The agreement includes $64 million in guaranteed money over six seasons and club option for 2026 that could make it worth $81.5 million over eight seasons.
Hicks took over as the Yankees center fielder last year and set career highs with 137 games, 27 homers and 79 RBIs. On Jan. 11 he signed a $6 million, one-year contract and was set to be a free agent after this season.
Other parts of the deal:
- $2 million signing bonus payable within 30 days of the deal’s approval by the commissioner’s office
- Keeps the $6 million salary this year that was already signed.
- He gets $10.5 million annually from 2020-23 and $9.5 million in each of the following two seasons.
- Yankees have a $12.5 million option for 2026 with a $1 million buyout.
- $1 million assignment bonus the first time he is traded.
- He receives a hotel suite on road trips.
With a $4 million increase in Hicks’ average annual value this year, New York’s raised its luxury tax payroll to about $229 million, well above the $206 million threshold.