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Right-hander Jonathan Loáisiga is guaranteed $5 million in his one-year contract from the New York Yankees as he returns from Tommy John surgery and could earn up to $10.5 million over two seasons.
Loáisiga gets a $500,000 signing bonus and a $4.5 million salary next season as part of the agreement announced Saturday.
New York has a $5 million team option for 2026 with no buyout. Loáisiga could earn $500,000 in performance bonuses in 2026: $100,000 apiece for 50 innings and each additional five through 70.
Pitching coach Matt Blake said last week the 30-year-old right-hander could return in late April or May from Tommy John surgery last May 1.
“I imagine him being one of the high-leverage guys,” Blake said. “Obviously, we got to take some time to get him right, make sure we don’t rush him into competition.”
Loáisiga had a $2.5 million salary this year in his final season of arbitration eligibility and became a free agent.
He made three relief appearances during the first seven days of the season, then went on the injured list because of a strained right flexor muscle, then had Tommy John surgery with team physician Dr. Christopher Ahmad.
Loáisiga was limited to 17 games in 2023 by right elbow inflammation that sidelined him from the Yankees between April 5 and Aug. 8.
He is 19-11 with a 3.44 ERA in 11 starts and 152 relief appearances over seven seasons, striking out 207 and walking 72 in 219 2/3 innings. Loáisiga averaged 97.8 mph with his sinker in 2023.
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