Oct 26, 2013; St. Louis, MO, USA; Boston Red Sox center fielder Jacoby Ellsbury (2) singles against the St. Louis Cardinals during the eighth inning of game three of the MLB baseball World Series at Busch Stadium. Mandatory Credit: Rob Grabowski-USA TODAY Sports

Jacoby Ellsbury’s contract with New York Yankees does not include eighth year

Although the ink has yet to dry on Jacoby Ellsbury’s new contract with the New York Yankees, speculation has ran rampant as to the details of his deal. Rumors leaked early Wednesday morning that Ellsbury’s deal included am eighth year, but that’s apparently not the case as ESPN’s Jayson Stark says the deal is only for the seven reported years. The seventh year does include a team option for $21 million dollars or a $5 million dollar payout.

Source familiar with Ellsbury talks says there is NO option for 8th year in deal, despite reports to contrary.

More information, per Joel Sherman:

1 more try because I am not being clear: Ellsbury would be 7-$148M with $21M club opt or $5M buyout. So guarantee is 7-$153M. #Yankees

Also of note, Ellsubry is guaranteed $153 million in his new deal (at minimum) – which, assuming the Yankees exercised his final year would max out at $169 million dollars overall.

Needless to say, Jacoby Ellsbury is going to be paid handsomely – likely – too handsomely for nearly the next decade.

The deal will also come with a full no-trade clause, which in a deal like Ellsbury’s is all but standard operating procedure.

Tags: Jacoby Ellsbury New York Yankees