As expected, New York Yankees outfielder Cody Bellinger plans to opt out of his contract and become a free agent next month, a source told ESPN.

Bellinger, 30, has a $25 million player option for next season. After a rebound season in his first year in pinstripes, he presumably will receive widespread interest in free agency — it should yield a lucrative multi-year contract.

The Yankees acquired Bellinger from the Chicago Cubs last December. For the Cubs, he was a salary dump days after they acquired Kyle Tucker.

For the Yankees, he was part of the swift pivot from Juan Soto. In the end, the 2019 NL MVP ended up being their second-most valuable player.

Hitting behind Aaron Judge most of the season, Bellinger batted .272 with 29 home runs and an .813 OPS in 152 games in 2025. He was especially productive against left-handed pitching despite hitting left-handed, leading all left-handed hitters in on-base percentage (.415) and slugging (.601) against lefties.

He was also one of the sport’s top defenders: Bellinger accumulated seven Outs Above Average and eight Defensive Runs Saved between the three outfield positions and first base. He added 13 steals in 15 attempts. His 4.9 fWAR was tied with Kyle Schwarber for 18th in the majors and second on the Yankees behind Judge.

Bellinger signed a three-year, $80 million — with opt-outs after the first and second years — with the Cubs before the 2024 season. He had declined the Cubs’ qualifying offer earlier in the offseason.

Other Yankees expected to reach free agency include outfielder Trent Grisham, first baseman Paul Goldschmidt, and relievers Devin Williams and Luke Weaver.