roster.
Guaranteed Contracts
Other Financial Commitments
Owe $15MM to released IF DJ LeMahieu Owe $1MM option buyout to released OF Aaron HicksOption Decisions
Cody Bellinger, OF: will opt out of one-year, $25MM, taking $5MM buyout Club has $5MM option on RHP Jonathan Loáisiga with no buyout Club has $3MM club option on LHP Tim Hill with $350K buyout2026 guarantees, assuming Hill's option is picked up: $184MM Total future commitments: $715MM
Arbitration-Eligible Players (service time in parentheses; projected salaries courtesy of MLBTR contributor Matt Swartz)
Jazz Chisholm Jr. (5.075): $10.2MM David Bednar (5.073): $9MM Mark Leiter Jr. (5.031): $3MM Clarke Schmidt (4.148): $4.9MM Camilo Doval (4.071): $6.6MM Jake Cousins (3.091): $841K Ian Hamilton (3.081): $941K Luis Gil (3.073): $2.1MM Scott Effross (3.063): $800K Jake Bird (3.051): $1MM Oswaldo Cabrera (3.050): $1.2MM Fernando Cruz (3.035): $1.3MM Anthony Volpe (3.000): $3.9MM José Caballero (2.170): $1.9MMNon-tender candidates: Leiter, Schmidt, Doval, Cousins, Hamilton, Effross, Bird, Cabrera
Free Agents
Cody Bellinger, Paul Goldschmidt, Devin Williams, Trent Grisham, Luke Weaver, Amed Rosario, Ryan Yarbrough, Austin Slater, Paul BlackburnThe Yankees haven't had a losing season since 1992. They have missed the playoffs just five times in the past 31 years. But the expectations in the Bronx are higher than that. It's now been more than 15 years since the last parade.
There's always pressure for the Yankees to compete but that title drought should create extra urgency. There's also the ticking clock on Judge. He is still producing at an incredible level. Despite missing some time this year, FanGraphs credited him with 10.1 wins above replacement. But he can't keep that up forever and will turn 34 in April. Key contributors like Giancarlo Stanton, Gerrit Cole, Max Fried and Carlos Rodón are also in their 30s, adding to the sense that winning needs to come sooner than later.
A lot of good things still happened in 2025. In spring training, the club lost Cole to Tommy John surgery and Luis Gil to a lat strain. Despite losing two rotation building blocks, the team dominated early. They were 35-22 through the end of May, giving them a 5.5 game lead in the American League East. But a summer swoon took some wind out of the sails, allowing the Blue Jays to take over the top spot in the East. Those two clubs kept battling and ended up with the same record, though the Jays were given the nod via tiebreaker. They would then face off head-to-head in the ALDS, with the Jays emerging victorious.
Going into 2026, there is still a lot of talent on the Yankee roster, though there are questions. The rotation should be strong in the long run, though that's assuming improved health relative to now. There is certainly work to do in the outfield and bullpen, and maybe the infield too. There's also the question of how much the club can throw its weight around financially.
Historically, the Yankees have often been the biggest-spending club in the league. In 2025, they were third, according to RosterResource. The Yanks were at $294MM, well behind the Dodgers and Mets, and just barely ahead of the Phillies. Owner Hal Steinbrenner seems to feel that he shouldn't have to spend much more than $300MM, per Greg Joyce of The New York Post. The 2026 payroll is currently slated for $227MM, per RR. That gives the Yanks some breathing room even if they are going to be capped around $300MM, though that kind of powder can get used up pretty quickly when filling a roster with some notable holes. Is there enough pressure to push Steinbrenner beyond his comfort zone?
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