The Yankees stayed relatively payroll neutral when it comes to the luxury tax with their extension for Aroldis Chapman.
Chapman could have opted out of the final two years at $30 million left on his five-year contract by midnight Saturday. Instead, he accepted a one-year extension in 2022 for $18 million.
So that means he has three years at $48 million now left on his contract or $16 million on average per year. And the luxury tax formula takes the average value of a contract.
However, the average value on Chapman’s previous five-year, $86 million dollar pact was $17.