The deal, when finalized, will reportedly include a fourth-year option that the Yankees will have to exercise after the second season. If not, Britton will be able to opt out at that time.
Britton will reportedly earn $39 million over the first three years, with another $14 million guaranteed if the Yankees exercise the fourth-year option.
The 31-year-old southpaw joined the Yankees last season when he was acquired from the Baltimore Orioles for Dillon Tate, Cody Carroll, and Josh Rogers. He posted a 2.88 ERA and 1.16 WHIP over 25 innings with New York.
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