Update — 2:15 p.m.
Additionally, Ken Rosenthal reports that the Marlins will send $30 million to the Yankees, as long as Stanton doesn’t opt out of his current contract in 2020. The money reduces Stanton’s average annual value by $3 million per year over the course of the next 10 years, and presumably still allows the Yankees to remain under the luxury tax threshold going forward.
Source: Stanton’s annual luxury-tax number with #Yankees will be approximately $22 million. #Marlins’ $30 million contribution if he does not opt out after 2020 reduces luxury-tax burden of 13-year, $325M deal. Luxury-tax number based on average annual value.
To put things in perspective:
With #Marlins taking on $30M of $295M due Stanton, his re-computed number is roughy $22.7M toward luxury tax payroll. Plus #Yankees subtract $8.6M toward tax with Castro. So again NYY gets Stanton min wage 2b (Torres?) for what it cost for Holliday/Castro in ’17
Jon Heyman reported that Stanton is on the way to New York, or is there already, to undergo a physical. With all of the moving parts and money exchanging hands, the deal is not expected to be finalized until Sunday, or perhaps even Monday.
Derek Jeter is the gift that keeps on giving for Yankees fans.
According to Jon Heyman, the Yankees and Marlins have an agreement in place that will send the reigning National League MVP to the Bronx. Joel Sherman of the NY Post reports that at least Starlin Castro plus good (not top) prospects would head back to Miami.
sources: yankees and marlins have a deal for giancarlo stanton
Source: Stanton from #Marlins to #Yankees is “virtually done.” Close to finish line. Hear #Marlins will get at least Starlin Castro plus good but not top prospects if completed. Again physical review can still be part of this so nothing final, but close.
However, the deal hinges on Stanton passing a physical and whether or not he wants to waive his no-trade clause. It was reported yesterday that he was open to joining the Yankees, but it remains to be seen if he wants to finally give up on trying to land with his hometown team, the Los Angeles Dodgers.
Stanton, while not a necessity for New York by any means, would automatically give the Yankees one of — if not the best — lineups in all of baseball. He’d team-up with fellow sluggers Aaron Judge and Gary Sanchez to form a modern day Murderers’ Row.
Stanton, 28, hit .281/.376/.631 with 59 homers and 132 RBI en route to being named the NL MVP last season. Keep in mind he accumulated those numbers playing half his games in expansive Marlins Park.
Stay tuned for more updates as they become available.