10:57am: The Yankees have formally announced the contract. Gil was placed on the 60-day IL to open a roster spot for Yarbrough.
9:45am: Yarbrough is guaranteed $2MM on the deal and can earn another $250K via incentives, ESPN’s Jorge Castillo reports. Since the Yankees are in the top tier of luxury penalization, that comes with a 110% tax. Yarbrough will cost them a total of $4.2MM.
9:16am: The Yankees and free agent left-hander Ryan Yarbrough have agreed to a major league contract, reports Robert Murray of FanSided. The Excel Sports client opted out of a minor league deal with the division-rival Blue Jays over the weekend and was granted his release.
Yarbrough, 33, has spent the bulk of his career in the AL East, most of it with the Rays, for whom he pitched from 2018-22. He spent about half the 2024 season with the Jays, pitching well after coming over in a trade with the Dodgers. Yarbrough logged 31 1/3 frames with Toronto and notched a pristine 2.01 ERA with a 22.2% strikeout rate and 6% walk rate.
Yarbrough finished the ’24 season with a career-low 3.19 ERA in 98 2/3 innings, but that came with a paltry 16.3% strikeout rate and one of the tamest fastballs in the sport — averaging just 86.5 mph, per Statcast. Yarbrough sat 89-90 mph as a starter early in his career, but like new teammate Tim Hill, is now more reliant on an unusual delivery and soft contact. Yarbrough rarely allows hard contact (29.4%) and has plus command that helps him offset his lack of missed bats.
That reliance on soft contact does lead to some year-to-year inconsistencies in Yarbrough’s ERA, but the cumulative results have been solid. In 768 big league innings, Yarbrough has a 4.21 earned run average with an 18.7% strikeout rate and 5.5% walk rate. His history as a starter and more recent track record as a multi-inning reliever — last year’s 98 2/3 frames came in 44 appearances — surely held appeal to a Yankees club that has seen its rotation plagued by injuries this spring. Yarbrough probably won’t step into the rotation at any point, but he’s a nice long man to have on hand at a time when rotation depth is thinner than expected. His addition on a big league deal likely pushes waiver claim and fellow southpaw Brent Headrick to Triple-A Scranton/Wilkes-Barre to begin the season.
The Yankees will need to open a 40-man roster spot to make Yarbrough’s deal official, though given that just-mentioned slate of injuries, that shouldn’t be an issue. Gerrit Cole was already moved to the 60-day IL when the team selected Carlos Carrasco’s contract over the weekend, but the Yankees still have multiple 60-day IL candidates. Luis Gil will miss months due to a lat strain, and while an exact timetable for Giancarlo Stanton’s return from tendon injuries in both elbows, it doesn’t seem like he’s a candidate to make his 2025 debut anytime soon.