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The New York Yankees just watched MLB.com put into words what everyone around the league already knows: Cody Bellinger’s greatest weapon isn’t just his bat—it’s his versatility. And that’s precisely why keeping him in the Bronx might require the overpay even the Yankees have to think twice about.

Bellinger’s Versatility Is Pricing Up

In Mark Feinsand’s free-agency profile, executives raved about Bellinger as a true multi-position athlete, not just a power-hitting lefty. He logged 85 games in left field, 52 in right, 41 in center and even seven at first base in 2025, all while posting a .272/.334/.480 slash line with 29 homers, 98 RBIs, an .813 OPS and a 4.9 fWAR.

Statcast backed up the eye test. Bellinger rated at +7 Outs Above Average and ranked among the best left fielders in fielding run value, all while cutting his strikeout rate to a career-low 13.7% and nudging up both his hard-hit rate and walk rate.

That’s the profile front offices dream about in today’s game: a middle-of-the-order bat who can bounce between three outfield spots and spell the first baseman without turning defense into an adventure.

His performance against left-handed pitching turns him from “nice fit” into “market driver.” In 176 plate appearances vs. southpaws this year, Bellinger produced a .353/.415/.601 line with a strikeout rate under 10%, a level of left-on-left dominance matched by basically no one other than Barry Bonds in the modern era.

That’s the kind of split that pushes a player out of “platoon-proof” and into “pay whatever it takes” territory.

Add in that he’s only entering his age-30 season, and you can see why MLB.com compared his situation to the deals Kris Bryant (7 years, $182 million) and George Springer (6 years, $150 million) signed at similar ages. Bellinger’s last contract averaged $26.6 million per year; it would shock no one if his next one lands north of that over a longer term.

Yankees’ Roster Math Just Got Complicated

Under normal circumstances, the Yankees would simply flex their financial muscle and dare anyone to outbid them. These aren’t normal circumstances.

Trent Grisham’s decision to accept the $22.025 million qualifying offer changed the entire landscape—both for the market and for the Yankees’ books. MLB.com already framed Grisham as the top true center-field option on the market outside of Bellinger; by taking the QO, he not only comes off the board but also locks a hefty one-year salary onto New York’s payroll.

On the field, that’s a win. Grisham just delivered a breakout season, played Gold Glove-caliber defense, and stabilized center, allowing Aaron Judge to stay in right. Financially, though, it means the Yankees have already committed more than $20 million to a player whose best position overlaps with one of Bellinger’s primary positions.

If the Yankees bring Bellinger back, he likely plays most of his time in left field and at first base, with the ability to rotate through center when Grisham needs a day or slides to a corner. That flexibility is exactly what makes Bellinger so valuable—but it also underscores why his market keeps expanding. The Mets, Phillies, Cubs, Dodgers, Giants, and Tigers can all sell him on a starring role at multiple spots, and most of them don’t already have a $22 million center fielder on a one-year deal.

So now the Yankees face a harsh reality. If they want to keep the lefty slugger whose swing fits Yankee Stadium perfectly and whose versatility saved them all over the diamond in 2025, they may have to pay a “Yankee tax” on top of an already aggressive market rate. Bellinger’s versatility is exactly what makes him worth it—and exactly what makes him so hard for the Yankees to afford.

Alvin Garcia Born in Puerto Rico, Alvin Garcia is a sports writer for Heavy.com who focuses on MLB. His work has appeared on FanSided, LWOS, NewsBreak, Athlon Sports, and Yardbarker, covering mostly MLB. More about Alvin Garcia

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