The Yankees announced that they have exercised their club option on right-hander Luke Weaver for the 2025 season. He’ll make a $2.5MM salary in the upcoming campaign.
The decision is not surprising at all. The Yankees showed a lot of faith in Weaver and it paid off in a big way. Though he was once a first-round pick and top prospect, his initial career success led into a real rough patch.
Weaver showed some promise as a starter at the start of his career but posted a 5.95 earned run average over the 2020-2023 period. He was designated for assignment by the Mariners in September of 2023 and landed with the Yankees, making three appearances for the Yanks as they ran out the clock on that season.
They must have seen something they liked in that time, as they re-signed him in January, a one-year deal that included a $2MM salary in 2024, a club option for 2025, as well as incentives and escalators.
The gamble paid out in a huge way, as Weaver just wrapped up an excellent season. He tossed 84 innings out of the Yankee bullpen this year with a 2.89 earned run average. He struck out 31.1% of batters faced while keeping his walk rate to a 7.9% level. He earned 22 holds and took over as closer late in the year, earning four saves. He made another 12 appearances in the postseason with a 1.79 ERA, earning four more saves.
Weaver’s $2.5MM club option came with escalators but they didn’t kick in until 100 innings pitched, presumably allowing him to lock in extra earnings if he eventually returned to the rotation. But since he stayed in relief all year, he wasn’t able to push the value of the option up.
$2.5MM is peanuts for a major league club, especially one like the Yankees that generally runs one of the higher payrolls in the league. For how well Weaver pitched this year, this was one of the most no-brainer decisions of the offseason.