Yankees and Cody Bellinger: Free Agent Rumors Cast Doubt on Reunion

The New York Yankees are entering the 2025 offseason with a different approach than in years past. Unlike previous winters when the team made aggressive moves to bolster its roster, the Yankees are sitting back and evaluating their options carefully. Despite their ongoing interest in top-tier free agents, including former National League MVP Cody Bellinger, the Yankees are taking a cautious stance and have yet to make a significant splash in free agency.
However, the latest update on Bellingerâs free agency from ESPNâs Jeff Passan isnât the most encouraging news for Yankees fans hoping to see the outfielder return to New York in 2025. According to Passan, the Yankees are reportedly ânot budgingâ in their contract talks with Bellinger, signaling a standoff between the two parties.
The Standoff: Yankees Firm on Bellingerâs Price
Passanâs report reveals that the Yankees are unwilling to meet Bellingerâs current contract demands, with the team holding firm on its position until the price drops. “Until his price drops,” Passan writes, “the Yankees don’t seem inclined to budge.” While the Yankees have expressed interest in bringing the former Los Angeles Dodgers star back, itâs clear that theyâre not willing to offer the kind of deal that Bellinger is seeking at this time.
This development presents a concerning scenario for Yankees fans who were hopeful that Bellinger could rejoin the team for the upcoming season. While Passan acknowledges that things are still “very fluid” and that future moves by other teams in the AL East could change the Yankees’ calculus, for now, progress on a potential deal seems to be at a standstill. The notion of a possible Bellinger return is not entirely off the table, but the current situation certainly isnât promising.
AL East Rivalry and Potential for Change
The Yankeesâ hesitation to meet Bellingerâs demands comes amidst a highly competitive offseason in the AL East. The Toronto Blue Jays, Boston Red Sox, and Baltimore Orioles have all been active in their pursuit of talent, and Passan suggests that a big move from one of these rivals could prompt the Yankees to reconsider their stance on Bellinger. If another team in the division makes a high-profile signing or trade, the Yankees may feel more pressure to step up their pursuit of Bellinger.
However, unless one of these rival teams makes a major move, the Yankees are expected to remain firm in their current approach. The Yankees are reportedly not inclined to increase their offer to Bellinger at this point, leaving the outfielder in a precarious position as the offseason unfolds.
Whatâs Next for Cody Bellinger?Â

For Bellinger, this development may require a shift in strategy. With the Yankees not willing to meet his demands, Bellinger could explore other options on the free agent market, including suitors from other teams outside the AL East. While the Yankees remain a possible landing spot for the former MVP, itâs clear that both sides are at an impasse for the time being.
The standoff between Bellinger and the Yankees might lead to the outfielder rethinking his options and considering teams that are more willing to offer him the contract he desires. While the Yankees would undoubtedly love to have Bellinger back in their lineup, especially with his blend of power and defense, it seems that the current financial demands may be too much for the team to commit to.
Spencer Jones and Jasson Dominguez: The Yankees’ Outfield Future
Even if Bellinger ends up signing elsewhere, the Yankees have potential options to fill their outfield. Young prospects like Spencer Jones and Jasson Dominguez are expected to play key roles in the 2026 season, providing the Yankees with an exciting, cost-effective outfield duo. While neither player has the established track record of Bellinger, their potential offers the Yankees a viable path forward, particularly if the team decides to allocate its resources elsewhere.
The decision to rely on Jones and Dominguez may be part of a broader strategy by general manager Brian Cashman and the Yankees front office to balance their payroll while focusing on building a competitive team. If the Yankees donât re-sign Bellinger, the saved money could be used to pursue other high-priority targets or to further invest in the teamâs future.
A Negative Outlook on a Bellinger Reunion
With the Yankees firm in their stance and Bellingerâs contract demands still high, the possibility of a reunion between the two seems increasingly unlikely. While the door is not entirely closed, the lack of progress in negotiations paints a negative picture for the Yankeesâ chances of retaining the former MVP this winter. Fans hoping for a familiar face to return to the Bronx may need to adjust their expectations as the offseason progresses.
The Yankees’ approach to Bellingerâs free agency is a reminder of the changing dynamics in the teamâs roster-building philosophy. While the Yankees have been known for their willingness to spend big in previous years, they appear to be taking a more measured approach this offseason, which could result in a quieter winter than fans are used to.
Looking Forward: Could the Yankees Make a Last-Minute Push?

As the offseason moves forward, things could change. Passan’s report highlights that the situation remains fluid, leaving room for a possible shift in strategy as the Yankees monitor the actions of other AL East teams. If another rival makes a big move, the Yankees may be compelled to adjust their approach and reconsider their position on Bellinger.
For now, the Yankees are staying patient and waiting for the right opportunity. But unless thereâs a significant change in the market or a rival team’s move forces their hand, it looks like the Yankees will be sitting out on the Bellinger sweepstakes, leaving fans to wonder if theyâll make a different kind of splash this offseason.