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The New York Yankees have acquired first baseman/outfielder Cody Bellinger from the Chicago Cubs, per ESPN's Jeff Passan, who provided more details.
Jack Curry of YES Network added that the Cubs are throwing in $5 million.
Passan provided more notes on that $5 million.
Bellinger is set to earn $27.5 million in 2025, but he has an opt-out after next season. If he picks up his 2026 option, then he'll earn $25 million in 2026.
Prior to the Bellinger move, Cot's Contracts listed the Yankees with a projected 40-man year-end labor relations payroll of $240,318,047 and a projected 40-man competitive balance payroll of $260,615,667.