Jacoby Ellsbury's Contract: A Costly Deal For The Yankees

When Jacoby Ellsbury signed a seven-year, $153 million contract with the New York Yankees in 2013, it seemed like another score for the Bronx Bombers. Here was the most valuable franchise in the major leagues signing a major star. We’d seen it before, too, with players like Alex Rodriguez and Livan Hernandez inking big deals to wear pinstripes.

However, this deal quickly spiraled out of control, leading to significant financial repercussions for the Yankees. The team released Ellsbury earlier this month, reflecting on a contract that turned out to be a drain on their resources.

The 36-year-old outfielder hasn't played since 2017, missing two entire seasons due to a series of injuries including oblique, hip, back, and foot issues. The Yankees now owe Ellsbury a staggering $26,285,714, which includes $21.1 million for this year and a $5 million buyout for a 2021 team option.

Ellsbury played in 520 games over four seasons with the Yankees. He came from the Boston Red Sox as a two-time champion and a one-time All-Star, though he achieved neither in New York. Ellsbury’s situation isn’t unique; many teams have faced similar dilemmas with big contracts.

In this article, we’ll delve into the details surrounding Ellsbury’s contract, the injuries that plagued his career, and how this case reflects a larger trend in professional sports. Additionally, we’ll explore other notable players who have been paid to leave their teams and the financial implications for franchises.