Are the New York Yankees stepping back from the bidding war for Bellinger? U.S. media reveals a $160 million five-year offer has reached its limit.

Outfielder Cody Bellinger, who played for the New York Yankees last season, remains without a confirmed destination. While the Yankees had initially expressed intent to retain him, the latest signs indicate a possible shift in their strategy.

According to veteran Star-Ledger reporter Bob Klapisch, if cross-town rivals the Mets or other teams submit higher offers, the Yankees plan to bow out of the bidding. Internally, the team believes their $160 million five-year contract proposal (including two opt-out clauses) is a fair deal for Bellinger.

Since Bellinger opted out of his contract during the offseason, the Yankees’ management has actively negotiated, raising their offer from an initial $155 million over five years to the current proposal, which includes several additional clauses. However, Bellinger and his agent Scott Boras have consistently pushed for a seven-year deal, making contract length the main sticking point in talks.

Current market trends show that after signing Bo Bichette, the Mets still maintain interest in Bellinger, while competitors like the Blue Jays and Phillies may also pursue him. Whether the Yankees’ "final offer" is enough to retain this key player for the 2025 season has become the latest suspense in the free-agent market.